Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

10
Posts
5
Votes
Steven Gilbert
5
Votes |
10
Posts

Partnership Agreement: Pro-Rata GP Equity for Capital Raising

Steven Gilbert
Posted

The general partnership has 500k left to raise (Approx 50% remaining) in a 506 (c) fund. There are three GP's, the capital partner, the operator, and the fundraiser... 

30% equity stake in the GP is reserved for raising a total of $1M, it is pro-rata. Since only 50% is left to raise, the stake up for grabs is 15%. Any member of the GP is allowed to raise the funds needed and will be rewarded with additional equity in the GP at the time of acquisition.

Trying to write a General Partnership Agreement to capture this offering. 

Any tips on what verbiage to use in this part of the agreement? 

Loading replies...