15. Mortgages Payable and Other Secured Financing

The following tables summarize the Partnerships’ Mortgages payable and other secured financing, net of deferred financing costs, at September 30, 2018 and December 31, 2017:

MF Property Mortgage Payables	Outstanding Mortgage Payable at September 30, 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	$	3,243,620	2014	December 2019	Fixed	N/A	N/A				N/A		4.65	%
The 50/50 MF Property--Mortgage		24,437,976	2013	March 2020	Variable	Monthly		5.00	%	⁽¹⁾	N/A		5.00	%
Total Mortgage Payable\Weighted Average Period End Rate	$	27,681,596											4.96	%

⁽¹⁾	Variable rate is based on the Wall Street Journal Prime Rate, but not to exceed 5.0%.

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	%	⁽²⁾	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	%

⁽²⁾	Variable rate is based on the Wall Street Journal Prime Rate, but not to exceed 5.0%.

In September 2018, the Partnership sold the Jade Park MF Property. At the closing of the sale, the Partnership paid all outstanding principal and accrued interest on the related mortgage payable.

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	$	250,817
2019		3,608,890
2020		23,944,402
2021		-
2022		-
Thereafter		-
Total		27,804,109
Deferred financing costs		(122,513	)
Total mortgages payable and other secured financings, net	$	27,681,596