Mortgages Payable and Other Secured Financing

3 Months Ended

Mar. 31, 2018

Mortgages Payable [Abstract]

Mortgages Payable and Other Secured Financing

15. Mortgages Payable and Other Secured Financing

The following represents the Mortgages payable and other secured financing, net of deferred financing costs, at March 31, 2018 and December 31, 2017:

MF Property Mortgage Payables	Outstanding Mortgage Payable at March 31, 2018, net		Year Acquired or Refinanced	Stated Maturity	Variable / Fixed	Reset Frequency	Variable Based Rate				Facility Fees	Period End Rate
The 50/50 MF Property--TIF    Loan	$	3,374,881	2014	December 2019	Fixed	N/A	N/A				N/A		4.65	%
The 50/50 MF    Property--Mortgage		24,608,259	2013	March 2020	Variable	Monthly		4.50	%	(1)	N/A		4.50	%
Jade Park		7,470,423	2016	October 2021	Fixed	N/A	N/A				N/A		3.85	%
Total Mortgage    Payable\Weighted    Average Period End Rate	$	35,453,563											4.38	%

⁽¹⁾ Variable rate is based on Wall Street Journal Prime Rate

MF Property Mortgage Payables	Outstanding Mortgage Payable at December 31, 2017, net		Year Acquired or Refinanced	Stated Maturity	Variable / Fixed	Reset Frequency	Variable Based Rate				Facility Fees	Period End Rate
The 50/50 MF Property--TIF    Loan		3,358,370	2014	December 2019	Fixed	N/A	N/A				N/A		4.65	%
The 50/50 MF    Property--Mortgage		24,713,256	2013	March 2020	Variable	Monthly		4.25	%	(1)	N/A		4.25	%
Jade Park		7,468,548	2016	October 2021	Fixed	N/A	N/A				N/A		3.85	%
Total Mortgage    Payable\Weighted    Average Period End Rate	$	35,540,174											4.21	%

⁽¹⁾ Variable rate is based on Wall Street Journal Prime Rate

Future Maturities

The Partnership’s contractual maturities of borrowings for the twelve-month periods ending December 31^st for the next five years and thereafter are as follows:

Remainder of 2018	$	632,527
2019		3,971,173
2020		24,191,921
2021		6,858,994
2022		-
Thereafter		-
Total		35,654,615
Deferred financing costs		(201,052	)
Total mortgages payable and other secured financings, net	$	35,453,563