On podcasts and websites, Santarelli, 56, pitched his Laguna Niguel private equity firm, Norada Capital Management, which offered unsecured, high-yield promissory notes backed by investments in Broadway musicals, real estate and cryptocurrency.

Without it, the note is unsecured and not worth more than an unsecured IOU.

OC investment guru charged with bilking $62.5 million from clients – Orange County RegisterBy Tony Saavedra Orange County Register UPDATED: September 9, 2025 at 6:44 PM PDTMarco Giovanni Santarelli billed himself as a “wealth creator.”On podcasts and websites, Santarelli, 56, pitched his Laguna Niguel private equity firm, Norada Capital Management, which offered unsecured, high-yield promissory notes backed by investments in Broadway musicals, real estate and cryptocurrency.But federal authorities allege it was all a scam, a Ponzi scheme that bilked some 500 clients nationwide of $62.5 million in investments — retirement money, family savings, nest eggs.Santarelli was charged Monday, Sept. 8, with one count of wire fraud and faces up to 20 years in prison if convicted, according to the U.S.

Beofre I consider an unsecured loan, I would love to hear if anyone on the site has any stories good or bad to share.

As someone pointed out, low-leveraged or un-leveraged property will cash-flow.

I assume by the proceeds you mean the cash flow coming from the propertyIn terms of risk and effort adjusted returns, in the current market, my opinion:tech monopolies (15-20%) > leveraged rental properties (15ish%) > S&P 500 (10%) > unleveraged rental properties (~8%). 

But also working on your debt ceiling too, get yourself worthy of getting 100k in an unsecured LOC when needed.3) When people say run the numbers, they mean learn what the deal factors are: As-Is value, Rehab needed, ARV, market conditions, rent numbers, insurance numbers. 

Hi David, Are you asking if you can get an unsecured line of credit for rehab funding with your LLC?

Some are unsecured, others are cross-collateralized across underperforming properties, and some fail to provide transparency about where your capital is going or how your return is generated.

Hello, I am interested in knowing how many others use personal loans as EMD, gap, at ever use it for projects less than $500,000? I post a lot on social media and lately I've noticed a shift kind of looking for other ...