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The CRE Humor Jokes

Appraisal vs Pro Forma: 12 Rounds, No Survivors

ricklahkar
Jun 12
1 min read

Broker: It’s a slam dunk at $12M, 6 cap, 1.35x DSCR—trust the pro forma Lender: Cool—just need T-12, T-3, T-everything, three liquidity letters, and your soul Appraiser: Comp from 2019 two zip codes away says value = $10.1M. Science. Me: Explaining the gap while recalcing NOI for the 47th time as Excel freezes 😵‍💫

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The CRE Humor Jokes

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