Broker vs Excel: The 47-Tab Showdown I Didn't Underwrite For
- ricklahkar
- May 13
- 1 min read
Broker: T-12 is clean and “conservative” Lender: Great—send T-3, T-6, rent roll, estoppels, and a DSCR selfie Excel: Circular ref on FINAL_final2, 1,243 merged cells, VLOOKUP to Mars 🧮 Client: Can we hit a 6 cap with 90% leverage by Friday? Me: Absolutely, right after I find NOI hiding behind row 1,048,576 😂
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