Originally Posted by
Trip7
That's patently false. Syndication payout structures vary, but most I've looked over an returns capital to the limited partner, plus a guaranteed IRR on that capital, before the Syndicator gets paid.
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Those are all paper agreements that protect the originators. I lost $62,000 when a developer went bankrupt and derailed the project. When it comes to settling the unforeseen, there are lucrative protections built in for the originators. We all lost our investments while the syndicator was made whole with first rights and was free to go on creating new deals.