@ClayTravis Not a comprehensive analysis of this, Clay. People in the organization have indicated that the class will be around 12 takes. With the new 5 for 5 and the average remaining eligibility on the team this was never going to be a big class. Hold out for the stars, fill pos. of need.
@atrupar When SOFR was 0.1%, in 2022 it made sense for people to take out short term floating rate debt because of how cheap it was. These three/four year term loans and their collaterals underwriting have been cooked by SOFR shooting up. Property misses underwriting target=cash in refi.