Term Sheet Says Yes, Appraisal Says LOL
- ricklahkar
- 7 hours ago
- 1 min read
Broker: LOI signed, lender nodding, I preorder the 'Closed' banner Lender: send updated T-12, live rent roll, and proof the roof isn’t a rumor Appraiser: found comps from a C-minus two zip codes away—value slides, DSCR wheezing 📉 Client: where’d $800k go? Me: sacrificed to Lenders, Appraisers, and Cap Rate Mood Swings 😵💫
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