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The CRE Humor Jokes

When Your DSCR Wins In Excel But Loses At The Term Sheet

Aug 29

1 min read

Broker: Pro forma DSCR 1.28x, 6.25% cap, credit tenant—EZ close Lender: Cute—using trailing-3 and SOFR+350, DSCR 1.01x; also need a $400k reserve Client: Uncle says NNN pays itself; wants 85% LTV and free TI/LC Me (in Excel): after one circular ref, IRR is a meme and the rent roll reads like fan fiction 😅

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The CRE Humor Jokes

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