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The CRE Humor Jokes

When the Appraisal Appraises Your Sanity

ricklahkar
Aug 2
1 min read

Expectation: 30-day close, clean T-12, stabilized NOI Lender: sure—just need updated rent roll, estoppels, Phase I, and a Phase I-and-a-half Appraiser: used comps from 2016, DSCR now 1.19, proceeds evaporated 🪄 Me: telling the client their 6-cap is now vibes-based while reopening Excel Revision_28 😵‍💫

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The CRE Humor Jokes

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