Henry
Unable to exit after Invested $70k 3 years ago
Invested $70k in early 2018 for a phase 1 of the project, which is the permit or entitlement phase, anticipated for a year to exit based on Thor investor document. So far, 3 years later, the project isn't able to exit and return capital. There is no exit options for investors, your money is stuck. Attempted to contact them many times but the answer has been the same for last 2 years: They need to get new finance or new investment before exit the previous ones, and permit is delayed (blame the city). And their term is that they won’t return your capital if too many investors ask to exit. In Dec 2020, I was told things will start moving soon and the new finance will be in for phase one to exit but after 5 months, no progress at all.