and recognized jessie harlan and egan. >> do we have any announcements. >> ly call roll. director lee. >> here. >> lee present. >> director nuru. >> present. >>> director reiskin present. >> director harper present. >> i will note for the record that director sartipi will not by able to join us today due to scheduling conflict. >> do we have any communication or board of directors old or new business? seeing none we'll move to the executive director's report. >> good afternoon everyone and happy new year. we start with some good news today, having to do with our bridge loan that we reported on last moment we will be closing next week, that is a great achievement. also we had reported to the board that we're looking at syndicating the loan. it turns out that we no longer have to do that. golden and wells fargo have committed to fund the entire $171 million, $86 million and $85 million respected [sp*-ebgt/]ively and that is very good news and we're closing next week. i can't tell you what a testament it is to our organizion and the growth of our organization to apply for $1