Post LOI to Close Timeline

My experience is that brokers and sellers want###-###-#### days which is doable but tight when considering financing and APA/SPA negotiation (and DD). We try to stage DD to limit broken deal costs. We do a quick review of hot button issues we've identified, then our own DD, then bring in our financial DD advisor and attorney (each step gating the next). We don't incur the expense of drafting the APA/SPA until we're confident we'll close. In parallel with all that, we start the financing work within a week of LOI execution. We work to get the draft APA/SPA to the seller 45 days after LOI execution. We close###-###-#### days after that depending on any additional DD, the bank's timing/delays, and delays caused by seller APA/SPA negotiation.

90 days is typically a good target. The only situations where you will see people move faster is when a) there is no debt financing, b) the buyer is very familiar with the industry/seller already, or c) the deal is very small relative to the buyers overall investment portfolio. To hit a 90 day timeline, you'll still need to be hustling the whole way. Good luck!