I'm fairly new to the world of private debt. While I feel fairly comfortable building out a model, I find I have been struggling quite a bit with all of the due diligence. How did you all learn to go through this process? Or what is the process for due diligence at your firms?
Specifically i'm talking about: abstracting leases (understanding all the in's and outs), survey reports, going through construction contracts/documents, insurance, going through 3rd party reports (seismic, Phase I, Zoning, etc), working with legal on documentation.
I'd love to hear all of your experiences and/or how this process works at your firms