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The CRE Humor Jokes

My Appraisal Came In Low But My Optimism Was Pro Forma

ricklahkar
Apr 7
1 min read

Broker: It's a 6-cap value-add with Day-1 cash flow Lender: Show me DSCR > 1.25 and actual T-12, not your unicorn pro forma Appraiser: Comp 3 is a cornfield from 2017, so your Class A is C-ish 🧮 Client: Can we close Friday if we switch to bridge today? Me: Sure—after I re-underwrite, reorder PCA/Phase I, herd estoppels, and time-travel 😵‍💫

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The CRE Humor Jokes

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