WS55: Nuances of Capital Raising and Deal Structuring in Real Estate Syndication with Andrew Schena

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Summary:

In this episode, Whitney interviews Andrew Schena, founding member, Capital Equity Partners. Andrew has more than 17 years of experience in the real estate industry and currently manages $9.88 mm in development projects. Which are some of the promising areas to syndicate a multifamily deal? How can unlock value in an underpriced property? And, how can you implement the RUBS system to bring about greater value add? You will also learn some little known nuances of structuring the split between investors and syndicators. Tune in now!

Time Stamped Show Notes:

00:29 – Whitney introduces Andrew to listeners
00:53 – How did Andrew transition to the real estate syndication business?
02:32 – Andrew’s background in the mortgage business helps him transition to the syndication business
03:48 – What is the Andrew’s current focus? Which areas, according to Andrew are good investment bets?
05:03 – Does Andrew specialize in multifamily investing?
06:18 – Learn about the current deal in Indiana that Andrew is raising capital for; learn how Andrew is planning on unlocking value for this property that is priced 20% under-market
09:33 – How did Andrew find his last property?
11:18 – Reasons why Andrew decided to go ahead with his current deal
13:40 – Little known nuances of RUBS which result in greater value add
15:27 – Should you implement RUBS based on the number of residents in a unit?
16:39 – Can you implement RUBS system in any market?
17:30 – Should you try and go against current market practices?
18:53 – How to vet and hire a suitable property management company
23:58 – Andrew explains the meaning of a 75:25 split
26:10 – What is a waterfall equity?
27:35 – What is the #1 thing that has contributed to Andrew’s success?
28:37 – Share, Review and Subscribe to the Real Estate Syndication Show
[spp-timestamp time=”28:52″] – A special thanks to our sponsor, Life Bridge Capital