Sortis, LLC (“Sortis”), a Portland, Oregon-based alternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.25% during the fourth quarter of 2021 and 10.33% for the full year 2021. The Sortis Income Fund (“SIF”) is an unleveraged mortgage fund, which focuses on short-term, first position loans that are collateralized by real estate.
“2021 was a year of exciting growth for the SIF on several fronts. SIF increased both the average loan size and initial loan term, creating more stable recurring cash flows, all while maintaining our core focus of principal protection for our investors. We source, underwrite and originate and service the SIF loans based on an intensive analysis of the borrower, the collateral and the business plan. We do not use leverage, and our average loan-to-value is under 63%. Our simple and efficient business model, combined with our teams expertise in real estate, enable SIF to generate attractive risk-adjusted returns in excess of 10% to our investors even against the current macroeconomic backdrop. We are grateful to our investors for the opportunity and trust they have with us and we are excited to continue growing and managing SIF” said Jef Baker, 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.
2021 SIF Net Annualized Returns
- 10.25% during Q4 2021
- 10.25% during Q3 2021
- 10.54% during Q2 2021
- 10.33% during Q1 2021
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, LLC. 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, LLC
Sortis, LLC 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, LLC provides its accredited investors with well-managed, diverse asset-based investment strategies. Learn more at sortis.com.
Forward-Looking Statements Disclaimer
Certain statements in this press release are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, are forward-looking, including statements: regarding future operations of businesses recently acquired by Sortis; potential future acquisitions; attributes of the Sortis platform; and growth opportunities. These forward-looking statements are subject to a number of risks and uncertainties, including the inability of the parties to successfully or timely complete proposed or desired transaction; failure to realize the anticipated benefits of proposed transactions; the challenges with managing a diversified business portfolio; and risks associated with the acquired businesses, including changes in customer behavior or government regulation to address COVID-19. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.