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The CRE Humor Jokes

Appraisal Says 'As-Is', My Model Says 'As-If'

ricklahkar
Jun 3
1 min read

Client: Can we close Friday? Lender IC at 4:59pm: need Phase II, SNDA, estoppels, and proof the roof isn’t a rumor Appraiser: Cap rate +50 bps because “tenant mix feels crunchy” Me: adding Other Income—Manifesting so debt yield kisses 1.25x 😅📉

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The CRE Humor Jokes

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