How much "Skin in the Game" do you like to see from PS MF Synd?

[Jason Scott Miller]

I'm sure this on other places within threads, but what do you typically like to see in terms of investment from the Project Sponsors on Multifamily Syndications? I've seen on the web anywhere from 0-25%, but this seems to be an important metric for these types of deals and would like to know what makes you comfortable.

[Alina Trigub]

@Jason Scott Miller

You should be looking at a combination of factors: what is the sponsor's experience level, how many properties are they acquiring, what strategy(ies) are they following, upfront fees they put in a deal.