Feb 03, 2017
Same experience as first few commentators.
Triwest uses a bit of a deceptive capital structure which took me a year or so to figure out- after a debt investment lost principle, which didn't make sense from my understanding of the deal.
Triwest "invests" in their deals, not as equity (like most developers do), but as 2nd position debt, alongside (pari passu) outside investors, which greatly limits their downside risk, and transfers it to investors.
Will not invest with them again..