Other Assets (Tables)

6 Months Ended

Jun. 30, 2022

Other Assets [Abstract]

Schedule of Other Assets

The following table summarizes the Partnership's other assets as of June 30, 2022 and December 31, 2021:

	June 30, 2022		December 31, 2021
Deferred financing costs, net	$	1,093,441	$	1,349,097
Fair value of derivative instruments (Note 17)		3,983,717		343,418
Taxable mortgage revenue bonds, at fair value		11,457,256		3,428,443
Taxable governmental issuer loan held in trust		1,000,000		1,000,000
Bond purchase commitments, at fair value (Note 18)		8,953		964,404
Operating lease right-of-use assets, net		1,605,257		1,619,714
Other assets		1,826,894		2,157,809
Total other assets	$	20,975,518	$	10,862,885

Summary of Taxable MRB Acquired

The following table includes details of the taxable MRBs acquired during the six months ended June 30, 2022:

Property Name	Month Acquired	Property Location	Units	Maturity Date	Interest Rate	Initial Principal Acquired
Live 929 Apartments - Series 2022B	January 2022	Baltimore, MD	575	1/1/2029	4.30%	$	3,625,000
Residency at the Entrepreneur - Series J-T (1)	April 2022	Los Angeles, CA	200	4/1/2025	SOFR + 3.65%		1,000,000
						$	4,625,000

(1)The Partnership has committed to provide total funding for this MRB of $13.0 million (see Note 18). The borrower has the option to extend the maturity up to six months upon payment of a non-refundable extension fee. The interest rate is subject to an all-in floor of 3.92%.

Summary Of Taxable Governmental Issuer Loan Acquired

The following table includes details of the taxable GIL acquired during the six months ended June 30, 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

(1)The borrower has the option to extend the maturity up to six months upon payment of a non-refundable extension fee.