We are looking at a $3.3M adj. EBITDA developmental disabilities company. 90% of the add backs are the owner's W2s. The business has 5+ years of consistent performance. We're under LOI with the seller for $11M (3.3x) - long story on how/why. Considering the excellent debt service coverage the deal will provide, we're hoping to put in ~10% equity. There will be a $1M seller note. We're looking for cash-flow lenders (close to 0 collateral) comfortable with a high D/E ratio and an investment of ~$9M. Any thoughts on mezz or unitranche lenders who would be interested would be greatly appreciated.