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  1. #1
    Administrator Reputation points: 55342 admin's Avatar
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    Exclamation Syndication Solicitations - Caveat Emptor

    Please be wary of any company offering syndication opportunities on the forum, especially those that are lesser known, using a free email account, or do not require formal contracts.


    A reputable funding company will conduct a background check on its prospective syndicates, be mindful of Anti-Money Laundering laws, and have professionally prepared syndication agreements.


    Do not send your money to any company willing to forgo basic diligence or agreements.


    It is up to you to conduct your own due diligence on any user or company posting on the forum.


    Buyer beware.

  2. #2
    Senior Member Reputation points: 50583
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    PREACH

    Please read above over and over until it is stuck in your brain. There are safe & secure solutions for syndicates and know that there is a PROCESS for you to be able to syndicate properly and lawfully in this industry. CYA (cover your _ _ _) is the second rule of business... common sense being the first.
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

  3. #3
    its not always about who has the coolest platform with the most bells and whistles...its more about who is behind the platform and actually paying you your splits

  4. #4
    I'm assuming something happened recently that prompted this alert?



    Quote Originally Posted by admin View Post
    Please be wary of any company offering syndication opportunities on the forum, especially those that are lesser known, using a free email account, or do not require formal contracts.


    A reputable funding company will conduct a background check on its prospective syndicates, be mindful of Anti-Money Laundering laws, and have professionally prepared syndication agreements.


    Do not send your money to any company willing to forgo basic diligence or agreements.


    It is up to you to conduct your own due diligence on any user or company posting on the forum.


    Buyer beware.

  5. #5
    AGREED!!!! Sustainability and track record means more than high end tech with bells and whistles. YSC knows what they're doing!!!

    Quote Originally Posted by isaacdstern View Post
    its not always about who has the coolest platform with the most bells and whistles...its more about who is behind the platform and actually paying you your splits

  6. #6
    More and more money keeps pouring into the industry by the truckload. All you need to say these days is the 3 magic words "Merchant Cash Advance" and with any sort of track record you can get folks to write big checks. All I am saying here guys is be careful who you syndicate with and use folks like SFS with long successful track records

  7. #7
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    Cresthill Capital actually does not offer ISO syndication for some of the reasons Admin (above) mentioned. We are more comfortable darting a 120k wire across the country then asking an ISO to participate in a deal.

  8. #8
    Administrator Reputation points: 55342 admin's Avatar
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    To anyone interested, we just had a scam posted on the forum. It is a common scam found online thanks to someone who pointed it out. This is what it said:


    Our Group is a venture capital firm specializing in growth capital
    investments.It seeks to invest in public and private securities in a broad
    range of areas including real
    estate, energy, oil and gas,emerging markets, and high-technology. Within
    the technology sector the firm focuses on communications, software,
    Renewable Energy Real estate services. They wish to loan out or invest
    between
    $1 Million-$500Million in any viable projects.

    If your company requires funding on an investor capacity, after review of
    your Business Plan
    we shall determine on the projects possible funding.This will be a private
    and confidential Investments..Endeavor to respond promptly if the
    investment proposal meets your company's proposal.

    Contact ****** at **** or *****



  9. #9
    The 500 million should be a flag..who comes to DF with 500M to seek investment opportunities.

    Quote Originally Posted by admin View Post
    To anyone interested, we just had a scam posted on the forum. It is a common scam found online thanks to someone who pointed it out. This is what it said:


    Our Group is a venture capital firm specializing in growth capital
    investments.It seeks to invest in public and private securities in a broad
    range of areas including real
    estate, energy, oil and gas,emerging markets, and high-technology. Within
    the technology sector the firm focuses on communications, software,
    Renewable Energy Real estate services. They wish to loan out or invest
    between
    $1 Million-$500Million in any viable projects.

    If your company requires funding on an investor capacity, after review of
    your Business Plan
    we shall determine on the projects possible funding.This will be a private
    and confidential Investments..Endeavor to respond promptly if the
    investment proposal meets your company's proposal.

    Contact ****** at **** or *****



  10. #10
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    They have $1M-500M to invest in deals, but don't have $15 to invest in a company email address

  11. #11
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Truth be told, there are some investors in the space whose minimum investment amount to be worth their time is $100 million. That and the fact that there are so many young companies eager to raise capital and with valuations through the roof, it can be easy for somebody to fall for a scam.

    Everyone do their homework! Ask industry vets on here for their advice if you have the slightest doubt about somebody asking you for deals, money, your business plan, etc.

  12. #12
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by GRP Funding View Post
    They have $1M-500M to invest in deals, but don't have $15 to invest in a company email address
    There is more of that happening, not just on the forum but in the industry. Yesterday someone was on here saying they were a direct lender doing up to $2 million per deal but they didn't have a website or real email.

    Do not send your deals to random people. It could be identity thieves trying to get the social security # of the applicants.

    Buyer beware! Be smart!

    If you're not sure about someone on here, ASK an industry vet!

  13. #13
    Veteran Reputation points: 134971 Chambo's Avatar
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    Quote Originally Posted by sean bash View Post
    There is more of that happening, not just on the forum but in the industry. Yesterday someone was on here saying they were a direct lender doing up to $2 million per deal but they didn't have a website or real email.

    Do not send your deals to random people. It could be identity thieves trying to get the social security # of the applicants.

    Buyer beware! Be smart!

    If you're not sure about someone on here, ASK an industry vet!
    Yeah, exactly....we are all sitting on tons of personal financial data. just flippantly passing off someone's Soc Sec # and bank statements to someone you have never heard of?

    That sort of carelessness, regardless of business, personal, whatever, not only will DEFINITELY get this industry regulated...but you might end up in jail!

  14. #14
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    Syndication Solicitations - Caveat Emptor

    This is a great post for everyone to learn more about the industry and to make smarter decisions moving forward. I'm glad daily funder is here to give knowledge and wisdom about our business so we all can grow together.

    Mike@SamsonPartnersLLC.com
    347-492-1801

  15. #15
    Senior Member Reputation points: 7162 TheShitzuofMCA's Avatar
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    Agreed! Had an international investor walking around our office I swear he looked like he killed a few people just that afternoon. lol A quick search of his generic american name (red flag!) John Smith for example, turned up he was not your typical business man to say the least. Be sure you know where they are getting their money...
    Last edited by TheShitzuofMCA; 09-29-2015 at 04:37 PM.

  16. #16
    Interesting thread... Yes, a lot of money has entered this space and its ripple effects are not all positive.

    We are a reputable direct lender who do offer syndication, with proper paperwork and reporting. Syndicate as little as your commission and up to 50% of the deal. Get a weekly remittance along with a report which is always made available. Shortly our CRM will give each ISO the ability to see their portfolio online with some clever features that will be disclosed soon. As the industry changes, technology will become more relevant and those to incorporate these technologies will have a better footing in the long term play in this dynamic industry. Together with the newly formed Coalition and self-regulating that's going on, we have opted to stay ahead of the curve and invite the similar minded to come on board.

    Fusion Capital
    www.fusionadvances.com
    info@fusionadvances.com
    305.907.6153
    1011 Ives Dairy Rd. 107
    Miami, FL 33179

  17. #17
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    Quote Originally Posted by admin View Post
    To anyone interested, we just had a scam posted on the forum. It is a common scam found online thanks to someone who pointed it out. This is what it said:


    Our Group is a venture capital firm specializing in growth capital
    investments.It seeks to invest in public and private securities in a broad
    range of areas including real
    estate, energy, oil and gas,emerging markets, and high-technology. Within
    the technology sector the firm focuses on communications, software,
    Renewable Energy Real estate services. They wish to loan out or invest
    between
    $1 Million-$500Million in any viable projects.

    If your company requires funding on an investor capacity, after review of
    your Business Plan
    we shall determine on the projects possible funding.This will be a private
    and confidential Investments..Endeavor to respond promptly if the
    investment proposal meets your company's proposal.

    Contact ****** at **** or *****


    OMG!!! I think I got an email that said this almost verbatim. That's wild!
    Andrew J. McDonald
    Director of ISO Development
    Yellowstone Capital LLC
    1 Evertrust Plaza
    Suite 1401
    Jersey city, NJ 07302
    PH - 347.464.0785
    FX - 646.213.1790

  18. #18
    Administrator Reputation points: 55342 admin's Avatar
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    Quote Originally Posted by admin View Post
    Please be wary of any company offering syndication opportunities on the forum, especially those that are lesser known, using a free email account, or do not require formal contracts.


    A reputable funding company will conduct a background check on its prospective syndicates, be mindful of Anti-Money Laundering laws, and have professionally prepared syndication agreements.


    Do not send your money to any company willing to forgo basic diligence or agreements.


    It is up to you to conduct your own due diligence on any user or company posting on the forum.


    Buyer beware.
    One user who posted on here soliciting investors ended up on the other end of a securities enforcement action and his post on DailyFunder was apparently entered as evidence against him: http://www.dfi.wa.gov/documents/secu...49-15-FO01.pdf

    Please remember that forum participation is only for lawful activity. If we suspect something otherwise, you will be banned.

  19. #19
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    How long is the company you syndicate with legally able to hold your undeployed cash if it is not a registered investment advisor?

  20. #20
    Karen37a
    Guest
    Thats a great Question staten and the reason I didn't take $$ to go into syndication from friends ex partners etc

    I did not want to hold the money, have temporary custody even for a second or pass it or be a conduit without being a hedge fund or RIA or send it to one?

    I have a guy who is on my team who was an "advisor" "hedge fund" dissolved his holdings because he couldn't turn a profit and it was just sitting there

    if you ever want to pm me or give me clue to that answer id take it.Or I could call you..id grab a pen and shaaddup and take notes,

    Last edited by Karen37a; 10-28-2016 at 01:58 PM.

  21. #21
    Absolutely agree with the thread. Unfortunately there are a lot of pitfalls to look out for. Over the years, Fusion Capital has entertained more and more syndicators who are interested in syndicating in deals on multiple platforms. That is why we developed our syndication platform to meet those interests and are now opening it up on a limited basis to reliable brokers who can generate consistent volume. We aren't looking for quantity, rather quality. On such relationships, we don't charge any fees, pay out weekly and provide good customers service to all involved, the merchants and you the broker. It's clear that the industry has shifted in a direction that makes it more challenging for brokers to operate. One way to overcome this is to participate in deals, increase your returns and create an alliance relationship. That is the future. Interested in joining? Contact us.

    Ace M.
    Fusion Capital
    1011 Ives Dairy Rd. 107
    Miami, FL 33179
    1.305.907.6153
    ace@fusionfunding.com

  22. #22
    Senior Member Reputation points: 3824
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    Syndication Solicitations - Caveat Emptor

    ^you don't charge a management fee?

  23. #23
    I have found the same to be very true.
    Kind Regards,
    Jordan W. Brennan
    President and Founder
    Brennan Capital Partners LLC.

    1-866-549-0821 Office
    1-631-588-8855 Fax
    1-646-397-0183 Mobile
    75 Air Park Drive
    Ronkonkoma, NY 11779
    https://www.linkedin.com/in/brennancapitalpartners
    https://www.facebook.com/pages/Brenn...8686981?ref=hl
    https://twitter.com/BrennanLending
    http://www.bcplending.com/

  24. #24
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    Great warning. TYSM

  25. #25
    Well Said!
    Kind Regards,
    Jordan W. Brennan
    President and Founder
    Brennan Capital Partners LLC.

    1-866-549-0821 Office
    1-631-588-8855 Fax
    1-646-397-0183 Mobile
    75 Air Park Drive
    Ronkonkoma, NY 11779
    https://www.linkedin.com/in/brennancapitalpartners
    https://www.facebook.com/pages/Brenn...8686981?ref=hl
    https://twitter.com/BrennanLending
    http://www.bcplending.com/

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