With recent rate volatility, we’ve pivoted to a creative financing strategy to keep things flexible and cost-effective. Instead of a bridge loan, we’re now combining a lower leverage senior loan with a preferred equity tranche. This means we get the same amount of debt but with a more attractive, fixed interest rate.This new debt structure is less risky with the 5-year term and also improves the numbers through a lower all-in interest rate while retaining flexibility to sell or refi in 24-36 months.