The 4:59 PM Appraisal Drop That Nuked My DSCR
- ricklahkar
- 3 days ago
- 1 min read
Broker: It’s a 6.0 cap, lender soft-quoted, Friday close vibes Appraiser: 2019 comps + "market vacancy 10% just because" 😐 Lender: DSCR 1.18 now, cut proceeds, escrow rate cap, need SNDA + fresh ALTA Me: Re-underwriting T12 at 12:01 AM while client asks why 30 bps erased $1M 😵💫
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