May 02, 2017

6 deals on Ifunding with 5 closed. I had my best return on one investment thru Ifunding which approached 50% but the other 4 deals were less than 5% annualized.

Poor communication, lack of inventory, internal strife, and turnover within the organization makes it hard for me to recommend this entity.

Feb 04, 2017

I made 3 debt investments with iFunding. They all have done well till now...2 of them returned without a hitch while the 3rd one is still working with on time payment of interest till now. They communicated with every distribution every month, resolved issues fairly whe raised and delivered on their promises till now. However, their deal flow has gone dry over several months now and their fees increased from when I first invested. Being such an inactive site, I am not much engaged with them any more except to track my last investment that will run for a few months more.   

Feb 03, 2017

I am currently invested in four deals totalling $110K at iFunding.  I began investing in March, 2016, choosing new multifamily opprotunities. The initial documentation seemed complete, the terms attractive, and I felt comfortable investing.  However, there has been a very clear decline in the past few months.

1 - Communication.  The "chat now" box has not been monitored since mid December 2016.  The postings come monthly with the distributions, but are generally only announcement of the distribution. (with some exceptions)

2 - Investment opportunities.  There have not been any new investments available since November 2016.  Not a good sign to log on to the site and see "No opportunities availalbe"/ Also, the user experience of the site is pretty low, compared to other CR sites.

3 - Current investments.  For my four investments, all two are current.  However, the other two paid up only until the escrowed interest was exhausted.   I had to call, and the explanation was "we are transitioning from escrow to borrower pay, but also don't wan't to take money from the development funds - you may not receive any more distributions until the units are sold".   I did get much better information on the project progress, and do feel better that the investment will be fully paid - eventually.  

4 - Site future.  Based on the low communication, the fact there are no new deals available, this appears to be a site with no future.  I hope it is around long enough to manage my investments.  :-)

Jan 30, 2017

I have not invested with iFunding in over 18 months. I can not speak to their underwriting now, but in the past it was below average to poor in my opinion.  They have changed their business model, fee structure, and personal often over the past 3 years. They are a 506b platform which adds an extra layer of fees to your investment and a lack of transparency. They've had their fair share of problem investments from the first couple of years. I no longer check their site for new investments