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The CRE Humor Jokes

Cap Rate Catfish: Broker vs Lender vs Reality

ricklahkar
5 days ago
1 min read

Broker: It’s a 6.0% cap, stabilized, value-add lite Lender: Send rent roll, T-12, SNDAs, estoppels, Phase I, ALTA, and three blood types Me: Excel says 1.35x DSCR… until I unhide Row 482 (free rent + 600k TI) 😐 Client: Can we close Friday if we retrade 2M after the retrade? 🤡

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The CRE Humor Jokes

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