The Rent Roll Said 'Stabilized' — My Inbox Said 'Bring Snacks'

Broker: T-12 clean, DSCR 1.35, easy close Property Manager: Also the roof leaks, tenant pays 'NN-ish', and the estoppel is from 2019 Lender: Cool, just need a fresh SNDA, ALTA, Phase I update, and a 200-tab model Me: Extending the PSA for the 3rd time while repainting the cap rate in Excel 😵‍💫 Seller: 'No retrades.' Market: 'Vacancy just introduced itself.' 📉