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Updated almost 5 years ago on . Most recent reply

Shannon Hogan's profile image
Shannon Hogan's profile image
Shannon Hogan
  • Real Estate Broker
  • from Chicago, IL
  • Member since Dec 29, 2016
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User Stats

37
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11
Votes
Shannon Hogan's profile image
Shannon Hogan's profile image
Shannon Hogan
  • Real Estate Broker
  • from Chicago, IL
  • Member since Dec 29, 2016
Connect
Shannon Hogan
  • Real Estate Broker
  • Chicago, IL
11
Votes |
37
Posts
Commercial Real Estate Investing

What’s required for a sponsor to do a deal with a newbie

Shannon Hogan
  • Real Estate Broker
  • Chicago, IL
Posted

BP

Why is it so difficult to find a sponsor? What are sponsors looking for in a commercial deal? For an example, I'm looking to do my first commercial syndication deal but I need a sponsor. The deal is a 5 unit strip with one municipal tenant and 4 AAA/NNN 10+ yr contracts. It's has a 6% cap rate.

Is it something else besides the numbers in the deal? Is it a certain personality trait in the newbie?

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