Rolling acquisition fee into deal equity at closing (Syndication)

[Account Closed]

When just starting out in syndicating, if the syndicator does not have enough capital to buy into the deal (which I understand is necessary for newbies to promote investor confidence) can he/she simply roll all/part his acquisition fee into the deal at closing? If so, what does that look like? Is it all handled in the closing process by the title company or will a bridge loan of some sort be needed?

[Charles LeMaire]

@Account Closed - I feel that you need to do a lot of homework: books, podcasts, mentor, meet-ups, something.  I am a repeat passive investor; your questions concern me greatly.  

You seem very concerned about your personal cash flow during the deal, which makes me think you are attempting to invest only/mostly your sweat.  I know that worked in a buyer's market 6 or 7 years ago.  Frequently, then one sponsor would put a deal together with limited cash.

But today in a seller's market, I'm not sure you will get that far.  Today, it is my perception that most deals require HARD MONEY to get the deal.  And you will likely have to impress a broker/realtor enough to put your offer through.  And the syndications attorneys are not cheap.  And there are expenses associated with due diligence.  You have to front those before you can raise funds.

Please do your homework.

Regards,

Charles LeMaire