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Updated about 2 years ago, 10/15/2022
Syndication Sponsor/KP onboarding
Hello BP Family! I had quick question with regards to onboarding experienced sponsors/KPs, what quality or traits do you consider in Sponsors/KP (Key Principals) when bringing them on to a deal? and my Second question is what percentage of equity should be provided to the Sponsors/KP as result of them putting their name on debt sourced for the deal to close? Please keep in mind that this would be one of my first big deals in the acquisition of a 160 Unit town home complex. Based on that knowledge I know that not all sponsors are made equal, and sometimes not all sponsors flow with the deal you are bringing to the table. However, I am willing to give a nice equity split on the acquisition to the CO-Sponsor/KP, however I don't want to completely be slammed by them having a much higher equity share than my company.
I look forward to all your feedback and recommendations!