On April 17 2026 we received notice that the bank is forcing the sale on one of the two assets in the fund and they expect it to be a total loss. This was about 2/3 the value of the fund so that is frustrating. It’s taken me a month to decide to write this and trying to be fair here.. The GP stated that they did everything they could in order to save the asset. They claimed to have put 2 million in as the GP that they weren’t required to do. I’m not sure if I believe them, but I don’t know how to verify that. The letter seemed genuine, and it was a different vibe and style of communications. It was clear, thorough and apologetic, nothing like what they sent before. The other asset is doing ok it has a fixed rate debt and a few more years to maturity. Operationally, they are financially ahead of projection on that deal but not making distributions for what they call partner level capital priorities.. I sent them an email to ask what that means whether they expect future Capex or Building reserves, since they have completed the entire business plan renovations. I don’t really see any reason behind that. I have not received a response back yet so I can’t really say why they’re doing that. Two weeks after they sent the letter, they sent another one stating their company (MC companies) is merging with (bridge founders group) and now refer to as (the founders group). I’m not sure, maybe it’s the timing or the fact that I feel jaded, but it seems suspect to me. I wonder if it’s not part of an effort to clean the slate so to speak, so of future investors ask about their past performance they won’t have to expose the loss. Ken loves to go on YouTube and proclaim how other operators who are New have lost deals, I wonder how he would describe an experienced operator, such as himself who did the same… I won’t make this a 1-star review, They are not a fraud, they did not steal my money. I believe that their underwriting was too aggressive. Based on my experience, I would not do business with them again.