Secured Lines of Credit (Tables)

6 Months Ended

Jun. 30, 2025

Secured Line Of Credit Facility [Member]

Line of Credit Facility [Line Items]

Summary of Lines of Credit

The following tables summarize the Partnership’s LOCs as of June 30, 2025 and December 31, 2024:

Secured Lines of Credit	Outstanding as of June 30, 2025		Total Commitment		Commitment Maturity	Variable / Fixed	Reset Frequency	Period End Rate
General LOC	$	43,000,000	$	50,000,000	June 2027 (1)	Variable (2)	Monthly		7.82	%
Acquisition LOC		1,000,000		80,000,000	June 2027 (3)	Variable (4)	Monthly		6.82	%
	$	44,000,000	$	130,000,000

(1)The General LOC contains two one-year extensions subject to certain conditions and payment of a 0.25% extension fee. The first extension request by the Partnership will be granted by BankUnited if all such conditions are met. Any subsequent extension requested by the Partnership will be granted or denied in the sole discretion of the lenders.

(2)The variable rate is equal to SOFR + 3.50%, subject to an all-in floor of 3.75%.

(3)The Partnership has two one-year extension options subject to certain conditions and payment of a 0.05% extension fee.

(4)The variable rate is equal to 2.50% plus a variable component based on the Term SOFR.

Secured Lines of Credit	Outstanding as of December 31, 2024		Total Commitment		Commitment Maturity	Variable / Fixed	Reset Frequency	Period End Rate
General LOC	$	50,000,000	$	50,000,000	June 2025 (1)	Variable (2)	Monthly		8.03	%
Acquisition LOC		18,852,000		50,000,000	June 2025 (3)	Variable (4)	Monthly		7.02	%
	$	68,852,000	$	100,000,000

(1)The General LOC contains two one-year extensions subject to certain conditions and payment of a 0.25% extension fee. The first extension request by the Partnership will be granted by BankUnited if all such conditions are met. Any subsequent extension requested by the Partnership will be granted or denied in the sole discretion of the lenders.

(2)The variable rate is equal to SOFR + 3.50%, subject to an all-in floor of 3.75%.

(3)The Partnership has one one-year extension option subject to certain conditions and payment of a $25,000 extension fee for each extension.

(4)The variable rate is equal to 2.50% plus a variable component based on the Term SOFR.