Raising capital for multifamily syndication
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?