What you may not know about real estate syndications is that they are regulated by the securities law under the SEC (U.S. Securities and Exchange Commission). A syndication must either be registered with the SEC or meet one of the legal exemptions. This article outlines the two common exemptions that exist that allow a syndication to not be registered with the SEC, the difference between a 506(c) and a 506(b) exemption, and what you need to understand about each if you’re planning to participate in a multifamily syndication.
Read More