Does This Make Sense? Syndication Question

[William Coet]

Hello,
A syndication closed on a multifamily property several months ago and they are still raising funds for the property. 
They say that the money raised will go toward reserves. 
As someone with no experience investing into a syndication, is this normal, a red flag, or possibly ok depending on other variables?

Thank you in advance for any insight.

[Gino Barbaro]

@William Coet

It is not uncommon for groups to continue to raise. They had enough to close, but need additional money to rehab the property.

Did they state the amount they needed? I would not feel great if the stated they needed x, then got x, and figured out they needed more after they closed.

I would get a breakdown of what they reserves are going to be allocated toward

Gino