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The CRE Humor Jokes

When the Appraisal Hits 12 Hours Before Rate Lock

ricklahkar
Jul 29
1 min read

Broker: DSCR pencils at 1.27, everyone breathe Lender: cool, just need appraisal, Phase I reliance, and an ALTA from Mars Appraiser: used 2019 comps at an 8.5 cap—value down, subject to lease-up Me: there goes IO, proceeds, and my weekend 🙂 Seller: no re-trades; deposit was hard yesterday. Good luck! 🫠

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The CRE Humor Jokes

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