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The CRE Humor Jokes

When the Appraisal Is From Narnia

Broker: Rent roll clean, LOI tight, we close Friday šŸ¤ Lender: Update T-12, 3 estoppels, SNDA, and DSCR at today's SOFR... now 🧮 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? šŸ˜µā€šŸ’«

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Term Sheet Says Yes, Appraisal Says LOL

Broker: LOI signed, lender nodding, I preorder the 'Closed' banner Lender: send updated T-12, live rent roll, and proof the roof isn’t a rumor Appraiser: found comps from a C-minus two zip codes away—

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