All Forum Posts by: James W.

Andrew also called me to give me an update. 

I’m  happy to hear the progress that Andrew and Four Peaks are making on our investment. Its good to see that there are no issues at this point. 

I know everyone is doing their best during these difficult times.

@James Rich

I am an investor with them. Sent you PM please respond.

@Derek Bao, @Kornel Kurtz, @Lori Buffington, are some of the investors with them also.

Q1 distribution is missing again. And the pattern of no response to emails is back again.

This repeating pattern makes us regret the descision of investing with them.

@Kornel Kurtz and other investors, did you get your Q1 distribution?

@Andrew Lanoie - can you please let us know?

@Linda D.

@Rey Grabato has not responded to my post since two weeks. 

Are you still invested with NRIA? How has been your recent experience? Any changes?

@Rey Grabato

Can you respond to my post above?

@Rey Grabato

Hi Rey,

We are rather heavily invested into your portfolio Fund that pays 12+%.

We have some concerns after reading the posts here. I like it that you come to the forum and defend NRIA with passion and facts. We like to think its a good sign for the protection of our investment.

Can you answer the below questions for us so we know we are in good hands?

1 - By investing into the Fund, is it true that we have put our own credit on the line, like this post says? May be because of its LLC nature, or otherwise.

Next is, that most of the properties in your fund are ground-ups, and are not tenant occupied.

So there's no clear source of income into the Fund, like rental income.

But we see atleast two big expenses - one, monthly payments to Investors. And two, monthly Loan payments.

2 - So, where are you paying the investors from ?

3 - And, where are you making the loan payments from?

For loan, you may have an interest reserve, but thats normally only good till construction complete. After that, you may be due for loan payments till the property is sold. If we enter a market slowdown and buildings don't sell for a few years after construction, where will you make the loan payments from?

4 - And then if you cannot make these loan payments, and the banks foreclose, this may wipe-off any/ all investor equity. Is that right?

Again, these questions are to understand your operation, so we can build faith in our investment. So your response is very important to us, and perhaps to other members in the forum.

Thank you.

Please see post below.

Pls see post below.

Anyone invested in NRIA Fund?

@Greg Scott

Fix and flip mortgages- AlphaFlow.com

Commercial mortgages- BroadMark.com

The second one is a huge and big player fund in the commercial lending space.