10. Property Loans, Net of Loan Loss Allowances

The following table summarizes the Partnership’s property loans, net of loan loss allowances, at June 30, 2017 and December 31, 2016:

	June 30, 2017
	Outstanding Balance		Loan Loss Allowances			Property Loan Principal, net of allowance
Arbors at Hickory Ridge	$	191,264	$	-		$	191,264
Ashley Square		5,078,342		(3,596,342	)		1,482,000
Avistar (February 2013 portfolio)		274,496		-			274,496
Avistar (June 2013 portfolio)		251,622		-			251,622
Cross Creek		7,155,545		(3,447,472	)		3,708,073
Greens Property		850,000		-			850,000
Lake Forest		4,623,704		(55,000	)		4,568,704
Ohio Properties		2,390,446		-			2,390,446
Vantage at Brooks, LLC		8,417,635		-			8,417,635
Vantage at Braunfels, LLC		7,469,730		-			7,469,730
Winston Group, Inc		2,000,000		-			2,000,000
Total	$	38,702,784	$	(7,098,814	)	$	31,603,970

	December 31, 2016
	Outstanding Balance		Loan Loss Allowances			Net Taxable Property Loans
Arbors at Hickory Ridge	$	191,264	$	-		$	191,264
Ashley Square		5,078,342		(3,596,342	)		1,482,000
Avistar (February 2013 portfolio)		274,496		-			274,496
Avistar (June 2013 portfolio)		251,622		-			251,622
Cross Creek		7,155,545		(3,447,472	)		3,708,073
Greens Property		850,000		-			850,000
Lake Forest		4,623,704		(55,000	)		4,568,704
Ohio Properties		2,390,446		-			2,390,446
Vantage at Brooks, LLC		7,199,424		-			7,199,424
Vantage at Braunfels, LLC		6,347,305		-			6,347,305
Winston Group, Inc		2,500,000		-			2,500,000
Total	$	36,862,148	$	(7,098,814	)	$	29,763,334

During the six months ended June 30, 2017, the Partnership advanced funds to Vantage at Brooks, LLC and Vantage at Braunfels, LLC of $1.2 million and $1.1 million, respectively. During the six months ended June 30, 2016, the Partnership advanced net funds to Cross Creek of $6,000, to FAH of $2,500, to Vantage at Brooks, LLC of $3.7 million and to Vantage at Braunfels, LLC of $2.1 million. During the six months ended June 30, 2017, the Partnership received $500,000 of principal from the Winston Group, Inc.

The Partnership’s property loans to Ashley Square, Cross Creek, and Lake Forest remain on nonaccrual status at June 30, 2017. The Partnership recognizes interest income on nonaccrual loans when cash is received and the Partnership will reassess the property loan’s nonaccrual status.