First Syndication Roadblocks

[Francisco Perez]

Hello Everyone,

I'm starting my first syndication after investing in smaller single and multi-family residences and I'm running into some roadblocks that I hope I can discuss with you in the forums. Plus, it's worth mentioning that this is NOT a promotion for an offering, just an honest question and discussion.

I just finished talking to the lending team, and I'm falling short of a partner in the local DFW MSA that's high-net worth and has had prior experience with deals in the area and similar asset class. I'm in no position to stand as a loan guarantor since this would be my biggest project yet, and I've made contact with potential partners that meet the high-net worth and prior experience criteria. However, as of this writing, I have yet to get in contact with a potential partner that could check all the boxes to be able to secure financing. Ideally, I would take all responsibility of asset management and the partner would bring the additional experience and loan guarantor responsibilities into the team.

How would you tackle this roadblock to get to the finish line? Which networking groups can I join to get in contact with individuals that can fit the criteria to secure lending?

I'm working tirelessly to get my first syndication deal completed and under my belt, and I've devoted countless hours to prepare myself to be able to get this done. Any inputs on this is highly appreciated! THANK YOU!