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The CRE Humor Jokes

Broker vs Lender vs Owner: The DSCR Hunger Games

ricklahkar
Apr 23
1 min read

Broker: LOI signed, 30-day close, vibes immaculate Lender: need updated rent roll, 12 estoppels, SNDA, ALTA, Phase I, and a blood oath Owner: as-is, but add $45/SF TI, 6 months free, and that roof warranty from 1998 Me in Excel: IRR 17% -> after CAM true-up and re-trade, it waves goodbye 😵 Credit committee: parking ratio 3.8 not 4.0, circle back next cycle 😂

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The CRE Humor Jokes

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