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The CRE Humor Jokes

Light Value-Add, Heavy Therapy: Underwriting vs Reality in CRE

Sep 29

1 min read

Broker: 'It's a light value-add' My model at 2am: 47 tabs, 18 circular refs, DSCR 1.19 and vibes 😵 Lender: 'Send the T12 and rent roll' — Excel: auto-saves, corrupts, restarts Seller: 'Here’s our 2019 pro forma' — Me: 'Cool, I underwrote the Tooth Fairy too'

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The CRE Humor Jokes

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