Sortis Income Fund, LLC Produced a Net Annualized Return of 10.54%* During the Second Quarter of 2021

Rhea-AI Summary

Sortis Holdings (SOHI) announced a net annualized return of 10.54% for the Sortis Income Fund (SIF) during Q2 2021. The fund focuses on short-term notes collateralized by real estate and has maintained an average loan-to-value ratio of 62%. Highlights include the resolution of two non-performing loans and a lending pipeline that exceeds capital. The fund's recent performance, aided by its extensive networks, allows for better pricing and reduced fees.

Recent annualized returns include 10.3% for Q1 2021 and 9.5% for Q4 2020.

Positive

• Net annualized return of 10.54% in Q2 2021.
• Successful resolution of two non-performing loans.
• Maintained average loan-to-value of 62%.
• Ability to generate above-market yields through extensive networks.

Negative

• None.

PORTLAND, 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.

"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 1^st 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

• 10.5% during Q2 2021
• 10.3% during Q1 2021
• 9.5% during Q4 2020
• 10.0% during Q3 2020

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.

This release contains statements that constitute forward-looking statements. Investors are cautioned that any such 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 the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Sortis' disclosure documents and filings. This announcement does not constitute an offer to sell any securities. Any offer will be made only by means of an offering memorandum. This announcement is not for release in any jurisdiction other than the United States.

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SOURCE Sortis Holdings

FAQ

What was the net annualized return for Sortis Income Fund (SOHI) in Q2 2021?

The net annualized return for Sortis Income Fund (SOHI) in Q2 2021 was 10.54%.

What is the average loan-to-value ratio for Sortis Income Fund (SOHI)?

The average loan-to-value ratio for Sortis Income Fund (SOHI) is 62%.

What factors contributed to Sortis Income Fund's (SOHI) strong Q2 performance?

The strong Q2 performance was attributed to the resolution of two non-performing loans and an effective lending pipeline.

How does Sortis Income Fund (SOHI) ensure competitive yields for investors?

Sortis Income Fund (SOHI) ensures competitive yields through direct deals and a strong network that reduces fees.

What were the previous net annualized returns for Sortis Income Fund (SOHI)?

Previous returns include 10.3% for Q1 2021 and 9.5% for Q4 2020.