Broker vs Lender vs Appraiser: The Cap Rate Hunger Games
Broker: We’re 95% there—just signatures Lender: After we re-underwrite the galaxy and grab a fresh Phase I from 1992 Appraiser: Found a comp across the street, but it’s a spaceship; adjusting -80% Owner: Why is my NNN roof leaking? Me: The second N was 'Nah' 🤡📊
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