Novato real estate lender under investigation

More than 100 investors in Pacific Private Money, a Novato-based real estate lending company, are wondering if they will ever see their money again.

“There are so many questions that nobody has a clear answer to,” said Dennis Xifaras of Burlingame, who invested $450,000 with the company after hearing one of its radio advertisements several years ago.

PPM operates a group of investment funds, and Xifaras deposited money in several of them. The company represented that it had tens...