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The CRE Humor Jokes

Broker vs Lender vs Client: The T-12 Hunger Games

Broker: Easy value-add, 6.25 cap, lender-friendly Lender: Send T-12, T-3, Phase I, estoppels, SNDAs, and a blood oath Client: Can we close Friday if we start today? šŸ™‚ Excel: Circular reference—IRR now says 'LOL' šŸ˜‚

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Underwrote 6.25% Cap, Appraised at Lol

Broker: Underwrote 95% occupancy, totally conservative, pinky swear. Appraiser: Subject borders a haunted parking lot; -120 bps for vibes. Lender: Need T-12, T-36, T-everything, estoppel bingo, and a

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