What is the typical placement fee for sourcing private equity
What is the typical placement fee for finding private equity to invest in real estate assets?
Some details.
-investment would be in single family houses
-Time to disposition would be 1 to 1.5 years, but closer to 1 year
-ROI would be 12%-15%
-total equity sought $1-10 million
-market location is Midwest US
I hear anything from .75 to 2% but was wondering since raising funds in the current environment is more difficult whether this number might be higher end of the range.