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The CRE Humor Jokes

When the Lender Wants 1 More Doc and the Appraiser Brings a Ruler

Broker: It's a simple cash-flowing deal, promise Lender: Please upload the 47th final rent roll... in blue ink Appraiser: Our 2015 comp says your Class A is worth a Panera gift card Me at 1:12am: Nudging cap 20 bps until DSCR behaves, explaining NOI to my soul šŸ˜µā€šŸ’«šŸ“‰

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Term Sheet Says Yes, Appraisal Says LOL

Broker: LOI signed, lender nodding, I preorder the 'Closed' banner Lender: send updated T-12, live rent roll, and proof the roof isn’t a rumor Appraiser: found comps from a C-minus two zip codes away—

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