FundriseReviews of fundrise.com

I requested in 2 month ago withdraw and close my account, Fundrise.com told me NO, because we are in middle of the corona virus crisis.

Put in $1k and after several months it’s made less than 2%. That’s not good at all, I rather have my month in a savings account. On top of that, you can withdraw when you want so who knows when this company or IF this company would give you your money back. I highly suggest you stay away and invest in something else, maybe some index funds.

Filed to try to get my investment $ back 6 weeks ago...on the day i was supposed to be finally able to withdraw my $ I get this message....we are a family of 4 struggling to pay bills in this uncertain time and Fundrise will not allow me to withdraw my $...They will cite some fine print in their agreement but it is really hurting our family and I would not recommend people locking up their money...on top of that they cannot give me a time that I can withdraw my $....Here is the response I got from them after waiting 6 weeks: Given the unprecedented level of disruption and ongoing uncertainty caused by the global coronavirus (COVID-19) pandemic, Fundrise Advisors, in our capacity as Manager of the eREITs and eFunds, has determined that it is necessary at this time to suspend the processing and fulfillment of redemption requests. While under normal market conditions, we seek to provide investors with the ability to redeem their investments on a regular basis, during times of financial crisis or extreme uncertainty, it is absolutely critical that we suspend redemptions in order to protect the interests of all our investors. As Manager, we have an obligation to make decisions based upon what is best for the entire Fundrise investor community and must always put the priorities of the whole above any one individual. Fundamentally, Fundrise investors own real property, which is simply not liquid. In conditions such as those we face today, fulfilling redemption requests would require us to either substantially deplete vital cash reserves, or, even worse, potentially sell assets into a down market, likely at a price far below actual value. We believe that either of these actions would materially increase the risk of unnecessary loss or otherwise avoidable problems for the vast majority of our investors who have not requested to redeem and intend to stay invested for the long term. We recognize that the current coronavirus pandemic is evolving every day and therefore the situation may change rapidly. Accordingly, once we conclude the risk from the crisis has receded and the market has returned to more normal conditions, we expect to resume processing redemptions. However, at this time, ensuring that the portfolios are strongly positioned to weather even the most severe downturn is the prudent decision. We are aware of the fact that this may be a difficult time for some of our investors and want to reiterate that this was not a decision we have taken lightly. As always, we are available to answer any questions at (their email was here)

Invested thousands dollar and redeemed them within full refund period. That is no full refund. The refund is part of original fund and dividend. That is cheating. The result is a little less than my original fund. How they claim full refund? Not the way you think. You must look into all agreements. Furthermore, checking tax statement, the dividends are there, which mean you have to pay tax fee. If you put the money for long term and maybe get profit. Otherwise, stay away such cheating company. Such trap and don't jump into it.

This is a scam. I put my money into it last year, I put a request in to redeem my money (even if I have to pay a fee) they sent me an automated email (that other investor has received as well) that I have to wait till November of this year and that it is not a guarantee that they will release my funds. It is a scam, do not put any money into this fake company. There is no customer service phone number either. Do not do it. I am worried I will never get my money out.

I think the 4/5 star reviews are such because they have not gone through the redemption process!!!! I am in the process of trying to pull my money out and completed the redemption request yesterday 9/11/19 and this is what the auto responder sent me: "Your request for redemption has been submitted and we expect to process your request on November 30, 2019, however there is no guarantee that your request will be fulfilled. We’ll be in touch with more information at that time." Based on the other reviews it looks like there are other people who have experienced the same issues. There is no customer service number for you to reach anyone either. I'm concerned this company is probably a scam. Unfortunately I will not be able to find out if my money is deposited until November.

Worst investing experience I have ever had with a crowd funding base. Took 3 months to get my money back, lost money, they didn't deposit all of my funds, and they have no direct way to contact them. Must go through email. Which they still have yet to reply. I am going to report them to the better business bureau. I am absolutely done with this company.

I don't understand how people could say that this is good customer service you can't even get ahold of these people I searched online for their customer service number as search online for their contact nothing came up you also cannot contact him through the red site because it does not have a contact link on the website have been trying to get my money out I don't know what else to do besides a lawsuit