Typically, the raise for a value-add syndicate needs to be completed within one year. If you are still struggling with needing cash after that, it’s usually because you didn’t raise enough in the beginning and you weren’t able to complete all the planned renovations — leaving a struggling property that is always cash-strapped because the rents couldn’t be raised on un-renovated units, and projected returns weren’t achieved.
Top Legal Mistakes Syndicators Make and How to Avoid Them
Raising capital through syndication is one of the most effective ways to fund real estate or...