b'based on the type of loan, that requires them to underwrite members (or sometimes seek loan guarantees) from members who own over a certain percentage of the total interests in your syndicate or fund and/or in your asset management entity.Distribution Rights The percentage of distributions does not have to match an investors percentageinterestifadifferentsplitisdescribedinthecompanys governing documents. You could sell 99% of the interests in your company to investors, while the asset manager keeps 1% of the ownership and voting rights for itself but has the right to receive 30% of the distributable cash.In the example we described above, a $100k investor in a $1M offering where Class A owns 70% of the total interests in the syndicate or fund, will get 10% of any distributions made to Class A members. If your company makes a distribution to all members, this investor will get 7% of those distributions.Voting Rights For real estate offerings, even passive investors generally have some limited voting rights regarding major decisions affecting the property. The assetmanagerwillmakealloftheday-to-daydecisionsregardingthe property, but certain major decisions are left to investors. For instance, if you want to extend the raise period, increase the maximum dollar amount, 1031exchangethecompanyspropertyforadifferentproperty,buy something other than the property that you raised the capital for, add an 193'