Pro Forma Promises vs Closing Day Plot Twists
Expectation: Buy NNN at 5.25% and go golfing Reality: County reassesses to Mars, 2019 CAM true-up resurfaces, roof dies during lender tour Broker: it’s stabilized | Lender: need T-12, T-3, T-FOREVER | Owner: still Friday close? 😬 Me in Excel: hide Column J, DSCR disappears; underwriting complete ✅
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