Questions for Syndication GPs

[Russell Beach]

To those who have been GPs in multiple apartment syndications.....

1. What were your first 3 or 4 payroll positions you added to help execute your syndications business?

2. How many syndications did you execute before hiring these positions? Did you do the first deal without any support?

3. For your first 2 or 3 syndications, what % of the raise was from you personally?

4. Did you take on a guarantor to secure financing? What was their fee?

4. Did you jump into a 506(c) on your first syndication or did you take on "sophisticated" investors and do a 506(b) exemption?

Very serious about moving into my own syndications and have really found a lot of value in all the posts about syndications here so far. Thanks in advance!

[Jeffrey Donis]

@Charles Seaman great response! It's interesting that 89% of deals are 506(b) offerings. @Russell Beach If you have a lot of accredited investors in your network (enough to fund your equity investment), then a 506(c) might be a good option. Just a thought! I'd encourage you to consult with an experienced securities attorney. The best type of offering may vary depending on your pool of investors and the deal.