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Sortis Income Fund Taps 20-Year Banking, Private Financing Veteran Mike Ferguson for Fund Office

Serves Dual Role with Concurrent Appointment as President of SORFI LLC

PORTLAND, Ore. – Sept. 18, 2019 –Mike Ferguson has been named fund officer of the Sortis Income Fund, a real estate mortgage fund managed by Sortis Holdings Inc. (SOHI). With more than 20 years of experience, Ferguson oversees the fund’s loan operations and portfolio management, while providing analysis and underwriting of commercial and residential loan transactions consistent with its investment mandate

Ferguson’s addition is anticipated to increase the Sortis Income Fund’s lending deal flow and enhance the management team’s underwriting expertise. Further, he is assuming the role of president at SORFI LLC, a wholly owned subsidiary of Sortis Holdings that specializes in producing loans considered for the fund. He will oversee all underwriting and management of credit risk.

“We’re excited to partner with Mike. In addition to his extensive senior-level experience running lending operations for a bank, he has been successful in helping to grow a private financing fund,” said Jef Baker, fund officer. “He brings bench strength in underwriting expertise and loan portfolio risk management, as well as significant loan deal flow to the Sortis Income Fund.”

Ferguson has amassed significant experience in residential and commercial real estate lending, including traditional and private money lending. For three years, he served as a senior analyst with Iron Bridge Lending, generating national loan deal flow for a private financing fund while underwriting loans and managing the portfolio’s internal loan servicing. Following Iron Bridge Lending, Ferguson was a senior credit officer at Northwest Bank, where he was responsible for managing the institution’s $560 million commercial loan portfolio as well as loan approvals and overall credit risk.

“The Sortis Income Fund has an enviable track record, consistently generating earnings that surpass its target, and it’s an honor to join the team and contribute to the fund’s well-considered investment approach,” said Ferguson, who assumed his role with the Sortis Income Fund on Sept. 6.

The Sortis Income Fund LLC is an unlevered real estate note fund that allows quarterly distributions or reinvestment at investor discretion. Liquidity is also available after an initial six months, subject to short term loan maturities in its portfolio. The fund is accessible via the Fidelity Wealthscape platform and directly from Sortis Holdings at www.sortisholdings.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. and its wholly owned subsidiary, Sortis Financial Inc. The fund conservatively focuses on holding real estate loans. Sortis has developed a broad network over years in banking and finance with deep roots in the Northwest and has earned a reputation as a high-quality private lender that can execute efficiently.

About Sortis Holdings

Sortis Holdings is an investment firm with a primary focus on real estate, both as a lender and direct investor. With its roots as a former 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 more nimble than its competitors. For example, Sortis has launched Opportunity Zone Fund focused on Northwest real estate projects, created to take advantage of 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 SortisHoldings.com.