Interesting deal, curious if you have received terms at 60% LTV, 5-years IO, 6% rate? The lower leverage certainly warrants IO, however, I'm wondering if we can lower there rate and/or increase the LTV to reduce the equity contribution. I'm also coming up with a higher annual debt service vs. what you have on page 8 in the deck. Happy to discuss. Happy to discuss your Fund to Fund idea as well. My cell is 847-772-6352. -Chris Peters.