We paid MILLIONS in a 3 yr cap to make you think we have mitigated the risks of floating rate debt.

Investors can lose their capital, there can be cash calls to keep the boat a-float, and no exit strategy 

I loved having my wife drive me three miles up river dropping me off with my kayak and i’d float down catching fish for hours . 

Everything was floating rate loans. 

I installed too thick of underlayment which caused the floor to not float like it should in my kitchen.

You can typically secure shorter term 3-5 year fixed rate permanent financing for this with lower leverage, or if you're feeling riskier you could go with a higher leverage, more expensive floating rate bridge loan.

I think for now, I’ll just float the rehab with my capital and get a tenant in there.

Problem is if your debt comes due in a down market, which is what's happening to a lot of operators with floating rate.

As a professional property manager, it’s unsettling to think how many poorly drafted leases like this are floating around out there.

It's a leap of faith but, yes, we typically book a time we think people will want and then float it out there.