Business
Sortis Income Fund Delivers Ninth Consecutive Quarter of Returns That Exceed Targets
Sortis Income Fund Delivers Ninth Consecutive Quarter of Returns That Exceed Targets.
About this update from Sortis Holdings, Inc.
[{"type":"text","content":"\n \n Sortis Income Fund, LLC announced today an 11.33% net annualized return \n to its investors for the first quarter of 2019. The Sortis Income Fund, \n a real estate mortgage fund that holds short-term notes collateralized \n by real estate, is managed by Sortis Holdings Inc. (SOHI) and its wholly \n owned subsidiary, Sortis Financial, Inc.\n \n \n “Although the primary focus of this fund is capital preservation, we’ve \n delivered nine consecutive quarter of earnings that exceed our 10% \n target,” said Jef Baker, Fund Officer. “We’ve been able to deliver \n attractive yields to investors while maintaining conservative \n loan-to-values on short-term real estate loans.”\n \n \n The fund returned 12.24% to investors on an annualized basis in 2017, \n and 11.12% on an annualized basis for 2018, exceeding the fund’s 10% to \n 11% target return for investors. The fund is accessible via the Fidelity \n Wealthscape platform or directly from Sortis Holdings at www.sortisholdings.com/funds.\n \n \n “With the high returns, our number one goal of investor principal \n protection is continuing to be maintained through our average 65% loan \n to value, first-position real estate portfolio, and an average maturity \n of eight months or less,” said Morgan Smith, Fund Officer. “We source, \n underwrite and originate our loans through our nationally licensed \n lender, Sortis Financial, Inc, and as a result of our conservative and \n compliant underwriting processes, we have experienced zero foreclosures \n since our inception.”\n \n \n The Sortis Income Fund, LLC is an unlevered real estate note fund that \n allows quarterly distributions or reinvestment at investor discretion. \n Liquidity is also available after an initial six months, subject to \n short term loan maturities in its portfolio. Sortis recently extended \n their reach into the real estate equity world with the launch of their \n Opportunity Zone Fund.\n \n \n About Sortis Income Fund, LLC\n \n \n Sortis Income Fund is an evergreen real estate loan fund offered through \n private placement to accredited investors. The fund is managed by Sortis \n Holdings, Inc. and it's wholly-owned subsidiary, Sortis Financial, Inc. \n The fund conservatively focuses on holding real estate loans. Loans are \n originated and ...