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Updated about 14 hours ago on . Most recent reply

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19
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7
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Gabriel Fung
7
Votes |
19
Posts

Are there banks that lend to Syndicates?

Gabriel Fung
Posted

Hi Team!

I have a syndicate of investors for a real estate project that requires about $2.2M in capital. Currently I have about $1M of verbal commitments to the fund. The remaining $1.2M has not yet been accounted for.

I can easily find more investors to fill in the remaining $1.2M, but I was wondering if there are banks that lend money to syndicates that could fill in the last $1.2M at least in part? The reason I am explore this is because the current investors would have a higher IRR (internal rate of return) if I leveraged their cash and brought back a higher returns.

Are there banks that lend to syndicates that are partially filled? If so, what are some general rules of thumb on how much they lend and what does that depend on? Any other comments and watch outs in this?
 

I would be very happy if anyone could link me to any resources or individuals that could educate me on this as well1 

Thank you in advance.

Sincerely,

Gabe

  • Gabriel Fung
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