Your loan documents will determine how creative you can get when your deal hits trouble. Most syndicators don't find that out until the crisis is already here. In Part 2 of this series, syndication attorney Dugan Kelley breaks down the legal and financial tools available to operators in distress — and explains why lenders right now are more open to working with you than you might think. In this episode you will learn: • Why your loan covenants are the real limit on your options — not your creativity • How lenders are being encouraged to work constructively with borrowers to avoid defaults and foreclosures • The critical difference between a capital call and a member loan — and how each one sits differently in your capital stack • When and how to disclose problems to your investors — and why waiting is the worst option • How to use loan modifications, capital calls, and member loans together to stabilize a struggling property This is the episode every syndicator, GP, and LP should hear before trouble arrives — not after. Ready to learn alongside serious multifamily investors in person? Join us at our next live event at https://thinkmultifamily.com/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify. Check out the shownotes for this podcast here.