Our assets consist of short-term, hard money loans on single-family houses and land located in states with strong demand for new housing supply and increasing population pressure. In short, we focus on the states that people are moving to.
Active Portfolio
As of December 2023, our Active Portfolio is located in these states.
| State | % of portfolio |
|---|---|
| Texas | 57% |
| North Carolina | 27% |
| Florida | 8% |
| Tennessee | 6% |
| Other states | 2% |
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Historical Portfolio
Since inception in 2012, we’ve made property loans in over 20 states. Below is a list of our Paid Off loans by state along with the amount of capital that we had previously deployed into each state. Over the past several years we have steadily reduced our lending in Florida in order to focus more on Texas and North Carolina.
| State | Amount | Percent |
|---|---|---|
| Florida | 50,939,364 | 24.5% |
| North Carolina | 41,000,636 | 19.7% |
| Texas | 37,015,609 | 17.8% |
| Illinois | 25,901,467 | 12.5% |
| Oregon | 19,105,021 | 9.2% |
| Tennessee | 11,510,801 | 5.5% |
| Minnesota | 5,039,851 | 2.4% |
| Washington | 4,517,440 | 2.2% |
| New York | 3,139,730 | 1.5% |
| Georgia | 2,800,156 | 1.3% |
| Ohio | 2,345,493 | 1.1% |
| Colorado | 1,514,200 | 0.7% |
| Arizona | 900,000 | 0.4% |
| District of Columbia | 878,990 | 0.4% |
| Virginia | 371,801 | 0.2% |
| Oklahoma | 175,186 | 0.1% |
| Connecticut | 150,000 | 0.1% |
| Pennsylvania | 143,600 | 0.1% |
| Other States | 305,674 | 0.1% |
| 207,755,019 | 100% |