$13k in EMD on a $13,000,000 deal ๐คฏ
Real deal example. Commercial acquisition in Florida. Purchase price: $13 MILLION. ๐ข๐ธ The buyer had everything lined upโฆ except the $130,000 earnest money. So we showed up with it. ๐ช ๐ต Upfront fee: 5% ... collected upfront. ๐ And if it had closed? Another 20% waiting at the closing table! Unfortunately, this one didn't close. ๐ฌ Died in due diligence, and EMD came right back. But the upfront fee paid the cost of capital and operations, so all was good. We need to swing to get a hit. Who's bringing us the next one ... the one that will close? ๐ ๐