So yeah, our economic system is an inflation system. 

Because of that, there is a lot of economic development which drives jobs, housing demand, rent growth, and appreciation.

I just find it disturbing to think that a lot of economic activity is just selling nonsense to each other rather than creating products or services of real value."

Every time that I have a new project, the template is customized accordingly to what I learn during the time in the project.When you mention a deal, it is also important to understand what is the end goal of that, are you looking for rental, fix and flip, STR, MTR, every one of these deals have their own tab in my spreadsheet because the economic are different. 

It means the city’s economic foundation is strengthening quietly while national noise bounces around.

Legislators understand where the economic engine is.It also helps that the first $100 million was deployed cleanly—no waste, no drama—so the city walks back into the Capitol with real credibility.This year’s request focuses on building momentum:– Converting vacant downtown buildings into productive space– Upgrading the Belvedere and Convention Center corridor– Advancing LouMed– Improving the Waterfront Amphitheater– Building a modern regional first-responder training campus– Transforming Jefferson Memorial Forest into a meaningful outdoor destination– Expanding sports-tourism facilities that drive steady visitor trafficHousing is another major pillar.

Despite the government’s recent reopening, the economic data blackout continues, leaving investors with limited fresh macroeconomic signals to guide positioning.

And it’s why Louisville continues to be what it has always been: steady, durable, and consistently consistent.Here's the twist:The more national office distress you see,the more capital rotates into industrial, logistics, retail, and mixed-use redevelopment.And Kentucky is positioned right in that slipstream.Investors love stability.Companies love access.Workforces love affordability.And right as NAR is projecting double-digit home sales growth in 2026 and a 4% bump in prices, Kentucky is stacking real economic foundations, not headlines.

It becomes a de facto taking.There’s also an important human and economic dimension: The owner actually uses the land to operate a truck fleet, which is how they work and employ others. 

They don’t usually foreclose like mezz— they take over control rights if things go sideways.Ideal for:Ground-up or heavy value-add where cash flow is lumpyDeals where senior lenders cap leverageSponsors who need flexibility on timing of returnsThe real deciding factor: cash-flow timing vs. controlIf you can make regular payments but don’t want to dilute ownership → MezzanineIf you can’t guarantee near-term cash flow but need capital to close the gap → Preferred EquityIf your senior lender forbids mezzanine (which happens often) → Preferred Equity is the workaroundOne more nuance most posts miss:Preferred equity comes in two flavors:Soft Pref – economic preference, no takeover rightsHard Pref – essentially mezzanine equity with control triggersUnderstanding which version you have matters just as much as the return.Both tools are powerful, if you pick the wrong one for the wrong project, it can wreck your risk profile.