As Yieldstreet tries to distance itself from a rocky past with a new name and ad campaign, its customers are dealing with a present reality that is increasingly dire.
The private markets investing startup, freshly rebranded as Willow Wealth, last week informed customers of new defaults on real estate projects in Houston, Texas, and Nashville, Tennessee, CNBC has learned.
The letters, obtained and verified by CNBC, account for about $41 million in new losses. They come on the heels of $89 million in marine loan wipeouts disclosed in September and $78 million in losses revealed by CNBC in an August report.
In total, Willow Wealth investors have lost at least $208 million, according to CNBC reporting.
Willow Wealth also removed a decade of historical performance data from public view in recent weeks. A chart on the company’s website showing annualized returns of negative 2% for real estate investments from 2015 to 2025 — down from 9.4% gains just two years prior — has been taken down.
