How would one go about finding a co-sponsor or guarantor?

[Harrison Rowe]

I've left corporate and have begun pursuing hotel deals of $6mil+. I believe I have the sophistication, but not the balance sheet or track record to do these deals. I understand that there are co-sponsors out there who help people like me. Where should one go looking?

I also understand that hotels are a small club. The reason I am pursuing them is because of the interest rate environment. They are still high yielding and possible to do these days.

[Hayden Harrington]

It will take some time to develop relationships to the point where someone is willing to be a co-GP or KP on your deals, especially if this is your first one. Your track record and experience are going to be very important when talking with potential partners. Most first-timers on larger deals don't lead because there are a lot of moving parts, so bringing a deal to a lead sponsor may be something to consider. Putting yourself out there and going to networking events is going to be one of the best ways to develop those key relationships. Good luck with your new journey!