The beauty about residential is you have government backed programs for debt like Fannie Freddie, they can get you high leverage non-recourse. In commercial, the length of a loan tends to be five to seven years but the leverage tends to be much lower. But certainly, there are cash out refinances. We do them all the time. I wish if there was one thing that could change a commercial real estate industry forever, would it be Fannie and Freddie loans on commercial property? That would be great.

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