Need Input on Deal Structure - Large Commercial NNN

[Warren Marshall]

Hey guys, 

I'm working on structuring a NNN commercial property for JV. It's a $15,000,000 commercial complex with national AAA tenants that is projected to return 7% Cash on Cash Return day 1 (after vacancy, structural reserve, mgmt, 65% non-recourse financing, and non-recoverables) with an additional equity pay down of 6.7% per year. I'm working with a mentor that has been doing these types of deals for 35+ years but he hasn't done one this big in a while and worried we don't have enough investors to raise $5.3m before closing (once the offer is accepted). We have successfully raised $1m-$2m easily in the past.. within hours of releasing deals not as good as this one... However it's a much bigger raise and our unit prices would have to be triple what they have been in the past, $250k each minimum. Looking for input.

Thanks in advance, 

Warren