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The CRE Humor Jokes

Clean Site Vibes Until Phase I Brings a Shovel

ricklahkar
Jun 10
1 min read

Broker: site is clean Phase I: found unknown UST, historic perc, and a raccoon with better rent rolls Lender: need vapor intrusion model, ESA addendum, no-cap indemnity, and a blood sample 🧯 Me: booking $300k remediation as minor TI and still chasing a 6 cap 😵‍💫

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The CRE Humor Jokes

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