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If I were a betting man the company is folding up and this dutch character is out there doing the guru circuit as only source of $ and idiots will pay for training from someone like this.  

@Manoj Mathew Is this allowed in the PPM-legal documents that your funds can be used for different assets/projects than were defined? 

Even on conventional renovation loans, most lenders and borrowers still use Certified 203k Contractors b/c the guidelines/timelines/rules/processes are almost identical. 

And I did not use a MLO/LMLO who would eat 1% to 1.5% of the selling amount. 

Hope this helps. 

Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.Crew Enterprises DST Investors with suspended distributions please PM meSince posting this I have learned of a 7th Crew property.

Over the past 10 years, he and his late wife poured their hearts into building this home (with permits, of course).

Was this a flip or a new primary? 

There are about 65,000 investigations into this type of mortgage fraud per year, resulting in about 5,000 convictions with the average prison sentence being 18 months.