Hello,
I'm about to submit an LOI, and three different banks have supplied term sheets (I know it was a ton of extra work). So, how have any of you shared term sheets to support the strength of your offer? There is a lot of stuff in those that could hurt my offer as much as help, so I wanted to know your thoughts. Redact it? Or just be straightforward and transparent?
LOI strength and term sheets
by a searcher from The University of Arizona - Eller College of Management
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I think what you have is bank's letter saying your financial capability to pull off a deal. You are better off having that than not having one. But also remember, they are "dime a dozen".
Use of wrong terminology is risky.
You do not need to over-disclose.