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LOI Signed, DSCR Left the Chat

Writer: ricklahkar
ricklahkar
Oct 11
1 min read

Broker: it’s a 6 cap, turnkey Lender: after stress test #3, DSCR is 1.12—need T-12 v2, SNDA, and a roof cert Property Manager: CAM ‘recon’ found a 1998 RTU and a tenant paying in gift cards 🤡 Me opening Excel: circular ref killed the deal, but my cold brew didn’t ☕

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