16. Mortgages Payable and Other Secured Financing

The following represents the Mortgages payable and other secured financing, net of deferred financing costs, at March 31, 2017 and December 31, 2016:

MF Property Mortgage Payables	Outstanding Mortgage Payable at March 31, 2017, net		Year Acquired	Stated Maturity	Variable / Fixed	Reset Frequency	Variable Based Rate			Facility Fees			Period End Rate
Eagle Village ⁽¹⁾	$	7,797,894	2010	September 2018	Variable	Monthly		0.81	%		3.00	%		3.81	%
Residences of DeCordova		1,727,786	2012	June 2017	Fixed	N/A	N/A			N/A				4.75	%
Residences of Weatherford		5,528,191	2011	June 2017	Fixed	N/A	N/A			N/A				4.75	%
The 50/50 MF Property--Mortgage ⁽²⁾		24,984,591	2013	March 2020	Variable	Monthly		3.75	%	N/A				3.75	%
The 50/50 MF Property--TIF Loan		3,673,665	2014	December 2019	Fixed	N/A	N/A			N/A				4.65	%
Jade Park		7,462,933	2016	October 2021	Fixed	N/A	N/A			N/A				3.85	%
Total Mortgage Payable\Weighted Average Period End Rate	$	51,175,060												3.98	%

⁽¹⁾	Variable rate is based on LIBOR

⁽²⁾	Variable rate is based on Wall Street Journal Prime Rate

MF Property Mortgage Payables	Outstanding Mortgage Payable at December 31, 2016, net		Year Acquired	Stated Maturity	Variable / Fixed	Reset Frequency	Variable Based Rate			Facility Fees			Period End Rate
Eagle Village ⁽¹⁾		7,845,711	2010	September 2018	Variable	Monthly		0.63	%		3.00	%		3.63	%
Residences of DeCordova		1,744,858	2012	June 2017	Fixed	N/A	N/A			N/A				4.75	%
Residences of Weatherford		5,589,086	2011	June 2017	Fixed	N/A	N/A			N/A				4.75	%
The 50/50 MF Property--Mortgage ⁽²⁾		25,082,636	2013	March 2020	Variable	Monthly		3.50	%	N/A				3.50	%
The 50/50 MF Property--TIF Loan		3,656,090	2014	December 2019	Fixed	N/A	N/A			N/A				4.65	%
Jade Park		7,461,131	2016	October 2021	Fixed	N/A	N/A			N/A				3.85	%
Total Mortgage Payable\Weighted Average Period End Rate	$	51,379,512												3.83	%

⁽¹⁾	Variable rate is based on LIBOR

⁽²⁾	Variable rate is based on Wall Street Journal Prime Rate

The following represents the Mortgages payable and other secured financing contractual maturities for the next five years and thereafter:

2017	$	8,017,670
2018		8,475,223
2019		4,166,034
2020		23,968,377
2021		6,858,994
Thereafter		-
Total mortgages payable and other secured financings	$	51,486,298