Broker vs Lender vs Appraiser: The 48-Hour 'Final' Underwrite Speedrun

Broker: LOI signed, lender says 'clear to close', appraiser needs one tiny thing Lender: upload updated YTD P&L, T-12, rent roll, 23 SNDAs, and a selfie with the Phase I — by noon Appraiser: used 2019 comps, adjusted for vibes; value is purchase price minus your dignity Client: So still 3% fixed, 80% LTV, IO forever? Me: It’s bridge at SOFR+475 and my Excel just crashed 😂🧯