So what should you charge as the Managing Partner of a syndicate?
I was just listening to the latest podcast and was intrigued to hear the guest sometimes did bigger syndications and actually didn't put money in. They got 15-20% of the deal just for putting it together and running it. I wanted to see from some of you bigger guys if that's the exception. I was curious what some of you are 'charging' for finding the deal and your organization and management of the syndicate over time. Specifically do you give the investors a certain guaranteed payout and then keep anything over that? Do you only take your extra share of cashflow after they are 100% paid back. Is taking 15-20% normal or high. Any feedback would be appreciated.