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Broker: We’re CTC Friday Lender: After credit re-underwrites DSCR at 1.24x, grabs fresh estoppels/SNDAs, and reruns Phase I Client: If debt yield needs 8.5% now, we just trim price by COB, right? Me, fixing cell D52 circular ref: NOI evaporates, value nose-dives, I smile into the void 😬🧮
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