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The CRE Humor Jokes

Expectation: 22% IRR, Reality: T-12 With Plot Twists

2 days ago
1 min read

Broker: Pro forma rents are conservative Lender: Cool, email T-12, T-3, T-1, and maybe your soul Excel: IRR 22% if expenses take a nap šŸ§®šŸ˜… Seller: BTW roof is from 1927 and CAM reconciliations are interpretive Me: Extending LOI again like it's a free trial that never ends

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