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The CRE Humor Jokes

Expectation 5 Cap vs Reality: Lender Says Thats Cute

Sep 27

1 min read

Broker: Pro forma NOI = $1.2M Lender: After reserves, TI/LC, and that 1998 roof... it’s $742k Client: So 5 cap still closes Friday? Me: Let me ask my circular-reference model and the appraiser who went PTO mid-close 🤡🧮

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The CRE Humor Jokes

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