Private Money Confusion

[Alejandro Hayden]

Hey BP family,

There’s something on my mind that I thought I had a grasp on but, seems like I don’t.

If I’m working with a PML. Say he or she wants me to bring 15% to the table and they’ll finance the rest. Does that mean they’re providing me with the rest of the funds in cash to buy an asset? How exactly does this process work?

[Tom S.]

There's still always a risk even if the PML has the cash in the bank, because it's not all in your bank account.  What if the PML passed away on the day before the close, for example?  Unlikely but having all the cash in your own bank account is a true cash offer.