Verify, then trust
“Trust but verify” doesn’t work so well when it comes to your money. So let’s verify first.
The First Step to Closing More Deals
‘Verified’ means we’ve reviewed all sponsor principals looking for any red flags. Sponsors with the ‘Verified’ badge have:
No personal or business bankruptcy petitions for controlling principals of the sponsor in the past seven years.
No unfavorably resolved lawsuits involving allegations of fraud or similar misconduct made by investors.
Passed a background check with no felony criminal convictions in the past seven years.
Signed the Verivest Code of Conduct, committing to following the law and being fair, honest, and accurate in all dealings.
No regulatory sanctions in the past seven years.
The New Gold Standard for Real Estate Investing
Designating a sponsor as ‘Verified Gold’ means we have verified a material sample of the sponsor’s reported track record of investment performance. Sponsors with a ‘Gold’ badge have also passed background checks, agreed to our code of conduct, committed to provide the following information, and more:
10 Year Deal History: List of all closed deals for the last 10 years for the current operating entity (or 100% of all deals done by the entity if the entity is less than 10 years old.)
Former Entities: List of all entities used by any sponsor principal in the last 10 years or an explanation of what happened.
Former Entities Deal History: List of all completed deals by former entities, including a statement that none of those deals failed to return 100% of capital to investors.
Current Open Deals by Other Entities: Statement that none are materially impaired, or identify any deals that are unlikely to return at least 100% of capital to investors.
Information Statement: User attests that all information provided is true and complete, and agreement to provide sponsor statement to investors upon request.
Continued Track Record Verification: Sponsor agrees to submit, on an annual basis, additional deals that have gone full-cycle for verification after initial track record verification.
The Value of Verified
Verification is the baseline for doing business.
It’s the additional transparency to help you find and invest with sponsors that are committed to the highest business standards.