When Excel Says 'Cash Flowing' And The Lender Says 'Cute Spreadsheet'
- ricklahkar
- 2 days ago
- 1 min read
Broker: Pro forma hits 6.00% cap and 17% IRR, ez refi Lender: Adorable—now T-12, T-3, fresh rent roll, DSCR 1.35 AFTER TI/LC and the roof crying Excel: one decimal slide and 17% IRR -> 1.7% 😵💫 Client: We still close Friday? Me: If the appraiser answers and CAMs stop multiplying 📉
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