Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

Summary of Partnership's GIL and Property Loan Commitments

The following table summarizes the terms of the Partnership’s GIL and property loan commitments:

Commitment	Month Acquired	Property Location	Units	Maturity Date	Variable Interest Rate		Initial Funding		Maximum Remaining Commitment
Legacy Commons at Signal Hills - GIL	January 2021	St Paul, MN	247	2/1/2024 (1)	SOFR + 3.07%	(2)	$	9,917,887	$	24,702,113
Legacy Commons at Signal Hills - Property Loan	January 2021	St Paul, MN	247	2/1/2024 (1)	SOFR + 3.07%	(2)		1,000,000		31,233,972
Hilltop at Signal Hills - GIL	January 2021	St Paul, MN	146	8/1/2023 (1)	SOFR + 3.07%	(2)		4,075,050		20,374,950
Hilltop at Signal Hills - Property Loan	January 2021	St Paul, MN	146	8/1/2023 (1)	SOFR + 3.07%	(2)		1,000,000		20,197,939
Hope on Avalon - GIL	January 2021	Los Angeles, CA	88	2/1/2023 (1)	SIFMA + 3.75%	(3)		6,331,200		17,058,800
Hope on Avalon - Property Loan	January 2021	Los Angeles, CA	88	2/1/2023 (1)	SOFR + 3.55%	(4)		1,000,000		9,573,000
Hope on Broadway - GIL	January 2021	Los Angeles, CA	49	2/1/2023 (1)	SIFMA + 3.75%	(3)		3,691,245		8,414,378

(1) The borrower has the option to extend the maturity up to six months upon payment of a non-refundable extension fee.

(2) The SOFR-based component has a floor of 0.50%.

(3) The variable interest rate is subject to floor of 4.60%.

(4) The variable interest rate is subject to a floor of 4.85%.

Summary of Initial Terms of TOB Trusts Financings

The following table summarizes the initial terms of the TOB Trust financing:

TOB Trusts Securitization	Initial TOB Trust Financing		Stated Maturity	Reset Frequency	OBFR Based Rates	Facility Fees	Initial Interest Rate
TOB Trust 2021-XF2926	$	15,290,000	January 2024	Weekly	0.33%	0.89%	1.22%