All Forum Posts by: Bryan A. Lemos

@Lily B.- I dont believe it is the same.  The one in default is a property in Culver City, CA (Los Angeles). My second investment is a property in Denver, that's been going smooth.  They just extended the maturity date on it, but other than that, it has been going smooth. 

Quote from @Chris Seveney:

Quote from @Lily B.:

Following this thread…. Anyone have any recent experience with Aloha? (Their offerings are now on a portal called “Swell”)

One of the current offerings is a loan to a developer in Denver, offering 11% and maturing in Aug 2025. This is advertised as a “protected” note as Aloha is supposedly fronting the first $100k in the line of loss. Total loan is $500k so the other $400k comes from other investors.

My husband invested in a note with Aloha last year as a trial, and unfortunately that one went into default a few months later. We’re still waiting for next steps on that one re: borrower repayment or foreclosure.

 what type of returns do they provide to investors?

They vary based on the note.  Here are there offerings.  https://swell.investments/#Offerings

I posted a while ago in this chain.  Since then I made two investments. One was 11% and another at 13% 

One is in default and has been unsettling as it's not "protected". I invested to test out the process in the short term, as it was supposed to "mature" and be paid off in March 2024, and here we are in December.  Per Jay's note earlier, when investing, your name does not go on the title unless you buy a whole note, so this is an unsecured investment.  Legally, my investment is now depending on Aloha's action. That risk, in retrospect, is not worth the potential return.   When something goes into default, like this property has has, I have little to no control yet assumed a lot of risk. 

Aloha does updates on the property and claims they still have confidence the property will sell, and we'll get our investment back plus all interest owed since default. 
  

On the upside, they have a new investor portal which where you can view documents (like monthly reports/inspections by Aloha) and data on construction progress and returns.  

Hey Jay, in talking to my rep, partial notes are definitely not a security or secured interest in the note. They only hold yield share.  Whole notes to be come secured interest on the actual note. 

When you say "safest way".  Can you explain how your company solves the partial note issue? 

Thx!

Hey Jay, Sorry...you are making me double-check my paperwork which is good...thank you. 

 Partial notes are just a partial note in the loan's yield (not the loan itself) and in most cases, a second position on the loan (both upside and downside) by contract terms with Aloha.
 Only whole notes become the 1st position and holder of the actual loan note.  

Here is their description and note site 

Their terms state: "With whole note investments, the investor transfers the complete loan amount and is the sole owner of the 1st position on the loan.

In contrast, partial note investors invest in a portion of the loan’s yield, with no single investor holding a priority position over others. Furthermore, whole note investments benefit from an additional 0.5% annualized yield and are entitled to a share of any extension fees charged to the borrower."

They assign pro-rata shares. As it reads, a pro-rata share is "equal to the Purchase Price of Participation divided by the Outstanding Principal Balance of the Note."

I think that is what you are asking? I'm new to this, so I am unsure if I am answering your question correctly

Quote from @Cristina Millan:

Hi Travis, I am looking at investing with Aloha as well. Did you move forward with them? 

Thanks,

Cristina

I am investing in two different partial notes with them.  I will keep you updated the best I can. Once you sign a contract of intent, they give you a portal to select from notes, and you can choose from partial notes, subordinated notes, whole notes, and protected notes. So far the process is simple.  Sales agent gets slightly more aggressive than I like, but other than that, they seem more trustworthy than other opportunities like this that I come across.   

Hey everyone, 

I just moved from Denver to Clive, IA and am looking for Real Estate networking groups in the area that do in person meetings in the West Des Moines area to grow my network.  Im currently looking to meet people and get some properties in the area. Does anyone know of some good ones? 

Thanks!

-Bryan

I only have experience as someone looking for a new build home lately...but Brookfield Residential and Lennar Homes seem to have the best reputation, as far as the quality of their homes goes.  I have no experience inside with the people who are doing the building...but I assume quality comes from quality building teams. 

Good luck! Denver is awesome and there is a ton of building going on as far as I can tell. 

Hey All, the forum mod deleted my post because its supposed to be in the "events" forum.  If you are still interested in being in the mastermind, DM me your contact email and I will reach out. 

Thanks!

I listen to Bigger Pockets and everyone is talking about reading Rich Dad Poor Dad.  I hadn't read it in 15 years, so Ive picked it up and am at it again. I guess now it has a section with questions to discuss with a study partner.  Does anyone want to read, (or re-read) it at the same time and have scheduled phone/virtual discussions on the questions being asked in the book?  

Im in Denver, CO, own my own home with my wife and am looking for our first rental property. 

If interested DM me and we can talk about goals.  If we align lets read the thing together and discuss. 

Cheers