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The CRE Humor Jokes

Appraisal Came In At Vibes; Lender Needs 19 More Docs

Broker: 6.0 CAP, pro forma rents, easy close Lender: send updated T-12, T-3, T-0, and your childhood report card Appraiser: found a 2014 comp with gravel parking… minus $1.2M Me at 2am: rerunning Excel, IRR now = Irritated Rate of Return šŸ˜‚

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Term Sheet Says Yes, Appraisal Says LOL

Broker: LOI signed, lender nodding, I preorder the 'Closed' banner Lender: send updated T-12, live rent roll, and proof the roof isn’t a rumor Appraiser: found comps from a C-minus two zip codes away—

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