U either drive the cashiers check to the Trustee and redeem or you have a courier take it there.in Practice when Northwest Trustee in Seattle was the big player we had a Courier drive it up and it helps to be on first name basis with the gals that work for the trustee like we were.

If you are dealing with a local market, you can press harder on them to get things done and show them you are a real player.

He now has a bad rep as I spread his name to the other players in my market. 

Again, maybe this makes sense for bigger players where the time input is worth for their 10 properties.

My take is that it's vitally important to know who you are working with, and have the history of the players involved.

Firstly, it's a booming city with a growing population and an influx of job opportunities from major players like Intel, Honda, Amazon, Nationwide, and more.

It's impressive to see so many new players entering the syndication space but I do wonder what the average is for the other 30%.

Looks like rates are between 6% and 10%.LOLLike others have said, it depends on how the loan is structured-DSCR, full doc, bank statements etc...Of course, credit and loan to value are big players in the rate as well.Stephanie

Makes you wonder just how many players there are in a given area.

For someone starting out in an industry as opaque as commercial re, honest advice (aligned by indirect equity interest) on deals you are working on, and general guidance from an experienced player is worth a lot!