So whatdoes all of this cost?
Hi everyone, so what does buying and selling notes actually cost in terms of transaction fees? Certainly there are transaction fees... What do brokers usually charge for a buy or a sell? Also, what do note servicing companies or banks charge to service the note?
The answer may be “depends”, but humor me with some specific numbers you’ve paid, even if it’s a range. I’m trying to get an idea of a pro forma P&L, and I honestly have no idea what the costs are, outside of the costs of the note itself and legal expenses.