$208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth

O que extraímos desta fonte

The claims Via News extracted from this document. We point to the source; we don't replace it.

• CNBC's reporting on new real estate defaults and rising tally of losses is a rehash of news on investments from five years ago

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• We understand this is difficult news to receive. We share in your disappointment.

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• Yieldstreet had to change their name because their old name had negative value to it, so they're trying to do a 2.0 to restart things

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• Private investments would provide both higher returns and lower volatility than traditional assets

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• Portfolios including private markets have outperformed traditional ones for the past 20 years

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• They claimed they were going to democratize access to the types of deals only the rich had. In reality, they created a high-risk trap for investors.

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• Failures were caused by the Federal Reserve's interest rate hiking cycle in 2022, which made repaying floating-rate debt harder

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• This building was majority-owned by YieldStreet and the property was never operated either by Flow or anyone associated with Adam. The building has been sold and Flow no longer has a minority interest nor any involvement in this property.

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• Your equity investment is expected to incur a full loss after selling Stacks on Main

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• The property was unable to generate sufficient revenue to pay monthly debt service and operating expenses and went into foreclosure, resulting in a full loss of the equity

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• Transparency is paramount to us, and we consistently provide strategy-specific performance information for each manager at the offering level to support informed decision making

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