Pre-LOI Due Diligence / Analysis
I'm curious to see how much diligence teams complete prior to submitting a bid.
Sometimes with the limited availability of information provided by brokers prior to submitting first round bids, I'm finding it hard to actually take a deep dive into some assets which are on the market.
How does your team analyze a deal prior to submitting a first bid? Is it just that the senior team members know exactly what they will be willing to pay for an asset, and minimal work is completed prior to submitting an LOI? Then is the majority of your analysis done once under contract?
What kind of diligence / analysis have you been asked to complete prior to submitting an LOI? Is it primarily market research?