I (potential buyer) was provided an NDA/LOI today by the seller. The LOI was written from a potential buyer perspective - essentially ghost written for me and included a valuation price. I have not received CIM data or the requisite info to even confirm the value at this point. The LOI is nonbinding but it certainly felt like the well worn path had been skipped, i.e. NDA -> CIM -> LOI -> DD -> Purchase Agreement. Am I off here? Is it more common for smaller transactions to bundle/skip steps early on to vet buyer?
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