Our borrowers are sophisticated commercial real estate investors, typically looking for financing to bridge a period of up to five years for such items as capital improvements and redevelopment of a property, or for the purchase of another property. The loans are normally repaid with conventional mortgage funding from a financial institution once the transition period is over or with proceeds from the sale of the property. Borrowers are willing to pay higher interest rates and fees for structured mortgage loans as our loans provide the ability to execute quickly on real estate investment opportunities, early repayment privileges, structured solutions including the option to use multiple properties as security and potentially lower monthly payments.