Syndicators if a deal doesnt go through

[Charlotte Dunford]

If a deal doesng go through due to a failed phase 1 environmental study and your LP already spent thousands of dollars on the environmental study. How do you make this up with your LP?

[Kyle Kovats]

If deal doesn't go through due to a failed phase 1 the LP's shouldn't be losing a dime. If you are, there's problems. Unfortunately as a GP that's part of the risk you take on when pursuing a deal. Pursuing a deal as a GP requires a whole bunch of time, effort, money and financial risk.