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The CRE Humor Jokes

Broker Math vs Appraiser Math: The Sequel Nobody Underwrote

3 days ago

1 min read

Broker: Underwrote 65% LTV at 6.25%, DSCR 1.35—light jog to close Lender: Cool, just need T-12, T-3, rent roll, your childhood report cards, and a Phase I by Friday Appraiser: Comps say $8.2M; your pro forma says $10M; I say… $7.3M and a dream 😂 Client: So… cash-out? Me: It’s cash-why 😵‍💫

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The CRE Humor Jokes

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