Show Me the Fees: How Syndicators Profit (and Protect Your Investment)

Ironclad Underwriting Podcast by Jason L Williams PHD

Episode notes

Episode Overview

In this episode, Jason and Frank break down exactly how syndicators in commercial real estate make money, and why it's not only fair, but necessary for investors to want their GP teams to get paid. They discuss common fee structures, risk exposure, and the alignment of interests between general partners (GPs) and limited partners (LPs). If you're investing passively or considering syndicating a deal yourself, this is a must-listen.

📌 Topics Covered

✅The role of syndicators in a real estate deal

✅The importance of transparency around fee structures

✅Breakdown of common fees:

✅Waterfall structures and promote splits (e.g., 70/30, 80/20)

✅The risk syndicators take before a deal closes (earnest money, legal fees, due diligence)

✅Why GPs investing their ... 

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Keywords
Commercial Real EstateunderwritingReal estate investingMultifamily syndicationsPassive incomeWealthRisk mitigationDeal analysis