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The CRE Humor Jokes

Stabilized on Paper, Chaos in Excel: The 6-Cap That Aged Me 6 Years

ricklahkar
Jun 28
1 min read

Broker: It’s a clean, stabilized 6-cap Lender: Cool—just need updated rent roll, T-12, Phase I, ALTA, and estoppels from 17 tenants Client: Can we close Friday at 80% LTV and keep the free rent ‘off-books’ for ‘vibes’? Me: Rebuilding the model again because the anchor has ROFR, a dinosaur SNDA, and a roof from 1998 🦖

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The CRE Humor Jokes

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