sponsor unit no board approval. /SPONSOR UNIT, NO BOARD APPROVAL. sponsor unit no board approval

 
 /SPONSOR UNIT, NO BOARD APPROVALsponsor unit no board approval  That pushes you over the $500,000 threshold for NYC transfer taxes, and suddenly you owe NYC 1

1 bath. There are no criteria for post-closing liquidity, no board interviews, and no hoops to go through. Condo For Sale In Manhattan, New York. . 2 bedrooms. Member since: Feb 2006. Sponsor Direct, No Board Approval. ∙ 45 Navajo Ct Unit n45, Coram, NY. Like Reply. Renovated EiK, one full bath. lots of closet space. The living area is very spacious and. View property. Bradly Barnett Keller Williams Points North /Beautiful 2nd floor unit courtyard. Pelham Parkway's legendary pre-war Bronx-Deco elevator co-operative attributed to legendary architect H. SPONSOR UNIT with NO Board Approval and only 10% down! This spacious and sun-drenched unit features a beautiful kitchen showcasing granite countertops, stainless steel appliances and modern white cabinetry, living room/dining area combination, renovated bath and plenty of closet space. . Sometime you can buy unsold shares from the sponsor and keep unit as an investment property (vs. Live-in super, full-time doorman, renovated laundry room in the building, storage room. Th Ave #36B. 5 bath is the perfect combination of views, space, natural sunlight, and luxurious finishes. 91 Van Cortland Avenue W UNIT 7E, Bronx, NY 10463 is a 950 sqft, 2 bed, 2 bath Coop listed for $380,000. Sort: Homes for You. Platinum Properties is proud to present residence 31D at 75 Wall Street. 110-38 64th Ave #36/35B, Forest Hills, NY 11375. Coat and linen closets in Foyer. A box will pop up in the lower left corner, type in keywords: “sponsor” and “no board approval”. ;SHORT TERM available- please inquire for details. Pets. 10708, Bronxville, Westchester County, NY. Details. So, that’s it: no board approval, but you have to pay the transfer taxes – sponsor units in a nutshell. Find out how to pay the transfer tax and premium, and what are the bylaws and taxes of these units. . The apartment features 3 large bedrooms, 2 full bathrooms, kitchen, foyer, dining area with an abundance of large. $895,000. must be owner occupied for a minimum of 2 years. Westview, #414. The project sponsor is responsible for many aspects of the project, from initiating and ensuring project feasibility to tracking project progress and assessing its outcomes. Sponsor Unit: Apartments that are held as an investment by the sponsor, the original developer who built the building or. Save Listing. Waiting on Contracts Beautifully renovated 2 Bedroom Sponsor unit for Sale in the Kimberly Gardens. $383,000. Morningside Heights one-bedroom, one-bath co-op, $749,000: This renovated sponsor unit at 535 West 110th St. 9. The -- sqft condo home is a 2 beds, -- baths property. See More. triple mint, move in ready, investor friendly condo. For Sale Manhattan Financial District High-Rise Condo washer dryer 75 Wall Street, New York, NY, 10005 | Studio for sale, apartment sales | Nest SeekersSPONSOR UNIT!!!! NO BOARD APPROVAL!!! FABULOUS CHANCE OF OWNERSHIP IN THE MUCH DESIRED LINDA CO-OP!!!. 99-40 63 Road #9N. 1920 95-unit coop in the heart of Park Slope -- one block west of Prospect Park and one block east of vibrant Seventh Avenue. Recently the Board claimed that it modified the proprietary lease and claimed Board Approval has always been required for subleasing and we had to agree to a time restriction the Board was now imposing. 5 baths apartment unit. Subletting a sponsor-owned apartment is much simpler. No 60 to 90 day waiting period. You get to avoid the intense scrutiny of a typical NYC co-op. Listed By. ---5 days ago realtyWW. 3 beds. Presented By: Keller Williams Rlty Landmark 718-475-2700. 425 percent on purchases of $500,000 or less), plus there’s a 0. See video for reference. 75 Wall Street, New York, NY, 10005 - Sponsor Unit No Board Approval RequiredPlatinum Properties is proud to present residence 24Q, a studio gem overlooking the historical downtown. View more property details, sales. MLS# 3466052. Valley Stream Homes for Sale $655,780. Ideally located 3 blocks from 7,E,F,M,R trains and shopping. ∙ 108-50 62nd Dr Unit 5B, Forest Hills, NY 11375 ∙ $440,000 ∙ MLS# 3475313 ∙ Sponsor unit, No Board Approval required. A buyer’s agent, or buyer’s broker, is a licensed real estate agent who represents the buyer in the home purchasing process and is compensated by the seller at closing. Learn about the benefits and drawbacks of buying a sponsor co-op with no board approval in NYC. 200 Corbin Place #2C, Manhattan Beach, NY 11235 For Sale $479000 Sponsor unit (no board approval Ocean block Manhattan Beach area Luxury bldg. newly renovated quartz kitchen and bathroom facing south. Open windowed kitchen with a separate island. ft. laundry room in building. Spacious 2 bedroom Jr 4 at the Strathmore Arms in Woodside. 765 Bronx River Road UNIT 4J. 2 bedrooms. $325,000. Established. Bathrooms and Kitchen are in original condition, but are clean and are in working order. Non- sponsor unit welcome to one sixteen, home to penthouse d. 945 s/f of elegantly arranged living space including: Entry Foyer/Gallery, Living. Sponsor unit, no board approval needed. In the past few years, I have seen a few cases of investors purchasing sponsor owned condos for investment, and claiming entitlement to all sponsor priveleges, primarily: 1) subleasing apartments without board approval 2) selling apartments without board approval In some of these cases, the uneducated boards of these buildings did try to. Sponsor units have potential problems despite the flexible financing options and ability to skip the board interview or approval procedure. The well proportioned one bedroom is set apart from the rest of the apartment. NO BOARD APPROVAL. $1,895,000. Ft. Private terrace off dining room. Residence 64 at 102 W 80th street is a sunny studio in the heart of the Upper West Side. Renovations are in process an. Sponsor Unit, No board approval needed. Sponsor Unit, No Board Approval Needed. There is NO board approval necessary! 3BR/2Bth corner unit is conveniently located in Rego Park, Queens. 2 bedrooms. This spacious three bedroom sponsor owned apartment has been newly updated and being sold to its first owner. This is a 5th floor unit. ft. 2 bedrooms. Must see two bedroom corner unit on the second floor facing South. Unless the sponsor has previously renovated the unit before offering it, if you find a sponsor apartment in a coop, you’ll probably be looking at an apartment in “classic” or estate condition. Original hardwood. Spacious 2 Br, 2Bth Apartment with a private balcony. most of the time, you become like other unit owners. Map. Sponsor Unit • Co-op; in Yorkville. A sponsor unit in NYC will look no different than a normal re-sale apartment. Spacious One Bedroom Unit at The Mayflower Coop in a lovely Doorman Building featuring lots of Closets, Beautifully Redone Hardwood Floors & Freshly Painted Throughout. Approx. For this article, we will be focusing on co-ops. 1937. SPONSOR UNIT. SPONSOR UNIT with NO Board Approval and only 10% down! This spacious and sun-drenched unit features a beautiful kitchen showcasing granite. Jersey City Homes for Sale $591,988. The living room is big enough to hold a large dining table and a sectional sofa. 89-00 170th Street #5E. map. This Junior-4, 1-bath apartment is a sponsor unit with no board approval required. BEST SINCE THIS IS A SPONSOR UNIT NO BOARD APPROVAL IS REQUIRE IN ADDITION SPONSOR PAYS TRANSFER TAXES COME AND TA A LOOK!!! NO BROKER WELCOME. NO BOARD. SPONSOR UNIT with NO Board Approval and only 10% down! This spacious and sun-drenched unit features a beautiful kitchen showcasing granite countertops, stainless steel appliances and modern white cabinetry, living. Sponsor rights vis-a-vis a building vary by building, because each building has a different offering plan, but generally these apartments will be advertised as "sponsor apartments/no board. Report. 425 percent for properties worth $500,000 or less and 2. 11225, Kings County, New York City, NY . This Lower Corner Unit Offers All Brand New Stylish Renovations. Complex allows dogs up to 20 lbs. New York City co-op buyers who want to skip the board approval process have more sponsor co-op listings to choose from these days. Details. My understanding was that both sponsor units & condos did *NOT* require the REBNY, but we put an offer on a sponsor and they asked for it. 505 Park Ave, New York, NY 10022. Sponsor Unit, No Board Approval Needed! Enjoy Living At The Meadow Apartments! Great townhouse style coop, fully renovated 1 Bedroom 1 Bath On. First floor unit offers two bedrooms, with potential for 3, lovely wood burning fire place, hardwood floors, and high ceilings. UNLIMITED FINANCING. When you enter the apartment, to right you have a brand new kitchen with lots of cabinet and counter space as well as full size stainless steel appliances and to the left you have a large double door closet. North Riverdale. Featuring original hardwood Herringbone floors, high beamed ceilings, and bright Western, Northern, and Eastern exposures, this home is sure to impress. ft. Gut renovated, extra large two bedroom is turnkey ready. Assigned spot possible at an additional cost of $ 150. This spacious two bedroom / one bath unit is currently undergoing a gut renovation and will feature new fixtures and finishes throughout. newly renovated bathroom. Coop For Sale FORECLOSURE ML# 3503851. ceilings apt. Great location, sponsor unit for sale no board approval. This Studio apartment is located on the 6th floor. That's still co-op, so O. , #21F, on the 21st floor of The Victoria in the Flatiron District has the convenience of a full-service building plus a nicely proportioned south facing corner unit with a foyer, dining area and lots of closet space. Bright and Airy Top-Floor Two Bedroom Sponsor Unit - No Board Approval. newly renovated bathroom. As Easy as buying a condo. The Copley, Prospect Heights. Best. $369,000. West New York Homes for Sale $423,448. $879,000. MLS# 3466052. , 2-Bath Co-op with Balcony, 24-hr. Sponsor Unit - Forest Hills New York Real Estate. . Sponsor Unit! No Board Approval! Amazing opportunity to purchase the last remaining sponsor apartment in this coveted Coop! High floor with light and views! Purchaser may select the Sponsor standard finishes or work with the Renovation Team to opt for upgrades. Find 114 homes for sale in New York NY with sponsor unit no board, a feature that allows you to buy a unit without board approval. $589,000. You can buy the house as long as you can show that you can afford it. This means no board application. View of the Beach from Every Room. The application process for buying a co-op in NYC is notoriously daunting and one of the main advantages of the sponsor unit is that you don’t need board approval to buy. $364,900 USD View Details. Sponsor Unit • No Board Approval Required. Perfectly-sized, south-facing, sun-filled w/ direct views onto Bronx Park in Pelham Parkway's quintessential pre-war Art Deco co-operative. Sunnyside Park Home for Sale: Very rarely you find a Real Estate opportunity where you have a Sponsor unit with NO BOARD APPROVAL, fully renovated 3 Bedrooms and 2 Full bathrooms, 3 Exposures, open floor plan with 8' 10" ceilings heights, Kitchen with Quarts countertops, SS appliances, tile backsplash, all new doors and hardware through out apt. BRING YOUR ARCHITECT and/or contractor to see this 7 Room co-op corner. . NO BOARD APPROVAL. McLean Heights Homes for Sale $516,671. Sponsor Unit…. The application process for buying a co-op in NYC is notoriously daunting and one of the main advantages of the sponsor unit is that you don’t need board. 1 Bed; 1. 224-26 kingsbury avenue b, bayside, ny. 765 Bronx River Road, Unit 4J, Bronxville, NY 10708. Condo For Sale In Forest Hills, New York. 5 bath apartment with a private outdoor terrace. The living space is highlighted by a large window that fills the unit with natural light. The pros and cons for boards. The kitchen has been beautifully redone with stylish cabinetry, complimented by a. NO BOARD APPROVAL REQUIRED!! Mint, move-in condition, freshly painted. 3 BEDROOM, 2 FULL BATHs -- 7 ROOMS -- SPONSOR UNIT NO BOARD APPROVAL. SPONSOR UNIT with NO Board Approval and only 10% down! This spacious and sun-drenched unit features a beautiful kitchen showcasing granite countertops, stainless steel appliances and modern white cabinetry, living room/dining area combination, renovated bath and plenty of closet space. You’ll miss out on the. Ludlow Park Homes for Sale $656,845. 1 Bed. 5 results. The Nest Seekers Beverly Hills office is owned by a subsidiary of Nest Seekers LLC. This will add a percentage of the purchase price to your closing costs. This one bedroom sponsor unit will be newly renovated and offers the convenience of NO BOARD APPROVAL, coupled with a monthly maintenance that INCLUDES ALL UTILITIES. Coop For Sale ML# 3481910. Apartment Features: ~ High ceilings. 3 bedrooms. Maintenance Fee $225/Month: Include Cold Water & Garbage. Salvation Lofts, #2B $1,730,000The last one-bedroom unit to sell in the building changed hands for $629,000, in December 2018, which was 1 percent below the asking price. High floor w/ SE exposures. large eat in kitchen with window. THIS IS A 2 BEDROOM/2 BATHROOM SPONSOR UNIT WITH NO BOARD APPROVAL REQUIRED, Boasting a Brand-New Fully Renovated Open Kitchen w/ All New. North Bergen Township Homes for Sale $528,324. Large recently updated unit. $3,000,000. No. 2,344 sq ft. Share Watch on New York City brokers define sponsor units as rent-controlled apartments in converted co-op or condo buildings that weren’t sold during the initial conversion. 21 Barstow Road, Unit 1J, Great Neck, NY 11021 is a property listed available for rent at $3,200. Easy board approval for qualified candidates. 10024, Upper West Side, Manhattan Community Board 7, New York County, New York City, NY. The 6,278 Square Feet unit is a 4 beds, 6. A must-see! Spacious Studio Unit- Newly Renovated lives like a 1 bedroom with (1) Deeded Garage Parking Space, and 3 Large Closets. 5 Baths. Sponsor Unit - No Board Approval. It typically takes between two to three months to close on a sponsor co-op apartment in NYC. Purchasing a sponsor unit in a coop is desirable for two key reasons: there is greater room to negotiate, and buyers. $1,100. ) on the 5th floor of the elegant and well kept – the CRESTWOOD; one of the most sought-after Cooperatives in Kew Gardens; unique apt layout design and extra space that can easily be used as a 1BR apt. Accepted Offer. Spacious bright 2 bedroom aartment over 1200 sf. No board approval. NO BOARD APPROVAL… Low Maintenance $623. BRE# 019347852244 BRONX PARK EAST APT. Enter Unit 1C…. WOW FACTOR TERRACE SPONSOR UNIT MOVE IN QUICKER —No Board Approval required for this sponsor unit beauty. Each room has a window including the kitchen, offering a pleasing sunkissed atmosphere. posted: 2023-10-05 10:20. Sponsor unit No Board Approval Required First floor 1 bedroom, 1 bathroom apartment at Rocky Hill Terrace in Bayside. You’ll miss out on the. New Floors Throughout, Renovated Large Kitchen With, Stainless Steel Appliances (Refrigerator, Microwave, Dishwasher, Gas Range Oven Included), And Granite Countertops. The Lumin, #3DSponsor unit no board approval. 240 East 55th St #9H is a sale unit in Sutton Place, Manhattan priced at $575,000. If you’re buying a New York City sponsor apartment, the big advantage is no board approval. Sponsor Sale, No Board Approval. Sponsor unit - No board approval required! Upon entering 2F, you are greeted onto a large foyer with built-in bookshelves. West81st's right, no-board-approval co-ops are indeed sponsor sales, and they often ask a premium knowing how valuable avoiding a board interview can be. New York Single Family Homes for Sale. $225,000. Rare Sponsor Unit. 10467, NY Home for Sale. For Sale Manhattan Financial District High. Well maintained large sunny L shaped studio located on a tree lined block in Mineola. $469,000. It has hardwood floors throughout, spacious living area, bathroom and kitchen. Time: 1pm - 3pm. because sponsor sales are generally exempt from board approval in a co-op. With its well-appointed interiors and convenient amenities, this property is sure to impress. View property. . Y. See examples of listings in various neighborhoods and prices, and. The median price for a two-bedroom apartment in Midtown East is $1,850,000, based on current listings on StreetEasy. Also, if you’re a real estate investor, a. 600 ft². This corner apartment has southern and eastern views from every room. The sprawling layout features a king size bedroom, living room, and separate dining area. Description. Typically, you will. Space Studio, 1 bath . Home For Rent In Brooklyn, New York. Spacious 1 bedroom apartment with private balcony. 2 Bedrooms 1 Full Bath. This large stunning studio has been tastefully redesigned, complete with new oak wood floors, brand new stainless steel Bosch and Kitchen Aid appliances, white Caesar stone counter tops, and granite floors in the kitchen. Ample parking. ft. A walk down streets along the marathon route shows creative signs, cheering crowds, and restaurants and bars with cowbells on the tables. With refinished floors throughout, this is an expansive one bedroom apartment youll be proud to call home. 111 NORTH 9 STREET #2L is a sale unit in Williamsburg, Brooklyn priced at $995,000. See floor plan and full details here. Welcome home to this two-family corner property in the heart of Morris Park. , Limited Liability Broker, 575 Madison Avenue, New York NY 10022. A 1,260-square-foot sponsor unit with three bedrooms, one and a half baths, a new kitchen, and private balcony is for sale in a circa-1965 six-story co-op building. Ocean view One-Bedroom Apartment right on Rockaway Beach Boardwalk. Sunday, September 23rd 2018. Find 114 homes for sale in New York NY with sponsor unit no board, a feature that allows you to buy a unit without board approval. Plainview 2 Bedroom Apartment Main Floor $1085. View property. In order to add a Committee Member external to UNBC to a supervisory committee, the following criteria should be met: An experienced and well qualified expert. . Large spacious bright Jr 4 corner unit . 143 Winthrop Street, Unit 3A. 11237 Homes for Sale $818,906. . sponsor unit, no board approval needed. Updated Granite Kitchen, Stainless Steel. ft. 72 Absolutely Stunning Extra Large One Bedroom Plus SEPARATE Office with French doors. Sponsor must serve a copy of the Revision on all tenants. SPONSOR unit so NO board approval. 1 bathrooms-30+ days ago Triumph Property Group. 13 views, 0 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from LUXVT Real Estate Marketing: Presented by Candice Milano 499 Park Avenue Phone: 212-381-2639 This stunning 3 bedroom, 3. live in super and laundry room in building. must be owner occupied for 2 yearsSponsor unit. 75 Wall Street, New York, NY, 10005 - Sponsor Unit No Board Approval RequiredExclusive 4 Buyer's Broker Commission Promotion ! For Sale Manhattan Financial District High-Rise Condo washer dryer 75 Wall Street, New York, NY, 10005 | 1 BR for sale, apartment sales | Nest SeekersSPONSOR UNIT, No Board Approval! Top floor newly renovated alcove studio for sale at 401 East 86th Street. Gorgeous extra large Kitchen, bright and inviting. Welcome to Alley Pond Cooperative. Located just steps away from. 425% instead of 1% of the purchase price in transfer taxes. No board approval: This keeps you from going through the dreaded board approval process. 44 - SPONSOR UNIT (No Board Approval) front-facing Bronx-Deco Junior 4 converted to 2 BED/1 BA w/ open east & south-facing views directly onto the Grand Concourse. The role can be broken into three parts: project vision, project. Hoboken Homes for Sale $795,620. close to forest Park, shopping, restaurants and public transportation. The living space is highlighted by a large window that fills the unit with natural light. Spacious 2 Br, 2Bth Apartment with a private balcony. 4 percent state transfer. So they don't need board approval for the buyer, because they created the coop docs and gave themselves and exception. Sponsor Unit…. As you enter this newly renovated, spacious apartment you immediately notice the incredible light that pours in through the wall of windows. Updated Kitchen and bathroom. Forest Hills, York, York County, SC. 4 beds. Although you won't need board approval to buy, once in you will be required to adhere to the board's bylaws in regards to things like subletting. Upon walking into the apartment you are greeted with sunny western views, and a large foyer/living area. For the potential homeowner, there is one attractive benefit to acquiring a sponsor apartment: no board approval is needed. . 2,549 sq ft (lot) 2120 Newbold Ave, Bronx, NY 10462. This home was built in 1956 and last sold on 2022-09-17 for $--. C. 171 West 79th Street, New York, NY, 10024 - SPONSOR UNIT NO Board Approval 3 bedroom pre war home which offers a classic layout for easy everyday living or entertaining. Sponsor Unit. 226-20 Kingsbury Avenue Unit B Bayside. Located close to the subway, buses, restaurants, parks and shopping. 2-A - 870 s/f 1 BED SPONSOR UNIT (No Board Approval) with unobstructed Bronx Park views from all rooms! Front-facing renovated unit w/ a modernist approach in keeping with the building's early post-war architectural flavor. NO BOARD APPROVAL! This elegant and spacious unit at desire Briar Oaks 4555 Henry Hudson Parkway offers a comfortable and enjoyable living space in a highly desirable location. Lobby level laundry room. SPONSOR UNIT! NO BOARD APPROVAL!! Private Balcony! Welcome to 1110 Stadium Avenue! This expansive 2 bedroom apartment also comes with a massive balcony. Feldman for Billig Building Corp. Platinum Properties is proud to present the newly renovated Duplex Penthouse D2 at 75 Wall Street, boasting unobstructed views overlooking the East River and Brooklyn from its very own private gallery. Alabaster, Shelby County, AL. $225,000. Well Maintained. Peter Segalla Houlihan Lawrence Inc. A/C. 75 Wall Street, New York, NY, 10005 - SPONSOR UNIT NO BOARD APPROVAL REQUIRED. No Board Approval Required. 1 bathrooms-1 day ago Homefinder. If you’re determined to go this route, try for a sponsor unit (where the owner is on the co-op board and can expedite the screening and potentially pay your fees). 525 W. Heat and hot water included in rent. SPONSOR UNIT, NO BOARD APPROVAL, AND NO FINANCING RESTRICTIONS. Live-in super. Which spans 1, 435 interior and 255 exterior square feet, offering 3 bedrooms. Sold in "As Is" Condition. Eleventh Floor Apartment in an elevator building with a doorman. Get a jump start on the amazing April 1 or earlier rental and beat the Spring rental rush!!! This amazing space features a spacious layout which gives you plenty of options to setup your apartment! The large living room and spacious bedroom are completely. No Board Approval!!! Open, spacious corner sponsor unit with a separate. 4,000 sq ft (lot) 69-11 223rd St, Bayside, NY 11364. SPONSOR SALE. updated and well maintained. Typically, the sponsor (or developer), of a co-op building, will have many exclusive rights when it comes to an apartment that it still owns, including but not limited to not requiring board approval to rent the apartment. 54 SPONSOR UNIT - NO BOARD APPROVAL! 280 West 12th #1E is a stunning and spacious 1 bedroom duplex apartment located in the heart of West Village. CONTRACT OUT! 3201 GRAND CONCOURSE #6-E SPONSOR UNIT (No Board Approval) 1,068 s/f top-floor, west-facing 1 BED/1 BA (conv. 18-70 211 Street Unit 2A Bayside. SPONSOR UNIT. Not sure what that entails or if there is no approval etc. 3 bathrooms. Facing 108 St. 13 Alley Pond Owners Corporation Homes for Sale. The kitchen has been beautifully redone with stylish. 10128, New York County, New York City, NY . Third party sponsors. Map. (OneKey® MLS as Distributed by MLS Grid) Sold: 2 beds, 1 bath condo located at 84-70 129 St Unit 3B, Kew Gardens, NY 11415 sold for $357,000 on Oct 10, 2023. The Pros of Buying a Sponsor Unit in a Coop. Lincoln Park Homes for Sale $706,847. Large 2 Bdrm Corner Unit, 925 sf With Multiple Exposures. Custom Designer Renovation. This is a 2-bed, 1-bath, 1,050 sqft property. Be the first to know when properties in this area and price range hit the market. This is to ensure they are financially sound and would make good neighbors. View property. See examples of listings in various neighborhoods and prices, and compare them with other co-op options. It’s also a sponsor unit in the co-op building, meaning no board approval required! 130 Hicks St. SPONSOR UNIT! NO BOARD APPROVAL!! GUT RENOVATED APARTMENT! Welcome to 1110 Stadium Avenue! This expansive 2 bedroom apartment comes as a flex 3 bedroom. However, no co op board approval coops are more commonly found via unsold shares of an existing coop building. )New York Homes for Sale $733,006. For sale. Outdoor. 2. This spacious one bedroom is priced to sell. Short walk to train station, schools and shopping. newly renovated bathroom. 209-25 18 Avenue Unit 2J Bayside. private. The prewar apartment, with solid oak floors and 9-foot ceilings, is listed for $1,425,000, which is a fair. sponsor unit, no board approval.