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Investing in Norada Funding's notes
Has anyone in the BP community dealt with Norada funding? This is a sister company of Norada Real Estate. They're opening up some investment opportunities for 24 months. Rates are pretty high (12-15% with an additional 5% of the loan paid at maturity). The minimum investment is 50K.
SCAm SCAM SCAM PONZI SCHEME! I lost and they sopped paying interest, Hope you all awake!
Quote from @Michael Fish:
I, too, am interested in investing with their promissory note option. However, it seems extremely high risk as, to my knowledge, it is unsecured and only backed by a 'promise' to repay not any hard assets or relevant collateral.
I wish I read "Michael Fish"'s post more carefully. It seems as of now, no interests coming from my 3 notes and I requested my principals back, Marco/Norada Capital doesn't respond to my emails/voicemails. Marco/Norada Capital sends emails that my money is taken and I don't have any control over my money.
see Facebook group:
Norada Capital Default Notice:
If you are one of the investors, please see Facebook page with agencies and links to file complaints !