Raising capital for multifamily syndication

[Kristen Ray]

Hello BP,

Recently my friend was asked to assist with a capital raise and due diligence on a Multifamily syndication. The company has a compensation carve out for such services.  However, my friend (the one raising capital and doing part of the due diligence) informed me that the company he is working with is charging him a fee for "telling him about the deal." Has anyone else experienced this? What are your thoughts?

[Greg Dickerson]

Doesn’t sound right to me. Is your friend paying for coaching to learn how to raise money or just paying to look at the deal?