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The CRE Humor Jokes

The Appraisal Diet: How My Deal Lost 11% Overnight

Broker: It pencils at a 6 cap Lender: After taxes, reserves, TI/LC... DSCR 1.19 Appraiser: Found a 2016 comp—value -11% Me: Re-trading equity, re-building Argus, renaming v37_final_FINAL2.xlsx 🧮🤡

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Appraiser Brought a 2021 Comp to a 2026 Knife Fight

Broker: T12 scrubbed, 6-cap, Phase I squeaky. Let’s close. Lender: DSCR 1.249 so… escrows, rate cap, and a blood sample. Appraiser: Used a 'nearby' comp 19 miles away behind a cornfield—value: vibes.

 
 
 

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