1) The document discusses trends in financing for a real estate company. It provides details on negotiated new and follow-on financings from 2009 to 2011, including loan amounts, interest rates, and maturities. 2) The majority of loan renewals occurred in 2011 when interest rates were low. No further follow-on financings are planned until 2013. 3) Current market conditions show strong competition for mortgage-backed loans but signs of difficulty in inter-bank lending. Margins vary significantly between banks.