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The CRE Humor Jokes

Pro Forma Said 8 Cap, Appraiser Said Vibes Only

ricklahkar
15 hours ago
1 min read

Broker: Pro forma shows 8.5% cap, stabilized Day 1 Lender: Cool, just need T-12, T-3, rent roll, estoppels, and your childhood immunization record Appraiser: Found a 2016 comp 40 miles away; adjusted value -47% because "parking feels mid" 🤡 Client: Thought this was turnkey Me: It’s 2:03 a.m., Excel screaming CIRCULAR REFERENCE while IRR does witness protection 😵‍💫

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The CRE Humor Jokes

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