And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

Originally posted by @Joseph Binkowski:Hey BP Community -I was sitting-in on an investor presentation for a syndication of an attractive 320-unit Class B MF development in a fast-growing market, and then I realized... it was a 506c project for accredited investors only [which I am not.. yet:)]So then I began thinking...How can I possibly get involved?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Find a seasoned investor to help you on your first 7 to 10 deals so you don't have such a steep and expensive learning curve. 

We got out of condo conversions couldn't really sell any of them and transitioned to ground up development of single family homes and three story walkup triplexes on a build to rent model which is much easier for us to manage and our exit isn't a sale it's just a refinance. 

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

The buyers had invested a lot into the deal (~$100M) and purchasing the property was critical to complete their development.

We have our own portfolio we manage and development projects across northern VA and DC.  

And the changes, such as regulation, city development, traffic flow, building views etc happen very quickly. 

Comps to me no longer play the only role because of rates, seasonality, etc., it definitely fights the arguments on re-fis with the appraiser but I'm noticing there's just a liquidity issue that is skewing things.I try to essentially start at the floor and work my way up on the ARV as opposed to seeing the highs and working it down.