Broker Math vs Appraiser Math: The DSCR Hunger Games
- ricklahkar
- Jun 11
- 1 min read
Broker: Rents surging, 6-cap, flawless lease-up—close in 30 days Lender: Upload v43 of T-12, then we’ll haircut NOI like it’s Black Friday Appraiser: Pulled comps from 2017; value equals one churro and a high-five Me: My model: Olympic gold; Their DSCR: tripped at warm-ups 😂🥲
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