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A lot of firms try to split originators with firm clients, splitting credit, but the true originator is getting close to 20% origination or lateraling 👀 - same math, but confusing language is the game. Happy to discuss in more detail.
20% seems high. But, it’s good to know it’s out there.
If 20% is about the maximum, what’s the minimum? 10%? 5%? 0%?