Other Assets (Tables)

12 Months Ended

Dec. 31, 2021

Other Assets [Abstract]

Schedule of Other Assets

The following table summarizes the Partnership’s other assets as of December 31, 2021 and 2020:

	December 31, 2021		December 31, 2020
Deferred financing costs, net	$	1,349,097	$	390,649
Fair value of derivative instruments (Note 18)		343,418		321,503
Taxable mortgage revenue bonds, at fair value		3,428,443		1,510,437
Taxable governmental issuer loan held in trust		1,000,000		-
Bond purchase commitments, at fair value (Note 19)		964,404		431,879
Operating lease right-of-use assets, net		1,619,714		1,648,742
Other assets		2,157,809		1,605,374
Total other assets	$	10,862,885	$	5,908,584

Summary of Taxable Governmental Issuer Loan and MRB, and Total Funding Commitment

The taxable GIL and taxable MRB are held in trust in connection with a TOB Trust financing (Note 16). The following table includes details of the taxable GIL and MRB, and the total funding commitment, that were entered into during the year ended December 31, 2021:

Property Name	Date Committed	Maturity Date	Initial Outstanding Balance		Total Commitment
Hope on Avalon	January 2021	2/1/2023 (1)	$	1,000,000	$	10,573,000
Residency at the Mayer Series A-T	October 2021	4/1/2024 (2)	$	1,000,000	$	12,500,000

(1)The borrower may elect to extend the maturity date six months upon meeting certain conditions, including payment of a non-refundable extension fee.

(2)The borrower may elect to extend the maturity date six months if stabilization has not occurred, subject to the Partnership's approval.

Summary of Taxable MRB Acquired

The following table includes details of the taxable MRB acquired during the year ended December 31, 2020:

Property Name	Date Committed	Maturity Date	Initial Outstanding Balance			Total Commitment
Ocotillo Springs - Series A-T	July 2020	8/1/2022 (1)	$	-	(2)	$	7,000,000

(1)The borrower has the option to extend the maturity up to one year.

(2)The Partnership had advanced zero and $1.0 million as of December 31, 2020 and 2021, respectively.