When Your Model Says 1.25x DSCR And Reality Says LOL No
Broker: It’s a clean 6-cap, light value-add Lender: Cool, send T-12, rent roll, CAM recs, and your kindergarten report card Excel: Circular reference—also you hardcoded 9% growth, champ Me at “closing”: DSCR 1.25x… until taxes reset and it’s 0.98x 📉🤡
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