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Commitments and Contingencies - Summary of Partnership's Maximum Exposure Under Guarantee Agreements (Details) - USD ($)
9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Vantage At Stone Creek [Member]    
Long-term Purchase Commitment [Line Items]    
Guarantee Maturity [1] 2023  
Maximum Balance Available on Loan [1] $ 30,824,000  
Loan Balance as of September 30, 2021 [1]   $ 30,501,955
Partnership's Maximum Exposure as of September 30, 2021 [1]   15,250,978
Vantage At Coventry [Member]    
Long-term Purchase Commitment [Line Items]    
Guarantee Maturity [1] 2023  
Maximum Balance Available on Loan [1] $ 31,500,000  
Loan Balance as of September 30, 2021 [1]   31,173,875
Partnership's Maximum Exposure as of September 30, 2021 [1]   15,586,937
Vantage At Murfreesboro [Member]    
Long-term Purchase Commitment [Line Items]    
Guarantee Maturity [2],[3] 2022  
Maximum Balance Available on Loan [3] $ 30,500,000  
Loan Balance as of September 30, 2021 [3]   30,500,000
Partnership's Maximum Exposure as of September 30, 2021 [3]   $ 15,250,000
Ohio Properties [Member]    
Long-term Purchase Commitment [Line Items]    
Partnership's Maximum Exposure as of September 30, 2021 $ 3,011,522  
End of Guaranty Period 2026  
Greens of Pine Glen [Member]    
Long-term Purchase Commitment [Line Items]    
Partnership's Maximum Exposure as of September 30, 2021 $ 2,046,028  
End of Guaranty Period 2027  
[1]

The Partnership’s guaranty was initially for the entire amount of the loan and will decrease based on the achievement of certain events or financial ratios. The Partnership’s maximum exposure will decrease to 25% of the loan balance when certain debt service coverage levels are achieved by the borrower.

[2]

The initial maturity is September 2022, though the borrower may extend the maturity date for one 6-month period.

[3] The Partnership’s guaranty is for 50% of the loan balance. The Partnership has guaranteed up to 100% of the outstanding loan balance upon the occurrence of fraud or other willful misconduct by the borrower or if the borrower voluntarily files for bankruptcy. The guaranty agreement requires the Partnership to maintain a minimum net worth and maintain liquid assets of not less than $5.0 million. The Partnership was in compliance with these requirements as of September 30, 2021. The Partnership has also provided indemnification to the lender for costs related to environmental non-compliance and remediation during the term.