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The CRE Humor Jokes

TI: 6 Weeks. Permits: LOL. Lender: After CO.

Oct 12
1 min read

Broker: TI done in 6 weeks, turnkey, easy win GC: After demo we found asbestos, an orphaned mezzanine, and the city's favorite surprise: new ADA ramp Lender: Draws released post-inspection with third-party cost review; also add 12% contingency and an interest reserve bump Me at 2am: Rerunning CAM, TI, and free rent; one basis point and the IRR turns into a pumpkin šŸŽƒ Tenant: Can we go with black ceilings? Me: Congrats, you just bought a sprinkler upgrade šŸ˜‚

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