Can't load from soft class reference

I am trying to set an objects BP type by loading it from a folder in my project (based on a bunch of conditions). However even though the path is valid and the reference is valid, it fails to load.
At a bit of a loss here since everything appears to be true up until the load “finishes” and it says it’s not a valid class.

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Did you manage to solve it by any chance? I think I have the issue and can’t find any way or relevant information…