Broker vs Lender vs Client: The T12 Cage Match
- ricklahkar
- May 13
- 1 min read
Broker: 5-cap on actuals, easy close Lender: DSCR 0.98, rate cap costs two kidneys, loan committee Tuesdays only Client: want 7% cash-on-cash day one, no recourse, and seller to mow the lawn Me: after TI/LC, reserves, and Phase I drama, it's cash flow negative but with great vibes š¤”š
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