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The CRE Humor Jokes

When the Appraisal Comes In Light and the Lender Goes Dark

ricklahkar
Apr 23
1 min read

Broker: 5.25% cap, value-add, underwritten like a Marvel origin story Lender: Nice—DSCR 1.30 on T-12 or my credit box becomes a credit shoebox Appraiser: Found a 'comp' from 2009 three exits away—adjusted -$2.8M 😂 Me: Rebuilding the rent roll at 1:59am so the term sheet doesn’t evaporate 😵‍💫

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The CRE Humor Jokes

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