URL:
Location:
Los Angeles, CA
Niche:
Single Family High End
Prior::
RealtyShares

Overall:

Communication/Reporting:

Track Record/Performance:

Sponsor Fees:

TriWest Development (TWD)  is a premier real estate development firm focused on luxury residential development in Southern California.

TWD focuses its investments on prime coastal locations with strong fundamentals, established markets and proven demand.

The firm has sold over 100 properties in the last three years with a strong track record of success.

TWD’s current portfolio consists of premier real estate with a value of over $200 million.

CrowdDD is your source for reviews and due diligence for Twiwest Development

Due Diligence & Discussions

Share your experience. Rate and comment!

C H

Jun 04, 2017

I have invested in 8 of their deals through RealtyShares. Communication has been an issue with the sponsor and on the later projects, the sponsor started running into issues with going over the budget/permit issues. I will probably not invest with the sponsor again. 

Pamela Kennedy

Apr 20, 2017

I invested in Roblar Place with TriWest through RS.  Bad experience. There were delays in selling the property but RS submitted a spreadsheat stating what our possible outcomes could be.  TriWest succeeded in selling the property at full asking price but still did not pay our principle back in full.  Citing cost overruns.  Will never invest with them again.

Kevin McIntosh

Mar 01, 2017

I invested in 8 Triwest deals, the first 4 provided very good returns and went smooth, 1 is in escrow and is 8 months past est. completion but looks like it will generate a reasonable return, the other 3 have had long delays and are well over budget (2 are now listed for sale and 1 is to be listed very soon). The last 3 projects may result in a loss or very low rate of return once sold. Great start for them, but looks like they took on more than they could handle and ran into major operational issues. 

Alex Trepetin

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.

James Bobbett

Feb 02, 2017

I invested in a 16 month "rebuild and sale" of a luxury home by TriWest on the RealtyShares platform.

- At the 16 month point they suspended the monthly preferred payments.

- At 17 months they said they were 4-6 weeks from listing home for sale.

- At 18 months they said they were 6 weeks from listing.

- At 20 months (currently) they say they are 3-4 weeks from listing.

I will not invest with TriWest again.

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Tri-West Development Tri-West Development
Rated 1.7/5 based on 15 customer reviews

TriWest Development (TWD)  is a premier real estate development firm focused on luxury residential development in Southern California.

TWD focuses its investments on prime coastal locations with strong fundamentals, established markets and proven demand.

The firm has sold over 100 properties in the last three years with a strong track record of success.

TWD’s current portfolio consists of premier real estate with a value of over $200 million.

CrowdDD is your source for reviews and due diligence for Twiwest Development