When you are getting  down money from other people's money, with floating debt, it's a speculation.

So say you had $100k investment, when that ends up being $50k returned and it’s three years later there will be some pain Yes I can say 90 percent of the fund level are in trouble , either capital call or they try to exit within cost or they purchase swap to hedge , with the capital call of course , I would say all LP in 2020 2021 are losing money … hence they try to redempt from good investment like HML.most syndication uses floating rate back then … hopefully by this time the cost for swap is cheaper so they can hedge their loss a bit currently most of them can’t even meet the SOFR portion of the debt. 

If the market doesn’t spring back to 2023 numbers , I’m hoping the uniqueness keeps it floating above the other 11,000 cabins out there .  

Lastly, our first two that purchased were home runs so can float the monthly losses, but it's always going to cancel out our good returns on those.

They are holding funds so they can live in the float as long as possible, probably because they don't have the cash to pay up.

I told him he has 24 hours to send me the remainder as I'm not floating a dollar for him given the state of the relationship.

They forged documents, have the assessor for king county as one of their CEOs (my property was in Clark county WA but my property title was changed in King county WA where he WAS the assessor) hsbc had to pay me and countless others for bad foreclosure practices and that caused them to go bankrupt and my loan was floating and I essentially owned home free and clear due to terms of the contract stating that if loan was to be sold that hsbc my husband and I and the new proposed lender had to all meet in person and sign new paperwork permitting the transfer of the loan which never happened.

Replacing the little float on the chain worked.Maybe this would work for you too.https://www.amazon.com/American-Standard-7381-129-200-0070A-Flapper-Chain/dp/B004XVO6ZC?

I think we will some more small hikes, and I think we will see some small cuts, but ultimately rates will continue floating in the 6% +/- range.  

Do you have the funds to float and pay the expenses to keep your units operating in a month like that where you are having to pay the mortgage out of our own pocket?