The syndication market has slowed. Proceed with caution.

Give yourself long escrows and extra extensions on any new projects right now, as investors are slow to act and those whose funds are in the stock market won’t pull them out until the market recovers.

Your best bet right now is for cash investors with savings or funds in self-directed IRAs. Also, lenders are requiring 6-18 months debt service in reserves, so make sure to build in the extra raise, as well.

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