PORTLAND, Ore. – Aug. 26, 2019 –
The Sortis Income Fund has been approved by Charles Schwab and is now accessible to registered investment advisors and broker-dealers via the Charles Schwab Advisor Center technology platform.
The Sortis Income Fund, a $100 million real estate mortgage fund that holds short-term notes collateralized by real estate, is managed by Sortis Holdings Inc. (SOHI). “The primary focus of this fund is principal protection, but we’re pleased that we’ve been able to deliver attractive yields to investors while maintaining conservative loan-to-value ratios on short-term real estate loans,” said Jef Baker, Sortis Income Fund managing director.
Sortis Holdings in July announced an 11.45% net annualized return to its investors for the second quarter of 2019, and an 11.39% net annualized return for the year to date. The fund returned 12.24% to investors on an annualized basis in 2017, and 11.12% on an annualized basis in 2018, exceeding the fund’s 10% to 11% target return for investors.
Charles Schwab’s technology platform connects registered investment advisors with clients through streamlined tools and flexible integration with numerous third-party platforms. Beyond improving efficiency and crunching numbers, Schwab’s platform emphasizes the importance of a seamless advisor and client connection, with the goal of allowing advisors to anticipate client needs, make faster and smarter recommendations, and increase business efficiency.
“Schwab’s Advisor Center now enables investment professionals to access the Sortis Income Fund, which just posted its 10th consecutive quarter of exceeding target returns,” said Baker. “At Sortis, we continue to generate significant high-quality loan deal flow. Matching that deal flow with an expanding investor base through the Schwab platform is a perfect fit.”
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. and it’s wholly-owned subsidiary, Sortis Financial, Inc. The fund conservatively focuses on holding real estate loans. Loans are originated and serviced by Sortis Financial, Inc., a nationally licensed servicer, originator and debt collector. Sortis has developed a broad network over years in banking and finance with deep roots in the Northwest and has earned a reputation as a high-quality private lender that can execute efficiently.
About Sortis Holdings
Sortis is a leading private investment firm specializing in alternative asset classes with a focus on real estate, both as a lender and direct investor. With its roots as a former bank holding company, Sortis has evolved into a diversified firm that both lends and opportunistically invests in the Western U.S. with a focus on Pacific Northwest. Sortis manages the $100M Sortis Opportunity Zone Fund, $100M Sortis Income Fund and the $10M Sortis Growth Venture Fund. Operating under the principles of sustainability, client focus, integrity, hard work and creativity, Sortis provides its accredited investors with expertly managed alternate investment strategies. Further information is available at www.sortis.com.