The Mortgage Fund '08 LLC, R.E. Loans LLC
Walter Ng, Kelly Ng, Bruce Horwitz
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
- The Mortgage Fund '08 LLC, R.E. Loans LLC
- Industry
- Commercial real estate loans secured by deeds of trust (pooled mortgage funds)
- How investors were recruited
- Targeted investors primarily in the San Francisco area; investor dinners
- Pitch & red flags
- Called "safe and secure"; said new fund would "replicate the success" of the earlier fund; touted "purportedly positive performance"; MF08 called a "fantastic success" while loan defaults rose