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The CRE Humor Jokes

Broker vs Lender vs Client: The LOI Olympics (Sponsored by Moving Goalposts)

ricklahkar
2 days ago
1 min read

Broker: LOI at whisper, 30-day close, easy peasy Lender: Need updated T3, T12, estoppels, janitor-signed rent roll, and your childhood GPA Client: Does the parking lot cashflow? Also want 2019 rates with 2020 concessions 😂 Me: Underwriting at 2am, cap rate jumps 50 bps, deal dies, I relist it as value-add narrative ☠️

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The CRE Humor Jokes

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