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Subsequent Events (Tables)
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Summary of Gross Principal and Initial Terms of TOB Trusts The following table summarizes the gross principal and initial terms of the TOB Trusts at closing:

TOB Trusts Securitization

 

Outstanding TOB

Trust Financing

 

 

Stated Maturity

 

Reset

Frequency

 

SIFMA

Based Rates

 

 

Facility Fees

 

 

Initial

Interest Rate

 

Avistar at Copperfield - Series A

 

$

11,818,000

 

 

May 2021

 

Weekly

 

0.42%

 

 

1.66%

 

 

2.08%

 

Avistar at Wilcrest - Series A

 

 

4,479,000

 

 

May 2021

 

Weekly

 

0.42%

 

 

1.66%

 

 

2.08%

 

Avistar at Wood Hollow - Series A

 

 

34,007,000

 

 

May 2021

 

Weekly

 

0.42%

 

 

1.66%

 

 

2.08%

 

Gateway Village

 

 

2,184,000

 

 

May 2021

 

Weekly

 

0.42%

 

 

1.66%

 

 

2.08%

 

Lynnhaven

 

 

2,898,000

 

 

May 2021

 

Weekly

 

0.42%

 

 

1.66%

 

 

2.08%

 

Total TOB Trust Financing

 

$

55,386,000