General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 9 days ago, 12/03/2024
RAD Diversified SCAM ALERT!!!
Hello,
I Just wanted to give everyone a quick update on the RAD Diversified scandal that is currently unfolding. As of April 1, 2024, RAD Diversified (a REIT), has officially put a freeze on withdrawing any and all funds from the REIT. If I had to speculate, I would say they are facing some serious liquidity issues. Interestingly enough, I came across an article in the Philidelphia Inquirer that raised concerns about the REIT two years ago. It's pretty much spot on. Looks like your classic Ponzi scheme. It would appear good ole Dutch has been using new investor funds to pay liquidations i.e. robbing Peter to pay Paul. I guess the well has run dry.
I myself was duped into investing $5000 (unaccredited) into the fund and will now no longer be able to liquidate any portion of my shares. The URL provided above will take you to official statement that RAD has provided to the SEC. Personally, I doubt its authenticity, but that's the direct information I was provided with from Alexander Prock, as of one hour ago. I also know that RAD's accreditation with the BBB has been revoked due to the massive influx of similar complaints that have been pouring in since the official statement was released on April 1st, 2024.
I would strongly advise ALL BP members to stay far away from this scam. I highly doubt I will ever see my money again. I would sincerely hope that the SEC has begun looking into this and/or the FBI. And, by the way, Dutch Mendenhall the CEO of RAD, has been a member of the BP community now for several years so feel free to chime in bud. Below is a copy of the SEC statement. It really makes me sick that these scam artists run rampant while the SEC does absolutely nothing to combat the issues. Anyway, please feel free to do your own due diligence but it looks like we all got got.
"On April 1, 2024, the board of directors (the “Board") of RAD Diversified REIT, Inc. (the "Company”) decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024 nor will it accept any redemption requests after April 1, 2024. Pending redemption requests will remain in queue until the Company recommences the redemption program. The Board intends to reassess this decision to determine whether to recommence the redemption program or to continue to pause the redemption program no later than July 1, 2024."
@Arthur Crum There are already a few other forum chains on RAD but why were you duped? Seems they have some liquidity issues but weren't they in their right to suspend distributions? Did you read your agreement?
It appears you may know something I don't. I'm not an attorney myself but I do have one combing through the fine print of the contract at the moment. Looks like a lot of investors who were slated to receive funds on January 1st 2024 never received them and then they promptly put a lock on the "redemption program" February 1st. We shall see how things unfold but it doesn't look good.
I am not suggesting they are running a tight ship over there but just wasn't sure where they duped the investors....Hope you get your money back and quickly. From what I see elsewhere on the boards they RAD isn't responsive which is troubling.
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
- 61,881
- Votes |
- 42,068
- Posts
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Quote from @Arthur Crum:
It appears you may know something I don't. I'm not an attorney myself but I do have one combing through the fine print of the contract at the moment. Looks like a lot of investors who were slated to receive funds on January 1st 2024 never received them and then they promptly put a lock on the "redemption program" February 1st. We shall see how things unfold but it doesn't look good.
just curious are you actually paying an attorney to read through the documents over a 5k investment your are certain you will never receive? .. that seems like throwing good money after bad. ? was wondering your thought process here. I have been following this on the other thread and at first I was thinking yes liquidity issues but then someone said they were also giving 20% interest notes and that type of fixed debt can sink someone pretty fast if your doing this with rental props.
- Jay Hinrichs
- Podcast Guest on Show #222
Jay, my cousin is an attorney and he is simply looking at the contract for me. I dont care if its a dollar, if someone steals from me im comming for them.
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
- 61,881
- Votes |
- 42,068
- Posts
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Quote from @Arthur Crum:
Jay, my cousin is an attorney and he is simply looking at the contract for me. I dont care if its a dollar, if someone steals from me im comming for them.
gothca I kind of figured you might have had some inside legal help.. these guys many times get away with this as the investments are so small its not financially feasible to litigate them. I hear ya on being pissed !!!
- Jay Hinrichs
- Podcast Guest on Show #222
@Arthur Crum
Sorry to hear this. As someone every familiar with Reg A offerings - this is not specific to Rad but anyone looking to invest in these offerings. This info is public on the sec site and what we have found to be the red flags that have been good indicators of potential future problems
1. Audited financials not being submitted
2. SEC staff action letters
3.. semi annual reports not filed
3. Qualification is required atleast once every 12 months - thus missing the qualification
If one of these is missing - not good, if multiple - even worse.
- Chris Seveney
I have 25K invested. No one is answering the phones and the voice mail now sounds like an off shore answering recording. He is advertising like crazy for his upcoming seminar. Maybe us investors need to show up??
Has anyone actually looked at their website and staffing? Talk about nepotism! Brent Mendanhall, director of special operations....wtf does that even mean? Dory Mendenhal VP of real estate; Molly Mendenahll Director of Real Estate....lets just give the family titles and put them on the payroll lol. I don't mean to make light of this situation because it seems a lot of people have their money locked up but there are so many red flags with this company based on the information that has been shared on these forums as well. How did they manage to grow a $250M portfolio as co-found Amy Vaughn's bio suggests off of your hard earned money?
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
- 61,881
- Votes |
- 42,068
- Posts
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Quote from @Arthur Crum:
Jay, my cousin is an attorney and he is simply looking at the contract for me. I dont care if its a dollar, if someone steals from me im comming for them.
AS I was thinking about this.. I would not characterize this as a scam per se.. but it appears to me to be a failed investment model.. Unless you believe the owners knew in advance that this model would not work and were doing this to just feather their nest and move on ?
- Jay Hinrichs
- Podcast Guest on Show #222
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
- 61,881
- Votes |
- 42,068
- Posts
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Quote from @Arthur Crum:
I get what your saying I was employed in the late 80s by a big syndicator in SF who had over 250 different apartments senior housing student housing shopping MHP and i headed up land development for them.. I know they did not start out to steal or do bad things but they started robbing Peter to Pay Paul and once you go down that slope pretty tough to climb up.. they ended up in massive trouble and the partnerships were all sold off with massive loss's.. but it was not a contrived scam.. Its actually really common in my mind for real estate failures especially like these deals were you dont really have access to your money.. And your relying on 3rd party reporting.
- Jay Hinrichs
- Podcast Guest on Show #222
Quote from @Arthur Crum:
Hello,
I Just wanted to give everyone a quick update on the RAD Diversified scandal that is currently unfolding. As of April 1, 2024, RAD Diversified (a REIT), has officially put a freeze on withdrawing any and all funds from the REIT. If I had to speculate, I would say they are facing some serious liquidity issues. Interestingly enough, I came across an article in the Philidelphia Inquirer that raised concerns about the REIT two years ago. It's pretty much spot on. Looks like your classic Ponzi scheme. It would appear good ole Dutch has been using new investor funds to pay liquidations i.e. robbing Peter to pay Paul. I guess the well has run dry.
I myself was duped into investing $5000 (unaccredited) into the fund and will now no longer be able to liquidate any portion of my shares. The URL provided above will take you to official statement that RAD has provided to the SEC. Personally, I doubt its authenticity, but that's the direct information I was provided with from Alexander Prock, as of one hour ago. I also know that RAD's accreditation with the BBB has been revoked due to the massive influx of similar complaints that have been pouring in since the official statement was released on April 1st, 2024.
I would strongly advise ALL BP members to stay far away from this scam. I highly doubt I will ever see my money again. I would sincerely hope that the SEC has begun looking into this and/or the FBI. And, by the way, Dutch Mendenhall the CEO of RAD, has been a member of the BP community now for several years so feel free to chime in bud. Below is a copy of the SEC statement. It really makes me sick that these scam artists run rampant while the SEC does absolutely nothing to combat the issues. Anyway, please feel free to do your own due diligence but it looks like we all got got.
"On April 1, 2024, the board of directors (the “Board") of RAD Diversified REIT, Inc. (the "Company”) decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024 nor will it accept any redemption requests after April 1, 2024. Pending redemption requests will remain in queue until the Company recommences the redemption program. The Board intends to reassess this decision to determine whether to recommence the redemption program or to continue to pause the redemption program no later than July 1, 2024."
Sorry this isn't going well! I got caught in a pyramid scheme in 2022 also. It paid great for a while at least!
- Jordan Moorhead
- [email protected]
- 512-888-9122
Quote from @Arthur Crum:
Also, when interest rates are really low people think they can do anything and make money. But then interest rates go up and the term "risk" becomes more than theoretical.
I'm thinking the reason they are now saying "July 1" is to buy them more time on any type of a "redemption". June 30th is the deadline to ask for a January, 2025 disbursement, it is obvious why they chose July 1 as this enables them to not have to do any type of payout for another year!
Quote from @Barbara Radke:
I'm thinking the reason they are now saying "July 1" is to buy them more time on any type of a "redemption". June 30th is the deadline to ask for a January, 2025 disbursement, it is obvious why they chose July 1 as this enables them to not have to do any type of payout for another year!
Yeah it's pretty apparent they aren't providing investors any money back. Apparently the withdraws that were slated for January of 2024 never went out either and then they immediately froze all withdraws. I'm sure there are a lot of people out there that will loose much more. I'm sure glad I didn't invest more than I did.
Quote from @Sebastian Bennett:
Has anyone actually looked at their website and staffing? Talk about nepotism! Brent Mendanhall, director of special operations....wtf does that even mean? Dory Mendenhal VP of real estate; Molly Mendenahll Director of Real Estate....just give the family titles and put them on the payroll lol. I don't mean to make light of this situation because it seems a lot of people have their money locked up but there are so many red flags with this company based on the information that has been shared on these forums as well. How did they manage to grow a $250M portfolio as co-found Amy Vaughn's bio suggests off of your hard earned money?
Quote from @Arthur Crum:
Hello,
I Just wanted to give everyone a quick update on the RAD Diversified scandal that is currently unfolding. As of April 1, 2024, RAD Diversified (a REIT), has officially put a freeze on withdrawing any and all funds from the REIT. If I had to speculate, I would say they are facing some serious liquidity issues. Interestingly enough, I came across an article in the Philidelphia Inquirer that raised concerns about the REIT two years ago. It's pretty much spot on. Looks like your classic Ponzi scheme. It would appear good ole Dutch has been using new investor funds to pay liquidations i.e. robbing Peter to pay Paul. I guess the well has run dry.
I myself was duped into investing $5000 (unaccredited) into the fund and will now no longer be able to liquidate any portion of my shares. The URL provided above will take you to official statement that RAD has provided to the SEC. Personally, I doubt its authenticity, but that's the direct information I was provided with from Alexander Prock, as of one hour ago. I also know that RAD's accreditation with the BBB has been revoked due to the massive influx of similar complaints that have been pouring in since the official statement was released on April 1st, 2024.
I would strongly advise ALL BP members to stay far away from this scam. I highly doubt I will ever see my money again. I would sincerely hope that the SEC has begun looking into this and/or the FBI. And, by the way, Dutch Mendenhall the CEO of RAD, has been a member of the BP community now for several years so feel free to chime in bud. Below is a copy of the SEC statement. It really makes me sick that these scam artists run rampant while the SEC does absolutely nothing to combat the issues. Anyway, please feel free to do your own due diligence but it looks like we all got got.
"On April 1, 2024, the board of directors (the “Board") of RAD Diversified REIT, Inc. (the "Company”) decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024 nor will it accept any redemption requests after April 1, 2024. Pending redemption requests will remain in queue until the Company recommences the redemption program. The Board intends to reassess this decision to determine whether to recommence the redemption program or to continue to pause the redemption program no later than July 1, 2024."
Mr. Crum,
As a RADD investor, we value your business. Under careful consideration, The Board of Directors has decided to freeze all distributions and withdrawals for an additional 90 days. This decision has been made due to record-high interest rates and the worst Real Estate economy since 2008. Most importantly, to protect you, the investor.
In 90 days, the Board of Directors will reevaluate our cash position and decide if we will continue to recommence or continue to pause distributions. This will occur on/about 01 July 2024. I want you to know this is a good decision that has been made by our Executive board to protect your investment. We assure you, if you have been approved for a redemption/distribution, your approval will remain valid and remain in que for payment once the freeze is lifted.
The following link is to the 1U Amendment to our SEC Offering Circular and SEC Offering Circular itself.
https://www.sec.gov/Archives/edgar/data/1721469/000110465924043461/tm2411068d1_1u.htm
https://www.sec.gov/Archives/edgar/data/1721469/000110465922002821/tm222539d1_partiiandiii.htm
It’s vital to understand that the journey forward for us has a series of progressive steps:
1. The freeze, which is painful, is necessary for us to build reserves, pull equity, and meet commitments going forward.
2. Submitting all financials to auditors for REITs. RADD America has been submitted and RAD Diversified will follow soon.
3. Simultaneously improve our process and communication systems.
4. Portfolio loan against existing assets for immediate payment to investors. The loan is in process and through our financials and reserves we will achieve it.
We are a good company with incredibly hard-working people. We are going through a challenging time that will make us stronger. Capital invested is tied up in Real Estate and we will pull equity to take care of investors.
I highly recommend you read the SEC filing and the 1U Amendment. Additionally, as stated above, for additional questions please contact [email protected] or at (813) 709-8281.
Additionally, Blackstone, one of the World's largest Real Estate Investment Trusts, froze redemptions in November 2022 and still have restrictions on redemptions and distributions due to the state of the Real Estate market and economy in 2023 and an unforeseen flurry of requests for withdrawal of funds within their BREIT.
#5 All Forums Contributor
- Attorney
- Philadelphia
@Dutch Mendenhall Your company just released a video of you touring your new office space. 5:34 into the video you discuss how important it is for you and Amy to finally have your own bathrooms in your executive offices separate from your staff. I am not personally invested in any of your offerings but this is not the message you should be sending right now with paused distributions
New Office Walkthrough | Downtown Tampa (youtube.com)
!!!!!!!!!!!!!!!!!!!!!
@Dutch Mendenhall Your company just released a video of you touring your new office space. 5:34 into the video you discuss how important it is for you and Amy to finally have your own bathrooms in your executive offices separate from your staff. I am not personally invested in any of your offerings but this is not the message you should be sending right now with paused distributions
New Office Walkthrough | Downtown Tampa (youtube.com)
Quote from @Stuart Udis:
@Dutch Mendenhall Your company just released a video of you touring your new office space. 5:34 into the video you discuss how important it is for you and Amy to finally have your own bathrooms in your executive offices separate from your staff. I am not personally invested in any of your offerings but this is not the message you should be sending right now with paused distributions
New Office Walkthrough | Downtown Tampa (youtube.com)
It is absolutely inappropriate, given a large number of unhappy investors and inner circle folks who paid for education...who were pushed to buy $50,000 "education," invest in one of their gazillion entities, or make loans with their life savings, etc.
Quote from @Dutch Mendenhall:
Quote from @Arthur Crum:
Hello,
I Just wanted to give everyone a quick update on the RAD Diversified scandal that is currently unfolding. As of April 1, 2024, RAD Diversified (a REIT), has officially put a freeze on withdrawing any and all funds from the REIT. If I had to speculate, I would say they are facing some serious liquidity issues. Interestingly enough, I came across an article in the Philidelphia Inquirer that raised concerns about the REIT two years ago. It's pretty much spot on. Looks like your classic Ponzi scheme. It would appear good ole Dutch has been using new investor funds to pay liquidations i.e. robbing Peter to pay Paul. I guess the well has run dry.
I myself was duped into investing $5000 (unaccredited) into the fund and will now no longer be able to liquidate any portion of my shares. The URL provided above will take you to official statement that RAD has provided to the SEC. Personally, I doubt its authenticity, but that's the direct information I was provided with from Alexander Prock, as of one hour ago. I also know that RAD's accreditation with the BBB has been revoked due to the massive influx of similar complaints that have been pouring in since the official statement was released on April 1st, 2024.
I would strongly advise ALL BP members to stay far away from this scam. I highly doubt I will ever see my money again. I would sincerely hope that the SEC has begun looking into this and/or the FBI. And, by the way, Dutch Mendenhall the CEO of RAD, has been a member of the BP community now for several years so feel free to chime in bud. Below is a copy of the SEC statement. It really makes me sick that these scam artists run rampant while the SEC does absolutely nothing to combat the issues. Anyway, please feel free to do your own due diligence but it looks like we all got got.
"On April 1, 2024, the board of directors (the “Board") of RAD Diversified REIT, Inc. (the "Company”) decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024 nor will it accept any redemption requests after April 1, 2024. Pending redemption requests will remain in queue until the Company recommences the redemption program. The Board intends to reassess this decision to determine whether to recommence the redemption program or to continue to pause the redemption program no later than July 1, 2024."
Mr. Crum,
As a RADD investor, we value your business. Under careful consideration, The Board of Directors has decided to freeze all distributions and withdrawals for an additional 90 days. This decision has been made due to record-high interest rates and the worst Real Estate economy since 2008. Most importantly, to protect you, the investor.
In 90 days, the Board of Directors will reevaluate our cash position and decide if we will continue to recommence or continue to pause distributions. This will occur on/about 01 July 2024. I want you to know this is a good decision that has been made by our Executive board to protect your investment. We assure you, if you have been approved for a redemption/distribution, your approval will remain valid and remain in que for payment once the freeze is lifted.
The following link is to the 1U Amendment to our SEC Offering Circular and SEC Offering Circular itself.
https://www.sec.gov/Archives/edgar/data/1721469/000110465924043461/tm2411068d1_1u.htm
https://www.sec.gov/Archives/edgar/data/1721469/000110465922002821/tm222539d1_partiiandiii.htm
It’s vital to understand that the journey forward for us has a series of progressive steps:
1. The freeze, which is painful, is necessary for us to build reserves, pull equity, and meet commitments going forward.
2. Submitting all financials to auditors for REITs. RADD America has been submitted and RAD Diversified will follow soon.
3. Simultaneously improve our process and communication systems.
4. Portfolio loan against existing assets for immediate payment to investors. The loan is in process and through our financials and reserves we will achieve it.
We are a good company with incredibly hard-working people. We are going through a challenging time that will make us stronger. Capital invested is tied up in Real Estate and we will pull equity to take care of investors.
I highly recommend you read the SEC filing and the 1U Amendment. Additionally, as stated above, for additional questions please contact [email protected] or at (813) 709-8281.
Additionally, Blackstone, one of the World's largest Real Estate Investment Trusts, froze redemptions in November 2022 and still have restrictions on redemptions and distributions due to the state of the Real Estate market and economy in 2023 and an unforeseen flurry of requests for withdrawal of funds within their BREIT.
@Sebastian Bennett
Wow… you would think with a staff of over 50 people one of them would have thought “is this a good idea”
I wonder if any of them also have thought “hey we froze distributions - maybe we should cut our biggest expense (people) asince they have dozen marketing people and a staff this size with over $12M in opex in 2022 according to their filings.
https://raddiversified.com/team/
- Chris Seveney
@Chris Seveney I disagree, I believe these marketing staff members are their most valuable assets. That's who recruited all of their capital. Maybe they should have been the ones awarded the executive suites with private bathrooms :)
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
- 61,881
- Votes |
- 42,068
- Posts
#4 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Quote from @Jingjing Zou:
Quote from @Dutch Mendenhall:
Quote from @Arthur Crum:
Hello,
I Just wanted to give everyone a quick update on the RAD Diversified scandal that is currently unfolding. As of April 1, 2024, RAD Diversified (a REIT), has officially put a freeze on withdrawing any and all funds from the REIT. If I had to speculate, I would say they are facing some serious liquidity issues. Interestingly enough, I came across an article in the Philidelphia Inquirer that raised concerns about the REIT two years ago. It's pretty much spot on. Looks like your classic Ponzi scheme. It would appear good ole Dutch has been using new investor funds to pay liquidations i.e. robbing Peter to pay Paul. I guess the well has run dry.
I myself was duped into investing $5000 (unaccredited) into the fund and will now no longer be able to liquidate any portion of my shares. The URL provided above will take you to official statement that RAD has provided to the SEC. Personally, I doubt its authenticity, but that's the direct information I was provided with from Alexander Prock, as of one hour ago. I also know that RAD's accreditation with the BBB has been revoked due to the massive influx of similar complaints that have been pouring in since the official statement was released on April 1st, 2024.
I would strongly advise ALL BP members to stay far away from this scam. I highly doubt I will ever see my money again. I would sincerely hope that the SEC has begun looking into this and/or the FBI. And, by the way, Dutch Mendenhall the CEO of RAD, has been a member of the BP community now for several years so feel free to chime in bud. Below is a copy of the SEC statement. It really makes me sick that these scam artists run rampant while the SEC does absolutely nothing to combat the issues. Anyway, please feel free to do your own due diligence but it looks like we all got got.
"On April 1, 2024, the board of directors (the “Board") of RAD Diversified REIT, Inc. (the "Company”) decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024 nor will it accept any redemption requests after April 1, 2024. Pending redemption requests will remain in queue until the Company recommences the redemption program. The Board intends to reassess this decision to determine whether to recommence the redemption program or to continue to pause the redemption program no later than July 1, 2024."
Mr. Crum,
As a RADD investor, we value your business. Under careful consideration, The Board of Directors has decided to freeze all distributions and withdrawals for an additional 90 days. This decision has been made due to record-high interest rates and the worst Real Estate economy since 2008. Most importantly, to protect you, the investor.
In 90 days, the Board of Directors will reevaluate our cash position and decide if we will continue to recommence or continue to pause distributions. This will occur on/about 01 July 2024. I want you to know this is a good decision that has been made by our Executive board to protect your investment. We assure you, if you have been approved for a redemption/distribution, your approval will remain valid and remain in que for payment once the freeze is lifted.
The following link is to the 1U Amendment to our SEC Offering Circular and SEC Offering Circular itself.
https://www.sec.gov/Archives/edgar/data/1721469/000110465924043461/tm2411068d1_1u.htm
https://www.sec.gov/Archives/edgar/data/1721469/000110465922002821/tm222539d1_partiiandiii.htm
It’s vital to understand that the journey forward for us has a series of progressive steps:
1. The freeze, which is painful, is necessary for us to build reserves, pull equity, and meet commitments going forward.
2. Submitting all financials to auditors for REITs. RADD America has been submitted and RAD Diversified will follow soon.
3. Simultaneously improve our process and communication systems.
4. Portfolio loan against existing assets for immediate payment to investors. The loan is in process and through our financials and reserves we will achieve it.
We are a good company with incredibly hard-working people. We are going through a challenging time that will make us stronger. Capital invested is tied up in Real Estate and we will pull equity to take care of investors.
I highly recommend you read the SEC filing and the 1U Amendment. Additionally, as stated above, for additional questions please contact [email protected] or at (813) 709-8281.
Additionally, Blackstone, one of the World's largest Real Estate Investment Trusts, froze redemptions in November 2022 and still have restrictions on redemptions and distributions due to the state of the Real Estate market and economy in 2023 and an unforeseen flurry of requests for withdrawal of funds within their BREIT.
To Play Devils Advocate I submit:
I suspect you just never read the entire document and all the small print that gives the sponsor these unilateral rights.. Now your upset.. does not make it stealing your money.. I don't know this person or company from a sack of salt or what they do.. But with all the syndicators out there NOT all but many also getting stuck with their deals needing to recapitalize because interest rate rise and tax's and insurance rise was not planned for or contemplated these are legitimate actions to take to protect the greater good. These are the risks when you send your money to a company and then you have zero control over it. That is how it works in syndication everyone of them works the same way.. As it relates to the latitude they have to run the company.. Its up to you the investor to realize this before you invest in these kind of vehicles. Trashing the company is not going to speed up your redemption.
- Jay Hinrichs
- Podcast Guest on Show #222