When 'One Last Doc' Turns Into a Due Diligence Dungeon
- ricklahkar
- May 9
- 1 min read
Broker: We're clear to close Lender: need one last doc—estoppels from 47 tenants + SNDAs + proof the parking lot exists Seller: Roof 'new in 2019' = two patches and a prayer Excel: IRR down 200 bps after finding $0.37 in CAM, T-12 vs rent roll now hate each other 😵💫 Client: Friday close? Me: Phase I found a 1987 gas station, three USTs, and my will to live 😂
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