@Julian Sage, There were hundreds of reviews, and a lot of 5 stars, which played into my decision to go option 1@Avery Carl, I got your advice too late!

If you ever want to look into investing in a cheaper out of state market, I would love to tell you about the Rock County, Wisconsin market.

My 2000+ 5 star reviews speak for themselves. 

.$           0         Need rock for road $5,000 $190,000         New construction. 

Carolina Hard Money, based in Rock Hill.

Jimmy Carter joined, early on, in this charity's beginnings; except that Fischer joined it in Portland, Oregon, where he worked for several years, which put Bruce as very proficient in re-hab work, when the bottom of the U.S. economy fell out, a few years back, & then class C-class D Rentals in Longview, Washington, went to rock-bottom prices, which allowed Bruce Fischer to buy many of the, with litlle or no money.

Throw rocks and people run away.- Stuff changes - Look at NYC and the mass migration of the rich to FL. 

Maybe not rock the boat? 

(Bobby and Mary are automatically ranked on the website as either 5 star buyers or 1 star buyers. these pre defined metrics could be things such as if they have uploaded their government issued ID's, how many viewings they have been to previously and whether or not they are on time or always late ect. if they have already uploaded 3 months banks statements etc) (these metrics could be anything, SIMPLE enough for the buyer to access and but super HELPFUL IN EXPEDITING the sales process later down the line) This also helps to weed out serious buyers and window shoppersAnyways, Bobby and Mary are 4 star rated and the seller is happy with that :) Bobby and Mary view the property,un-pressured by an agent helicoptering them and happy to take their and time and mingle with the owners during the process, getting a feeling if the property would be a good fit for them.

This doesn't mean that you should panic, and if you have questions, read your loan docs, and call your lender.What's interesting to me is that this has been planned for a few years now, yet there's still some unknowns, questions, and uncertainties from many of the counterparties involved.From what I can see, borrower's won't have too much of an effect as the banking sector is trying to not rock the boat too much, and rates should be comparable - it's just a different "measuring stick" that a couple dollars around the world are based on :)SOFR is designed to be less manipulatable than LIBOR since it's based on transactions rather than expert bankers judgments (it's pretty crazy to think that $200 Trillion of financial service products around the world are based on "experts judgments.")