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The CRE Humor Jokes

NNN Dreams vs Lender Math: The Cap Rate Plot Twist

Sep 28

1 min read

Broker: It’s a ‘simple’ NNN at 6.25%—tenant pays everything Lender: Cool, send T-12, SNDA, estoppels, roof core, and a debt-yield > 10% Appraiser: 2019 comp with a roof leak says 7.8% cap, so value = vibes Client: Need 80% LTC, 30-yr amort, 5% fixed, close Friday Me in Excel: If vacancy goes negative and TI is a myth, IRR 18% 😵‍💫📉

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The CRE Humor Jokes

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