"While we have not determined the amount of borrowings we will ultimately seek under the HUD insured loan program, and all loan applications will be subject to further review and approval by HUD, we have submitted application fees to begin processing the first $100 million of HUD insured loans. At this point, with the ordinary processing time required for HUD to review and approve loans, we do not expect that our loan applications would begin to close until at least the second quarter of 2013. We have identified properties for further HUD insured loan applications up to the maximum value currently permitted under our senior secured credit agreement, to bring the total to $250 million, but we have not yet submitted the fees associated with that underwriting. We expect to evaluate whether to submit the next tranche of loan applications as the first loan applications proceed through the loan underwriting process.