Trying to fund a 72 unit new construction complex - GSO NC

[Patrick Nickerson]

Hey everyone! I am working on a deal right now that is a 72 unit new construction with surrounding land that could be purchased down the road to add another 125 units. In total the current 506B real estate fund is a $2M dollar fund. Im proud to say that the fund is 40% raised - but I have a long way to go and its proiving to be quite the challenge! The fund is going towards acquisition costs and principal. 

a little bit of info on the fund....

8% annual
2.5 equity multiple
5-7 year fund
Minimum $10k investment
1% acq, 1% mgmt, 1% disposition fee

Anybody out there have any contacts or know anyone that could help with the capital raising?

Anybody out there have any experience successfully managing a crowdfund type acquisition? Any recommendations or best practices?