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The CRE Humor Jokes

Appraisal Came Back LOL: Expectation vs Reality

Sep 6

1 min read

Expectation: sign LOI Friday, celebrate cap rate victory 😀 Reality: Monday appraisal says subject-to 18 conditions and a rent roll from Narnia Lender: need 3 years of ops; Landlord: I have vibes and a T12 photo Me at 2am re-underwriting, Excel shows 6.5% IRR, gut says bring a priest 😵‍💫

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The CRE Humor Jokes

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