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Debt Financing - Summary of TOB Trust Financings (Details) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Debt Instrument [Line Items]      
Debt financing $ 931,329,342   $ 820,078,714
TOB Trust [Member]      
Debt Instrument [Line Items]      
Debt financing 69,990,000 $ 27,735,000 [1]  
TOB Trust [Member] | Live 929 Series 2022A & 2022B MRBs [Member]      
Debt Instrument [Line Items]      
Debt financing $ 55,990,000    
Stated Maturities 2024-02    
Reset Frequency Weekly    
Variable Rate Index OBFR    
Facility Fees 1.15%    
TOB Trust [Member] | TOB Trust 2021-XF2926 [Member]      
Debt Instrument [Line Items]      
Debt financing [1],[2]   $ 16,190,000  
Stated Maturities [2]   2024-01  
Reset Frequency [2]   Weekly  
Variable Rate Index [2]   OBFR  
Facility Fees [2]   0.89%  
TOB Trust [Member] | Hope on Avalon [Member]      
Debt Instrument [Line Items]      
Debt financing [1]   $ 5,064,000  
Stated Maturities   2023-02  
Reset Frequency   Weekly  
Variable Rate Index   SIFMA  
Facility Fees   1.42%  
TOB Trust [Member] | Hope on Broadway [Member]      
Debt Instrument [Line Items]      
Debt financing [1]   $ 2,953,000  
Stated Maturities   2023-02  
Reset Frequency   Weekly  
Variable Rate Index   SIFMA  
Facility Fees   1.42%  
TOB Trust [Member] | Jackson Manor Apartments [member]      
Debt Instrument [Line Items]      
Debt financing [1]   $ 3,528,000  
Stated Maturities   2023-04  
Reset Frequency   Weekly  
Variable Rate Index   SIFMA  
Facility Fees   1.27%  
TOB Trust [Member] | Residency at the Entrepreneur MRBs and Taxable MRB [ Member ]      
Debt Instrument [Line Items]      
Debt financing $ 14,000,000    
Stated Maturities 2025-04    
Reset Frequency Weekly    
Variable Rate Index OBFR    
Facility Fees 1.18%    
TOB Trust [Member] | Mizuho Capital Markets [Member]      
Debt Instrument [Line Items]      
Stated Maturities 2023-07    
[1] Amounts shown are the initial funding into the respective TOB trusts. The balances will increase based upon subsequent fundings of the related securitized assets and the current outstanding balances are contained in the summarized debt financing table above.
[2] The TOB trust is securitized by the Legacy Commons at Signal Hills GIL and property loan, Hilltop at Signal Hills GIL and property loan, Oasis at Twin Lakes property loan and Hope on Avalon taxable GIL.

In June 2021, the Partnership extended the maturity date of the Morgan Stanley Term TOB financing from May 2022 to May 2024 and the interest rate was reduced to 1.98% from 3.53%.