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The CRE Humor Jokes

Industrial Deal Underwriting: Powered by Vibes and Circular References

ricklahkar
3 hours ago
1 min read

Expectation: 32' clear, ESFR, dock-high, 10-yr credit lease Reality: 18' 'charming' clear, one sad drive-in, swamp coolers, crypto tenant handshake Lender: 'Debt yield + DSCR?' Me: 'Pick your fighter: pro forma or T-12' 😂 Excel: circular refs on; capex tab evaporates; yet model says 'it pencils' 🧮

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The CRE Humor Jokes

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