Commercial Deal Financials

[Patrick Hughes]

Hello everyone!

I am in the process of my first commercial deal and need a little help, please.

My mentor helped me run the financials based off of what the seller is claiming is the monthly cash flow. However, we want proof to be sure because the numbers just dont add up.

I have requested the past 2 years financials but the seller has asked I show approval from the banks that I'm cleared to buy before they release financials.

This is where I'm confused. Should I get cleared for financials for this deal and every commercial deal before asking for numbers in the future?

This deal doesn't look fantastic numbers wise and I dont want to fill out mounds of paperwork just to see bad financials.