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The CRE Humor Jokes

Broker Math vs Lender Math: The 6-Cap Illusion

ricklahkar
Jul 8
1 min read

Broker: It’s a 6-cap value-add, upside day one Lender: Underwrote off T-12, DSCR 0.99—need 25% more equity Client: But it’s NNN! Me: Except the roof, parking lot, HVAC, and your hopes 😅 Appraiser: Comped it to a cornfield 30 miles away; closing: rescheduled. Again 🚧

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The CRE Humor Jokes

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