When The Appraiser Uses A 2009 Comp And My LOI Evaporates

Broker: DSCR pencils at 1.30 Lender: Need updated rent roll, T-12, T-3, and your blood type Appraiser: Valuation based on a 2009 comp next to a shuttered Sears 🤡 Me: Explaining to client how 60 bps + retrade + roof leak still equals great deal 🧮