Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

10
Posts
6
Votes

My latest Real Estate Syndication Deal.

Posted

Investment Info:

Large multi-family (5+ units) other investment in Mauldin.

Purchase price: $26,000,000
Cash invested: $50,000

Purchased shares as a limited partner in a real estate syndication to acquire a 108 townhome rental community in Mount Pleasant, SC. Property plan is to bring rents up to market rates with renovation and neighborhood upgrades over a 3 year period, expecting ~8% dividend yields, and capital return in year 3.

Most Popular Reply

User Stats

5,959
Posts
9,306
Votes
Don Konipol
#4 All Forums Contributor
  • Lender
  • The Woodlands, TX
9,306
Votes |
5,959
Posts
Don Konipol
#4 All Forums Contributor
  • Lender
  • The Woodlands, TX
Replied
Quote from @Chris Seveney:

@Jason Michael Coulthard

How much did the sponsor have in leverage on the deal?

Is it fixed or floating rate?

Does LP get any upside in the deal?

Oh sh.., the HARD questions!   
Don’t forget
1- How much of his own money does the sponsor have in the deal
2- Did the sponsor make any money on the front end?
3- Did the sponsor purchase the property and resell it to the syndicate?
4- how much in fees (sales, admin, etc.) were taken out of each $50k unit and how much went to property purchase/improvements?
5. What is the appraised value of the property?
6. How much does the sponsor have in reserves?
7. What is the exact split between the “money” and the “promote”?
8. What is the sponsors track record?

Not saying you (OP) didn’t do your due diligence - I’m sure you did - just want to see how the deal stacked up and what kind of terms the sponsor offered to be able to raise a pretty good size amount of capital. 

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

Loading replies...