Looking for syndicator that refinances, keeping equity position

[Steven Kleppin]

Hi everyone. I know BP Podcast has interviewed at least 1 syndicator that doesn't sell the property, instead keeping it and persistent cashflow distributions. I was wondering if anyone has invested with a syndicator like that. If you are one, please feel free to shoot me a message to connect! 

I'm not accredited but am an LP in a couple other "regular" syndications. Thanks!

edit: They would re-finance the property and get most of the initial investment to the investors, but hold the property long-term with the same equity stake.

[Spencer Gray]

We have used this model in a number of projects, refinancing and returning 30-130% of original capital back to investors to "de-risk" the asset while everyone maintains their equity ownership / % for a longer term hold. We don't typically advertise a target refinance date or amount unless it's an essential element of the business plan (heavy value add), but include it as a preference within the first 1-4 years of ownership.