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The CRE Humor Jokes

When Excel Says 18% IRR But The Rent Roll Says “LOL”

Apr 15
1 min read

Broker: Proforma is “conservative” at 5% vacancy Me in Excel: delete reality until DSCR=1.25 and IRR=18% 🧮 Lender: Cool—send T-12, rent roll, tax certs, and your first-born Excel: #VALUE! the second I add real taxes; deal re-traded into dust 😵‍💫

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