$13k in EMD on a $13,000,000 deal 🀯
Real deal example.
Commercial acquisition in Florida.
Purchase price: $13 MILLION. πŸ’πŸ’Έ
The buyer had everything lined up… except the $130,000 earnest money.
So we showed up with it. πŸ’ͺ
πŸ’΅ Upfront fee: 5% ... collected upfront.
πŸ“ˆ And if it had closed? Another 20% waiting at the closing table!
Unfortunately, this one didn't close. 😬
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? πŸ‘€ πŸ˜‰
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14 comments
Paul Brown
7
$13k in EMD on a $13,000,000 deal 🀯
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