I've been looking at the self-funded and independent sponsor routes. The self-funded is pretty straightforward. The searcher pays for it all out of pocket and might to roll the due diligence and closing cost into a loan or pay themselves back out of the new cashflow.
What I am really curious about is how independent sponsors handle due diligence and closing costs. What happens with broken deals? The costs can add up quickly.
Independent Sponsor Due Diligence and Deal Cost Funding?
by a searcher from University of Virginia-Darden - Darden School of Business
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