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The CRE Humor Jokes

Estoppel Olympics at 11:59PM: Broker vs Lender vs Owner

ricklahkar
May 2
1 min read

Broker: LOI inked, NNN ‘light value-add’ (translation: permits and prayers) Lender: Need 36 tenant estoppels, SNDA from RadioShack’s ghost, and a Phase 1.5 Owner: Rent roll as a blurry photo; CAM recs done on a napkin 😂 Me in Excel at 2:03am: change 4% vacancy to 5% → IRR rage-quits; still telling client ‘tremendous optionality’ 🙂

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The CRE Humor Jokes

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