Clear To Close: The 24-Hour Due Diligence Boss Fight
- ricklahkar
- Apr 20
- 1 min read
Broker: we're clear to close Lender: need updated estoppels, a clean Phase I ESA, roof cert, and a time machine Me: CRE underwriting model says 6 cap; commercial real estate reality says 'lol here’s 5.2 and surprise deferred maintenance' 😵 Client: why did price change overnight? Me: the fire marshal joined the cap rate committee and voted arson-resistant pro forma 🔥
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