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The CRE Humor Jokes

Appraisal Says 'Maybe', Lender Says 'No', Excel Says 'Fatal Error'

Broker: Proforma DSCR 1.35 - slam dunk Lender: Cool, send T-12, T-3, rent roll, estoppels, SNDA, Phase I, and your 5th grade GPA Appraiser: Value supported... if we cap 'wishful thinking' at 3% šŸ˜‚ Client: Why did rate pop 75 bps and LTV ghost me? Me: Treasury sneezed, insurance doubled, taxes reset, Excel threw #DIV/0! 🧮

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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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