Just finished standard list of DD items (geotech, ESA, GC estimates, etc.) for a roughly $55m multifamily dev project in socal. Seeking a co-GP to contribute about $4m to get plans/permits, after which we’d bring in the LP. Considering utilizing an equity broker / syndicator because the couple co-GP shops in my network are offering terms worse than typical for this stage/type of investment. Any of you utilize an equity broker / syndicator for co-GP capital? Or anyone have recommendations for co-GP shops interested in west coast MF?
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