BrightSpire Capital(BRSP) - 2022 Q4 - Earnings Call Transcript

With that, I would now like to turn the call over to Mike. Early last year, we decided to not fight the Fed and made a strategic pivot to a risk-off mode. We substantially throttled back on loan originations in order to prioritize liquidity. We turned inward to focus on asset management and engaging with all borrowers. We made certain to apprise them well in advance of the significant increases in interest rate cap costs and the implications of rising rates on future loan extension tests. We believe that th ...