[su_spacer size=”10″]Performance Report:

As of  9/30/17:

• Third quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 54
• Gross loan portfolio dollars: $$35,046,237 (75% in 1st and 25% in 2nd position)
• Average loan-to-value: 50.89%*
• Average loan amount: $649,004*

*calculated when loans are initially funded

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Featured Asset:[su_spacer size=”5″]

Our featured property this quarter is located at 586 30th Avenue, in San Francisco. It is a 1-story home built in 1922. The home is 1,330 sq ft on a 2,063 sq sf lot with 3 bedrooms and 2 baths. The finished basement has an additional 2 bedrooms and 1 bath. The inside of the home has been remodeled within the last year.

Our borrower is a real estate investor that needed funds for another project they were completing. They own this property with a small first lien of $375k. The appraisal came in at $1.5M. Stonecrest provided the borrower with a $600k line of credit in 2nd position, putting us at an excellent 65% combined loan to value.
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Property Types:

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Past 12 months Annualized Returns:

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