Cap Rate Dreams, DSCR Screams, Appraiser Memes
- ricklahkar
- May 18
- 1 min read
Client: Need a 6-cap core, 80% LTV, zero vacancy, ‘value-add upside’ 🤡 Lender: DSCR says 1.09—come back with more equity and a personality Me opening the T-12 + rent roll: why is ‘Owner’s Cousin Pop-Up’ paying $0 and counted as NOI Appraiser: Comped you to a cornfield; Phase I found a raccoon; LOI = Lots Of Issues 😵
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