WS1918 Building a Successful Real Estate Team | Highlights Nic McGrue

In today's highlight  episode, we feature Nic McGrue, the founder of Polymath Legal PC, a firm specializing in helping real estate investors lawfully raise capital. Nick shared invaluable insights into the importance of having a legal expert on your team, especially when navigating the complex and nuanced laws and regulations of raising capital for real estate projects.

Nic's firm focuses on securities, mainly exempt securities, and assists clients in various industries, including multifamily, fix and flip funds, and self-storage, among others. With a decade of experience in syndication, Nic's practice is heavily centered on this area, making up about 70% of their work.

During our conversation, Nic highlighted the recent emphasis by the SEC on disclosures, particularly regarding private funds. He explained that confidential side letters and special terms offered to big investors must now be transparent to all members. This change aims to ensure that all investors are on an equal footing, regardless of the amount they invest.

Nic also touched on the common issue of finder's fees and the legalities surrounding them. He clarified that paying for introductions is permissible, but compensating based on the amount of capital raised requires a broker-dealer license. He suggested creative ways to work within the legal framework, such as paying for a time period rather than per investor introduction.

Click the links below to listen to the full episodes:

https://lifebridgecapital.com/2023/11/01/disclosure-compliance-and-communication-insights-nic-mcgrue/

https://lifebridgecapital.com/2023/10/31/mastering-sec-rules-for-multi-family-investments-nic-mcgrue/

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