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The CRE Humor Jokes

Expectation: LOI Bliss. Reality: CAM, TI, and 47 Excel Versions

Sep 26
1 min read

Broker: LOI signed, smooth sail Lender: Need third-party report #7, DSCR now 1.18, add rate cap and reserves Client: TI means… free renovation, right? Why is CAM recon higher than rent? 😵‍💫 Me at 2:41am: Version_47_FINAL_v9.xlsx says we close… never

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