Broker vs Lender vs Client: The 45-Day Close That Aged Us 45 Years

Broker: It's a clean deal, 45-day close, pinky swear ⏳ Lender: Need updated rent roll, SNDA, estoppels, Phase I-that-smells-like-Phase II, and a blood type Client: Why is CAM higher than NOI and why does Suite 108 pay rent but isn't on the plan? Me (in Excel): If IRR moves 10 bps again I'm underwriting vibes and a lemonade stand 🤡