Don't tell me you're getting a "core 4" next.

Both companies expect to benefit from optimized capital allocation and simpler operations as they focus on their core strengths in the post-spinoff phase.

Those occupancy rates sound compelling and with a hospital nearby it seems likely that there would be demand.

By carefully balancing the collateral and ensuring rigorous underwriting standards, it is possible to mitigate potential downsides while capturing the upside potential, providing a compelling investment proposition in a competitive market.Uses of Mezzanine Debt CapitalMezzanine debt can be deployed effectively in several ways, including:- Liquidity Provision: Providing liquidity to set aside interest reserves for first lien lenders and tax and insurance escrows required by the first lender.- Property Improvements: Funding additional property improvements such as renovations, HVAC work etc.- Operating Shortfall Coverage: Addressing operational shortfalls during challenging periods.Objectives of Mezzanine DebtThe primary objectives when using mezzanine debt include:- Project Stabilization: Completing renovations, construction, or improvements and then stabilizing the property with 90%+ occupancy.- Interest Rate Management: Buying time until interest rates normalize or decline.

I saw a very compelling presentation yesterday by Jason Roberts of REI Blueprint.

I recommend building your "core 4" (Real Estate Agent, Property Manager, Contractor, Lender) in your target market.

I think that we are making, and have made, big changes to get back to this core message, but understand that it will take time to get there.

I would recommend that you give this a read Core 4 to Real Estate investing before doing out-of-state investing.

Is the listing from the default company or Core? 

Then I would focus on growing relationships and building your core-4.