Based on investing over 5 quarters to achieve optimal diversification, an investor owning 10% of each of ICA’s loans would have achieved the following diversification:
Average Loan Size | $150,000 |
Maximum Loan | $300,000 |
Minimum Loan | $75,000 |
Number of States | 20-25 |
Largest Concentration | 20% |
Number of Property Types | 8-10 |
Largest Concentrations | 30% Retail |
20% Office | |
Number of Loans | 70-100 |
An investor in all ICA Loans would achieve the following diversification: