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The CRE Humor Jokes

Broker vs Lender vs Excel: The 6 Cap That Wasn't

Oct 14

1 min read

Broker: Pro forma DSCR 1.35x, 'light value-add', we’re cruising Excel: #REF! + circulars until my IRR becomes a mood ring💀 Lender: Need fresh T-12, 3rd-party rent roll, new leases, oh—and DSCR is 1.19x so +75 bps Me/Client: Expectation: 45-day close; Reality: TI/LC grenade, escrow holdback, retrade speedrun 🤡

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Expectation: 22% IRR, Reality: T-12 With Plot Twists

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The CRE Humor Jokes

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