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.
“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.
“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.
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.
Recent SIF Net Annualized Returns
About Sortis Income Fund
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 developed a broad network over many years in banking and finance and has earned a reputation as a high-quality private lender that can execute efficiently.
About Sortis Holdings, Inc.
Sortis Holdings (OTC: SOHI) is a leader in diversified alternative investment strategies focused on real estate, lending, distress situations and rescue opportunities. Sortis Funds include the Sortis Rescue Fund, the Sortis Income Fund, and the Sortis Opportunity Zone Fund. Operating under the principles of client focus, integrity, hard work and creativity, Sortis Holdings provides its accredited investors with well-managed, diverse asset-based investment strategies. Learn more at sortis.com.