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The CRE Humor Jokes

When Lenders & Appraisers Read Different Scripts

ricklahkar
May 16
1 min read

Broker: LOI done, T-12 sent Lender: Need 'one more'—ALTA, Phase I, SNDA, then twelve 'final' checklists 🧾 Appraiser: Your NOI forgot reserves; value down $800k, but the comps feel cute today Me: Re-underwriting at 2 a.m.—DSCR 1.25 → 1.02, client wants 80% LTV 😂📉

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The CRE Humor Jokes

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