Look for feedback on RV park syndication deal

[Soup Nikk]

Hey Folks,

I am currently evaluating an RV park deal. Needed some guidance on the fees for this kind of real estate and whether the offered pref and LP/GP split actually makes sense or is it too high/low? Please find some details below

Acquisition fee - 5%

Asset management fee - 3% of gross income

construction & oversight mgmt fee - 5% of rehab budget

disposition fee - 1.75%

guarantor fee - 2.5% of loan amount

Pref is 10% with 60/40 split unto 15% IRR and 50/50 there on.

This is my first deal in the RV space so not sure what's the norm, so would really appreciate some guidance/feedback. # of fees looks standard but the % are slightly higher than what I have seen in the past (1-3% being normal).