at what point is real estate loi used?

[Dan Krause]

I found an absolute NNN property, listed by a major broker, and submitted the sale brochure to a legitimate commercial lender to whom i asked about bondable lease financing. I was able to obtain and send to the lender parts of the NNN contract and they seem to like what they see so far. The lender has just issued an LOI to the broker. I have never been able to find a NNN lender to work on my terms before. At this point- what does the LOI represent? Anything to get excited about? Should i gp out and get a real estate attorney? Dan