Bequest Asset Management

Update, 8/25/2026: On 8/14/2026, Bequest responded here stating, "Payments of Operating Preferred Return have now resumed." Eleven days later, we have received nothing further. Our capital came from the sale of a family business, invested specifically to generate income while our twins finish college. Bequest's own response above confirms our cash return to date stands at 0.6% against the 12% per annum rate we were promised in writing. Future investors deserve to know the distance between what Bequest states publicly and what actually reaches an investor's account.

My two-year holding period ended back in September 2025. I asked for my money back in February 2026 and you haven't returned any of it. It is now the end of August 2026. You stated that SitusAMC, your independent mortgage valuation firm says there are $21.376 million of assets there. I have made numerous calls and sent multiple emails attempting to get answers on the return of my monies, yet my attempts have gone unanswered. Given the circumstances, this lack of communication is unacceptable. I want my money. The assets are there.

BeQuest finally provided investors with updated statements today. They have been taking capital to fund distributions not just for a year, as they initially implied, but for at least four years. Only a third of my distributions were actually real returns, the remainder were a return of capital. While I thought that I was getting a 9% return, in reality I was getting closer to 2%. The principal that I had with them is now 29% less as a result of the distributions now being re-classified to being a return of capital.