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The CRE Humor Jokes

Expectation vs Reality: The 4:59pm Email That Nuked My Cap Rate

ricklahkar
Apr 30
1 min read

Expectation: 6.25% cap, 1.35x DSCR, lender loves it Reality: T-12 shows zero CAM, HVAC obituary, estoppels signed by Manager probably Lender at 4:59pm: need fresh Phase I, ALTA update, proof the anchor isn't month-to-month 😬 Me to landlord: can we extend closing; Landlord: sure, add 50 bps and name your firstborn Estoppel 😂

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The CRE Humor Jokes

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