When The Appraisal Yeets Your Cap Rate Mid-Escrow
- ricklahkar
- Jul 7
- 1 min read
Broker: LOI signed, 60-day close, vibes immaculate Lender: Need T-12, T-3, T-everything, plus DSCR to 1.35x or we cry Appraiser: Surprise—value down 12%, comp across town was actually a vape shop with goats Client: Can we still lock rate? Me: Only if we lock my tears in escrow 😵💫
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