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Updated over 4 years ago on . Most recent reply

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4
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2
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Michelle Pileggi
  • Involved In Real Estate
  • Orlando, FL
2
Votes |
4
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American Real Estate Investments LLC. Private Money Lending

Michelle Pileggi
  • Involved In Real Estate
  • Orlando, FL
Posted

I was wondering if anyone has done private money lending through AREI LLC. We found them originally when looking for turn key providers but decided to invest our money in private lending instead. We've had nice returns but now that they have our money, I'm terrified we'll never see it again. Hoping someone has some experience.

Most Popular Reply

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69
Posts
26
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Codi Clausen
  • Property Manager
  • Newport Beach, CA
26
Votes |
69
Posts
Codi Clausen
  • Property Manager
  • Newport Beach, CA
Replied

@Michelle Pileggi I’ve invested money into one of their private lending deals and the returns were paying out, but they have always been late with me having to track them down every time. This month with everything happening I haven’t been able to get anyone to tell me where my distribution is this month or what’s happening with the project.

I’m very concerned with the lack of communication here. Hoping they’re not avoiding me due to the default and some sort of foreclosing.

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