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The CRE Humor Jokes

Due Diligence Starter Pack: Phase I, Roof Leak, DSCR Yoga

ricklahkar
May 14
1 min read

Expectation: 30-day close, clean Phase I, 6.25% cap, estoppels by Friday Reality: Phase I flags a REC by a 90s dry cleaner, roof is vintage, CAM math is interpretive 🧮 Lender: please upload SNDAs, updated rent roll, 3 years CAM recs, and proof the tenant exists Me at 3:02am: re-underwriting NOI after minor HVAC death, whispering DSCR affirmations 😵‍💫

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The CRE Humor Jokes

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