Marimark Mortgage Will Help You Find The Best Mortgage For You! 

(L.-r.) Matt, Mary & Nick Catchur of Marimark Mortgage, located in the Tampa Palms Professional Center, can help you find the best mortgage to suit your needs. (Photos by Charmaine George) 

When John Grime started thinking about buying an investment property in 2021, he needed a plan. 

He called his “go-to” mortgage broker, Mary Catchur of Marimark Mortgage in the Tampa Palms Professional Center, just off the Bruce B. Downs (BBD) Blvd. exit of I-75. John says he’s built years of trust with Mary, as she’s helped him and his wife obtain financing to purchase a home, then refinance it when rates dropped. He knew if he ever bought an investment property, he would count on Marimark Mortgage to provide the financing to make that transaction happen. 

“Mary broke everything down and laid out a good roadmap for me of what the lender would ask for and what I would need,” he says. “Now, here I am, closing on a place.” 

He says that type of honest, straightforward advice is the reason he always counts on Marimark Mortgage and highly recommends Mary. 

“She’s detailed and she’s immediate with information,” John says. “Whether it’s a phone call, a text or an email, Mary constantly communicates.” 

Mary says that’s a hallmark of her business, which she opened in 2006. When she first dipped her toes in the mortgage side of the business, while working for another company, she quickly realized the typical way of selling mortgages wasn’t going to work for her. 

“A lot of people who sell mortgages are sales people,” she says. “They want to sell the rate or sell the payment, but I take a different approach. I’m an educator and a financial person, so I first listen to understand, then figure out what make sense for that person, and then, I explain why.” 

Her financial background comes from both the education and work experiences she had before moving into the mortgage industry. 

Mary received both a Bachelor of Science (B.S.) degree in Accounting and a Bachelor of Arts (B.A.) degree in French from the  University of South Florida (USF) in Tampa. She holds Florida licenses as a mortgage broker, as a CPA (Certified Public Accountant) and as a real estate Broker. 

She worked as an auditor for “Big Four” public accounting firm KPMG for 13 years, then served as the chief financial officer (CFO) for a real estate company. 

Marimark has recently expanded, as Mary’s sons, Matt and Nick Catchur, have both joined the firm. 

Matt graduated from USF in 2024 with a B.S. degree in Finance. Mary says Matt’s education benefits their clients. 

“Similar to my CPA background,” she says, “the more you know about finance, the better you can understand the products you offer. We can better evaluate our customers and find the best product for them.” 

She explains that a salesperson who doesn’t have the background that Marimark Mortgage has will leave it up to the underwriter to determine if a buyer is qualified for a loan. Mary says this can cause frustration for a buyer who has been pre-qualified by someone who doesn’t fully understand the buyer’s financial situation or the nuances of the mortgage product they are selling. 

Meanwhile, Mary’s son Nick is a fellow real estate Broker who also works at Marimark in loan origination. As a team, this trio can offer multiple services that are helpful to buyers, and bring a greater understanding to the home-buying process. 

Mary says that beyond their commitment to excellent communication and education, another important skill is to know what they don’t know. 

“There’s so much to know and to keep up on,” Mary says. “The rules and guidelines are constantly changing, and there are so many different products out there. There are a lot of moving parts and everyone’s scenario and source of income is so different, so every person you work with is completely new.” 

For example, she says, income earned by a truck driver is completely different from that earned by a nurse, which is completely different from that of a business executive. 

“Our business background helps us understand how all these people get paid,” she says. “We have to constantly think outside the box, be creative and understand the scenario to put them with the right product.” 

While many buyers are looking for a fixed-rate mortgage, Mary says there are many different options. 

For example, Federal Housing Administration (FHA) loans offer low down payments and Veterans Administration (VA) loans allow U.S. military veterans to buy a home with no money down. 

Mary also says that those who are self-employed may want to consider a bank-statement loan, where account deposits determine income, rather than pay stubs. 

For investment properties, a debt-service coverage ratio loan doesn’t require a borrower to have a specific income, but instead considers how much money is going to come in from the investment property and whether or not it will cover the principal, interest, taxes, insurance and Homeowners Association fees. 

Marimark also offers reverse mortgages, which allow borrowers over the age of 62 whose home is worth more than what is owed on it to eliminate mortgage payments altogether. 

Mary says Marimark often helps homeowners who want to refinance and get cash out for debt consolidation, renovations or other purposes. Right now, though, many who refinanced their homes when rates were low don’t want to give up that low mortgage rate. In that case, homeowners can add a second loan or home equity line of credit, which Mary says is popular among those who want to use the equity in their homes without having to refinance. 

She also says it’s a misconception that working with her will cost a buyer more than not working with a mortgage broker. 

“Sometimes your bank will have a good product for you, but sometimes they’re not your best option because they only have their own products,” Mary explains. “Your situation might be a little different and you might need a different product. I have several lenders I can go to and search for a product that meets your needs. But, if your bank’s products don’t fit you, they can’t help you.” 

She says she talks with people every day who have special circumstances and that the more she learns about them, the more helpful it is to be able to work with a variety of different lenders. 

“We definitely have more options than a bank can offer,” she says. “There aren’t any extra fees, and you have the advantage of the many more products that we can offer you.” 

Marimark Mortgage’s office is located at 5327 Primrose Lake Cir. in the Tampa Palms Professional Center. For more information, visit MarimarkMortgage.com or call (813) 910- 8020.

Why Do We Offer Contests? Check Out These Happy Neighborhood News Readers! 

When I first bought the Neighborhood News back in Feb. 1994, I knew I wanted to get people not only reading what we put into print, but also engaging with our content. 

One of the ways I decided to make that happen was to put contests in these pages. We started with things like labor-intensive, Gary-created crossword puzzles and Fantasy Baseball and Football contests, trivia contests (which have now been rendered obsolete with the advent of Google) and our most popular annual contest, our Reader Dining Survey & Contest, which is still going strong some 30 years since I started it. 

Over the years, I’ve added other contests, such as our “Big Game Squares,” “March Madness” and “Oscars” contests, but the timing from when either the Academy Awards nominations are announced or the teams are set for the sports contests hasn’t always worked with our every-four-week deadlines. 

This year, however, we were able to make both the “Squares” and “Oscars” (the latter with the delay in the announcement of the nominees and the televised broadcast both delayed by the California wildfires) contests work with online-only entries. 

While only about 100 people total entered this year’s “Big Game” and “Oscars” contests, that doesn’t mean that folks like (l.-r. above) Eddie Mancuso of Highwoods Preserve, who won the Grand Prize of $200 (he chose Stonewood Grill & Tavern); Lianne Kowiak of Arbor Green (with me), who won $100 (and picked Ulele); and Wharton High alum and West Meadows resident MaeLee Rich — who has been entering our contests since her teens and who won one of the two $50 prizes (to Hungry Crab Juicy Seafood) in the Squares contest — weren’t thrilled to win those Squares prizes. The fourth Squares winner, Allison Smith of Pebble Creek, hasn’t yet received her $50 gift card to Grillsmith. 

We also have three winners in our “Oscars” contests. Our Grand Prize winner — one of only two contestants to correctly pick the winners in six of the seven major Academy Awards categories, chosen at random, was Meadow Pointe resident Dawn Kidle, who wins a $200 gift card to B&B Theatres at The Grove. The other tied contestant was John Bailey of Palatine, IL, who not only doesn’t live here — he says he searched “Oscars Contests” online and entered all of them! — Illinois doesn’t even have a B&B Theatre, so I mailed him a $60 gift card to AMC Theaters. There were four contestants who correctly picked five of the seven categories and that winner, drawn at random to receive the $60 B&B gift card I bought for John, is Gail Bialk of Watergrass. I just gave Dawn her prize (4th photo above) and I plan to give Gail hers soon! 

We also now also have 25 local residents who have told us they want to be judges in our contest to pick the Wesley Chapel area’s favorite chicken restaurant. I’m still working out the details of how that contest will work, but I think we now have enough potential judges to make it happen! Look for details in our next issue (hopefully)! 

So, why do we still have contests, with prizes we almost always pay for ourselves (we occasionally have had a restaurant agree to donate prizes, but that’s pretty rare)? Since most of us will never win the Lottery or hit it big in Vegas, it’s nice to have much better odds of winning one of our contest prizes — and my pleasure to provide them. Congrats, winners! 

Business Briefs – Whole Foods & Aldi Updates, Joann’s Is Closing & Nothing Bundt Cakes Opens! 

The updated site plan submitted to Pasco County for a five-building commercial plaza in the Meadow Pointe area of Wesley Chapel that is expected to include a Whole Foods market. (Source: Pasco County)

In mid-February, updated plans were submitted to Pasco County for a high-end retail center on the long-vacant land north of Aronwood Blvd. and east of Bruce B. Downs (BBD) Blvd. in Wesley Chapel that previously was announced as having both a Whole Foods grocery store and a Life Time Fitness center. Those original plans, filed in March of 2024, were withdrawn two days later. 

The new plans — submitted by privately held commercial developer SJC Ventures — do not mention any of the proposed tenants, but they look similar enough to the former site plan that did include Whole Foods and Life Time for some local news media to assume that those major tenants are likely still part of the new five-building (totalling 160,468 sq. ft.) plans (see site plan, above). 

The new plan calls for “Major Tenant A,” believed to be Whole Foods, occupying a 35,518-sq.-ft. building, with “Major Tenant B,” believed to be Life Time Fitness, in the site’s easternmost 84,500-sq.-ft. building. Other buildings included in the new site plan are a 10,416-sq. ft. “Shops” building adjacent to Major Tenant A, and two additional “Shops” buildings of 16,017 and 14,017 sq. ft. at the southwest corner of the site. 

If ultimately approved by Pasco, which is expected, the new plaza likely won’t be ready to open until 2027. 

Also in mid-February, a judge approved the second declared Chapter 11 bankruptcy by Joann Fabrics & Crafts that will allow the retailer to close 500 of its 800 U.S. stores. 

Among the locations already holding a “Going Out of Business” sale is the Joann’s located at 6234 Commerce Palms Blvd., in the Market Square at Tampa Palms plaza (photo left). 

“Right-sizing our store footprint is a critical part of our efforts to ensure the best path forward for Joann,” the company said in a prepared news release on Feb. 14. “We anticipate the store closures to occur over the next few months, although some stores may close within a shorter or longer time period.” We had not heard at our press time when the Tampa Palms Joann’s will actually close. 

For more information, call (813) 910-8996 or visit Joann.com. 

We reported a couple of issues ago that the Winn-Dixie supermarket located at 6425 County Line Rd. had closed and was being converted to an Aldi market, since Aldi had purchased all of the remaining links in the Winn-Dixie chain. 

However, Aldi sold 170 of its Winn-Dixie stores to a private consortium of investors in Feb. However, we now have it on good authority from another tenant in the same plaza that Aldi has, in fact, signed a long-term lease for the former New Tampa Winn-Dixie. 

We did not know at our press time, however, when the conversion will be completed or when the third Aldi in the New Tampa/Wesley Chapel area is expected to open. 

If your sweet tooth has been acting up, local residents can now get their fix of Nothing Bundt Cakes, which opened in mid-February in the City Plaza at Tampa Palms shopping center at 16047 Tampa Palms Blvd. W (right photo). 

The new store — the second in our distribution areas (the other is in the Shops at Wiregrass mall) — features the same delicious bundt cakes in a variety of sizes and flavors (with that delectable icing) as the chain’s 600+ other stores in the U.S. and Canada. 

Founded in Las Vegas in 1997 by Dena Tripp and Debbie Shwetz, Nothing Bundt Cakes has been named the #1 Favorite Brand in America, according to Nation’s Restaurant News. 

I got to sample the new Reese’s Chocolate Peanut Butter flavor on my first visit to the new bakery. I’ll definitely be visiting again soon! 

For more info, call (813) 344-5959 or visit NothingBundtCakes.com.— GN

Introducing (Again?): The City Of Wesley Chapel?!? 

Local Business Community Begins Investigating The Possibility Of Incorporation; Feasibility & Boundaries Will Be Determined By Studies 

The last time we posted a map of Wesley Chapel on our front cover, back in Oct. of 2023, it was pretty obvious that a lot of people didn’t know what the boundaries of the fastest-growing community in the state of Florida actually were. 

And, even though a small group of local business leaders is now talking about incorporating Wesley Chapel as its own municipality again, where to draw the boundaries of the proposed new city is still a work in progress. 

What is clear, however, at least according to Jamie Hess (at right in photo), the owner of the Computer Emergency Room locations on Bruce B. Downs (BBD) Blvd. in Wesley Chapel and on County Line Rd. in Lutz, is that the time for Wesley Chapel to become a city is now. 

“We already have almost everything we need here, other than maybe a true city center and a post office,” Hess told me during an exclusive interview at the North Tampa Bay Chamber (NTBC) office, along with NTBC president and chief executive officer Hope Kennedy (left in photo). Hess has been an NTBC Board member for several years and he and his fellow Board members gave Kennedy the O.K. to at least look into what an incorporated Wesley Chapel would look like, and what areas it would include. For right now, the group is using the zip codes currently called “Wesley Chapel” — 33543, 33544 and 33545 — as the boundaries, but Hess and Kennedy acknowledge that “fixing” those boundaries is a long way off. 

With her Board’s directive in place, Kennedy already has a proposal from a company in Texas to conduct two studies that she says would both have to have favorable results before the subject of incorporation can gather any real momentum. 

But speaking of momentum, Hess said that the catalyst for the NTBC Board to begin seriously considering the possibility began with a seemingly innocent comment made at an NTBC Coffee event in Oct. of 2024, where District 20 State Senator Danny Burgess, himself at one time the youngest-ever Mayor of Zephyrhills, said that the one goal he had before he retired from government service was, “For Wesley Chapel to become its own city.” 

That got the wheels turning for Hess, who was sitting in the front row (with yours truly) that day. “I kept asking myself, ‘Why not? Why can’t we?,’” Hess told me. “Wesley Chapel is basically a cash machine for Pasco County, so it would be great for us to keep our tax dollars right here.” Kennedy added, “Right after that meeting, our Board came together and said to me, ‘Make it happen.’” 

Right before sitting down with me, the following Op-Ed piece by Hess appeared in the Tampa Bay Business Journal on March 7: 

The Time is Now: Why Wesley Chapel Must Take Control Of Its Future 

Wesley Chapel is no longer just a suburb — it’s a thriving economic powerhouse. Yet, despite our rapid growth, we remain unincorporated, with no direct control over how our tax dollars are spent. We generate millions in revenue, yet much of it is allocated to projects outside our community. It’s time to consider incorporation to ensure our tax dollars are reinvested where they belong — right here in Wesley Chapel. 

Once a rural town, Wesley Chapel has evolved into one of Florida’s fastest-growing areas. We have top-tier healthcare, strong schools, and a booming business community, yet we lack a local government to advocate for our needs. 

Currently, all decisions affecting our growth — zoning, infrastructure, business regulations — are made at the county level. Incorporation would allow us to shape policies that align with our community’s unique needs and priorities. Incorporation would allow us to establish a true city center — a place where businesses thrive, government services are easily accessible, and residents can engage with their local leaders. A true city center would create a hub for commerce, government services, and civic engagement. A dedicated city hall would bring the government closer to the people, offering a place for public meetings, business licensing, municipal planning, and other vital functions. A local post office would provide more convenient service, rather than relying on locations serving multiple communities. Wesley Chapel is large enough to sustain these services, it’s time we took ownership of them. 

For businesses, incorporation means stability and efficiency. Permitting, zoning, and economic incentives would be handled locally, reducing delays and creating a business-friendly environment. With direct control over tax revenue, we could fund infrastructure improvements, support local businesses, and attract new industries. Instead of waiting for county-wide initiatives, we could take immediate action to enhance our economic future. 

Traffic congestion on S.R. 54 and I-75 is a growing issue, yet local infrastructure projects often take a backseat to county-wide priorities. As an incorporated city, we could direct funding toward much-needed road improvements and explore expanded transit options. Public safety is another pressing concern. Wesley Chapel relies on county services spread thin across a vast area. Incorporation would allow us to create a dedicated police and fire department, ensuring faster response times and better community-focused safety measures. 

Before moving forward, we need a comprehensive economic impact study to assess the feasibility of incorporation. This study will provide critical data on how incorporation would affect residents, businesses, and public services. With clear financial insights, we can make informed decisions about our community’s future. 

Wesley Chapel has outgrown its unincorporated status. Our businesses and residents deserve a government that prioritizes local needs, reinvests tax dollars into our own infrastructure, and fosters economic growth. The time has come to take control of our destiny and build a Wesley Chapel that works for us. 

The future is ours—let’s take the next step. — Reprinted from the Tampa Bay Business Journal 

Hess and Kennedy assured me that the process currently being undertaken has been a “very thoughtful one,” according to Kennedy. “It’s going to be very much data-driven.” 

“We’re starting by raising money for an economic impact study,” Hess added. “That’s the first step.” 

At our press time, the NTBC Board had not yet ratified the decision to officially retain a neutral third party — Austin, TX-based Angelou Economics — to conduct the economic impact study, at a cost of $75,000. But, Hess was confident that the Board would approve Kennedy’s recommendation at the Board meeting on Mar. 11. 

“My initial conversation with [Angelou] was so extraordinary,” Kennedy said. “They said, ‘This situation (the possibility of incorporating Wesley Chapel) is incredible.” 

If and when that economic impact study comes back with a positive result, as Hess and Kennedy expect, another $75,000 would be needed to fund a second study — an actual incorporation feasibility study — that also would be conducted by Angelou. 

“Right now, we only need $75,000,” Hess said. “If the economic impact study doesn’t come back favorable, we’re probably not going to need that other $75,000. There would be no need to raise money for a feasibility study. But, we’re confident that both studies are going to end up giving us the green light to move forward.” 

Kennedy added, “We’re actually planning to try to raise a total of $200,000, because we estimate that we’re also going to need about $50,000 for community engagement and marketing. But, we believe that doing it incrementally is a good idea. Angelou isn’t going to require us to pay for the second study until the first one comes back positive. This way, we won’t be on the hook for the whole $200,000. Yes, we are currently raising capital, but we haven’t made an official ‘ask’ yet and we’re not ready to announce any major donors at this time.” 

Hess added, however, “That a lot of people have already told us they want to help, but until enough people actually write a check, we’ll still be in fund-raising mode.” He noted that even small amounts contributing to the fund-raising campaign, as a couple of local business owners have offered, “will definitely be accepted.” 

Hess and Kennedy said they are thankful to former Florida House Speaker (and Wesley Chapel resident) Will Weatherford, who got legislation passed before he left the house in 2014 that said a community wanting to incorporate did not need to get permission from the county in which it is located. “It will be a referendum for those impacted,” Kennedy said, “and we believe that 50% + 1 vote of the registered voters who show up to the polls for the referendum from the area proposing incorporation will have to vote in favor of it for it to pass.” 

Kennedy also acknowledged that this is not the first time incorporating Wesley Chapel has been considered. “But, the last time, around 2016 or so, a group of Wesley Chapel residents came to the Chamber and said, ‘We want to incorporate,’ which gave us quite a lift, but it fell apart for two main reasons — arguing over what the boundaries should be and the lack of involvement from the business community.” 

Of course, there are dozens more large-scale businesses located within what could become the City of Wesley Chapel now than there were ten (or even five) years ago, and. Kennedy said, “Because we’re starting with the business community and the studies, we feel confident there will be more momentum for it this time around.” 

She also noted, however, that the Chamber has its own 501(c)(3) foundation that the funds for the studies could flow through, “because it’s in our Foundation bylaws that we can use Foundation funds for ‘Studies of Community Impact.’ So, any donations to this cause would be tax deductible because you’d be funding a study.” 

“Senator Danny Burgess (photo left, with Kennedy) essentially lit this idea on fire,” Kennedy said of the Oct. 2024 Chamber Coffee event. “Our Board came back to me after that meeting and said, ‘Go ahead. Make it happen.’ And, I’ve been working on this ever since.” 

One of the first things Kennedy and Hess had to look into was law enforcement. 

“We approached (Pasco) Sheriff Chris Nocco’s office about establishing a police presence in Wesley Chapel,” Kennedy said. “They have told us that, ‘[PCSO’s] official position is that we will support whatever the citizens of Wesley Chapel decide for their future.” 

That could mean hiring additional Pasco Sheriff’s deputies just for Wesley Chapel or establishing a municipal police force (as in the cities of Dade City and Zephyrhills). Either way, police protection would be paid by the residents of the new City of Wesley Chapel. 

“The only thing we have out here in terms of services that’s doing O.K. is fire,” Hess added. “The fire [and emergency medical] services are pretty good, but police is way behind. Plus, we can’t seem to get a post office and we have no municipal buildings of any kind.” 

So, the fund raising is beginning in earnest now and Hess is quick to point out that the group is not looking for one or two sweetheart donors to fund the whole $75,000 starting cost. 

“We’re looking for local business people and residents who want to donate anything from a few hundred to a few thousand dollars to get the ball rolling,” he said. “We don’t want anyone thinking that because they funded most or all of it, that they have control over how we proceed.” 

Kennedy also has made an initial inquiry with Pasco supervisor of elections Brian Corley, who said he would have to look into how it would work to set up an initial municipal election and how potential voters would be notified. 

“Brian said, I’ve never done this before, so I will have to get back to you. But this is exciting!” 

Thankfully, Hess noted, “There are a lot of examples over the last 10 years or so of communities in Florida incorporating, so at least we have some examples to study.” 

The most recent such example is Westlake, which became the 411th municipality in Florida on June 22, 2016. Of course, the master-planned unit development known as Westlake only had about 900 residents when it incorporated (it’s up to about 6,000 today), vs. anywhere from about 60,000 to more than 100,000 residents of what would be the City of Wesley Chapel, depending upon whose population estimates you use and where the boundaries would be set. 

“As far as places our size in Florida, there’s only a handful that aren’t incorporated,” Hess said. “We would definitely be a city, because of the size, not an incorporated town or village.” 

Kennedy and Hess also discussed the type of municipal government that might be set up in the City of Wesley Chapel. 

The current cities in Pasco County — Dade City, Zephyrhills, San Antonio, New Port Richey and Port Richey (St. Leo is an incorporated town)— are all run by City Councils, with mayors selected from the Council members. 

But, Kennedy said that because Wesley Chapel is so much bigger, the government could be set up as a strong mayoral form of government, with City Council members representing the districts in which they live. “All of that needs to be figured out in the future,” she said. 

They both said that if the studies come back favorable, the goal is to get the proposed city charter written in time for consideration by the 2026 State Legislative session. If approved, the governor could then select a charter mayor, and there could be municipal elections sometime during the following election cycle. As for who might be interested in serving as (or running for) the Mayor of Wesley Chapel, neither of them wanted to speculate. “It’s just so early in the process,” Hess said. 

As mentioned above, for now, the “working” boundaries for the proposed city are the three Wesley Chapel zip codes (33543, 33544 & 33545 on the map), but that could change. 

As we reported in Oct. 2023, Kennedy would prefer to use the Census Designated Places (CDP) map, which uses natural boundaries for CDP boundaries, which would move the boundary of Wesley Chapel well west of I-75, to Cypress Creek. This would allow Wesley Chapel to also include the Tampa Premium Outlets, but using the CDP map also would mean that places like Watergrass, the northern half of Epperson and other parts of the so-called “Connected City” would not be included in the city limits. 

No matter which boundaries end up being used, the City of Wesley Chapel would include all three local hospitals, plus Pasco Fire Rescue Station Nos. 13 (on Old Pasco Rd.) and 26 (in Meadow Pointe) and could include No. 38 in Watergrass. 

Hess said that until the economic impact study comes back, there’s no reason to try to set the boundaries. 

“The main thing for me,” he said, “is that if our taxes would have to go up significantly to make this happen, I couldn’t support it.” 

For more info about the City of Wesley Chapel, email Jamie Hess at jamie.hess@computeremergencyroom.com. 

Hooters To Begin Building This Summer

Are you ready for even more chicken? 

The new Hooters, which is expected to begin building next to the Wesley Chapel Harley-Davidson dealership at 25245 Wesley Chapel Blvd. later this summer, has had a sign (above) visible for several months now, since shortly after HMC Hospitality Group signed its lease with the Harley dealership for property adjacent to the retail motorcycle shop. 

HMC, whose LinkedIn.com page says it is owned by, “the founders of the world famous Original Hooters, a renowned name in the hospitality industry, with our presence in Tampa Bay, Chicago and Las Vegas.” It is not the same company that reportedly is getting ready to declare bankruptcy and shutter some Hooters locations. That company, Hooters of America, LLC, is not involved in the Wesley Chapel Hooters plans. 

And, although OriginalHooters.com says the Lutz/Wesley Chapel location is “Coming Summer 2025,” that is actually the expected start date for the restaurant to begin building, at least according to a spokesperson who asked to not be identified at the Harley dealership. 

In other words, the new Hooters probably can’t open much before the end of 2025. — GN