What’s more important, finding the money first or the deal?

[George Hatjopoulos]

Hi everyone,

Trying to put my first commercial deal together and learning as much as I can along the way so thank you in advance to anyone reading this and giving their opinion!

What’s more important. To lock down the financing first then go look for a good deal. Or find the deal then find the proper financing?

Thank you!

[Tj Hines]

@George Hatjopoulos I would say finding the money first. Especially if it's your 1st deal. You want to make sure that you have all the equity lined up before you lock down a deal. This is a mistake we made when looking to syndicate our first deal. Although we had some commitments lined up, it was enough to secure the deal and we had to back out. Get the capital first and foremost. It alleviates a lot of the stress