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The CRE Humor Jokes

The LOI Said 60 Days. The Universe Said LOL

Broker: We close in 30 Lender: After we 'quickly' get estoppels, SNDAs, a fresh ALTA, and a Phase I on the parking lot Appraiser: Adding 'market vacancy' like hot sauce; DSCR says no Me: Rebuilding the model for the 19th time while seller 'discovers' 3 dark suites 🤡📊

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DSCR Says 1.25x, My Soul Says Extension Please

Broker: It pencils at a 6 cap Lender: After our stress test it pencils at a crayon Me: Rebuilding the model because T12 ≠ rent roll and DSCR is allergic to reality 🧮 Seller: No price cut. Also CAMs w

 
 
 
The LOI Said 'Non-Binding' But My Anxiety Isn't

Expectation: 6% cap, clean Phase I, lender jazz hands Reality: 4.3% cap, HVAC is vapor, Phase I finds a vintage fuel tank Broker: we're at the one-yard line; Lender: need estoppels & SNDAs from every

 
 
 

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