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Performance Report:
As of 12/31/15:
• Fourth quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 59
• Gross loan portfolio dollars: $33,388,222 (78.76% in 1st and 21.24% in 2nd position)
• Average loan-to-value: 45.87%*
• Average loan amount: $565,902
*calculated when loans are initially funded
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Featured Asset:
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This home in Truckee, California, is a 3,164 sqft two-story single family home. It has 3 bedrooms and 3.5 bathrooms. It also has a family/bonus room addition. The home was built in 1977 and has been completely remodeled. It is situated on 1 acre and surrounded by beautiful trees. The kitchen has a wonderful view of the mountains.
The Borrower wanted to purchase a new residence in Truckee, but they had not yet sold their current home in Carnelian Bay. They decided to take a bridge loan from Stonecrest to help purchase the new property until their departing residence was sold. The bridge loan ensured that they wouldn’t miss out on their ideal home and location in Truckee. We did a loan of $755k crossed on both properties.
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Property Types:
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Past 12 months Annualized Returns:
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