Syndication Threshold for smaller mulitfamily properties

[John Cameron]

Is there a minimum threshold for syndication?  For instance, could you do syndication for 5-10 unit properties?

[Mike Vann]

@John Cameron I’m not an SEC attorney, but have been completed several syndications as the sponsor/GP.  If you are raising money from passive investors and promising a return for their investment, this is considered offering a security and is regulated by the SEC.  Be careful taking advice from me or anyone else in any platform and ALWAYS seek legal advice from an attorney.  You can typically get a free consultation to answer questions. 
As far as your original question, there is no minimum threshold.  As someone pointed out in an earlier post, the deal needs to support the cost. We’ve done deals between $4M-$20M and the costs for the SEC attorney is typically around $15k and then you will sometimes have another attorney draft/review legal docs, form entities etc for another $5k-$8k.  
Good luck on your deal!