Hey everyone, excited to join the group. I work on the commercial real estate debt side as both a direct lender and mortgage broker, primarily across bank, life company, and debt fund executions, and I also invest passively in commercial real estate deals. If helpful, I’d be happy to share periodically, real-time lender color on pricing, leverage, recourse, and which capital sources are tightening up or getting aggressive. Just from last week: • Regional banks were around 5.75% fixed • Life companies were quoting roughly 130–175 bps over Treasury • Bridge lenders were generally around SOFR + 275 depending on leverage and business plan The capital markets have become very deal-specific lately, and it’s been interesting seeing how differently lenders are underwriting industrial based on tenancy, rollover, sponsor profile, and market liquidity. Looking forward to connecting with everyone and hearing what people are seeing in the market.