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The CRE Humor Jokes

When The Appraisal Values Your Sanity, Not Your NOI

ricklahkar
Jun 29
1 min read

Broker: We’re at 65% LTV, 1.35x DSCR, clean Phase I—easy close Lender: Perfect, just need estoppels, SNDAs, three rent rolls, and proof the roof isn’t lying Appraiser: Pulled a 2016 comp for “stability”; concluded value = vibes 📉 Me: Reclassifying TI for the 7th time so Excel whispers 1.26x instead of 1.24x 😵

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The CRE Humor Jokes

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