Performance Report:
- Year-to-date annualized return: 6.66%
- Number of loans: 182
- Gross loan portfolio dollars: $194,721,483 (79.30% in 1st and 20.70% in 2nd position)
- Average loan-to-value: 51.26%*
- Average loan amount: $1,069,898
- Number of Counties: 26
*calculated when loans are initially funded
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Featured Property:
Location: Redwood City, CA
Loan Type: Bridge Loan
Lien Position: 1st
Loan-To-Value: 60.49%
Loan Amount: $2,100,00
Description: Built in 1988, the subject property is a residential home located in Redwood Shores. Within the 2,600 sqft floorplan, there are 4 bedrooms and 3 baths. Spacious with formal entryway, living and dining areas, vaulted ceiling and fireplace. Open layout kitchen and family room with access to large wooden deck and attached garage.
Departing property is also located in Redwood Shores with 2 bedrooms and 3 bath over 1,270 sqft. It has cherry floors throughout, paver patio and outdoor deck. The location is close to schools, shopping and activities.
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Property Types:
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Past 12 months Annualized Returns:
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