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The CRE Humor Jokes

Due Diligence: The Horror Movie With Unlimited Sequels

Sep 30
1 min read

Broker: DD is clean, easy close Environmental: So about the 1994 dry cleaner under your parking and those 3 USTs... Seller: It’s just vintage soil seasoning Lender: Phase II, vapor intrusion model, asbestos survey, and your patience by 4pm Me at 3:59: merging 87 PDFs while the PSA casually combusts 😵‍💫🔥

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Due Diligence Speedrun: 30 Days, 300 Red Flags

Broker: DD is clean Phase I ESA: Your lot was a 1950s gas station AND a dry cleaner Seller: 'Add it to the OM as mixed-use' Me to lender at 1:59 AM: need extension, my cap rate is now pH-dependent 🧪�

 
 
 
DD Surprise Box: 'Clean' Listing, Dirty Secrets

Expectation: 30-day DD Reality: 29 days chasing estoppels, 1 day discovering the parking lot’s on the neighbor’s parcel Lender: Send ALTA, PCA, PZR, roof core, and your childhood immunization records

 
 
 
Phase I: Former Gas Station. Lender: Former Loan.

Broker: Easy value-add, trust me Phase I ESA: Former gas station, historic dry cleaner, surprise UST vibes Lender: Awesome, retrading, need vapor intrusion, ALTA update, estoppels, and your weekend 😂

 
 
 

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