Broker Said 'Slam Dunk,' Lender Brought a Rulebook, Appraiser Brought a Time Machine

Broker: 30-day close, easy Lender: send T-12, T-3, current rent roll, estoppels, SNDA, wet sigs, and your blood type Appraiser: as-is value assumes the roof isn't crying and tenant options aren't imaginary Me at 2 a.m.: Argus open, PCA says 'replace everything,' and my coffee has a debt service reserve 😵‍💫