Property Loan, Net of Loan Loss Allowances (Tables)

12 Months Ended

Dec. 31, 2017

Property Loan Net Of Loan Loss Allowances [Abstract]

Summary of Partnership's Property Loans, Net of Loan Loss Allowances

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

	December 31, 2017
	Outstanding Balance		Loan Loss Allowances			Property Loan Principal, net of allowance
Arbors at Hickory Ridge	$	191,264	$	-		$	191,264
Avistar (February 2013 portfolio)		201,972		-			201,972
Avistar (June 2013 portfolio)		251,622		-			251,622
Cross Creek		11,101,887		(7,393,814	)		3,708,073
Greens Property		850,000		-			850,000
Lake Forest		4,995,884		-			4,995,884
Ohio Properties		2,390,446		-			2,390,446
Vantage at Brooks, LLC		8,417,635		-			8,417,635
Vantage at New Braunfels, LLC		7,406,978		-			7,406,978
Winston Group, Inc		1,100,000		-			1,100,000
Total	$	36,907,688	$	(7,393,814	)	$	29,513,874

	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 New 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

Summary of Changes in Partnership’s Loan Loss Reserves

The following table summarizes the changes in the Partnership’s loan loss reserves for the years ended December 31, 2017, 2016 and 2015:

	For the Years Ended December 31,
	2017		2016		2015
Balance, beginning of year	$	7,098,814	$	7,098,814	$	7,098,814
Provision for loan loss (1)		295,000	-		-
Balance, end of year	$	7,393,814	$	7,098,814	$	7,098,814

(1) See table below for a summary of terms for the individual Term A/B Trust securitizations. Activity for the year ended December 31, 2017 consists of the reversal of $55,000 allowance for loan loss related to Lake Forest and the increase of $350,000 allowance for loan loss related to Ashley Square. The net provision for loan loss for the year ended December 31, 2017 is recorded as a reduction to other interest income on the consolidated statements of operations.