For the syndicators - has anyone ever raised their skin in the game for a deal?

[Jay Ben]

has anyone ever raised their skin in the game for a deal?  Would a hard money lender possibly entertain that?  I can raise the money from potential LPs but I do not have the skin in the game that I would need at the moment. Would really appreciate any ideas!

[Chris Seveney]

@Jay Ben

That is a syndication. Your LP’s will need to be informed they are behind a hard money lender, what those terms are and the risk involved with being behind that hard money lender

Depending on the lender they could require you or one of the LP’s to also personally guarantee the loan.

In most states if you have more than one LP then you would need to register the offering with the sec (most likely as an exemption) but docs and setup would probably be $10k.

Can it be done yes, is it typically done for a deal under $1-$5M, typically no