The going rate for short-term private money is 12%.NO private lender can stay in business making loans at half of the market rate!

Additionally, the rental market in Seattle can be competitive, with seasonal fluctuations affecting short-term rental demand.

The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.

Not as much as multifamily but still more than STNL single tenant or 2 to 4 tenant type retail center properties.The larger centers they live or die by the anchor tenant so really have to know if that tenant owns or lease the space, when it was last re-imaged inside and out, and what sales they do per sq ft year over year and how they have been trending.Larger retail centers have defaults from smaller tenants with covid right now to work through so offering should have reserves built in for some not making it so buy in cap rate on existing NOI might go down in the short term as tenants are lost and tenant replaced.

I currently have one property under contract, and actively acquiring more.

In terms of market, I went out of state early in my career.

Make sure the contract is tightened up for sure.

That will help determine if Short term capital gain (ordinary income) or Longterm capital gains.  

And if you need to rent in short term, that's fine too.  

Not only that, the borrower got a pre-approved term sheet for $750,000 from a lender to refinance the property!!!