4:59 PM Appraisal Drop: A Commercial Real Estate Horror-Comedy
Broker: at 6 cap, DSCR 1.35, cruise control Lender: need T-12, rent roll, estoppels, SNDA, and a live hawk Appraiser: 3 comps from 2015 say your trophy asset = C-minus with vibes 🤡 Owner: firm price, no retrade, also deliver NNN, free rent, and $0 TI Me in Excel: if I freeze panes hard enough, NOI grows, right? 🧮
.png)

Comments