Property Loans, Net of Loan Loss Allowances (Tables)

3 Months Ended

Mar. 31, 2021

Property Loans Net Of Loan Loss Allowance [Abstract]

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

The following tables summarize the Partnership’s property loans, net of loan loss allowances, as of March 31, 2021 and December 31, 2020:

	March 31, 2021
	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
Hilltop at Signal Hills (1)		1,000,000		-			1,000,000
Legacy Commons at Signal Hills (1)		1,000,000		-			1,000,000
Live 929 Apartments		911,232		(911,232	)		-
Oasis at Twin Lakes (1)		1,000,000		-			1,000,000
Ohio Properties		2,390,446		-			2,390,446
Scharbauer Flats Apartments (1)		2,309,613		-			2,309,613
Total	$	24,225,765	$	(8,305,046	)	$	15,920,719

^{(1) The property loan is held in trust in connection with a TOB financing (Note 15).}

	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) The property loan is held in trust in connection with a TOB financing (Note 15).}

Summary of Outstanding Property Loans and Remaining Commitments

The following is a summary of the property loans commitments entered into during the three months ended March 31, 2021

Property Name	Date Committed	Maturity Date (1)	Outstanding Balance
Legacy Commons at Signal Hills	January 2021	2/1/2024	$	1,000,000
Hilltop at Signal Hills	January 2021	8/1/2023		1,000,000
			$	2,000,000

^{(1) The borrower has the option to extend the maturity date up to six months.}

The following table summarizes the Partnership’s outstanding property loan commitments as of March 31, 2021:

	Maximum Remaining Commitment
Centennial Crossings		21,232,271
Hilltop at Signal Hills		20,197,939
Legacy Commons at Signal Hills		31,233,972
Oasis at Twin Lakes		26,704,180
Scharbauer Flats Apartments		21,850,387
Total	$	121,218,749