Stress Testing Projections

Dale's coming in with the good questions. Okay. Yeah, Love Express Test storage, cash flow, occupancy haircut. Typically our acquisition customers are increasing occupancy expense.

What he's asking is, how do you— well, let's make sure we agree with— let's do it 2 ways. Um, how do you— if I give you my pro forma I think this is what Dallas is asking. If I give you my pro forma, what I think is going to have happen, how do you stress test that? In other words, are you taking haircuts on that? I think we do.

We do, we do. So we do a couple things. We increase your interest rate by 25 basis points, so it's 0.25. We add that onto your rate. In certain rate environments, we'll add a whole point on. So like when interest rates were going up, we added a point. So your deal really had to work. And we said no a lot in that time. And people, I feel like, are grateful because—

Yeah.

I didn't put them in bad deals. Today we're doing 25 basis points.