[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
[su_spacer size=”10″]
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.
[su_spacer size=”20″]
Property Types:
[su_spacer size=”10″]
Past 12 months Annualized Returns:
[su_spacer size=”10″]
[table id=94/]