DSCR: 1.30x In My Model, 1.09x In Theirs
Broker: DSCR pencils at 1.30x Lender: After ‘minor adjustments’ it’s 1.09x Appraiser: 9.5% cap because parking is ‘aspirational’ Client: So we still at 70% LTV? Me: Updating the model for the 37th ‘final’ time 🤡
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