🔥 YOUR CAP RATE JUST MET KEVIN WARSH.

Markets spent months asking when the Fed would make money cheaper.Friday’s answer was basically: perhaps stop underwriting that assumption.🌏 Asia is selling off Monday morning.🛢️ Brent is back around $90.🏦 September Fed hike odds jumped materially.🏠 Thirty year mortgages are back around 6.8%.⚡ Power security is becoming national industrial policy.🤖 AI infrastructure demand keeps getting larger.💰 And Apollo just showed everyone what sophisticated structured capital actually looks like.The transaction I am watching most closely is not a stock.ONEOK is acquiring roughly $4.4 billion of Permian Basin infrastructure while Apollo provides approximately $9 billion of nonvoting minority equity capital, including billions earmarked to reduce ONEOK debt.That is the lesson for developers and family offices this morning.A good asset is not enough.A bankable asset has contracted cash flow, downside protection, a deliberate capital stack, and a credible answer to the question: what happens when the forecast is wrong?This morning’s GRO Money News covers:📉 The Fed’s new rate problem🌏 What Asia is signaling before Wall Street opens🏠 Housing, mortgage rates, and CRE credit🏗️ What actually makes an infrastructure transaction bankable⚡ Why power is becoming the new prime real estate🤖 The next phase of AI infrastructure💵 Stablecoin regulation moving into implementation🧾 A major Section 163(j) tax change for leveraged businesses📊 The jobs data that could move everything Friday💡 Plus today’s sales idea: stop asking clients whether they need financing and show them the capital gap before their lender does.Listen. Share it. Tag somebody whose underwriting model still has interest rates magically falling because the spreadsheet needed them to.Until tomorrow, be the best human you can be.~ Teresa GrobeckerSign up for the daily newsletter on LinkedIn.Read on LinkedIn https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7354236980961886208Listen to GRO MONEY NEWS https://podcasts.apple.com/us/podcast/gro-money-news/id1833953369Until tomorrow, be the best human you can be.~ Teresa GrobeckerGRO GROUP Brought to you by GRO Group—we are actively looking to place $5B of equity financing in 2026 for qualified Master Builders in major MSA territories. We offer multiple financing options, including up to 100% for developments, data centers, and solar projects.Teresa Grobecker, MBA, CRPC, is an investment banker specializing in capital formation and structured finance, bonds and REITs, data centers, AI, solar, ground-up development and conversions, and is a global speaker on blockchain, stablecoins and payment rails with a focus on CRE and public policy.CA DRE 01908507 CEO and Broker of Record, Grobecker Holland International, Inc., CA DRE 01976696GRO MONEY PODcast and the accompanying newsletter are provided for informational and educational purposes only and do not constitute financial, investment, legal, tax, or accounting advice. Nothing herein is an offer to sell or a solicitation of an offer to buy any security or to participate in any investment strategy. Reliance upon any information provided is at your sole discretion and risk. Views expressed are those of the authors as of the publication date and may change without notice. While sources are believed to be reliable, no representation or warranty is made as to accuracy, completeness, or timeliness, and no duty to update is assumed. Past performance is not indicative of future results. Receipt of this content does not create a client, advisory, fiduciary, or brokerage relationship. You should consult your own licensed financial, legal, and tax advisers regarding your specific circumstances. Grobecker Holland International, its affiliates (including GRO GROUP), and their principals may hold positions or have business relationships related to companies or assets discussed.