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The CRE Humor Jokes

Expectation vs Appraisal: When Your 6.25% Rate Meets a 1973 Laundromat

Sep 13

1 min read

Broker: Underwrote at 6.25% rate, 70% LTV, DSCR heroic, rent roll cleaner than my browser history Lender: Send T12, T24, YTD, a selfie with the roof, and proof the HVAC believes in cash flow Appraiser: Comped against a 1973 laundromat 42 miles away, adjusted negative for optimism Me: Excel says it pencils if taxes disappear, insurance un-exists, and cap rates rewind to 2019 🧮😵‍💫

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The CRE Humor Jokes

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