Anyone fund a note with Safeguard Capital Partners?

[Phil G.]

Was curious if anyone funded a note originated by Safeguard Capital Partners and what your experience and results had been. They originate 5 year interest only notes for buyers of turnkey SFR properties working through a network of turnkey providers.

[Dan Liston]

I have worked with Safeguard Capital Partners as a lender for about 5 years and it has been a complete nightmare. Not only horrible investments, but a complete waste of money and time. I have seven loans outstanding with them and have been forced to foreclose on four of them. The attorneys and title companies I've been forced to deal with during the foreclosure process have also told me they are shocked by Safeguard's incompetence.