Debt Financing (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Total Debt Financing [Table Text Block]

The following table provides the details related to the total Debt Financing on June 30, 2016 and December 31, 2015.

	Outstanding Debt Financings on June 30, 2016		Restricted Cash		Years Acquired	Stated Maturities	Reset Frequency	SIFMA Based Rates	Facility Fees ⁽¹⁾		Period End Rates
TOB Trusts Securitization
Fixed	$	152,141,820	$	-	2014 - 2015	Oct 2016 - Jul 2019	N/A	N/A	N/A		2.76 - 4.51%
Variable	$	43,145,000	$	2,613,141	2012	June 2016	Weekly	0.96 - 1.08%		1.62%		2.57%

TEBS Financings
Variable	$	234,776,519	$	5,428,028	2010 - 2015	Sept 2017 - July 2020	Weekly	0.44 - 0.46%	1.39 - 1.91%		1.83 - 2.37%
Total Debt Financings	$	430,063,339

⁽¹⁾	Facility fees are variable

	Outstanding Debt Financings on December 31, 2015		Restricted Cash		Year Acquired	Stated Maturities	Reset Frequency	SIFMA Based Rates	Facility Fees ⁽¹⁾	Period End Rates
TOB Trusts Securitization
Fixed	$	160,582,124	$	-	2014 - 2015	Oct 2016 - Jul 2019	N/A	N/A	N/A	2.76 - 4.51%
Variable	$	55,930,000	$	1,930,027	2012	April 2016 - June 2016	Weekly	0.16 - 0.68%	0.94 - 1.62%	1.1 - 2.3%

TEBS Financings
Variable	$	234,984,592	$	5,371,680	2010 - 2015	Sept 2017 - July 2020	Weekly	0.02 - 0.04%	1.26 - 1.91%	1.28 - 1.95%
Total Debt Financings	$	451,496,716

⁽¹⁾	Facility fees are variable

Summary of Pre-adoption and Post-adoption Condensed Financial Statements [Table Text Block]

The following tables provide summaries of the pre-adoption and post-adoption effects of this change on the Partnership’s condensed consolidated financial statements on June 30, 2016 and December 31, 2015:

Pre-adoption balance sheet	June 30, 2016		December 31, 2015
Assets:
Other assets	$	28,439,553	$	18,348,745
Liabilities:
Debt financings	$	434,241,092	$	456,431,288
Mortgages payable and other secured financing	$	52,421,530	$	69,717,114

Post-adoption balance sheet	June 30, 2016		December 31, 2015
Assets:
Other assets	$	23,907,596	$	12,944,633
Liabilities:
Debt financings ¹	$	430,063,339	$	451,496,716
Mortgages payable and other secured financing ²	$	52,067,325	$	69,247,574

Schedule of Maturities of Long-term Debt [Table Text Block]

The Partnership’s aggregate borrowings on June 30, 2016 contractually mature over the next five years and thereafter as follows:

2016	$	68,749,259
2017		153,856,796
2018		2,333,071
2019		128,711,737
2020		80,590,229
Total	$	434,241,092