When the Appraisal Is From Narnia
- ricklahkar
- Apr 8
- 1 min read
Broker: Rent roll clean, LOI tight, we close Friday š¤ Lender: Update T-12, 3 estoppels, SNDA, and DSCR at today's SOFR... now š§® Appraiser: Pulled a comp from a goat farm 48 miles away - value down 11% Client: So we re-trade, or monetize the parking lot with forklift Airbnb? šµāš«
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