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Sortis Income Fund, LLC Produced a Net Annualized Return of 10.54%* During the Second Quarter of 2021
Sortis Income Fund, LLC Produced a Net Annualized Return of 10.54%* During the Second Quarter of 2021.
About this update from Sortis Holdings, Inc.
[{"type":"text","content":"\n\n\n\nSortis Income Fund, LLC Produced a Net Annualized Return of 10.54%* During the Second Quarter of 2021\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSortis Income Fund, LLC Produced a Net Annualized Return of 10.54%* During the Second Quarter of 2021\nPR Newswire\nPORTLAND, Ore., Aug. 20, 2021\n\n\n\nPORTLAND, Ore., Aug. 20, 2021 /PRNewswire/ -- Sortis Holdings, Inc. (SOHI), a Portland, Oregon-based alternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.54%* during the second quarter 2021. The Sortis Income Fund (SIF) is an unleveraged mortgage fund, which focuses on short-term notes that are collateralized by real estate.\n\n \n \n \n \n \n \n\n \n\"We are pleased with the continued growth of a fully deployed Sortis Income Fund, in an environment where our lending pipeline continues to exceed our capital. We take pride in delivering over a 10% net yield to our investors, while maintaining a loan portfolio with an average loan-to-value of 62%.  Our focus has always been on principal protection with a fundamental focus on conservative underwriting,\" noted Jef Baker, SIF managing director.\n\"Our strong Q2 performance included the successful resolution of two non-performing loans. Our deep experience with distressed assets coupled with our conservative 1st position lien on real estate collateral resulted in each loan generating a higher yield than what was projected at the time of origination. The most recent quarter also benefitted from our ability to generate deal flow through our extensive networks. Five of the six transactions were either direct deals or repeat Borrowers, allowing us to offer better pricing, efficient execution timelines, reduced fees paid to middleman, all while maintaining above market yields for our investors,\" said Sam Ross, SIF managing director.\nThe Sortis Income Fund and its other investment offerings are accessible via major national investment platforms or directly from Sortis Holdings at www.sortis.com/funds.\nRecent SIF Net Annualized Returns\n10.5% d...