- Yieldstreet is one of the best-known examples of American startups with the stated mission of democratizing access to assets such as real estate, litigation proceeds and private credit.
- But some Yieldstreet customers who participated in its real estate deals face huge losses on investments that they say turned out to be far riskier than they thought.
- Of 30 deals that CNBC reviewed information on, four have been declared total losses by Yieldstreet. Of the rest, 23 are deemed to be on “watchlist” by the startup as it seeks to recoup value for investors, sometimes by raising more funds from members.
- Yieldstreet said some of its real estate funds were “significantly impacted” by rising interest rates and market conditions. — CNBC