Help! 1st Time Raising Capital in Denver - $2.8M Student Housing

[Steven Gilbert]

My Question: What are the most effective ways you've been able to raise capital in Denver?

The Problem: I am struggling to find enough accredited investors to pitch this deal to.

The Details: I've been privileged to receive an invitation to join an experienced general partnership working on a student housing complex in Denver - The complex is under contract for $2.8M. The deal has the debt set up but the equity portion is only 50% funded (25% funded by the general partnership). It's a value-add deal with high projected returns (A very conservative projection of 19% IRR for a 3-5 year disposition). We have till mid-December to close. The team has tasked me with raising the remaining capital. We have all legal documentation in order including the operating agreement and PPM which was drafted by a licensed attorney.

What I've Tried:  I have gone to local meet-ups, reached out to friends, reached out to family, and tried networking on LinkedIn. I truly believe this is a great opportunity for accredited investors - but I can't find enough to pitch this deal to.

Disclosure: I am not posting on BP to find investors - I am here for advice on how to find investors in the Denver Area.

[Steven Gilbert]

@Scott Mac It would be great to be in a Yacht Club. Even though this is new for me, I am grateful for the opportunity to contribute to this partnership. I appreciate the advice of who I might be able to reach out to, I have people like that in my network I haven't spoken with yet. 

We are running a 506(c) fund, so I hope posting a question like this in a forum wouldn't violate any SEC guidelines!

@Chris Levarek Words of wisdom. I fully agree - I wish I had more time to raise these funds and will be more diligent in building a network much sooner in case another great opportunity like this arises. They brought me into this deal 2 weeks ago. We have backup options for funding so the deal doesn't fall through, but it would be more profitable for everyone involved if we can source Debt from the bank as planned - we've secured very good terms contingent on our LTV.