[su_spacer size=”10″]Performance Report:
As of 12/31/18:
• Fourth quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans:46
• Gross loan portfolio dollars: $36,290,719 (60.12% in 1st and 39.88% in 2nd position)
• Average loan-to-value: 51.08%*
• Average loan amount: $788,929*
*calculated when loans are initially funded
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Featured Asset:[su_spacer size=”5″]
Our featured property this quarter is located at 957 Corte Del Sol in Fremont, California. It is a 6,977 sq ft single-family home sitting on a 16,179 sq ft lot. The property was built in 1993. It has 5 bedrooms and 5.5 bathrooms, a foyer and basement. There are three fireplaces, garage space for 5 cars, and the home includes an inground pool. It is in a residential neighborhood.
The borrowers came to us in need of working capital for their business. They wanted the flexibility of our Business Line of Credit product. Stonecrest provided a $500k line in 2nd position against their home, which was assessed at $4M. With a combined loan to- value of 47% and the borrowers’ great credit and financial profile, this is a nice loan for the portfolio.
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Property Types:
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Past 12 months Annualized Returns:
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