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Sortis Income Fund Produces Net Annualized Return of 10.2% During Q2 2020
Sortis Income Fund Produces Net Annualized Return of 10.2% During Q2 2020.
About this update from Sortis Holdings, Inc.
[{"type":"text","content":"\n Portland, OR, July 09, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sortis Holdings, Inc. (SOHI), a Portland, Oregon-based alternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.2%* during the second quarter 2020. The Sortis Income Fund (SIF) is an unleveraged mortgage fund, which focuses on short-term notes that are collateralized by real estate. Despite the volatility seen across the financial markets, the Sortis team continues to see the SIF loans performing well and is confident in the underlying notes and their respective collateral. “Not only are we seeing strong performance in our current loan portfolio given our average 65% loan-to-value 1st position on real estate collateral, but we are seeing tremendous demand for real estate financing at very attractive terms for our investors,” notes Jef Baker, SIF managing director.  With management’s well-disciplined underwriting practice and track record the Sortis Income Fund continues to grow, despite the COVID-19 environment. “We were early to recognize the pattern we’ve seen in previous cycles and we accumulated cash in the first quarter of this year in anticipation of strong loan demand developing out of distress.  Sure enough, in the second quarter we have been able to carefully select attractive real estate loans with better yields and terms than in previous quarters, driving a double digit return to our investors.” The current economic environment has not only generated strong demand for real estate financing but has also allowed Sortis to launch its sixth fund, the Sortis Rescue Fund (SRF).  The SRF focuses on distress and will capitalize on “once-in-a-cycle” real estate and business opportunities created as a result of the COVID-19 outbreak. The 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. About Sortis Income Fund LLC  Sortis Income Fund is an evergreen real estate loan fund offered through private placement to accredited investors. The fund is managed by Sortis Holdings Inc. The fund has a conservative focus on holding real estate loans. Sortis, with deep roots in the Northwest, has...