XML 57 R41.htm IDEA: XBRL DOCUMENT

Governmental Issuer Loans (Tables)

12 Months Ended

Dec. 31, 2020

Governmental Issuer Loans [Abstract]

Summary of Partnership's Investments and Remaining Funding Commitments Related to Governmental Issuer Loans

The Partnership had the following investments and remaining funding commitments related to its GILs as of December 31, 2020:

												As of December 31, 2020
Property Name		Date Acquired		Property Location		Units		Maturity Date		Variable Interest Rate		Current Interest Rate				Amortized Cost				Maximum Remaining Commitment
Scharbauer Flats Apartments		June 2020		Midland, TX		300		1/1/2023 ⁽¹⁾		SIFMA + 3.10%		3.19%				$	40,000,000			$	-
Oasis at Twin Lakes		July 2020		Roseville, MN		228		8/1/2023 ⁽²⁾		SIFMA + 3.25%	^(3),(4)	3.75%					14,403,000				19,597,000
Centennial Crossings		August 2020		Centennial, CO		209		9/1/2023 ⁽²⁾		SIFMA + 2.75%	⁽⁴⁾	3.25%					10,460,657				22,619,343
																$	64,863,657			$	42,216,343

⁽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.}

⁽²⁾	^{The borrower may extend the maturity date to for a period not to exceed six months upon payment of a non-refundable extension fee.}

⁽³⁾	^{The variable rate decreases to SIFMA plus 2.25% upon completion of construction.}

⁽⁴⁾	^{The SIFMA index interest rate component is subject to a floor of 0.50%.}