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The CRE Humor Jokes

Underwriting Jenga: DSCR Edition

ricklahkar
3 days ago
1 min read

Broker: 'Pro forma conservative—6 cap, rent roll immaculate' Lender: 'Then why does DSCR drop to 1.05x if I delete the cell named Misc Magic?' Me in Excel at 2:17 AM: IF(IRR<18%, add 'Other Income: Naming Rights to the Dumpster') 😂 Client: 'We close Friday?' Title: ALTA shows half the parking lot is a 1973 horse easement

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The CRE Humor Jokes

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