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The CRE Humor Jokes

Broker Math vs Bank Math: The Cap Rate Hunger Games

5 days ago

1 min read

Broker: 6.75 cap, day-one NOI solid Lender: Underwrote to 5.1 after 'market' reserves and a roof older than the Fed Client: Can we close Friday with 80% LTC and no recourse? Me in Excel v38: adds 12 tabs, cap-explode; LOI -> LO(L)I; Phase I says hello 😅

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The CRE Humor Jokes

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