Broker vs Lender vs Client: The Appraisal Hunger Games
- ricklahkar
- 23 hours ago
- 1 min read
Broker: IC approved, DSCR 1.35, we’re unstoppable Lender: Need updated rent roll, estoppels, SNDA, ALTA survey, and a time machine to 2017 Appraiser: Value came in at vibes; also found a 1983 dry cleaner ghost in Suite 4 Client: Keep price, drop rate, more TI, 3 months abate—close Friday? 🙂 Me: Re-underwriting at 2am while Excel recalcs for 9 minutes straight 🥲
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