This group of 10 individuals has, through direct investment with us, and referrals accounted for over $65 million in invested cash in our syndications.  

The syndication graveyard is filling up with those this year.

Then a bank will lend on the two as if they were one and that will result in a higher lending amount.

Example: invest in syndications / short-term rentals / oil & gas wells / solar projects / conservation easements, and so on, due to the tax losses they generate.

An appraiser likely won't be able to value a 1-4 unit property based off STR rents (whether projected or actually incurred), and if they are, the lender won't lend off said valuation for their applicable value (value they're lending off of). 

We invest in non performing loans and do some private lending as well.

As far as I'm aware most credit unions will only lend on properties in their area of operation so not sure it makes sense to join one in a different state.

Whether that is actually true can be debatable and the seller might not want to deal with complex lending situations.

Quote from @Penny Peng: Hi,I’m starting out to look for investment opportunities in real estate syndications.

Even now, I’ve got clients in Austin who started off focused on short-term rentals and suddenly found multifamily syndications more enticing after running the numbers and chatting with other savvy folks in my network.