Question-and-Answer Session
Operator
Thank you, sir. (Operator Instructions). And our first question comes from the line of Jordan Sadler with Keybanc Capital Markets. Please go ahead.
Jordan Sadler
Thank you and good morning out there. First question is for Mike regarding, I guess the results of the survey and just your thoughts in general regarding datacenter demand from what you’re seeing. Just maybe you could characterize it in terms of innings, what inning as a ball game do you think we’re in here today?
Bill Stein
You know, that's the good question. Certainly demand continues to be strong and by all indications yeah, the datacenter facilities for many corporations really are not discretion, I mean, they required for continued productivity and continued expansion of the businesses, and I think they cut across virtually all vertical markets. I don’t know, I mean, I would think that we’re maybe in the, I am guessing third inning, fourth innings perhaps in the middle of the game, I think we’re going to continue to see leasing our foreseeable future with the next 24 months, 36 months hopefully, we are going to continue to see pretty strong demand.
Jordan Sadler
Okay. And what are you seeing on the supply side?
Bill Stein
Supply, doesn’t seem to be picking up to the expense to meet, the forecasted demand that we’re seeing. We are redoing some other analysis in house on the market by market basis, looking at kind of 7 or 8 top markets, and leasing a pretty lease from all our own research, we’re seeing a pretty significant supply demand, shortfall of supply, as much as perhaps on a 50% less supply then for the demand that we’re seeing forecasted over the next 24 months. But that’s kind of our own internal analysis of settle this top markets. So we’re pretty comfortable that it’s a pretty favorable environment for us today.
Jordan Sadler
And then the second question is just on the capital side Bill you outlined the secured financing, but you have done domestically, I suppose those would represent the $250 million as secured debt capacity you mentioned in your opening commentary?
Mike Foust
That's right.
Jordan Sadler
Okay. So any other plan?
Mike Foust
Hi Jordan, one point Bill. For that $55 million financing on the facility in London, that’s a construction loan. So it won’t go out all at once, it will go out as the facility built. But for most part it should funded this year.
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