Mr. Sean Alger:

As part of every loan proposal, we have a cash flow from the borrower which projects the timing of draw downs and sales receipts. For every loan we approve, there is an expected date for the development to be launched to the market. There are also specific timings around when sales are expected to complete. We monitor that in conjunction with our borrower. Let us take the example of a 20-unit development. As soon as each house sells, we get the sale proceeds, which reduces the borrowers loan to us. Typically for a 20-unit development, we might be repaid after the 16th house is sold. That is the source of our repayment as each unit gets sold.