The 6 Cap Catfish: Underwriting at 2AM Edition
- ricklahkar
- May 19
- 1 min read
Broker: it’s a clean NNN, turnkey, 6 cap Lender: after taxes, reserves, real T-12, and Mercury in retrograde? Appraiser: found a ‘comp’ with goat yoga anchor at 7.5 Me in Excel at 2:03AM: DSCR says ‘lol no’ 🧮 Seller at closing: surprise roof report, HVAC is performance art 😅
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