Expectation: 95% Occupied. Reality: 95% Free Rent
- ricklahkar
- 3 days ago
- 1 min read
Broker: It's 95% occupied (pro forma, obviously) Lender: Cool—send T-12, T-3, rent roll, estoppels, SNDA, and your childhood diaries Me in Excel: DSCR 1.30 until I unhide 'Free Rent', 'TI/LC', and 'CAM true-up' tabs 😬 Appraisal: 'Stabilized in 6 months'—on a 1999 C-class with a roof like a colander 4:59pm Friday: Buyer wants a buydown, Seller wants yesterday's comp, I want Ctrl+Z 🧯
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