Investing in Norada Funding's notes

[Chris Yeung]

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. 

[Alex Tank]

SCAm SCAM SCAM PONZI SCHEME! I lost and they sopped paying interest, Hope you all awake!

[Nancy Oh]

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.  

[David Kanarek]

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 !