Mercury or Ramp for Your Syndication's Deal Account
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A syndication sponsor opens a bank account for the deal's LLC. DoorRaise suggests Ramp by default and Mercury when the company expects to keep under $25,000 on deposit. This post explains the rule, how to estimate that number, how distributions are paid from each account and what to check. Provider facts are from Mercury's and Ramp's own pages, read November 3, 2026.
Why the cutoff is the expected balance
Ramp's support page says an applicant needs at least $25,000 across linked business accounts, and Ramp's strengths (cards, bill pay and interest on checking) matter more with more cash. Mercury lists no minimum balance. So the line is simple: a small balance starts at Mercury, a larger balance fits Ramp. Neither is wrong, and you can use both.
How distributions are paid from each
With Mercury, connected to DoorRaise with a token the sponsor controls, DoorRaise tracks payouts automatically. With Ramp, distributions go through DoorKeeping's ACH payments or a payout file you upload to Ramp. Either way, the account is in the deal LLC's name. Your lender may also require its own account for loan funds.
How to estimate your balance
Think about what the deal account holds after closing, not what investors send:
- Operating cash. A month or two of expenses and the loan payment.
- Reserves. Replacement and renovation money you set aside.
- Cash waiting for a distribution. Money left after expenses, loan payments, fees and reserves, until the quarterly payment.
Add these up. At $25,000 or more, Ramp, DoorRaise's default suggestion, fits. Under $25,000, Mercury is the easier start.
What changes at closing
Before closing, investors wire money into escrow. At closing, the funds go to the closing agent for the purchase. After that, the deal account receives rents from the property manager and pays expenses. Distributions are quarterly in most apartment deals and are never guaranteed. See escrow in a syndication and paying distributions.
Questions for your lender and manager
- Does the loan require a lender-controlled account or lockbox?
- Where does the property manager send rent, and how often?
- Who can sign, and does your operating agreement require two approvals above a limit?
Where each fits
Mercury fits a deal that wants a simple, free operating account with a reserve account beside it. Ramp fits a larger balance with many vendors and cards. For the full comparison see Mercury vs Ramp for property owners.
Open a Mercury account or apply for Ramp. DoorRaise may earn a referral reward if you sign up through these links.
How DoorRaise fits in
DoorRaise helps sponsors raise equity for apartment buildings from their friends and followers under Rule 506(b) or 506(c), and verifies that every investor is accredited. Investors' purchase money goes into escrow at Enterprise Bank & Trust by wire only, and wire instructions appear once escrow is open. The deal's operating account at Mercury or Ramp is a separate account that you open for the LLC and use after closing. Fees: $1,500 to set up (non-refundable), then $5,000 a year from closing (only if the deal closes). See pricing or how it works.
FAQ
Do I have to use Mercury or Ramp?
No. They are DoorRaise's suggestions, and the sponsor chooses. Pick the one that fits your lender and operating agreement.
Can investors wire money to the Mercury or Ramp account?
No. In a DoorRaise deal, investors wire into escrow at Enterprise Bank & Trust, and wire instructions appear once escrow is open.
Can I open one now and the other later?
Yes. Many sponsors start with one and add the other when the balance or the number of vendors grows.
Sources
- Mercury: pricing
- Ramp support: applying and signing up (U.S. based)
- Mercury: frequently asked questions
This article is general information as of November 2026, not legal, tax, banking or investment advice. Provider details come from each provider's own public pages, read on November 3, 2026, and change often, so confirm them before you apply. Ask your own lawyer and accountant. DoorRaise is not a law firm, broker-dealer, investment adviser or funding portal.