Private real estate investing
Know what the Fund owns. Know how the loans were made.
Alliance Mortgage Fund invests in private loans secured by California real estate that Alliance Portfolio originates, underwrites, and services.
The strategy focuses on current income, meaningful borrower equity, and careful loan selection. Accredited investors participate through Alliance Mortgage Fund or in individual trust deeds.
The Fund today
As of August 26, 2026
A current view of income, collateral and credit quality.
These figures provide a snapshot of how the Fund is positioned today, including portfolio size, borrower equity, current asset performance and income generation.
Why investors look here first
The goal is not just to show activity. It is to help investors understand whether the portfolio appears disciplined, income-producing and supported by real estate collateral.
$19.01M
Portfolio balance
53.3%
Weighted average LTV
94.03%
Current & Active Assets
10.12%
Portfolio yield8/26/26 lender statement
What the numbers suggest
The current portfolio combines income generation with moderate collateral leverage and a high proportion of current and active assets. Weighted average LTV ranged from approximately 51.8% to 53.5% from January through August 2026, while 94.03% of reported assets were current and active as of August 26.
Weighted average LTV, January through August 2026
Weighted average LTV · January through August 2026
Weighted average LTV stayed within an approximately 51.8% to 53.5% range from January through August 2026. At 53.3% LTV, reported property value above the Fund’s loan exposure is approximately 46.7%.
Most reported assets are current and active
Current credit condition · August 26, 2026
As of August 26, 94.03% of reported assets were current and active, including 87.27% reported current assets and 6.76% of other active or current assets. The remaining 5.97% were late or in default but still accruing interest.
Scale
As of August 26, 2026 · point in time
74
Loans listed
~$257K
Average current loan balance
Income
As of August 26, 2026 · point in time
10.12%
Point-in-time portfolio yield · 8/26/26 lender statement
$1.107M
Interest paid in 2026 through August 26
Investor experience
Trailing 12 months · ended July 2026
7.49%
Average member distribution
8.06%
Average actual blended yield
How investors can participate
If this current portfolio profile is aligned with what an investor is looking for, the next step is to understand the two ways to invest with Alliance Portfolio.
Updated with each monthly portfolio report. Point-in-time figures are as of the August 26, 2026 Alliance Mortgage Fund portfolio letter and lender statement. Trailing 12-month figures cover the 12 months ended July 2026. Point-in-time and trailing 12-month figures are different measurements and should not be read as the same metric. Actual blended yield is income generated by the loan portfolio, not an investor return. Past performance does not indicate future results and returns are not guaranteed.
Ways to invest
Two ways to participate in real estate lending.
Investors can choose a diversified fund structure or direct participation in select loans, depending on their goals, preferences and level of involvement.
Why investors care.
Income
Borrowers pay interest for as long as a loan is outstanding, and that interest is what an investor receives. The income does not wait for a sale or depend on a property appreciating.
Borrower equity
Loans are written well below what the property is worth, so borrower equity stands between the loan and the value of the collateral.
Consistency
The Fund has paid monthly distributions without a missed payment since 2013, and every loan is written to a defined term and a defined exit rather than to a forecast.
Why Alliance Portfolio?
- We know the markets.
- Three decades of lending against California real estate provide context that cannot be reduced to a spreadsheet.
- We underwrite the downside.
- Property value, borrower equity, lien position, purpose, structure, timing and exit all matter before capital goes out.
- We stay involved.
- Alliance Portfolio originates, underwrites, funds, services and follows loans through repayment.
Company experience.
What Alliance Portfolio has done, on its own loans.
And here is what it looks like in real investments.
Funded Alliance Portfolio transactions, with the figures each produced for the investors in them.
$399,498
Return on $5.6M invested
- 8 monthsPaid off in
- 10.00%Net rate
- First trust deedPosition
- 29%LTV
Portola Valley, California
A $5.6M first trust deed investment at 29% loan-to-value, paid off in 8 months, returning $399,498 at a 10.00% net rate.
View success story
$20,983
Return on $500K invested
- 4 monthsPaid off in
- 11.00%Net rate
- Second trust deedPosition
- 51%LTV
Newport Coast, California
A $500K second trust deed investment at 51% loan-to-value, paid off in 4 months, returning $20,983 at a 11.00% net rate.
View success story
$237,850
Return on $1M invested
- 23 monthsPaid off in
- 12.00%Net rate
- Second trust deedPosition
- 48%LTV
Newport Beach, California
A $1M second trust deed investment at 48% loan-to-value, paid off in 23 months, returning $237,850 at a 12.00% net rate.
View success story
$377,268
Return on $1.5M invested
- 36 monthsPaid off in
- 8.25%Net rate
- Second trust deedPosition
- 35%LTV
Corona del Mar, California
A $1.5M second trust deed investment at 35% loan-to-value, paid off in 36 months, returning $377,268 at a 8.25% net rate.
View success story
$97,803
Return on $975,486 invested
- 10 monthsPaid off in
- 12.00%Net rate
- Second trust deedPosition
- 52%LTV
Los Angeles, California
A $975,486 second trust deed investment at 52% loan-to-value, paid off in 10 months, returning $97,803 at a 12.00% net rate.
View success story
$329,747
Return on $980K invested
- 41 monthsPaid off in
- 8.50%Net rate
- First trust deedPosition
- 70%LTV
Huntington Beach, California
A $980K first trust deed investment at 70% loan-to-value, paid off in 41 months, returning $329,747 at a 8.50% net rate.
View success story
$232,223
Return on $1.5M invested
- 15 monthsPaid off in
- 12.00%Net rate
- Second trust deedPosition
- 59%LTV
Corona del Mar, California
A $1.5M second trust deed investment at 59% loan-to-value, paid off in 15 months, returning $232,223 at a 12.00% net rate.
View success storyInvestments in trust deeds secured by one or more interests in real property are subject to risk of loss.
Alliance Portfolio • Real Estate Broker • CA DRE • 02066955 Broker License ID
A specific role in a broader portfolio.
The Fund is not designed to be an entire portfolio. Its potential role is specific: current income from privately originated loans, California real estate backing, and underwriting that investors and advisors can examine.
Current income
Monthly distributions may provide a source of current cash flow, although distributions are variable and not guaranteed.
Privately originated real estate loans
The Fund invests in mortgage loans made directly against California real estate rather than publicly traded bonds or real estate securities.
Property-backed loans
Every loan is secured by California real estate, with underwriting focused on leverage, borrower equity and repayment.
Investors
High-net-worth and UHNW investors
Real estate-secured lending without having to select, underwrite and manage individual trust deeds.
Potentially one component of a broader income, real estate or private lending allocation.
Advisors
Registered Investment Advisors
For qualified clients whose objectives, risk tolerance and liquidity needs are compatible with real estate-secured loans.
CPAs, attorneys and other advisors
For evaluating tax, estate, liquidity and suitability considerations alongside the broader financial plan.
Featured resource
Investor Overview & Due Diligence Guide
A detailed look at the Fund, current portfolio, underwriting, risk management, liquidity and audited financial information.
Investor resources
Fund materials, answers to common investor questions, and what Alliance Portfolio is watching in the market.
View all investor resources- Fund informationOverview and current Fund materials
- Offering & due diligenceProvided on request, under the applicable controls
- Investor questionsAnswers to what investors ask most
- Request informationSpeak with Alliance Portfolio directly
Recent reading
Observations on the Commercial Real Estate Market and Its LendersJames Perry reflects on changing commercial real estate conditions, lender behavior, and the importance of evaluating the market before making the next move.Read the perspective Recession PlanningA perspective on thinking through changing market conditions, uncertainty, and the decisions that follow.Read the perspective All insightsTake a closer look at investing with Alliance Portfolio.
Tell us what you’re looking for and we’ll send the current Fund information, or talk it through directly.