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[Steve Will Do It @stevewilldoit]

i’m giving one of you a fucking ROLEX

like + repost + follow me

one random winner picked 48 hours from this tweet. no purchase necessary

[Chris Powers @fortworthchris]

Today I sit down with Shlomo Chopp, Founder of Case Equity Partners. His job is helping real estate owners get out of or restructure loans they can't pay.

Shlomo got into this after an attorney told him to read the CMBS loan documents, and he read them cover to cover. Today his clients range from owners with a couple million dollars of debt to an $800 million capital stack.

We get into what is actually in a modern loan document, and what a borrower should do before the lender starts looking.

We discuss:
• Why 2008 did not play out like the savings and loan crisis
• How a non-recourse loan turns into full recourse
• How a payment due on a holiday can lock up your cash
• How to study your loan documents before the next deal
• Why an underwater property is the borrower's biggest leverage
• Why he thinks the worst has already happened
• Where he would put $50 million today

Timestamps:
(00:00) Intro
(01:03) Why the Savings and Loan Playbook Failed in 2008
(08:18) How Loan Documents Got Tougher After 2008
(16:12) Why You Should Model Every Clause in Your Loan Documents
(22:16) Which Lenders Hide Full Recourse in the Fine Print
(25:21) How to Learn and Negotiate Your Loan Documents
(32:18) What's Usually Gone Wrong by the Time a Borrower Calls
(39:54) A Borrower's Leverage in a Loan Workout
(44:09) Restructuring a Loan When You're Out of Cash
(49:36) The Game Theory of Negotiating With Your Lender
(53:14) A Good Operator Is Not the Same as a Good GP
(54:53) Why Office and Multifamily Are Seeing the Most Distress
(1:01:17) How Lenders' View of Office Has Shifted
(1:03:26) Why the Worst of the Distress Is Already Here

[Origami @origamichat]

Today, we’re launching ChatGPT-6 Astra for sales.

Simply enter your website URL, and Origami will reach out to thousands of customers promoting your product in seconds, across every single channel.

This is honestly insane.

[Conor McGregor @TheNotoriousMMA]

I believe in one God,
the Father Almighty,
Maker of heaven and earth,
of all things visible and invisible.

I believe in one Lord Jesus Christ,
the Only Begotten Son of God,
born of the Father before all ages.

God from God,
Light from Light,
true God from true God,
begotten, not made,
consubstantial with the Father;
through Him all things were made.

For us men and for our salvation
He came down from heaven,

and by the Holy Spirit
was incarnate of the Virgin Mary,
and became man.

For our sake He was crucified under Pontius Pilate,
He suffered death and was buried,
and rose again on the third day
in accordance with the Scriptures.

He ascended into heaven
and is seated at the right hand of the Father.

He will come again in glory
to judge the living and the dead,
and His kingdom will have no end.

I believe in the Holy Spirit,
the Lord, the Giver of life,
who proceeds from the Father and the Son,
who with the Father and the Son is adored and glorified,
who has spoken through the prophets.

I believe in one, holy, catholic, and apostolic Church.

I confess one Baptism
for the forgiveness of sins,

and I look forward to the resurrection of the dead
and the life of the world to come.

Amen. 🙏🏼

[A @anthony13691109]

@smartertrader 🤣🤣🤣🤣🤣

[A @anthony13691109]

@PatCarino FU Alumn here. This has been the case for 15 years now and don’t imagine it will change in the near future. I signed my lease Sophomore year as well (2018) with 3 months down—The school is only getting bigger and more prestigious. Don’t imagine the market will change.

[Evan @StockMKTNewz]

Anthropic owned Claude just posted this today:

“Claude for Excel, PowerPoint, and Word are now generally available” “As Claude moves between your Microsoft apps, it carries the full context of your conversation.”

[A @anthony13691109]

@smarter411 Good afternoon Sam, thoughts on best play for META earnings ? Much appreciated always 👍🏻

[A @anthony13691109]

@Mrcryptoxwhale @NoLimitGains @grok ‘DONE’

[A @anthony13691109]

@Mr_Derivatives 7554.43

[A @anthony13691109]

@Mr_Derivatives 6996.42

[A @anthony13691109]

@smarter411 Good morning Sam, $QCOM at a 19 P/E , can run huge here on this news no ? AMD at 100+ P/E

[A @anthony13691109]

@smarter411 Thanks Sam 👍🏻

[A @anthony13691109]

@smarter411 #s on ARM up and down if you get a chance before close, much appreciated. Couldn’t find both up and down in old tweets.

[A @anthony13691109]

@OPTIONSMUNDO @smarter411 any leaps you recommend on this Sam.? Thanks for the time 👍🏻

[The Kobeissi Letter @KobeissiLetter]

This is BEYOND insane:

AI compute demand is now growing at over 2 TIMES the rate of Moore’s Law, creating a massive shortage.

Just to meet current demand, $500 billion must be invested in data centers PER YEAR until 2030.

What does this mean? Let us explain.

(a thread)

[A @anthony13691109]

@smarter411 Best MSTR for OCT 3rd Expiration Please 🙏🏻. Thanks and great work last 2 weeks 👍🏻

[unusual_whales @unusual_whales]

Albania has appointed an AI-generated government minister who will avoid getting corrupted, per Bloomberg

[A @anthony13691109]

@smarter411 Best MSTR 2 weeks out ? Thanks Sam

[Donald Trump Jr. @DonaldJTrumpJr]

This isn’t my strong suit and I don’t even know how to begin to put into words the loss I am feeling right now over the assassination of Charlie Kirk. Charlie wasn’t just a friend — he was like a little brother to me - and to millions of people around the world - he was a true inspiration.

He was one of the most courageous, principled men I’ve ever known, and he lived every day with purpose. His faith in God was unshakable, his love for Erika was inspiring, and the way he adored and cared for his two beautiful kids showed the kind of man he truly was.

Charlie dedicated his life to something bigger than himself. He fought tirelessly for this country, for the values that make America great, and for the next generation. The impact he had on young people — reaching them in masses, giving them courage to stand up, to think for themselves, and to fight for freedom — is immeasurable. There is no question that Charlie’s work and his voice helped my father win the presidency. He changed the direction of this nation.

Charlie was never a threat to anyone. He was civil, he was kind, he listened and responded with respect. The only “threat” he ever posed was that he was incredibly effective. He was a powerful messenger of truth, and people heard that truth. That’s what made him a target.

This loss is absolutely devastating — not only for Erika and the kids, but for our country. We’ve lost a leader, a fighter, and a man whose character and conviction were rare. Too rare. To think that his life was cut short by a brutal, heinous, evil act is beyond comprehension. It is horrible and it is heartbreaking.

Moments like this remind us just how fragile life is. We can’t wait to tell people how much they mean to us — we can’t admire them in silence. Charlie knew he was loved, but I want to say it again: he was a brother to me, and I will carry that with me forever.

I know Charlie’s legacy doesn’t end here. He poured into millions of young people who will carry forward the torch he lit. He built something that will outlast him, because it was grounded in faith, in truth, and in courage. And as his friend, I will never forget him. I’ll honor him by loving boldly, speaking truth without fear, and continuing his spirit of courage. His fight lives on in all of us who loved him.

This is an unimaginable loss. For me, for his family, for everyone who loved him, and for America. Rest in peace, brother. You will be missed more than words can ever say — but your legacy will never be forgotten and we will keep fighting the good fight.