u/Hamachiman

I’m an investor in a real estate syndication of a commercial retail property. If the general partner does not get an acceptable arm’s length offer on the building, then he’s likely to offer it to the investors in exchange for giving up his sponsor fee, but requiring us to take out a new mortgage without the him.

I know most commercial lenders require any owner with 20%+ interest in a project to personally guarantee the mortgage.

Here’s my question: If I own 19.95% of the project, will a lender require my PG on a commercial mortgage?