When Excel Says 1.35x And The Lender Says lol: An Underwriting Horror-Comedy
- ricklahkar
- Apr 10
- 1 min read
Broker: It’s a clean deal, 95% occupied Me: Modeled 1.35x DSCR and a 6 cap, feeling invincible Lender: Please upload trailing 47 P&Ls, roof selfies, and proof your pro forma believes in gravity Appraiser: Value… depends who asked Me at 2:37am color-coding 19 tabs: Is this underwriting or Sudoku on nightmare mode? 😵💫
.png)

Comments