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The CRE Humor Jokes

Expectation: Clear to Close. Reality: Appraiser Found a 2009 Comp

Broker: DSCR 1.27, tenant signed, treasury chilled — we’re clear to close 😌 Lender: Amazing, just recast the whole deal at SOFR+plot-twist and resend 'final' finals Appraiser: Pulled a 2009 comp that ‘feels right’ — value magically -12% Me at 2:14am in Excel: Goal Seek says 'seek therapy' 😂

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Term Sheet Says Yes, Appraisal Says LOL

Broker: LOI signed, lender nodding, I preorder the 'Closed' banner Lender: send updated T-12, live rent roll, and proof the roof isn’t a rumor Appraiser: found comps from a C-minus two zip codes away—

 
 
 

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