Accounts Payable, Accrued Expenses and Other Liabilities

6 Months Ended

Jun. 30, 2025

Payables and Accruals [Abstract]

Accounts Payable, Accrued Expenses and Other Liabilities

11. Accounts Payable, Accrued Expenses and Other Liabilities

The following table summarizes the Partnership’s accounts payable, accrued expenses and other liabilities as of June 30, 2025 and December 31, 2024:

	June 30, 2025		December 31, 2024
Accounts payable	$	1,308,499	$	2,183,546
Accrued expenses		4,868,783		5,076,445
Accrued interest expense		6,545,873		7,529,123
Deferred gain on sale of MF Property		6,596,622		6,596,622
Reserve for credit losses on unfunded commitments (Note 10)		30,000		186,000
Derivative instruments at fair value (Note 15)		1,906,605		609,766
Other liabilities		1,582,191		1,299,266
Total accounts payable, accrued expenses and other liabilities	$	22,838,573	$	23,480,768

See Note 10 for information regarding the Partnership’s allowance for credit losses related to its unfunded commitments.