Turnkey 6-Cap vs Hold My DSCR: Friday Close Speedrun
Broker: 'Turnkey' 6-cap, seller swears the roof is a vibe, not a leak Lender: DSCR 1.19, need TI/LC reserve, roof holdback, and an estoppel from the janitor Client: Can we still close Friday if we skip the survey? Me: Rebuilding the model after SOFR popped 25 bps and Phase I said 'recognizable odors' š¤”šµāš«
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