🏠 Treasury Yield Updates 5-Yr UST Yield: 3.821% > 3.816% 10-Yr UST Yield: 4.234% > 4.222% Why is this important? - Typically for every 20 basis point swing, rates will move 1/8th in the corresponding direction. In the last week rates have held steady with no real movement in any direction. 📈 Industry Headline •Loan Apps Slow Down After 4 Week Push: Significant increase in mortgage rates have dissuaded home buyers and investors in the last week. Demand has dropped 10.9% in the last week 📘 What You Should Know (Opinion) Inflation and Energy Prices Are Creating Rate Volatility Recent inflation concerns and rising oil prices are keeping bond markets sensitive, which means lending costs can move quickly even when headline rates seem stable.

🧠 What Changes When You Scale Your first few deals may work because: - You’re focused on one property at a time - Your liquidity is concentrated - Your exit timelines are manageable As you scale, every new deal creates overlapping pressure: - Multiple maturity dates - Multiple tax payments - Multiple rehab timelines - Multiple exits happening at once 🏗 Real-World Example An investor has: - One bridge loan on a fix-and-flip - One DSCR refi in process - One new acquisition under contract Each deal may work individually. But if one exit delays: - Liquidity tightens - Extension costs increase - New opportunities become harder to capture This is where scaling gets exposed. 📊 What Private Lenders Watch Closely Private lenders often focus less on the property alone and more on whether the borrower can manage multiple active projects. They look at: - Liquidity - Existing loan exposure - Exit timing - Global leverage across all projects Because one delayed project can affect everything else. 🎯 The Takeaway Scaling with private capital is not just about borrowing more. It’s about controlling: - Timing - Liquidity - Exposure The investors who scale best don’t just find deals — they manage risk across the full portfolio. 💬 What becomes harder as investors scale: finding deals, managing exits, or preserving liquidity?

🏠 Treasury Yield Updates 5-Yr UST Yield: 3.845% > 3.821% 10-Yr UST Yield: 4.255% > 4.234% Why is this important? - Typically for every 20 basis point swing, rates will move 1/8th in the corresponding direction. In the last week rates have held steady with no real movement in any direction. - Big jump in rates in the last week. It seems as if that jump is cooling off a little. Hope to see the treasuries dip into the mid 3’s (5-Year) and low 4’s (10-Year) 📈 Industry Headline • First Time Homebuyer: Interesting read on the ever increasing age of first time homebuyers. From 33 to 40 in only 5 years. Is it time to panic? I’m 26 years old and don’t want to be 14 years from my first home! 📘 What You Should Know (Opinion) Even with rates above 6%, purchase activity is improving. Freddie Mac noted that buyers are responding because today’s rates are still lower than this time last year, when rates were closer to 6.65%.