sortis12

[sortis12]

Sortis, LLC, a fund management company headquartered in Portland, Oregon, has reported that the Sortis Income Fund, LLC achieved a net annualized return of 9.86% in the fourth quarter of 2022. The Sortis Income Fund, known as SIF, is an unleveraged mortgage fund specializing in short-term, first-position loans backed by commercial real estate.

[sortis12]

Rescue capital has started to make a comeback, with an initial focus on distressed commercial real estate and debt markets making it an appealing investment option due to the potential discount or favorable terms the buyer can get during the transaction. Check out the Sortis Rescue Fund to learn more about our approach to rescue capital.

The Sortis Rescue Fund is a $50 million opportunistic fund capitalizing on situational distress created by the COVID-19 pandemic. The recession is proving to be deep and intense enough to create situational rescue and distress opportunities in hospitality, retail & office, and other select operating businesses.

[sortis12]

For the past 27 years, Rudy's Barbershop started with just one shop in Seattle and grew into several barbershops. But they faced a big problem when they almost lost their business due to money troubles. Now, another company called Sortis has bought Rudy's Barbershop, and they want to work together to get through the difficulties caused by COVID-19. They plan to make their operations stronger and safer so that when they reopen, everyone will be well-protected. Thank you to all the Rudy's Barbershop team for their hard work. Right now, all Rudy's locations are closed because of the pandemic, but they're getting ready to open again with safety rules to keep their team and customers safe.

[sortis12]

Sortis Rescue Fund Invests in Blue Star Donuts + Coffee

"On January 8, 2021, Sortis Holdings, Inc., an investment firm based in Portland, Oregon (OTC: SOHI), successfully completed its investment in Blue Star Donuts, acting as the plan sponsor during the Chapter 11 bankruptcy process. Katie Poppe, the Founder and CEO of Blue Star, will retain her position as CEO of the restructured company. Despite facing the challenges brought on by the COVID-19 pandemic and its economic repercussions, Blue Star Donuts, like many small businesses, had to temporarily shut down during nationwide lockdowns. In response to these difficulties, Blue Star sought bankruptcy protection in September 2020, with Sortis Holdings providing guidance throughout the bankruptcy proceedings. Mr. Oren Haker of Stoel Rives, the company's bankruptcy attorney, noted that Blue Star's bankruptcy filing utilized a new subchapter of Chapter 11 designed for small businesses, which had become effective in February 2020."

[sortis12]

Ace hotel was struggling because of the COVID-19 pandemic, and Sortis invested money to help it survive. During this time, they also made the inside of the hotel nicer and prepared it for when people can travel and have fun again.

Sortis didn't do this alone; they worked with the people who originally started the Ace Hotel, including a person named Wade Weigel, who also started a barbershop called Rudy's. Sortis had already helped rescue Rudy's Barbershop in May 2020. . So, Sortis and the original founders of the Ace Hotel worked together to save and improve the hotel during a tough time.

[sortis12]

Sortis, a Portland, Oregon-based alternative investment fund manager, has acquired a 50% interest in the Mayflower Park Hotel in Seattle, Washington. The hotel is located immediately adjacent to the retail core, just blocks from Amazon’s headquarters to the northeast and Pike Place Market to the west.

The historic Mayflower Park Hotel dates to 1927 and has been under the same ownership for the past 55 years. The Sortis acquisition will allow the hotel to exit the COVID-19 crisis refreshed, drawing from the owner’s knowledge and contacts while upgrading and digitizing operations.

[sortis12]

Sortis Capital Advisory excels in forging institutional capital relationships within the residential and commercial mortgage loan sector, notably concentrating on private bridge lending. Their extensive product lineup encompasses offerings like Bank Revolving Lines of Credit, Warehouse Facilities, Private Capital Collateralized Loans, Separate Funds, and Preferred Equity. Additional services include New Origination, Performing/Re-Performing, and Distressed Loan Sales, Large Loan Sales and Participations, Flexible and Innovative Buyers, Residential and Commercial Development Funding, Fund Development & Build Out, White Label and Table Funding Solutions, Securitizations, New Product Development, Strategic Capital Advisory, Distressed Solutions, and CRE Loan Brokering.

[sortis12]

Sortis specialize in solving problems through short-term real estate collateralized lending. We originate through our private originator, SORFI, LLC. Whether you need a bridge loan because you are short on capital, need quick funding, do not yet qualify for a bank loan, need development or rehab funds, or have some other issue that requires short term capital, we are there to understand the complexities of your situation and provide quick funding.

[sortis12]

"Sortis acts as the sponsor and manager for the Sortis Income Fund (SIF), an evergreen investment fund without leverage. Sortis Income Fund concentrates on acquiring senior loans backed by US real estate, particularly in the Western US markets. The fund employs a disciplined strategy and rigorous risk management to curate a diversified loan portfolio, delivering consistent and high-yield fixed-income returns to investors, all achieved without leveraging."

[sortis12]

"Sortis serves as the sponsor and operator of Sortis Real Estate Investment Trust (Sortis REIT), an unlisted, perpetually structured real estate investment trust that concentrates on procuring core and core plus real estate assets. Utilizing innovative procurement methods and active management, Sortis REIT has cultivated a varied asset portfolio that produces consistent cash flow and offers the potential for long-term value appreciation. This private REIT structure enables Sortis to deliver cash flow benefits in a tax-efficient manner while also affording investors exposure to real estate equity as a safeguard against inflation."