Lender FDD Question

by a searcher from The University of Chicago - Booth School of Business

5 months ago

Seller reluctant to provide more than TTM information to buyer group in initial LOI and FDD. Does anyone have any experience in what the lookback is for a Lender and the Lender FDD? Been trying to coax for a bit.

1 like
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18 comments

searcher from Southwestern University

You can't make an informed decision on TTM as to the EV of the operation. These are the facts regardless of whether the seller wants to play or not. If not, thank them for their time and move along. There's plenty more out there who are actually looking to sell.

5 months ago | like reply | 0 likes

searcher from University of Notre Dame

There may be a good reason, but I generally struggle with such opacity and typically walk away due to the reasons listed above - when I have eventually gotten numbers they revealed the TTM was a drastic outlier (favorably) from prior years' financials.

5 months ago | like reply | 1 like

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