Expectation: NNN Nap. Reality: Estoppel Olympics
- ricklahkar
- 1 day ago
- 1 min read
Broker: EZ close, 95% occupied, tenants sticky, naps pending Lender: need Phase I, maybe Phase II, SNDA, roof cert, 30 estoppels, borrower name spelled 5 ways Client: can we 1031 by Friday if we retrade 500k and add free rent? Me: modeling T-12, T-3, CAM true-up at 2:07am while appraisal uses 2018 comps 🧮🤡
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