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Commitments and Contingencies - Summary of Partnership's Total and Remaining Commitments (Details)
3 Months Ended
Mar. 31, 2023
USD ($)
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 589,021,273
Remaining Commitment as of March 31, 2023 $ 394,325,691
The Residency at Empire [Member] | Series BB-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Maturity Date 2029-12
Interest Rate 6.00%
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 152,500,000
Remaining Commitment as of March 31, 2023 $ 138,820,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Mayer [Member] | Series A T Mortgage [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-10
Maturity Date 2024-04 [1]
Total Initial Commitment $ 12,500,000
Remaining Commitment as of March 31, 2023 $ 10,500,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Mayer [Member] | Series A T Mortgage [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.70% [2]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2040-03
Interest Rate 6.00% [2]
Total Initial Commitment $ 26,080,000
Remaining Commitment as of March 31, 2023 $ 21,180,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-4 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2040-03
Total Initial Commitment $ 16,420,000
Remaining Commitment as of March 31, 2023 $ 16,420,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-4 [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.60% [2],[3]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-5 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-02
Maturity Date 2025-04 [1]
Total Initial Commitment $ 5,000,000
Remaining Commitment as of March 31, 2023 $ 4,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-5 [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.60% [2]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2025-04 [1]
Total Initial Commitment $ 8,000,000
Remaining Commitment as of March 31, 2023 $ 7,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-T [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.65% [2]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at Empire [Member] | Series BB-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2040-12
Interest Rate 6.45% [2],[4]
Total Initial Commitment $ 14,000,000
Remaining Commitment as of March 31, 2023 $ 13,945,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at Empire [Member] | Series BB-4 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2040-12
Interest Rate 6.45% [2],[5]
Total Initial Commitment $ 47,000,000
Remaining Commitment as of March 31, 2023 $ 47,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at Empire [Member] | Series BB-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2025-12 [1]
Interest Rate 7.45% [2]
Total Initial Commitment $ 9,404,500
Remaining Commitment as of March 31, 2023 $ 8,404,500
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | Meadow Valley [Member] | Series A [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-12
Maturity Date 2029-12
Interest Rate 6.25% [2]
Total Initial Commitment $ 44,000,000
Remaining Commitment as of March 31, 2023 36,275,000
Taxable Mortgage Revenue Bonds [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 29,904,500
Remaining Commitment as of March 31, 2023 25,904,500
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 157,057,835
Remaining Commitment as of March 31, 2023 $ 87,495,720
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Hope on Avalon [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-01
Maturity Date 2023-08
Total Initial Commitment $ 10,573,000
Remaining Commitment as of March 31, 2023 $ 2,573,000
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Hope on Avalon [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.55% [2]
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Osprey Village [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-07
Maturity Date 2024-08 [1]
Total Initial Commitment $ 60,000,000
Remaining Commitment as of March 31, 2023 $ 12,375,185
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Osprey Village [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [2]
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove I [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 35,688,328
Remaining Commitment as of March 31, 2023 $ 26,842,328
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove II [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 22,250,000
Remaining Commitment as of March 31, 2023 $ 17,708,700
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove III [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 39,119,507
Remaining Commitment as of March 31, 2023 30,569,507
Taxable Governmental Issuer Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 67,152,465
Remaining Commitment as of March 31, 2023 $ 56,152,465
Taxable Governmental Issuer Loans [Member] | Poppy Grove I [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 21,157,672
Remaining Commitment as of March 31, 2023 $ 20,157,672
Taxable Governmental Issuer Loans [Member] | Poppy Grove II [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 10,941,300
Remaining Commitment as of March 31, 2023 $ 9,941,300
Taxable Governmental Issuer Loans [Member] | Poppy Grove III [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 24,480,493
Remaining Commitment as of March 31, 2023 23,480,493
Property Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 127,987,419
Remaining Commitment as of March 31, 2023 $ 49,114,293
Property Loans [Member] | Hilltop at Signal Hills [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-01
Maturity Date 2023-08 [1]
Total Initial Commitment $ 21,197,939
Remaining Commitment as of March 31, 2023 $ 739,802
Property Loans [Member] | Hilltop at Signal Hills [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [2]
Property Loans [Member] | Legacy Commons at Signal Hills [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-01
Maturity Date 2024-02 [1]
Total Initial Commitment $ 32,233,972
Remaining Commitment as of March 31, 2023 $ 1,517,067
Property Loans [Member] | Legacy Commons at Signal Hills [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [2]
Property Loans [Member] | Osprey Village [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-07
Maturity Date 2024-08 [1]
Total Initial Commitment $ 25,500,000
Remaining Commitment as of March 31, 2023 $ 24,500,000
Property Loans [Member] | Osprey Village [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [2]
Property Loans [Member] | Willow Place Apartments [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-09
Maturity Date 2024-10 [1]
Total Initial Commitment $ 21,351,328
Remaining Commitment as of March 31, 2023 $ 18,671,901
Property Loans [Member] | Willow Place Apartments [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.30% [2]
Property Loans [Member] | Oasis at Twin Lakes [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2020-07
Maturity Date 2023-08 [1]
Total Initial Commitment $ 27,704,180
Remaining Commitment as of March 31, 2023 $ 3,685,523
Property Loans [Member] | Oasis at Twin Lakes [Member] | LIBOR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 2.50% [2]
Joint Venture Investments [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 50,519,054
Remaining Commitment as of March 31, 2023 $ 32,938,713
Joint Venture Investments [Member] | Vantage at San Marcos [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2020-11 [6],[7]
Total Initial Commitment $ 9,914,529 [6],[7]
Remaining Commitment as of March 31, 2023 $ 8,943,914 [6],[7]
Joint Venture Investments [Member] | Freestone Greeley [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-10 [6]
Total Initial Commitment $ 16,035,710 [6]
Remaining Commitment as of March 31, 2023 $ 11,325,008 [6]
Joint Venture Investments [Member] | Freestone Cresta Bella [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-11
Total Initial Commitment $ 16,405,514
Remaining Commitment as of March 31, 2023 $ 8,691,996
Joint Venture Investments [Member] | Valage Senior Living Carson Valley [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-02
Total Initial Commitment $ 8,163,301
Remaining Commitment as of March 31, 2023 3,977,795
Bond Purchase Commitment [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 3,900,000
Remaining Commitment as of March 31, 2023 $ 3,900,000
Bond Purchase Commitment [Member] | Anaheim & Walnut [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-09
Maturity Date Q3 2024 [8]
Interest Rate 4.85% [2]
Total Initial Commitment $ 3,900,000
Remaining Commitment as of March 31, 2023 $ 3,900,000
[1] The borrowers may elect to extend the maturity date for a period ranging between six and twelve months upon meeting certain conditions, which may include payment of a non-refundable extension fee.
[2] The variable index interest rate components are typically subject to floors that range from 0% to 0.85%.
[3] Upon stabilization, the MRB will convert to a fixed rate of 8.0% and become subordinate to the other senior MRBs.
[4] Beginning December 2029, the interest rate will change to the greater of (i) 3.25% over the then 10-Year SOFR Swap rate, or (ii) 6.00%.
[5] Upon stabilization, the MRB will convert to a fixed rate of 10.0% and become subordinate to the other senior MRBs of the borrower.
[6] A development site has been identified for this property but construction had not commenced as of March 31, 2023.
[7] The property became a consolidated VIE effective during the fourth quarter of 2021 (Note 5).
[8] This is the estimated closing date of the associated bond purchase commitment.