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The CRE Humor Jokes

Broker vs Lender vs Reality: The 48-Hour Close Speedrun

Oct 10
1 min read

Broker: Under contract at a 6 cap—light lift, 30-day close Lender: Upload T12, T3, T1, actuals vs pro forma, DSCR calc, and a SOFR time machine Client: Can we close Friday? Me: Sure—after 47 estoppels, SNDAs, Phase I on the surprise 1968 tank, and insurance that tripled at lunch 📉🫠 (aka Tuesday in commercial real estate)

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