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Sortis Income Fund Delivers 10th Consecutive Quarter of Returns That Exceed Target

PORTLAND, Ore. – July 30, 2019 – Sortis Income Fund LLC announced an 11.45% net annualized return to its investors for the second quarter of 2019, and an 11.39% net annualized return year-to-date. 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). The fund returned 12.24% to investors on an annualized basis in 2017, and 11.12% on an annualized basis … Continued

Sortis Income Fund available on Fidelity Wealthscape platform

PORTLAND, Ore. – March 20, 2019 – The Sortis Income Fund has been approved by Fidelity and National Financial Services and is now accessible to registered investment advisors and broker-dealers via the Fidelity Wealthscape technology platform. The Sortis Income Fund, a $100M 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. “The primary focus of this fund is principal … Continued

Merchants Bancorp Completes Sale of Bank and Merger with Sortis

Merchants Bancorp and its wholly owned subsidiary MBank has completed the sale of its’ banking assets to Riverview Community Bank. Riverview has acquired approximately $116 million in assets from Merchants Bancorp. The three MBank branch offices, in Gresham, Portland and Lake Grove, will become Riverview branches when the transaction closes. Subsequent to the transaction closing, Merchants has agreed to merge with Sortis, a Portland based private lender and advisory firm. The newly combined firm will … Continued

Sortis Holdings acquires ClearSpring Loan Services

Sortis Holdings Inc. (SOHI) has acquired ClearSpring Loan Services, a special servicer headquartered in Dallas, Texas. ClearSpring has more than $2 billion in assets under management and is a currently vendor for top-tier banks, hedge funds, private investors and government-sponsored enterprises. The company is licensed in all 50 states as a mortgage servicer and debt collector and holds mortgage origination licenses in 35 states. Sortis Holdings will integrate its existing servicing business and its recently … Continued

Sortis completes strategic partnership with Mobile Capital Group

Sortis Holdings Inc (SOHI), a holding company that invests in financial technology, has completed a strategic partnership with Mobile Capital Group, a mobile virtual card app that powers specialty finance companies with the instantaneous delivery of cash to the customer. Few financial partners are in a regulatory position to support compliant financing activity on a national scale. Sortis’ ready-made regulatory and operational lending origination platform in connection with its servicing operations, has the ability to … Continued