Generally speaking, in the world of debt financing, if a lender (bank, lifeco, debt fund, etc) is looking to drum up business and doing meet & greets with principals and debt advisors/brokers, who should be picking up the check for meals and entertainment?
I would think that the lender would/should be, but wondered if some of the larger debt brokers (CBRE, JLL, Eastdil Secured) are more apt to pick up the tab given their size?
Whoever reached out to the party 1st to invite them to dinner should pick up the check.
From my experience in Debt Brokerage, it depends on the lender. If the lender is a correspondent, then typically the debt broker picks up the tab. If the lender is an open shop, then they typically pick up the check.
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