I couldn't agree more with this thread. I have been on both sides of the transactions and I understand why these larger funds hesitate to do smaller transactions. They're not interested in holding hands for a chance at a transaction, let alone man power to transact in smaller amounts is more or less the same effort as selling larger. It was a hard pill to swallow at first but then I directed my energy to like minded NPL investors to strengthen our buying power. Example if we know the fund wont look at us for under 7.5M and my capabilities are 4M we'd each take portions to play in that arena. Don't get me wrong theirs times where its extremally frustrating where I feel like I'm giving out free education for the potential investor to back out at any minute leaving me with the commitment of the transaction. Overall with figuring out how to sit on the big boys table your product will be better as well as your pricing.