When The Appraisal Says “Cute Try” And Your DSCR Says “Nope”
Broker: Value pencils at $12.8M, DSCR 1.28x, easy close Lender: Great—need updated T-12, third-party lease abstracts, and your childhood GPA Appraiser: Found a “comparable” barn from 2009 two counties over, value $10.3M Me: Rate lock expires Friday, GP group chat voting on selling kidneys 🥲
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