Sortis Income Fund, LLC Generated a Net Annualized Return of 10.54% * in the Second Quarter of 2021 | State
PORTLAND, Ore., August 20, 2021 / PRNewswire / – Sortis Holdings, Inc. (SOHI), a Portland, OregonAlternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.54% * during the second quarter of 2021. The Sortis Income Fund (SIF) is a non-leveraged mortgage fund , which focuses on short-term notes that are secured by real estate.
“We are delighted with the continued growth of a fully deployed Exit Income Fund, in an environment where our loan pipeline continues to exceed our capital. We pride ourselves on providing a net return of over 10% to our investors, while maintaining a loan portfolio with an average loan to value ratio of 62%. We have always focused on capital protection with a fundamental emphasis on prudent underwriting ”, noted Jef Boulanger, Managing Director of SIF.
“Our strong second quarter performance included the successful resolution of two non-performing loans. Our in-depth experience of troubled assets combined with our cautious approach 1st the position privilege on real estate collateral has enabled each loan to generate a higher return than what was expected at the time of origination. The most recent quarter also benefited from our ability to generate transaction flows across our extensive networks. Five of the six transactions were either direct transactions or recurring borrowers, which allows us to offer better pricing, efficient turnaround times, reduced fees paid to intermediaries, while maintaining above-market returns for our customers. investors ”, declared Sam ross, Managing Director of SIF.
The Sortis Income Fund and its other investment offers are accessible via the main national investment platforms or directly from Sortis Holdings at www.sortis.com/funds.
Recent annualized net returns SIF
- 10.5% in the second quarter of 2021
- 10.3% in the first quarter of 2021
- 9.5% in Q4 2020
- 10.0% in Q3 2020
Sortis Income Fund is a scalable home loan fund offered by private placement to qualified investors. The fund is managed by Sortis Holdings Inc. The fund has a cautious focus on holding mortgage loans. Sortis, with deep roots in the Northwest, has developed an extensive network over many years in the banking and finance industry and has built a reputation as a high quality private lender capable of executing efficiently.
About Sortis Holdings, Inc.
Sortis Holdings (OTC: SOHI) is a leader in diversified alternative investment strategies focused on real estate, loans, distress and rescue opportunities. The Exit Funds include the Exit Rescue Fund, the Exit Income Fund and the Exit Opportunity Zone Fund. Operating on the principles of customer focus, integrity, hard work and creativity, Sortis Holdings offers its accredited investors diversified and well-managed investment strategies. Learn more at sortis.com.
This press release contains statements that constitute forward-looking statements. Investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the issuer’s ability to control, and that actual results may differ materially from those. projected in forward-looking statements as the result of various factors. Further information on potential factors that may affect the business and financial results is and will be included in the disclosure documents and filings of Sortis. This announcement does not constitute an offer to sell securities. Any offer will only be made by means of an offering memorandum. This ad is not intended for use in any jurisdiction other than the United States.
