Real deal example.
Commercial acquisition in Florida.
Purchase price: $13 MILLION. π’πΈ
The buyer had everything lined up⦠except the $130,000 earnest money.
So we showed up with it. πͺ
π΅ Upfront fee: 5% ... collected upfront.
π And if it had closed? Another 20% waiting at the closing table!
Unfortunately, this one didn't close. π¬
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? π π