Seeking inputs on presenting buyer profile

searcher profile

April 10, 2024

by a searcher from Michigan State University in Charlotte, NC, USA

Solo-searcher, self-funded.

Recently engaged with a Sell-side broker, on a listing. Executed NDA promptly, shared buyer financial profile and also went as far as providing a lender 'Letter of Support'.

The seller agent kept side-lineing my expression of interest quoting lack of qualification. Any inputs on what should've been done differently, very happy to chat about the deal details- looking to analyze and learn from the time spent on this deal.

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commentor profile
Reply by an intermediary
from The University of Chicago in Chicago, IL, USA
Do not get disappointed. As an M&A Advisor, I can tell you that we often have guidance from the seller. Of course there are polished way a broker can explain.
What you have provided is no different than that from all others. With self-funded searchers putting in zero, it is easy for a bank to give the Letter of Support. It has no teeth to it.
Happy to discuss and help. DM me.
commentor profile
Reply by a searcher
from University of Pennsylvania in Miami, FL, USA
Ask the broker what the seller is seeking in a buyer, in this and future deals. Sharing your resume, buyer profile, PoF, PFS, prequel letter or whatever else they want to see is common. Have it all on hand. If you aren’t what the seller is looking for, you may never even see the CIM, regardless of having signed the NDA. Keep on trucking, there are lots of deals out there.
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