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The CRE Humor Jokes

When Excel Says 18% IRR But the Lender Reads 0.98x DSCR

2 days ago

1 min read

Me underwriting at 1am: 'Pro forma stabilizes in month 3.' Excel: 18% IRR Lender: 'Send T-12, T-3, rent roll, and your will to live.' Credit Committee after comps: 'We re-traded your cap rate to vibes.' 😬 Model v47: DSCR jumps from 1.25x to 0.98x like it's a TikTok dance 📉

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The CRE Humor Jokes

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