What is a typical binder deposit in a commercial real estate deal?
Does it vary by market/sub market? Asset type? Seems like it’s different than residential…
[{"id": "hlu0nci", "text": "Varies depending on the deal. I\u2019ve had deals between 1.5% - 20% and on occasion a fixed  dollar amount.", "replies": [], "depth": 1}, {"id": "hlu3it9", "text": "Deal size dependent. u/MHPatriot1776 gives a good range.", "replies": [], "depth": 1}, {"id": "hlv0da4", "text": "Our LOI\u2019s usually quote a dollar amount that is typically 2-5% of the deal.", "replies": [], "depth": 1}, {"id": "hlvu9ni", "text": "It\u2019s all over the place. Less percentage, more demand based. I\u2019ve tied up a site for a year for $5k, and I\u2019ve held another for 45 days for $250k but that one had 20 competing LOI\u2019s\u2026", "replies": [], "depth": 1}]