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Governmental Issuer Loan (Tables)
6 Months Ended
Jun. 30, 2020
Governmental Issuer Loan [Abstract]  
Summary of Partnership's Governmental Issuer Loan The terms of the Partnership’s GIL as of June 30, 2020 are as follows:

Property Name

 

Month

Acquired

 

Property Location

 

Units

 

Maturity Date

 

Variable Interest Rate

 

Amortized Cost

 

Scharbauer Flats Apartments

 

June

 

Midland, TX

 

300

 

1/1/2023 (1)

 

SIFMA + 3.10%

 

$

40,000,000

 

 

(1)

The borrower may automatically extend the maturity to July 2023 and may further extend the maturity to January 2024 upon payment of a non-refundable extension fee.