Syndication - Purchase PPM Template Online?
I am interested in syndicating my first MF this year. Is it recommended to purchase a PPM Template online to give to your SEC Attorney to review/edit to save time and money of having the attorney draft from scratch?
If so, what site would you recommend? Does anyone have a PPM copy they'd be willing to share? I definitely don't mind paying but just uncertain about the direction to take. Thank y'all!
Most Popular Reply
I think in the end it might cost you more for your attorney to go through and vet that all the information in your template is correct. Any SEC attorney worth their salt would probably decline using it and if you insisted, probably would not work with you.
Just budget $10-20k for an SEC attorney and another $2-5k for transactional attorney as part of your closing costs. You only lose that money if you fail to close as otherwise it would be paid out of the funds raised in the syndication.