Waterford Loan Fund LLC, Waterford Funding LLC
Travis L. Wright
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Waterford Loan Fund LLC, Waterford Funding LLC
- Industry
- Unsecured promissory notes marketed as real estate loans
- How investors were recruited
- Direct sale of promissory notes to about 175 investors
- Pitch & red flags
- Notes said to be "secured by interests in a trust" (none existed); funds supposedly used "only to make loans secured by commercial real estate"; would "never lend more than 50% of the value of the real estate"
Pitch phrases from this case
- “never lend more than 50% of the value of the real estate”
- “only to make loans secured by commercial real estate”
- “secured by interests in a trust”