But cap rates for early education assets are a bit of a moving target right now.

"We have to think about how you can monetize space more effectively."

The moment that your interest goes over yield, it's going to make it extremely difficult to underwrite a deal.

Also, the labor market showed positive signs on staffing and costs.

The bridge lender was Greystone Monticello.

New York executive Jan LaChapelle is joining the firm.

Increased insurance escrow payments have caused some borrowers to breach loan debt-service coverage ratios.

It'll be worse than the dot-com crisis, but not as bad as the financial crisis.