When the Appraisal Hits Harder Than DSCR
Broker: 5-cap, full ask, lender loves it Lender: Cool—send T-12, rent roll, ALTA, estoppels, and your first-born 🧮 Appraiser: Best comp is a 2016 church 3 towns over—value down 12% Me: Re-underwriting at 2 a.m. while seller texts 'we still closing Friday?' 🤡
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