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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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Appraiser Brought a 2021 Comp to a 2026 Knife Fight

Broker: T12 scrubbed, 6-cap, Phase I squeaky. Let’s close. Lender: DSCR 1.249 so… escrows, rate cap, and a blood sample. Appraiser: Used a 'nearby' comp 19 miles away behind a cornfield—value: vibes.

 
 
 

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