Interested in reactions or guidance from the more experienced in this group.
I am working on closing my 3rd sponsor transaction. In this case, there's a difference between the terms i initially underwrote the LOI to, and what I'm actually getting with appraisals and data in hand. The resulting terms create post-acquisition cashflows that are tighter than I'd like. Plus a PG on the debt.
On what basis would members of this group walk from the deal, vs protect yourself structurally as best you can and just go to work to create upside?
When to walk
by a searcher from Columbia University
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