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The CRE Humor Jokes

Broker vs Lender vs Client: Due Diligence Boss Fight

Broker: It’s a cream puff—30-day close, 'light' diligence Lender: Need T-12, rent roll, estoppels, SNDA, ALTA, roof warranty, and a Phase I that time-travels Title: Surprise! Eight unrecorded easements and a mystery storm drain from 1964 Me: Underwriting IRR 17% → After diligence: free museum tour of underground tanks 🤡🧯

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When the ALTA hits and your pro forma taps out

Broker: Off-market, 'light lift' 🧮 My model: 47 tabs, 19 IRR cases, cell G37 chained to a prayer Lender: Need refreshed Phase I, ALTA v3, estoppels, SNDAs, and your Q4 soul Seller: BTW NOI includes m

 
 
 

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