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Sortis Holdings Inc (CE)

Sortis Holdings Inc (CE) (SOHI)

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Closed June 04 4:00PM

SOHI Discussion

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grantastic grantastic 6 months ago
Easy come, easy go. share price back to where it was 4 years ago.

No idea how successful Sortis has been or will be with its conglomeration of assorted businesses, and I imagine shareholders are similarly unaware since the stock has gone dark.
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grantastic grantastic 2 years ago
Turns out I made the right call for the wrong reasons.

This pivot to speculating in small businesses is way different than their original core business of fund management.

Seems like management decided to keep all the juicy reliable fund management fees to themselves, and will take a flyer gambling investors' money on these random businesses.

Good luck to anyone who's holding shares, hopefully you're paying attention that your risk profile just jumped through the roof.

I'm inclined to think SOHI is worth investing in if you can find the right entry point & are willing to wait out the long term.
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fink fink 3 years ago
Just went current again today..
Made me look.

Doughnuts in Portland?
Think I’ll pass on that he’ll hole.
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AskMuncher AskMuncher 3 years ago
$SOHI Sortis Income Fund, LLC Produced a Net Annualized Return of 10.54%* During the Second Quarter of 2021
Press Release | 08/24/2021
Sortis Income Fund, LLC Produced a Net Annualized Return of 10.54%* During the Second Quarter of 2021
PR Newswire

PORTLAND, Ore., Aug. 20, 2021

PORTLAND, Ore., Aug. 20, 2021 /PRNewswire/ -- Sortis Holdings, Inc. (SOHI), a Portland, Oregon-based alternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.54%* during the second quarter 2021. The Sortis Income Fund (SIF) is an unleveraged mortgage fund, which focuses on short-term notes that are collateralized by real estate.

Sorts Income Fund annualized yield, net to investors

"We are pleased with the continued growth of a fully deployed Sortis Income Fund, in an environment where our lending pipeline continues to exceed our capital. We take pride in delivering over a 10% net yield to our investors, while maintaining a loan portfolio with an average loan-to-value of 62%. Our focus has always been on principal protection with a fundamental focus on conservative underwriting," noted Jef Baker, SIF managing director.

"Our strong Q2 performance included the successful resolution of two non-performing loans. Our deep experience with distressed assets coupled with our conservative 1st position lien on real estate collateral resulted in each loan generating a higher yield than what was projected at the time of origination. The most recent quarter also benefitted from our ability to generate deal flow through our extensive networks. Five of the six transactions were either direct deals or repeat Borrowers, allowing us to offer better pricing, efficient execution timelines, reduced fees paid to middleman, all while maintaining above market yields for our investors," said Sam Ross, SIF managing director.

The Sortis Income Fund and its other investment offerings are accessible via major national investment platforms or directly from Sortis Holdings at www.sortis.com/funds.

Recent SIF Net Annualized Returns

10.5% during Q2 2021
10.3% during Q1 2021
9.5% during Q4 2020
10.0% during Q3 2020
About Sortis Income Fund
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. The fund has a conservative focus on holding real estate loans. Sortis, with deep roots in the Northwest, has developed a broad network over many years in banking and finance and has earned a reputation as a high-quality private lender that can execute efficiently.

About Sortis Holdings, Inc.
Sortis Holdings (OTC: SOHI) is a leader in diversified alternative investment strategies focused on real estate, lending, distress situations and rescue opportunities. Sortis Funds include the Sortis Rescue Fund, the Sortis Income Fund, and the Sortis Opportunity Zone Fund. 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 sortis.com.

This release contains statements that constitute forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the issuer's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Sortis' disclosure documents and filings. This announcement does not constitute an offer to sell any securities. Any offer will be made only by means of an offering memorandum. This announcement is not for release in any jurisdiction other than the United States.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sortis-income-fund-llc-produced-a-net-annualized-return-of-10-54-during-the-second-quarter-of-2021--301362177.html
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grantastic grantastic 3 years ago
I'm inclined to think SOHI is worth investing in if you can find the right entry point & are willing to wait out the long term.
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grantastic grantastic 3 years ago
Interesting stock. I'm surprised to see it jump 350% over the past year or so.

Based on my very limited knowledge of their business, I wonder why they are even public.

Might be worthwhile trying to figure out what the public capitalization was for.
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AskMuncher AskMuncher 3 years ago
$SOHI Sortis Holdings, Inc. Invests in Blue Star Donuts
Press Release | 01/11/2021
Sortis Holdings, Inc. Invests in Blue Star Donuts
PR Newswire

PORTLAND, Ore., Jan. 11, 2021

PORTLAND, Ore., Jan. 11, 2021 /PRNewswire/ -- Sortis Holdings, Inc., (OTC: SOHI), finalized its investment in Blue Star Donuts as the plan sponsor out of Chapter 11 bankruptcy. Blue Star Founder and CEO Katie Poppe will continue as CEO of the restructured company.

Forced to close temporarily during COVID-19 nationwide shutdowns, Blue Star filed for bankruptcy protection in September 2020 with Sortis on board guiding the company through bankruptcy proceedings. The company's lawyer Mr. Oren Haker says, "Blue Star's bankruptcy filing included the use of a subchapter of chapter 11 focused on small businesses which came into effect in February 2020."

A hearing held November 23, 2020 in Portland approved the plan that brings Blue Star, a cherished Portland gourmet donut brand, back from a COVID-19 induced crisis. In addition to the investment, restructure terms prioritized retaining leadership and core stakeholders and working with the Blue Star team to provide support and resources where needed.

"I appreciate the trust and faith that Paul and Sortis have in me and my vision for Blue Star," said Poppe. "They listened to what was important to me, and put their money where their mouth is. Maintaining women-majority ownership and folding in some of our key staff stakeholders was essential to me, and I'm thrilled to be able to expand the ownership structure as we rebuild."

"Similar to the Sortis Rescue Fund's past few investments, it's great brands with a unique strategy like Blue Star that can thrive in a new era of retail post pandemic," says Paul Brenneke, Sortis' Executive Chairman. "We were especially intrigued by the potential for wholesale and e-Commerce channels in addition to the opportunity to help preserve a beloved Portland business and the culture it represents."

With a loyal customer base since 2012, Blue Star has 7 locations across the West Coast. The pandemic induced a pivot in the business plan to focus on wholesale to grocery that has led to their products being carried at more than 20 retail outlets so far. Blue Star has demonstrated its ability to adapt to e-Commerce as retail rapidly evolves.

About Sortis Rescue Fund, LLC
Sortis Rescue Fund, LLC is a Delaware limited liability company established by Sortis Fund Manager, LLC to capitalize on the dislocation and market stress in both the real estate and business markets caused by the COVID-19 global pandemic and subsequent economic fallout.

About Sortis Holdings, Inc.
Sortis Holdings (OTC: SOHI) is a leader in diversified alternative investment strategies focused on real estate, lending, distress situations and rescue opportunities. Sortis Funds include the Sortis Rescue Fund, the Sortis Income Fund, and the Sortis Opportunity Zone Fund.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Sortis Holdings, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Sortis Holdings' ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Sortis Holdings' and Sortis Rescue Fund's disclosure documents and filings.

This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction other than the United States.

Cision View original content:http://www.prnewswire.com/news-releases/sortis-holdings-inc-invests-in-blue-star-donuts-301205680.html

SOURCE Sortis Holdings

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Golden Cross Golden Cross 3 years ago
SOHI now pink current
https://www.otcmarkets.com/stock/SOHI





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AskMuncher AskMuncher 4 years ago
$SOHI Sortis Income Fund Produces Net Annualized Return of 10.02% During Q3 2020
Press Release | 10/28/2020
Portland, Oregon, Oct. 28, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Sortis Holdings, Inc. (SOHI), a Portland, Oregon-based alternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.02%* during the third quarter 2020. The Sortis Income Fund (SIF) is an unleveraged mortgage fund, which focuses on short-term notes that are collateralized by real estate.

During the third quarter, the Sortis Income Fund saw inflows of $9 million to reach a total size of $60 million, as of mid-October 2020.

“As the COVID environment continues, we are seeing great lending opportunities as well as solid portfolio performance. Banks have tightened on their lending and our leveraged competitors are facing challenges, both of which contribute to our robust lending pipeline,” noted Jef Baker, SIF managing director.

“While our unwavering focus is on protecting investor principal, especially in a volatile stock market, we do take pride in also delivering a 10% net, annualized yield to our Fund investors. Our expertise in understanding real estate as well as having an extensive background in distress gives us a unique ability to both mitigate risk while taking advantage of opportunities,” said Baker, SIF managing director and Sortis Holdings CEO.

Recent Sortis Income Fund Activity

The SIF loan portfolio continues to perform well, and while we do see some borrowers challenged with cash flow or in need of an extension (for a fee) we feel confident about the loans and the underlying collateral.

Related to RE foreclosed, we recently negotiated a deed in lieu on a Portland Condo with a loan balance of approximately $321,000. That has just been listed and we anticipate a sale in the 4th quarter given that housing market inventory is low.

We continued to have positive loan activity during the 3rd quarter. In a recent email to SIF investors we highlighted a multifamily loan we made to a borrower that was asset rich but had allowed a foreclosure to approach an auction date and needed financing quickly.

The Sortis Income Fund and its other investment offerings are accessible via major national investment platforms or directly from Sortis Holdings at www.sortis.com/funds.

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. The fund has a conservative focus on holding real estate loans. Sortis, with deep roots in the Northwest, has developed a broad network over many years in banking and finance and has earned a reputation as a high-quality private lender that can execute efficiently.

About Sortis Holdings, Inc.

Sortis Holdings (OTCBB:SOHI) is a leader in diversified alternative investment strategies focused on real estate, lending, distress situations and rescue opportunities. Top priorities include capital preservation and long-term economic growth primarily focused in the Western U.S. Sortis Funds include the Sortis Income Fund, the Sortis Opportunity Zone Fund, the Sortis Rescue Fund, and the Sortis Growth Fund. 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 sortis.com.

*Returns are based on un-audited financial results.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Sortis Holdings, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Sortis Holdings’ ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Sortis Holdings’ and Sortis Income Fund’s disclosure documents and filings.

This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction other than the United States.

IR Contact: Spotlight Growth
SOHI@spotlightgrowth.com

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AskMuncher AskMuncher 4 years ago
$SOHI Sortis Income Fund Produces Net Annualized Return of 10.02% During Q3 2020
Press Release | 10/28/2020
Portland, Oregon, Oct. 28, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Sortis Holdings, Inc. (SOHI), a Portland, Oregon-based alternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.02%* during the third quarter 2020. The Sortis Income Fund (SIF) is an unleveraged mortgage fund, which focuses on short-term notes that are collateralized by real estate.

During the third quarter, the Sortis Income Fund saw inflows of $9 million to reach a total size of $60 million, as of mid-October 2020.

“As the COVID environment continues, we are seeing great lending opportunities as well as solid portfolio performance. Banks have tightened on their lending and our leveraged competitors are facing challenges, both of which contribute to our robust lending pipeline,” noted Jef Baker, SIF managing director.

“While our unwavering focus is on protecting investor principal, especially in a volatile stock market, we do take pride in also delivering a 10% net, annualized yield to our Fund investors. Our expertise in understanding real estate as well as having an extensive background in distress gives us a unique ability to both mitigate risk while taking advantage of opportunities,” said Baker, SIF managing director and Sortis Holdings CEO.

Recent Sortis Income Fund Activity

The SIF loan portfolio continues to perform well, and while we do see some borrowers challenged with cash flow or in need of an extension (for a fee) we feel confident about the loans and the underlying collateral.

Related to RE foreclosed, we recently negotiated a deed in lieu on a Portland Condo with a loan balance of approximately $321,000. That has just been listed and we anticipate a sale in the 4th quarter given that housing market inventory is low.

We continued to have positive loan activity during the 3rd quarter. In a recent email to SIF investors we highlighted a multifamily loan we made to a borrower that was asset rich but had allowed a foreclosure to approach an auction date and needed financing quickly.

The Sortis Income Fund and its other investment offerings are accessible via major national investment platforms or directly from Sortis Holdings at www.sortis.com/funds.

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. The fund has a conservative focus on holding real estate loans. Sortis, with deep roots in the Northwest, has developed a broad network over many years in banking and finance and has earned a reputation as a high-quality private lender that can execute efficiently.

About Sortis Holdings, Inc.

Sortis Holdings (OTCBB:SOHI) is a leader in diversified alternative investment strategies focused on real estate, lending, distress situations and rescue opportunities. Top priorities include capital preservation and long-term economic growth primarily focused in the Western U.S. Sortis Funds include the Sortis Income Fund, the Sortis Opportunity Zone Fund, the Sortis Rescue Fund, and the Sortis Growth Fund. 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 sortis.com.

*Returns are based on un-audited financial results.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Sortis Holdings, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Sortis Holdings’ ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Sortis Holdings’ and Sortis Income Fund’s disclosure documents and filings.

This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction other than the United States.

IR Contact: Spotlight Growth
SOHI@spotlightgrowth.com

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AskMuncher AskMuncher 4 years ago
$SOHI Sortis Holdings Announces Results for Second Quarter 2020
Press Release | 08/18/2020


Company Continues Trend of Profitability in 2020



Portland, OR, Aug. 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sortis Holdings, Inc. (OTC PINK: SOHI), a diversified investment firm, today announced results for the second quarter of 2020. For the quarter ending June 30, 2020, Sortis Holdings reported total revenue of $1,232,656 and net income of $586,958 or around $0.04 earnings per share.

Management Commentary

Jef Baker, President and Chief Executive Officer, stated: "Sortis Holdings now has a stable, growing level of assets under management that provide a predictable and ongoing source of revenue. Since the sale of our Bank in 2017 and the subsequent building of our Company, we have back-to-back quarters of profitability, and our business continues to grow. While the current impact of COVID-19 on our economy is devastating, we are built for a distressed environment. Our experience through the Great Recession has not only validated the efficacy of our conservative approach in our Fund Management practices, but has also allowed us to launch the Sortis Rescue Fund during the second quarter focused on acquiring distressed assets.”

Recent Developments

In July 2020, Sortis announced the second quarter returns for its Sortis Income Fund, a real-estate debt fund, which produced net, annualized yields to investors of 10.2%. The Sortis Income Fund is an unleveraged mortgage fund, which focuses on short-term notes that are collateralized by real estate.

During the second quarter Sortis Holdings completed the acquisition of Rudy’s Barbershop out of bankruptcy, bringing ownership back to its roots in the Pacific Northwest. The acquisition was made in connection with the Sortis Rescue Fund, private investments and resulted in an ownership stake for Sortis Holdings.

“What intrigued us most beyond the investment itself was the opportunity to help preserve an iconic Seattle business and the culture it represented,” says Executive Chairman Paul Brenneke. “It’s these small to mid-sized companies with unique visions and customer experiences that can thrive in a new era of retail post-pandemic.”

As exciting as the results of the second quarter have been, to-date in the third quarter we have completed a second acquisition out of bankruptcy, Bamboo Sushi, which previously received backing from the Bain Capital Double Impact and Kitchen Fund. “We are thrilled to bring our team’s experience, ideas, and energy to the Bamboo Sushi brand,” said Paul Brenneke. “Bamboo Sushi was built on a thoughtful approach to dining, food sourcing, and growth. It had poor timing for its rapid growth opening four restaurants in the months prior to the pandemic’s global economic impact, but it’s the kind of company that we believe will survive and thrive in a post-pandemic world.”

About Sortis Holdings, Inc.

Sortis Holdings, Inc. (OTC PINK: SOHI) is a leader in diversified alternative investment strategies. Focused on real estate, distress and rescue opportunities, and high potential consumer-focused private equity, Sortis leverages creative thinking to create ecosystems in which all partners align under common goals for gain. Top priorities include capital protection and the long-term economic growth and revitalization of the Pacific Northwest. In the most harrowing economic climate of the digital age, Sortis continues to innovate, manifest opportunity, and create meaningful returns for its partners and investors.

*Returns are based on un-audited financial results.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Sortis Holdings, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Sortis Holdings’ ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Sortis Holdings’ and Sortis Income Fund’s disclosure documents and filings.

This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction other than the United States.
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AskMuncher AskMuncher 4 years ago
$SOHI Sortis Income Fund Produces Net Annualized Return of 10.2% During Q2 2020
Press Release | 07/09/2020
Portland, OR, July 09, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sortis Holdings, Inc. (SOHI), a Portland, Oregon-based alternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.2%* during the second quarter 2020. The Sortis Income Fund (SIF) is an unleveraged mortgage fund, which focuses on short-term notes that are collateralized by real estate.

Despite the volatility seen across the financial markets, the Sortis team continues to see the SIF loans performing well and is confident in the underlying notes and their respective collateral.

“Not only are we seeing strong performance in our current loan portfolio given our average 65% loan-to-value 1st position on real estate collateral, but we are seeing tremendous demand for real estate financing at very attractive terms for our investors,” notes Jef Baker, SIF managing director.

With management’s well-disciplined underwriting practice and track record the Sortis Income Fund continues to grow, despite the COVID-19 environment. “We were early to recognize the pattern we’ve seen in previous cycles and we accumulated cash in the first quarter of this year in anticipation of strong loan demand developing out of distress. Sure enough, in the second quarter we have been able to carefully select attractive real estate loans with better yields and terms than in previous quarters, driving a double digit return to our investors.”

The current economic environment has not only generated strong demand for real estate financing but has also allowed Sortis to launch its sixth fund, the Sortis Rescue Fund (SRF). The SRF focuses on distress and will capitalize on “once-in-a-cycle” real estate and business opportunities created as a result of the COVID-19 outbreak.

The Sortis Income Fund and its other investment offerings are accessible via major national investment platforms or directly from Sortis Holdings at www.sortis.com/funds.

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. The fund has a conservative focus on holding real estate loans. Sortis, with deep roots in the Northwest, has developed a broad network over many years in banking and finance and has earned a reputation as a high-quality private lender that can execute efficiently.

About Sortis Holdings, Inc.

Sortis Holdings (OTCBB:SOHI) is an investment firm with a primary focus on real estate, both as a lender and as a direct investor. From its origins as a 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 nimbler than its competitors. For example, Sortis has launched an Opportunity Zone Fund focused on Northwest real estate projects, created to take advantage of a provision in 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 sortis.com.

*Returns are based on un-audited financial results.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Sortis Holdings, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Sortis Holdings’ ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Sortis Holdings’ and Sortis Income Fund’s disclosure documents and filings.

This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction other than the United States.

IR Contact: Spotlight Growth
SOHI@spotlightgrowth.com

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Porterhouse10 Porterhouse10 4 years ago
So much volume for this POS, now they promoting on FB, LMAO
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Lazarus Lazarus 4 years ago
Edit --- should read "this turd"
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Lazarus Lazarus 5 years ago
Well, this turn finally managed to make some money.

Anybody here bother to look at their last financial report

By my calculations they made around .05 per share in earnings.

I'm underwater on my shares -- maybe they'll turn this dog around after all.
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Lazarus Lazarus 5 years ago
YES, and the reason this turd is tanking is because since that report stockholder equity has dropped to :

$1,400,819

IN JUST 3 MONTHS.

THEY LOST $ 2,258,259

in March of 2017 they had OVER $8 MILLION IN CASH

IN THEIR LAST REPORT (JUNE) THEY ONLY HAD $ 303,883








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Lazarus Lazarus 5 years ago
To clarify for you. Lets say you have a company X that loans hard money at 12%

Company X is poorly managed and consistently looses money.

You go to company X and they arrange a hard money of $100k loan for you at 50% LTV at 12% interest only (first position) for 2 years.

(in other words you lend $100k of your moneyfor purchase of a home valued at $200k and the buyer puts $100k down -- and you get the first trust deed.)

So now, your principle is guaranteed because you carry the first trust deed at a 50% discount to market value.

The broker who arranged the loan will charge POINTS - typically 3 to 10 - so let say the broker charged 6 points. The broker's commission is then $6000. This is the actual money that goes INTO COMPANY X for the transaction. Now the broker/agent depending - is going to make between 50 to 80% of that commission. Whatever is left over goes to company X

IOW - they could have a thriving hard money loan business /fund but that does not necessarily translate to a thriving business.

These guys have obviously made some serious errors in judgement. They have burnt though millions with nothing to show for it.











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Lazarus Lazarus 5 years ago
Income may be doing fine but the stock just can't hold its gains.

Little wonder if you read their last report

They're hemorrhaging. Lost 3.8 million in 6 months and now they're down to just a little over $300k in cash.

I just looked at their last 2 filings. From March to June they lost $2,258,260 in shareholder equity. (feel free to verify and correct me).






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trader_ron trader_ron 5 years ago
Sortis Income Fund Available on Charles Schwab Advisor Center Platform


https://www.otcmarkets.com/stock/SOHI/news/Sortis-Income-Fund-Available-on-Charles-Schwab-Advisor-Center-Platform?id=238344
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ALERTS100%to10000%GAIN ALERTS100%to10000%GAIN 5 years ago
SOHI SECURITY DETAILS
Share Structure
Market Cap
4,150,718
05/16/2019
Authorized Shares
100,000,000
05/16/2019
Outstanding Shares
13,835,725
05/16/2019
Restricted
0
05/16/2019
Unrestricted
13,835,725
05/16/2019
Held at DTC
3,870,554
05/16/2019
Float
Not Available
Par Value
No Par Value
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ALERTS100%to10000%GAIN ALERTS100%to10000%GAIN 5 years ago
Stockholders' equity
Common stock (10,309,572 shares at 3/31/19) 16,627,844
Accumulated deficit (12,968,765)
Total stockholders' equity 3,659,079
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ALERTS100%to10000%GAIN ALERTS100%to10000%GAIN 5 years ago
Total liabilities and
stockholders' equity $ 5,246,410
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ALERTS100%to10000%GAIN ALERTS100%to10000%GAIN 5 years ago
Total assets $ 5,246,410
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Lazarus Lazarus 5 years ago
I dumped my shares long ago but have recently been accumulating --- including today's buys up to .22 cents.

Looks like they have their fingers in a lot (or too many) pies. That said it's one of the very few nano-caps out there with cash and decent stock structure.

Hopefully they can execute in some of the areas they've ventured into. And hopefully they catch up on their filings.


micro-FINTECH

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Lazarus Lazarus 6 years ago
Whadayaknow? take a look now --->

Got a stop sign Pink No Information

I have a small tracking position here with very low confidence in management.






$SOHI
SOHI

Sortis Holdings
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Lazarus Lazarus 6 years ago
I can't find any info on earnings yet I see this:



Looks like they are headed for a STOP SIGN



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Lazarus Lazarus 6 years ago
RE: the THAT REPORT... this is what I noticed:

$1,785,364 for 3 months salary! How many employees do the have?

287,324 for 3 months of office space! What are they renting... the Taj Mahal!!!

Then when you compare that financial statement with the last one

Things didnt change much and they LOST over ONE MILLION In stockholder equity. That's nearly 10% in 3 quarters!

Does anyone know of ANY reason to own this stock?

Also - I see 100k shares on the offer, looks like someone wants out.

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Lazarus Lazarus 7 years ago
10/4

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Renee Renee 7 years ago
I have not read the report, Lazarus. I merely post ticker changes and other SEC and FINRA notifications for all stocks.
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Lazarus Lazarus 7 years ago
ANY COMMENTS ON THIS?

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Renee Renee 7 years ago
Merchants Bancorp, SORF, changed to Sortis Holdings Inc., SOHI:

http://otce.finra.org/DLSymbolNameChanges
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Renee Renee 7 years ago
MBNC changed to SORF:

http://otce.finra.org/DLSymbolNameChanges
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genlou genlou 8 years ago
Salty, that would be great!
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SaltyMutt SaltyMutt 8 years ago
I think you're going to do well with MBNC over the next few weeks. I wouldn't be surprised to see the pps blow up to a buck fifty.
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genlou genlou 8 years ago
MBNC earning for the year 3,835 according to the call report.
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genlou genlou 9 years ago
https://www.depositaccounts.com/banks/mbank-or.html
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BigCat BigCat 10 years ago
This is the most professional with the most positive direction I've seen in a shareholder letter or community bank in the years I've been following. Great to see the Bank Recovery Continues!!!! Onward M-Bank!!!!!
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illegal_alias illegal_alias 10 years ago
Shareholder's letter: $0.29 eps 3rd qtr. https://www.mbankonline.com/wp-content/uploads/2014/11/MB_Share_Letter_Q32014_web.pdf
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illegal_alias illegal_alias 10 years ago
https://www.mbankonline.com/
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cgw cgw 10 years ago
Mbank. (Oregon)
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brainiac54 brainiac54 10 years ago
what is the name of this company, farmers and merchants bancorp FMCB or merchants bancorp MBNC couldn't find it on a google search
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illegal_alias illegal_alias 10 years ago
Yep, they just need to get the news out. Waiting for next shareholder's letter.
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SaltyMutt SaltyMutt 10 years ago
I think you can expect that this MBNC bird is going to get tired of a small hick town like Buckville and will soon be flying off to a thriving metropolis like Mulidollarsylvania.
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BigCat BigCat 10 years ago
What a day here!!!

Congrats to all the holders of MBNC!
They're making big moves...
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genlou genlou 10 years ago
Salty, you were right.
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genlou genlou 10 years ago
illegal, nice indeed.
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illegal_alias illegal_alias 10 years ago
1.25 hit
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illegal_alias illegal_alias 10 years ago
There's a 25K block on the ask at 1.25 That will stall things for a while until news is out.
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genlou genlou 10 years ago
illegal, I am looking forward to the news letter.

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illegal_alias illegal_alias 10 years ago
Last 1.03 Big spread .81 x 1.25. MBNC was $12.40 in 2006
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