How I Became A Top Syndication Attorney
So how does a syndication
attorney become a syndication
attorney, this talk, we're going
to actually go through my origin
story. So you've I'm sure, if
you pay any attention to
marketing whatsoever, you've
heard about the importance of
origin stories, this is mine.
And I'm using it here, not only
to, you know, make sure that you
understand where I'm coming from
and see the value that I bring
to the table. But also, I want
to give a good example of an
origin story and just how you
would talk to somebody, when
you're making a pitch,
explaining your founder
investment theory, whatever it
is, and hopefully, the same time
you'll find it kind of
interesting.
So again, my name is Tilden,
Moschetti. I'm a syndication
attorney. But I wasn't always a
syndication attorney. The story
actually begins about 25 years
ago, when I got the crazy idea
that I wanted to develop a real
estate. So I wanted to do my
heroes, my plan, my plan was I
was going to build an assisted
living facility. And I was going
to do it in a sort of like a an
area development model. And I
was going to use manufactured
housing as my tool in order to
do it. So I was going to buy a
nice huge tract land, put up a
bunch of manufactured houses,
and then I was going to staff
it. So we could do assisted
living, where people could
basically have their own house
and still have the benefit of
assisted living. Still a good
idea, though I never haven't
looked into it 24 years probably
about actually doing it. So, but
a lot of my clients do assisted
living. And my, my background
actually falls in line with
what, what they're doing. So
that was 25 years ago. So I
started putting the idea
together and I was looking
around, I thought, oh my god,
how am I going to pay for this?
I have no idea. I certainly
didn't have any kind of money in
order to even buy the land. And
to do that. At that time, I was
working for a national
laboratory. And as in this
administrative role, where
basically I helped a couple
different laboratories with a
lot of very different exciting
tasks. So that's what I was
doing. I had an MBA, and now it
was time for me to really break
ground and put together this
syndication. So I didn't know at
the time it was a syndication,
so I thought I needed money. So
what I did is I looked around at
well, who's doing these things.
And I came across a few
developers and I looked at their
backgrounds. I was like, yeah,
they're doing exactly what I
want. Seems to be that a lot of
these people were actually
attorneys, and I was like, oh,
okay, that makes sense. Because
not only is that going to help
give me the credibility in order
to raise money. But it's also
going to give me the legal
footing in order to understand
the whole nuances. You know, I
understood kind of how to do
development. But now I really
understood from not from a
building standpoint, okay, they
saw those world works on laws.
So I need to understand that
world too. So I decided to go to
law school. I went to law school
with dreams of being a developer
when I got out. And lo and
behold, I didn't do that. So I
had great time in law school, I
learned about real estate, and I
learned about property, all of
my stuff was property centric,
all my special electives, except
for a few things that were that
were business center. So I
wasn't very interested in, in it
certainly in my early part about
doing, you know, advanced
criminal law, or those kinds of
things I was we're saving the
world I was interested in about,
okay, let me learn more about
this property thing and real
estate thing and money thing and
how that all works. So I did
that. And then I decided, okay,
it would be useful for me to
also know how to be a strong
advocate. If I was a strong
advocate, I would be able to be
a better salesperson and do
that. So I took a program that
is similar to the program that
the National Institute of trial
advocacy puts up. And it was
fantastic. I loved the trial
process. So in that process, we
did like a mock trial, but it's
like a real mock trial. It was
you know, we have a real judge.
We have, you know, real
witnesses. And there's a whole
background thing and we put
together this this mini trial.
And I decided okay, this is
really really great. I'm gonna
go be a trial lawyer. I was so
so caught up in this. So I
graduated from law school, I
worked for the district
attorney's office for a little
while. As a side note, so you
know, the Vice President was my
boss for a short time. And I. So
that's kind of interesting. And
then I, I decided it's time to
go out on my own. I went out on
my own, and I was still wanting
to be a trial lawyer. I had done
a number of hearings and things
in the criminal court. But it's
actually kind of difficult to
break into criminal law. So I
decided, Okay, I'm going to
specialize back into property,
I'm going to litigate property
centric issues. Now, what does
that mean? So anytime there's
real estate at at issue, so
whenever there's real estate, I
want to be involved in how that
the the battles over over that,
which wound up being okay with,
it's about divorce, or it's
about bankruptcy, or it's about
partner disputes, or things like
that. So these were bloody
battles that would take weight
be waged. And I did that for 10
years, waging war. And it's a
very unsettling activity. So
litigation is very hard on
everybody. It's very hard on the
people. It's also very hard on
the lawyers, the lawyers don't
have a wonderful experience,
because everybody hates them,
right. So your client hates you,
because you're not getting them
enough. The other side hates
you, because you're not doing
enough. The only people that you
like, in that, like you are the
other attorneys most of the
time, most of the time the
attorneys get along fine. So
that was, you know, troublesome.
And I looked around at after 10
years, and I thought, Okay,
well, now I'm newly married, I
need to make a little bit extra
money, because we're going to
have a Kitsune. So I decided to
start doing brokering a few
deals. And so I got really
invested in the finance portion
and understanding how that
works. I ended up burning my CCM
and really got into that piece.
So I brokered quite a few deals,
and really got into that. I was
still litigating at the time
too. And then I decided, you
know, I can't take this
litigation stuff anymore. It's
just too much. And fortunately,
right as at that breaking point,
a partner in the commercial real
estate side came up to me and
showed me a deal. And he said, I
think we need to syndicate this.
And I said, Oh, yeah, let me see
that deal. Wow, it was a really
good deal. So it was a medical
office, triple net medical
office with a investment grade
tenant. It was it was being
developed. And we got it the the
price was at a very good price.
So I decided to join him in this
process. And I said, Yes, okay,
let's syndicate it. I'm the
lawyer, we can do all of this.
And I had no idea what I was
doing. This was about 10 years
ago. So I had to figure it out.
And as I got through and started
digging through the different
codes, that's where I came up
with my phrase, the alphabet
soup, because, boy, when you
just try and figure this out
from the beginning, it's
confusing. It really is. So
you've got 506, B 506, C 504.
Reg. D Reg, a reg, CF ICA
accredited investors. I mean,
it's just all of this letters
and things. And it's all coming
from the SEC and the
corporations and blue skies.
What does this all mean? It was
just too much stuff without any
organization in my head. Which
is why, as an aside, why I put
out all the material that I do,
because I know how incredibly
complicated it can seem. And if
you have some help organizing
it, well, then great. So I put
that forward for you so that
hopefully you find it useful to
try and make sense of that
world. So as it started coming
together, did my first deal. So
it took about six months for us
to put the deal together.
Fortunately, because it was
becoming developed. It was being
developed that we had a little
bit of extra time. And we
managed to get it done at about
20 investors made them some
money. It was a great project
and a great thing to be a part
of. And so that was great. So I
had done one deal. So then I did
another deal. And then I did
another deal. And at this point,
I'm starting to think you know
what, I'm actually really good
at this. I understand how to do
this and I understand how to
help people on the legal side of
this. So I kept doing deal after
deal for myself. But I started
putting together my process for
putting deals together and
putting the documents together.
So how I do a a A subscription
agreement and operating
agreement or ppm, the way I
communicated, I started, you
know, becoming more and more
systematized, which is what we
do now. So I, not too long ago,
eight years ago, probably,
I decided, You know what I'm
going to help out syndicators
and help them from the legal
side, I'm allowed to do legal
services, I should help them
with that. And I should stop
litigating. So I stopped
litigating completely. And I
became solely focused on helping
out syndicators and investment
funds, put together deals for
themselves. So what I really
enjoy doing is not only just the
you know, I enjoy the legal work
a lot, I find it very
interesting and rewarding. But
my favorite part really is
working with investment funds,
working with indicators and
helping them get it done in
giving, you know, just talking
about deals, how are we going to
solve this problem? How are we
going to get this done? How are
we going to do it and getting
people from A to B, because at
the end of the day, now, my job
is making people money. So
before as a litigator, it was
making sure nobody got money,
and it was not the most pleasant
of experience. It was about
tearing things down. Now I help
people make money. I help people
become syndicators investment
fund managers, and they in turn,
also help their investors make
money by investing in their
stuff. So karmically, I feel
like I'm much better off. So
that is my origin story. That's
why I'm here. That's what I do.
And that's who I am. So I think
you get a pretty good idea of
who I am as a person from my
videos. As you see me here is
pretty much how I am in real
life. These are all unscripted
as you probably can tell. And so
this is me. I work very hard for
my clients. I work very hard for
on my deals and for my
investors. And I see our calling
as a very, very great thing for
the world. We make people money,
we make people happy. It's it's
a great thing across the board.
So my name is Tilden Moschetti.
I am a syndication attorney with
the Moschetti Syndication Law
Group. We help people just like
you, who are syndicators,
investment fund managers,
whether you've done no deals at
all, your first one and you're
thinking about how messy the
alphabet soup is, or if you've
done 100 deals before. I'm sure
we can help you with the legal
process. And also just having
somebody who's been there to
bounce ideas off of strategize,
make sure that you get the best
solution for you and for your
investors. Give us a call set up
a meeting. Let's see what I can
do for you.