2022 saw constant volatility in the stock market, rising interest rates, political unrest, and the start of the war in Ukraine. Despite all of this, the ZINC Income Fund remained a reliable investment option delivering an 8.24% cash on cash return.
For fourth quarter, the fund delivered an 8.22% annualized yield while maintaining its strict borrower profile. The fund remains well diversified with 91 loans, 75 of those in California, an average loan size of $289,000, a 62.13% average loan to after repaired value and an average borrower FICO score of 712.
Overall, the fund continues to deliver for investors. Since Inception, the fund has provided over $57 million across 212 loans distributing an annualized return of 8.13%.