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Expectation vs Reality: The 30-Day NNN Close That Aged Me 10 Years
Expectation: 30-day NNN close, clean Phase I, 6.5% cap, SNDA done. Reality: DSCR shifts at 4:59pm, appraiser 'subject to roof', ALTA delayed. Lender: need estoppels; Tenant: who's Estoppel; Me: CAM recon like CSI 🤡 Owner: full price, as-is; Buyer: TI + 6 months free; Me: sending LOI rev #17 📉 Deal survives on duct tape, cold brew, and the HVAC serial number I memorized.
ricklahkar
May 171 min read
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