The Pros and Cons of Using an Alternative Lender for Acquisitions

It's competitive in terms of, I don't know if you could call it interest rate technically with royalty financing. You're looking at anyway, from eight to 12, sometimes even higher percent interest rates for a cash flow loan. We really want to lean into the buy and builds. And because we give different, more and more trunches of capital to existing royalty partners for future acquisitions.