BERGFÜRST awful investments
I made 5 investments with Bergfuerst, no one is going well. Just as an example: I provided money more than 4 years ago, there are no information for the last 9 months, it is written that the investment has to be closed within March 2025 on their platform.
Reply from Bergfuerst:
you will always receive the latest information in your digital mailbox in your BERGFÜRST account.
The BERGFÜRST support cannot send you any other news. Only the issuer itself or the security trustee can do this - and they only ever communicate via your digital mailbox. In this respect, I must ask for your patience or refer you to your mailbox. The information provided there will always reflect the current status
I leave the judgement to readers
Reading your answer you did not catch the issue. You do not care of your investors. I showed a case where there is no inputs for many months, already reviewed commitments are past due and you say I cannot do anything. It's a shame.
Reply from BERGFÜRST
Hello Mr. Noce,
As stated in various places on the website and in the investment documents, the property-based offers on BERGFÜRST are exclusively risk investments that offer interest rates of up to 10% p.a.. The risk lies in particular in the fact that property projects - especially building construction projects and subsequent sales - may not be carried out by the initiators as planned.
Since the end of 2021, the property market - both nationally and internationally - has come under increasing pressure. Pandemic-related after-effects, the war in Ukraine and a sharp rise in construction interest rates have made numerous projects considerably more expensive. At the same time, a growing reluctance on the part of banks and investors is causing noticeable uncertainty on the market. The issuers on BERGFÜRST also have to deal with these general conditions and the projects cannot be seen in isolation from the context outlined above. For some projects on BERGFÜRST, this led to delays and in these cases the inherent risk of this form of investment became apparent.
Nevertheless, if there are delays in projects or payments to investors, this does not necessarily mean that the investment will be cancelled. On the contrary, extended terms can open up scope to exploit better sales opportunities in a stabilising market.
Furthermore, if a project gets into difficulties, in the majority of cases this means that payouts are delayed - and not that the entire project has failed directly. Solutions then usually have to be found through time-consuming procedures that demand a great deal of patience from all those involved. During this phase, investors receive accompanying updates on the project situation.
Best regards, Your BERGFÜRST Team