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The CRE Humor Jokes

When The Appraisal Nukes Your Deal And The Lender Calls It Prudent

Sep 15

1 min read

Broker: Comps at 300/SF, stabilized, zero haircuts Appraiser: Saw pigeons, so 212/SF and 9.25 cap Lender: Great, please shave 25% off NOI for market uncertainty 😂 Me in Excel: IRR still 18 if I hold 47 years and add Other Income line called Manifesting 🧮

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The CRE Humor Jokes

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