Verified Investor
1.00
"Be Very Very Careful!!"
I am in over 50 different syndications and this sponsor has the worst reporting of all. Quarterly "reporting" consists of a 1 page P&L with no supporting documentation or explanation. Asset management fees being charged are very very high (almost all of the profit). In all my trying to communicate I've only ever heard from the principal Kenneth Chapman. No Investor relations team. Everything is run in his wife's name Tara Chapman and I've never been able to communicate with anyone else in the company (if they exist). Corporate headquarters don't show up in google and everything seems really strange. Project was supposed to cashflow 8+% day one. 1.5 years in I'm averaging 2.28% and dwindling with no explanation. I think they are way overwhelmed trying to raise new capital without the infrastructure or employees to service what they already have. Caveat Emptor!
1.00
Crowdvest Website
CrowdvestCrowdvest Overview
Crowdvest LLC offers a seamless entry into commercial real estate investing. With our syndication model, you access top properties with lower capital, while we manage the complexities for you.
Address
Year Founded
2021
Operates In
N/A
Asset Classes
Multifamily
Accepted Investors
Accredited
