Question-and-Answer Session
Operator
We will go to Darren Lehrich with Deutsche Bank.
Darren Lehrich - Deutsche Bank
Thanks for hosting this call. Good morning everyone. Couple of things here; I guess, at first it just sounds like you are really ramping up quite a bit on the development side. Can you talk a bit more about where you think the pipeline is today versus six or nine months ago and also just touch on with your current capital here to support in terms of the number of facilities. Obviously you’ve laid out a big number for the next two years. I just want to square that with where you are with your capital.
Steve Everett
Sure, to the first part Darren, the pipeline is -- I’m not going to say that it is robust at this point. We have added two individuals as I mentioned earlier at the beginning of the year. One of those individuals actually was with the organization some time ago and as we turned to the fall if you will and with her is actually an existing pipeline another individual -- the other individual who joined us actually comes out of the ranks from Baxter previously and actually has a pretty similar approach. Also we are very excited to have him on board. Prior to the two of them we do have a pipeline both on the de novo side, a few of which are very far long and actually also on the acquisition side of which we are in the process of negotiating. I can't get into -- obviously at this point as to how many we believe that are going to come to conclusion in this quarter or if any -- but that’s kind of where we are at. We are very satisfied, we think that the target numbers that we have established for this year as well as the next three years are realistic or we wouldn’t be putting them out there. As for the capital, as you know we have got a $15 million revolver, we are less than a half way drawn through that. We have verbal commitments from KeyBanc to extend that tomorrow if you wanted up to $30 million and well beyond as opportunities arise. We have let them know that we are going to be looking for anywhere from $50 million to $70 million in total capital infusion in order to accomplish both of the assets of the next few years. Dan and I believe that’s going to be a challenge at all and at the same time as we approach those needs, we are also planning on taking a look at some other institutions to see what we can do from a competitive perspective although we are satisfied with the rates and numbers that we have currently.
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