Broker vs Lender vs Client: The 48-Hour Close That Took 9 Months
- ricklahkar
- Jul 19
- 1 min read
Broker: We close Friday, IC signed, champagne on chill Lender: Need fresh T-12, ALTA, Phase I update, and a notarized SNDA from 1998 Client: Quick tweak—make it a 1031, seller carry, and knock 200 bps off cap Me in Excel at 2:13am: IRR = #REF!, coffee = mezz debt, sanity = nonrecourse 😵
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