NDA
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[{"id": "g146q7j", "text": "Are you willing to actually enforce it if the new lender does the same thing?", "replies": [{"id": "g147tdr", "text": "Yes, we lost out on a major deal last time. I am not willing to go through that again.", "replies": [{"id": "g148251", "text": "Cool, then yea thats not being an asshole. Covering your ass is just part of doing business.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g148zhn", "text": "That first lender is a chump and you any time someone asks about them you should tell them that story", "replies": [], "depth": 1}, {"id": "g1490oa", "text": "No you\u2019re not being an A. The big if is whether or not they\u2019ll actually sign it though, right. I\u2019m assuming the lender proposed your deal to another prospect? If that\u2019s the case, wouldn\u2019t you switch lenders?", "replies": [], "depth": 1}, {"id": "g14cd75", "text": "Lender here. Most deals I work on require a confi before I get any materials. Totally normal", "replies": [], "depth": 1}, {"id": "g14jpfo", "text": "The CRE banking community is frankly way too small for that type of incredibly unprofessional behavior. It\u2019s unspeakable for anyone in banking to behave like that and share confidential information. They will develop a reputation as a blabbermouth, and they won\u2019t do well long term. \n\nIt\u2019s absolutely okay to present an NDA to potential banks, who should be more than willing to sign an NDA.", "replies": [], "depth": 1}, {"id": "g14k5ta", "text": "When I was doing lending we expected to sign NDAs on every deal. In fact, we\u2019d use the opportunity to get the potential borrower/sponsor to agree not to disclose our proposed terms or how we evaluated the opportunity.", "replies": [], "depth": 1}, {"id": "g14r13a", "text": "Yes, you can ask for an NDA.  Your lender will most likely be accustomed to that request.  They may want to use their form, but it should work either way.  If you are not sure about some of the specific terms in the NDA, then I suggest consulting your attorney.", "replies": [], "depth": 1}, {"id": "g15kkuk", "text": "This is 100% normal.  Not sure how many years it has been but if within the statute of limitations I would still sue them for any and everything my attorney says is plausible just to get the guy fired and/or cost him a bunch of attorney and headaches.", "replies": [{"id": "g189hjx", "text": "We thought about it because it was the kind of deal that could have generated a lot of money for us as we head into retirement, but it just didn't feel like the headache was worth it.", "replies": [], "depth": 2}], "depth": 1}]