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The CRE Humor Jokes

Underwriting vs Reality: VLOOKUP Says 1.30x, Lender Says “Cute”

Sep 28

1 min read

Broker: Model shows 1.30x DSCR Lender: After T-12 scrubs, 3% mgmt, reserves… it’s 0.99x Excel: Circular ref; VLOOKUP pulled proforma not actuals Me: Renaming ‘FINAL_v12’ to ‘pls_work’ and marking TI/LC as “future me” 🧮😬

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The CRE Humor Jokes

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