Any private equity raise has an acquisition fee, whether you work directly or indirectly with a sponsor of the deal.

I've passed both the state and national exam and all necessary pre-requisite classes, I'm ready to apply for my license.That being said, I cannot officially apply for my license until I find a sponsoring broker (IL rules).

I was sponsored by a regional brokerage. 

But they aren't lenders, they are government-sponsored enterprises.

Another option is to invest with multiple sponsors, see all their deals pre-purchase, and compare them with after-rehab.

As discussed, I have options to refinance your multifamily short term bridge loan into a stand alone 30 year conventional (rates start at 4.5%) or a government sponsored loan - Fannie Mae, Freddie Mac (rates start at 3%) after 1 year.Your credit line could then be reused for your next purchase..

As discussed, I have options to refinance your multifamily short term bridge loan into a stand alone 30 year conventional (rates start at 4.5%) or a government sponsored loan - Fannie Mae, Freddie Mac (rates start at 3%) after 1 year.Your credit line could then be reused for your next purchase..

This may allow for the sponsor to fix it up and sell it for more than 60million.If you are investing through a syndicator, you are normally betting on the 'syndicator' instead of the deal. 

@Kevin GlassbergA syndication is just a cool term where a sponsor / general partner / deal finder pools money from limited partners / those with money to purchase an asset that will provide cash flow and/or appreciation.Syndications can be in start-up companies, venture capital funds, stocks, bonds, or real estate.We are on a real estate forum so we can discuss real estate syndications.A real estate syndications big sell is that it is hands off for the investor who doesn't have time to manage along with access to deals that he/she may not be able to do on her own.The cons are that you lose some control along with having a hold period that is normally dictated by an operating agreement(illiquid asset).Best of luck

What is the sponsor's background?