When the Lender Says One More Item for the 47th Time
- ricklahkar
- 11 minutes ago
- 1 min read
Broker: LOI signed, easy close Lender: Need T-12, rent roll, SNDA, estoppels, Phase I, ALTA survey, and your blood type Appraiser: Using a 2013 Kmart comp; value says your cap rate is a bedtime story Client: Can we close Friday? Me: Re-underwriting for the 9th time—DSCR 1.20 pre-coffee, 0.98 after 🧮😵💫
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