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The CRE Humor Jokes

When 'Turnkey NNN' Becomes 47 Excel Tabs and a Prayer

ricklahkar
Apr 28
1 min read

Client: It's turnkey NNN Lender: Need rent roll, estoppels, SNDA, roof age, Phase I, and a blood oath Me (Broker): Proforma says 6.25% cap Excel: After CAM true-up + 8 months free rent = 4.19% cap 🫠 Seller: 'Multiple offers, price firm' 😵‍💫

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When the Lender Says One More Item for the 47th Time

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Clear to Close* (*Until Lender Remembers Global Cash Flow)

Broker: LOI signed, victory lap Lender: Need SNDA, updated estoppels, 12-month roof reserve, and your left shoe Landlord: NNNs reconcile after CAM true-up, security guard, and 47 'misc.' line items Cl

The CRE Humor Jokes

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