Property Loans, Net of Loan Loss Allowances (Tables)

12 Months Ended

Dec. 31, 2020

Property Loans Net Of Loan Loss Allowance [Abstract]

Summary of Partnership's Property Loans, Net of Loan Loss Allowances

The following table summarize the Partnership’s property loans, net of loan loss allowances, as of December 31, 2020 and 2019:

	December 31, 2020
	Outstanding Balance		Loan Loss Allowance			Property Loan Principal, net of allowance
Arbors at Hickory Ridge	$	191,264	$	-		$	191,264
Avistar (February 2013 portfolio)		201,972		-			201,972
Avistar (June 2013 portfolio)		251,622		-			251,622
Centennial Crossings (1)		3,017,729		-			3,017,729
Cross Creek		11,101,887		(7,393,814	)		3,708,073
Greens Property		850,000		-			850,000
Live 929 Apartments		911,232		(911,232	)		-
Ohio Properties		2,390,446		-			2,390,446
Scharbauer Flats Apartments (1)		2,309,613		-			2,309,613
Total	$	21,225,765	$	(8,305,046	)	$	12,920,719

^{(1) Property loans are held in trust in connection with a TOB Financings (see Note 16).}

	December 31, 2019
	Outstanding Balance		Loan Loss Allowance			Property Loan Principal, net of allowance
Arbors at Hickory Ridge	$	191,264	$	-		$	191,264
Avistar (February 2013 portfolio)		201,972		-			201,972
Avistar (June 2013 portfolio)		251,622		-			251,622
Cross Creek		11,101,887		(7,393,814	)		3,708,073
Greens Property		850,000		-			850,000
Live 929 Apartments		405,717		-			405,717
Ohio Properties		2,390,446		-			2,390,446
Total	$	15,392,908	$	(7,393,814	)	$	7,999,094

Summary of Property Loans and Remaining Funding Commitments

The following is a summary of property loans, and the remaining funding commitments, that were entered into during 2020:

			As of December 31, 2020
Property Name	Date Committed	Maturity Date	Outstanding Balance		Maximum Remaining Commitment
Scharbauer Flats Apartments	June 2020	1/1/2023 (1)	$	2,309,613	$	21,850,387
Oasis at Twin Lakes	July 2020	8/1/2023 (2)		-		27,704,180
Centennial Crossings	August 2020	9/1/2023 (2)		3,017,729		21,232,271
			$	5,327,342	$	70,786,838

^{(1) The borrower has the option to extend the maturity date with two six-month extensions.}

^{(2) The borrower has the option to extend the maturity date up to six months.}

Summary of Changes in Partnership's Loan Loss Allowance

The following table summarizes the changes in the Partnership’s loan loss allowance for the years ended December 31, 2020 and 2019:

	For the Years Ended December 31,
	2020		2019
Balance, beginning of year	$	7,393,814	$	7,393,814
Provision for loan loss (1)		911,232		-
Balance, end of year	$	8,305,046	$	7,393,814

^{(1) The provision for loan loss is related to the Live 929 Apartments property loan.}