Has anyone invested with Djuric Family Office aka Blake Capital Group

[Cheryl A.]

Has anyone invested with the Ian Djuric at the Blake Capital Group (https://blakecapitalgroup.com/) formerly Djuric Family Office (http://djuricfamilyoffice.com/)? If so, what experience have you had?

Thanks!

[Cheryl A.]

Quote from @Anastasia Foster:

Hi I am currently looking into their fix and flip fund- their 24% pref is hard to pass up but also doing my due diligence since I have not worked with them before

@Anastasia Foster

Perhaps a data point for your due diligence. My experience with Djuric Family Office aka now the Blake Capital Group, has not been great. Some of my frustrations include:

• - Zero transparency on where my funds were being invested. Everything presented indicated I was investing directly in the deal, however it now seems I was investing in DFO and DFO was investing in the deal. 
• - Investor reports were either not received unless I asked for them, or they were received 2-3 months late.
• - K-1s were not made available until mid Sept every year.
• - Communication is poor, I have to repeatedly chase for updates. Several of my questions were intentionally avoided and unanswered.
• - Documents were promised week after week, but never delivered.
• - The investment portal is not properly managed, kept up to date or actively used to track financial progress of LP investments. Took many months of chasing to have record of my funding recorded in the portal.
• - One deal failed and the property sold in Dec, however I was not informed until Apr the following year by the lead operator. In Sept I'm still waiting for an official announcement and legal documents to be provided.

My second investment with them is also on the verge of failing with the property heading for foreclosure.

Best of luck, Cheryl