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The CRE Humor Jokes

Excel said 18% IRR; Appraiser said 'Best I can do is vibes'

ricklahkar
6 days ago
1 min read

Broker: Pro forma 6.0 cap, 95% occ, upside 'day one' 🤝 Appraiser: T-12 says 82% econ occ, cap is 7.1, roof described as 'vintage' Lender: DSCR 1.35, add interest reserve, also SOFR moved before my coffee Me: Extending escrow while pretending a Canva rent roll is GAAP 😭

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The CRE Humor Jokes

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