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The CRE Humor Jokes

Due Diligence Expectation vs Reality: Phase I Has War Stories

6 days ago

1 min read

Expectation: 30-day DD, clean Phase I, easy estoppels Reality: Phase I finds UST and former dry cleaner plume; ALTA says half the parking is neighbors 🧪 Lender: need one more doc = updated T-12 matching rent roll + roof cert + flood cert + surveyor initials + sponsor DNA Excel says 6.5 cap; after roof HVAC ADA and parking easement ransom it is negative IRR; still closing Friday right 😵‍💫

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The CRE Humor Jokes

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