When The Appraisal Ghosts Your Pro Forma
- ricklahkar
- Aug 10
- 1 min read
Broker: LOI signed, close Friday Lender: Need fresh T-12, estoppels, SNDA, and proof the roof isn't a suggestion Appraiser: Calling it B+ because the parking lot lacks swagger—value light by $1.2M 🙂 Client: How? Me: DSCR met cap rate in a dark alley and lost 😵💫
.png)

Comments