Sortis Income Fund Delivers Ninth Consecutive Quarter of Returns That Exceed Targets

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    PORTLAND, Ore.–(BUSINESS WIRE)–Sortis Income Fund, LLC announced today an 11.33% net annualized return
    to its investors for the first quarter of 2019. The Sortis Income Fund,
    a real estate mortgage fund that holds short-term notes collateralized
    by real estate, is managed by Sortis Holdings Inc. (SOHI) and its wholly
    owned subsidiary, Sortis Financial, Inc.

    “Although the primary focus of this fund is capital preservation, we’ve
    delivered nine consecutive quarter of earnings that exceed our 10%
    target,” said Jef Baker, Fund Officer. “We’ve been able to deliver
    attractive yields to investors while maintaining conservative
    loan-to-values on short-term real estate loans.”

    The fund returned 12.24% to investors on an annualized basis in 2017,
    and 11.12% on an annualized basis for 2018, exceeding the fund’s 10% to
    11% target return for investors. The fund is accessible via the Fidelity
    Wealthscape platform or directly from Sortis Holdings at www.sortisholdings.com/funds.

    “With the high returns, our number one goal of investor principal
    protection is continuing to be maintained through our average 65% loan
    to value, first-position real estate portfolio, and an average maturity
    of eight months or less,” said Morgan Smith, Fund Officer. “We source,
    underwrite and originate our loans through our nationally licensed
    lender, Sortis Financial, Inc, and as a result of our conservative and
    compliant underwriting processes, we have experienced zero foreclosures
    since our inception.”

    The Sortis Income Fund, LLC is an unlevered real estate note fund that
    allows quarterly distributions or reinvestment at investor discretion.
    Liquidity is also available after an initial six months, subject to
    short term loan maturities in its portfolio. Sortis recently extended
    their reach into the real estate equity world with the launch of their
    Opportunity Zone Fund.

    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 Holdings is a private investment firm with a primary 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 real estate with a
    focus on the Western U.S. Since real estate and financial markets are
    constantly evolving, the firm’s ability to move between asset classes
    and positions in the capital stack makes it more nimble than its
    competitors. For example, Sortis launched an Opportunity Zone Fund in
    January 2019, created to take advantage of the Tax Cuts and Jobs Act,
    which allows accredited investors to benefit from one of the best
    capital gains tax reduction programs in a generation. 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 SortisHoldings.com.

    Contacts

    Jef Baker
    Sortis Income Fund, LLC Officer
    Phone: 503-512-5432
    E-mail:
    [email protected]