Type:
Real Estate
Focus:
Equity

Overall:

Platform Provided Due Diligence:

Platform Fees:

Quality of Deals:

WebsiteDiversyFund

Phone858 430-8528

SEC REG - USES 506(b) - Open Investments can NOT be advertised nor publicly discussed

DiversyFund is a San Diego-based asset management company that provides a wide variety of real estate projects for investors. Over the last 10 years, they have spread throughout Southern California area by providing great returns to investors. More than 90% of their business is repeat investors. In 2013, they placed more than $27 million that experienced a continuing uptick in returns.

Rather than becoming increasingly larger, the company made a concerted effort to operate with a experienced staff of reasonable size to provide personalized experience to clients. Their smaller size also allows them to respond quickly to changes in markets and devise creative solutions and opportunities that larger companies cannot.

The company was founded by Craig Cecilio, who acts as President. He graduated from the University of Colorado at Boulder and subsequently moved to the San Diego area in the late 1990s. He got involved in finance and real estate development at that time and grew his career in those fields.

Their crowd funding arm is called DiversyFund, which provides individual real estate syndication. They find low risk real estate investment projects, carefully assessing to make sure they are high quality. Once approved, the deals become available to investors who can see returns on their money as quickly as six months. Eight to ten percent yields are common, and is a perfect fit for investors looking for low risk, faster returns and the flexibility to make the funds available in the future.

The company is experienced in providing alternative financing for developers, real estate investors and those that own investment property. They have been able to create lending programs as a result of their experience with over $500 million in real estate. Their services include lending, rehab and renovation construction, joint ventures, loan servicing and document preparation. 

They are primarily offer Real estate Debt deals with a yield range of 11-12%.  They use SEC Rule 506(b).

Due Diligence & Discussions

Share your experience. Rate and comment!

K B

Sep 26, 2017

I invested in 2 Diversyfund deals paying 18% for new construction development. One matured early while the other is still under construction. Their updates are fairly timely, and include photos of the construction project, but their transparency of the transaction is lacking.

Now today, I discovered they sold my email address to another unrelated company, in a different industry! I use unique email addresses for each platform I sign up with, and low and behold, I am now getting spam from another company, using the Diversyfund email address I set up. Bad, Bad, Bad! What other personal financial information of mine are they sharing. Once this last investment winds down, I am outta there! Buyer beware!

Reply By: Platform

Sep 27, 2017

Hi KB,

Glad we were able to speak for a few minutes before. As you know, DiversyFund's privacy policy forbids sharing investor information with third parties and any possible violation of this policy is extremely concerning to us. The spam you received could be the result of the spam bots that seem to find us all, but we want to investigate to see if there was any possible misuse of information. Please forward a sample to investorrelations@diversyfund.com and our Chief Technology Officer will investigate.

On a happier note, glad you were able to earn an 18% return on your DiversyFund investment and we look forward to paying out the full 18% on your other deal when it matures.

Gillian Vapnek

Director of Investor Relations at DiversyFund

Reply By: User

Oct 16, 2017

Gillian,

You can certainly review your IT security better than I. All I know is the email I used with Diversyfund, was never posted on a website other than yours. It was only used to sign up on your site. You either have a leak or had somehow allowed bots into your website.

Yes the 18% was good but - you folks cashed me out after only 2.5 months, when the term of the loan was supposed to be 9mos+. Hardly worth it. And you withdrew my funds a full 2 weeks prior to accruing interest to me. So that makes it 2 mos of interest.

Now the other project that I invested in, you have fired the builder and replaced him mid project. Doesn't look good for Diversyfund due diligence of contractors, and project management.

Worried ...

Arnab Bagchi

Feb 04, 2017

DiversyFund brings fairly lucrative debt/pref equity deals, at least on the face of it. My experince, based on a couple of high yielding debt investents, has been mixed. At the outset, their platform is very basic, information is limited and documentation very cumbersome (all paper, no digital documents for example). Customer focus is low and it was at its lowest when one fine day the debt division was closed and debt servicing group was outsourced. While one debt deal matured and returned >18% return in a year, the other is in default and Chicago title company is now following through on the recovery with minimal communication. Difficult to trust a platform with such track record.

Reply By: Platform

Oct 19, 2017

 

Arnab,

It sounds like you're talking about CCFG, which was a separate and distinct loan originator and servicer owned by Craig Cecilio, CEO and Founder of DiversyFund. Craig has since closed down CCFG. I invite you to check out DiversyFund's website (diversyfund.com), where you will find detailed information about all our current offerings. Everything is now digital, including investor subscription documents. There's no paper to print out and everything is handled online.

Regards,

Gillian Vapnek

Director of Investor Relations at DiversyFund

investorrelations@diversyfund.com

Top 5 by Overall Rating
At Watermark Partners Real Estate, we raise and actively manage funds for the acquisition, improvement and management of
MLG Capital is a Real Estate Investment Manager that utilizes the skills and expertise of the MLG Family of Companies. S
ApexOne Investment Partners is a privately held real estate investment firm and fund manager. Our platform was created t
Avistone is a real estate investment management firm with expertise in the acquisition and operation of multi?tenant ind
Xebec Realty is a private, vertically integrated real estate firm that focuses on the acquisition, development and manag
Website - CrowdStreet Phone - 888 432-7693 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed CrowdStreet allows accredited investors to purchase real estate investments through their platform, which is essent
URL - Fund That Flip Fees - 2% to 4% loan points as an origination fee deducted from loan funds at loan closing, plus 1% to 3% interest rate spread taken from loan repayments over the course of the loan. There is no cost for investors to sign up and
Website - Real Crowd Fees - NONE Phone - 800-286-1602 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed Real Crowd is a private, secure, and simple-to-use online platform for accredited investors to assess, r
Website - EquityMultiple.com Fees - .5% annual asset management fee on equity + 10% carry Phone - 646)-844-9943 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed EQUITYMULTIPLE is the only online investi
Website - Instalend.com Fees - 1-4% annual management fee (spread) Phone - (480) 624-2599 Through its online real estate crowdfunding marketplace structure, InstaLend makes it possible for investors to achieve higher rates of return on
DiversyFund DiversyFund
Rated 1.9/5 based on 6 customer reviews

WebsiteDiversyFund

Phone858 430-8528

SEC REG - USES 506(b) - Open Investments can NOT be advertised nor publicly discussed

DiversyFund is a San Diego-based asset management company that provides a wide variety of real estate projects for investors. Over the last 10 years, they have spread throughout Southern California area by providing great returns to investors. More than 90% of their business is repeat investors. In 2013, they placed more than $27 million that experienced a continuing uptick in returns.

Rather than becoming increasingly larger, the company made a concerted effort to operate with a experienced staff of reasonable size to provide personalized experience to clients. Their smaller size also allows them to respond quickly to changes in markets and devise creative solutions and opportunities that larger companies cannot.

The company was founded by Craig Cecilio, who acts as President. He graduated from the University of Colorado at Boulder and subsequently moved to the San Diego area in the late 1990s. He got involved in finance and real estate development at that time and grew his career in those fields.

Their crowd funding arm is called DiversyFund, which provides individual real estate syndication. They find low risk real estate investment projects, carefully assessing to make sure they are high quality. Once approved, the deals become available to investors who can see returns on their money as quickly as six months. Eight to ten percent yields are common, and is a perfect fit for investors looking for low risk, faster returns and the flexibility to make the funds available in the future.

The company is experienced in providing alternative financing for developers, real estate investors and those that own investment property. They have been able to create lending programs as a result of their experience with over $500 million in real estate. Their services include lending, rehab and renovation construction, joint ventures, loan servicing and document preparation. 

They are primarily offer Real estate Debt deals with a yield range of 11-12%.  They use SEC Rule 506(b).