b'How to Legally Raise Private Moneyment, or if your agreement is silent on an issue that becomes the subject of a dispute, the states law where your entity was formed will be used to interpret your intent if something goes wrong. These acts will rarely re-flect your true intent. TYPICAL SYNDICATION STRUCTURES For a syndicate, you will typically create a manager-managed LLC like the structure shown below.Although there are numerous ways to structure a syndicate for a com-mercial income-producing property, the following model depicts a typ-ical 2 Class syndicate with equity investors and a separate management entity. In that scenario, the investor entity is the title holding entity that is also the borrower on a bank loan. This entity sells interests to investors.There are numerous variations on this structure. For instance, in some cases where government-backed loan balances exceed $10M, the lender may require a separate, single-purpose entity, separate from the investor entity. 76'