Software for Syndication- Please Help!

[Ryan A Shumaker]

I am looking for software that will assist with the syndication process. We have a property in IL that we are looking to raise capital to stabilize and we want to be organized, professional, and efficient. Any help is appreciated! TIA

[Taylor L.]

There are numerous packages available. The most common portals I found in my search were: Syndication Pro, InvestNext, Groundbreaker, Investor Deal Room, Cash Flow Portal, and Juniper Square. After a long search I chose to go with InvestNext. Their software is solid, I was able to get several positive references, and the pricing is reasonable. I also hear very good things about Syndication Pro.

[Charles Seaman]

@Ryan A Shumaker  What type of software are you looking for?  An investor portal?

[Taylor L.]

There are numerous packages available. The most common portals I found in my search were: Syndication Pro, InvestNext, Groundbreaker, Investor Deal Room, Cash Flow Portal, and Juniper Square. After a long search I chose to go with InvestNext. Their software is solid, I was able to get several positive references, and the pricing is reasonable. I also hear very good things about Syndication Pro.

[Alex Ramirez]

@Ryan A Shumaker try the syndicator deal

Analyzer (SDA) by Michael Blank. It’s really cheap and worth every single penny. It even comes with training videos

[Kim Meredith Hampton]

@Ryan A Shumaker also take a look at Appfolio Investment. It’s a little pricey, but so worth the investment 

[Badri Malynur]

@Ryan A Shumaker  All the packages mentioned above are good options if you are doing just a deal or two but if you plan to do multiple deals over the next few years, you may want to look at customizable funds provided by Avestor that combine the best attributes of funds and individual syndication deals. You can get significant savings for legal and compliance costs in addition to providing one PPM and one K-1 to your investors regardless of how many deals they invest in.  Please reach out if you would like to get more information. 

[Chris Seveney]

@Ryan A Shumaker

Appfolio just came out with an investor management system which we are starting to use and it’s simplistic to use and makes the investor process easy as well.

[Percy N.]

There are many packages to streamline the investor management process.

A few of them have been mentioned about but will also add Realpage's IMS to the mix.

As @Badri Malynur said, Avestor seems to have some interested features and I recommend looking at that as well.

[Brock Mogensen]

Syndication Pro is solid.  We recently switched to Appfolio Investment Manager though.  Investor portal solutions are pricey but definitely provides a more professional experience for your LP's.

[Ryan A Shumaker]

@Brock Mogensen, I scheduled a demo with their team and it looks like a great product. Thank you for the recommendation. 

[Chris Seveney]

@Brock Mogensen

Two things we found out last week on Appfolio is we have an open ended fund and after the initial bulk upload to have to go in and input investors and investment individually. Also if you do share based raise you cannot issue distributions on a cost per share basis.

[Matthew Armstrong]

I am new to the syndication space, have been landlording & investing off and on for 20 years. 
I just had a demo of SyndicationPro & InvestNext - the immediate limit with Syndication Pro was my location outside of the USA.

Going to trial (paid trial) InvestNext for a few months and will report back. I was also told of SS&G for GPs & LPs outside of the USA

[Percy N.]

@Matthew Armstrong what was the specific challenge with you being outside the US?

Is the syndication raising capital for US based investments? Where are the LPs based?

SS&G are fund admins who like most admins have their own investor portals as well.

Fund admins are not cheap and can run $25-$50k/yr based on the services required.

[Matthew Armstrong]

Quote from @Percy N.:

@Matthew Armstrong what was the specific challenge with you being outside the US?

Is the syndication raising capital for US based investments? Where are the LPs based?

SS&G are fund admins who like most admins have their own investor portals as well.

Fund admins are not cheap and can run $25-$50k/yr based on the services required.

 Thanks for the reply - The limitation, for me, was the company is headquartered in Dubai, the properties in Africa and Middle East and the investors all over the place.
I am deep within this rabbit hole.

Syndication Pro was immediate to tell me, we won't work for you
InvestNext says they have multi-currency support and should not pose any issues - I am going to test InvestNext, infact their Docs are in my email now to sign. 
I appreciate the info @Percy N.

[Vinay C.]

@Badri Malynur I would like to learn more about avestor. Could you please shed more light on it. thanks

Quote from @Badri Malynur:

@Ryan A Shumaker  All the packages mentioned above are good options if you are doing just a deal or two but if you plan to do multiple deals over the next few years, you may want to look at customizable funds provided by Avestor that combine the best attributes of funds and individual syndication deals. You can get significant savings for legal and compliance costs in addition to providing one PPM and one K-1 to your investors regardless of how many deals they invest in.  Please reach out if you would like to get more information. 

[Badri Malynur]

I sent you a message with my email, please respond and I can provide more details about customizable funds.

[Luis Herna]

I have the same need. I want an investor portal where customer login on our website and can invest and track everything there. But we found many of this type of software are too expensive for beginners. Is there any investor portal that charge once we close our first deals?

[Chris Seveney]

Quote from @Chris Seveney:

@Brock Mogensen

Two things we found out last week on Appfolio is we have an open ended fund and after the initial bulk upload to have to go in and input investors and investment individually. Also if you do share based raise you cannot issue distributions on a cost per share basis.

 Just to update this post, appfolio has done a ton of improvements. we are using it now, we have close to 700 investors and we have had ZERO issues with it.

[Luis Herna]

Quote from @Chris Seveney:

Quote from @Chris Seveney:

@Brock Mogensen

Two things we found out last week on Appfolio is we have an open ended fund and after the initial bulk upload to have to go in and input investors and investment individually. Also if you do share based raise you cannot issue distributions on a cost per share basis.

 Just to update this post, appfolio has done a ton of improvements. we are using it now, we have close to 700 investors and we have had ZERO issues with it.

But it is too expensive.. 

[Chris Seveney]

Quote from @Luis Herna:

Quote from @Chris Seveney:

Quote from @Chris Seveney:

@Brock Mogensen

Two things we found out last week on Appfolio is we have an open ended fund and after the initial bulk upload to have to go in and input investors and investment individually. Also if you do share based raise you cannot issue distributions on a cost per share basis.

 Just to update this post, appfolio has done a ton of improvements. we are using it now, we have close to 700 investors and we have had ZERO issues with it.

But it is too expensive.. 

Sorry if this comes off the wrong way, but I believe it is less than $1,000/per month. If that is too expensive then you probably should not be in the syndication space. That is one of the cheapest things in a syndication. You will spend $10-$20k to put the PPM together and then if you do audited financials that will run you five figures per year as well as tax returns are not cheap with all the K-1's.

[Gino Barbaro]

@Ryan A Shumaker

A lot of our community members use Cash Flow Portal, and we used their software for our syndications as well. Very affordable, easy to use, and built by Perry Zheng, who invests in multifamily himself, and knows the issues to solve

Gino

[Kash Jawed]

Quote from @Gino Barbaro:

@Ryan A Shumaker

A lot of our community members use Cash Flow Portal, and we used their software for our syndications as well. Very affordable, easy to use, and built by Perry Zheng, who invests in multifamily himself, and knows the issues to solve

Gino

 And their service is next to none.. pretty quick response.. you need this if you're raising money!