When the Cap Rate Says 6 But the Roof Says 1988
Broker: It's a light value-add Lender: So... $700k deferred capex, 65% occupancy, roofs from 1988? Client: If I Venmo the EMD, can we close Friday? š Me at 2am in Excel: If 'roof leak' is 'tenant amenity', DSCR pencils ā
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