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The CRE Humor Jokes

Broker Math vs Lender Math: Mortal Kombat

ricklahkar
Apr 26
1 min read

Broker: 6.75% cap, T-3 rent roll trending up, “easy close” 🔥 Lender: Stress at SOFR+300, 1.35x DSCR, taxes reset to full—proceeds = Uber budget Me in Excel: change one rent growth cell; IRR swan-dives, waterfall drowns me 😵‍💫 Client: Why is equity 42% now? Me: IC underwrote the T-12, not your dreams

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The CRE Humor Jokes

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