T-12 Says 'Trust Me, Bro'—Due Diligence on Nightmare Mode
- ricklahkar
- Apr 12
- 1 min read
Broker: It's turnkey. Lender: Need Phase I, ALTA, estoppels, SNDA, T-12, and proof God exists. Client: So we can close Friday? Me opening the data room: 4 rent rolls, 3 SNDAs, 0 same numbers, and a mold report named 'final_v7_REALfinal' 😂 Cap rate: falls 50 bps just from reading that.
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