Owner Says 'Simple NNN' — Lender Says '2019 DSCR' — My Sanity Says Bye
- ricklahkar
- May 1
- 1 min read
Owner: Need 10-yr NNN, no TI, 6% annual bumps Tenant: Wants 12 months free, new roof, and an emotional-support forklift Lender: 'DSCR 1.35... using 2019 rents and 50% vacancy reserve' Me: Drafting SNDA/estoppels at 11:59PM while the 10-Yr Treasury moonwalks 📉🫠
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