This is another difficult project that we financed successfully through the conventional program and at 75% Loan to Value. Many hotels sold by corporate owners have higher expenses than owner operators do. Our challenge in these projects is to properly dissect the expenses and to determine the expected costs once the buyer takes over. More challenging however is to substantiate our projections to make them acceptable and agreeable by our lenders. This hotel had so much of the high corporate expenses that made it very difficult to prove the expected sizable drop in the expenses once the buyer takes over. The 1.5 million Formula Blue PIP made it more challenging to structure this loan for this acquisition specially for buyers who have not had experience for the IHG brand or the sizable PIP.