Other Assets (Tables)

9 Months Ended

Sep. 30, 2021

The following table summarizes the other assets as of September 30, 2021 and December 31, 2020:

	September 30, 2021		December 31, 2020
Deferred financing costs, net	$	1,419,806	$	390,649
Fair value of derivative instruments (Note 18)		311,801		321,503
Taxable mortgage revenue bonds, at fair value		2,435,954		1,510,437
Taxable governmental issuer loan held in trust		1,000,000		-
Bond purchase commitments, at fair value (Note 19)		401,223		431,879
Operating lease right-of-use assets, net		1,626,953		1,648,742
Other assets		1,608,565		1,605,374
Total other assets	$	8,804,302	$	5,908,584

Summary of Taxable Governmental Issuer Loan and Remaining Funding Commitment

The following table includes details of the taxable GIL, and the total funding commitment, that was entered into during the nine months ended September 30, 2021:

Property Name

Date Committed

Maturity Date

Initial Outstanding Balance

Total Commitment

Hope on Avalon

January 2021

2/1/2023 ⁽¹⁾

1,000,000

10,573,000

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

Summary of Taxable Mortgage Revenue Bonds and Total Funding Commitment

The following table includes details of the taxable MRB, and the total funding commitment, that was entered into during the nine months ended September 30, 2020:

Property Name

Date Committed

Maturity Date

Initial Outstanding Balance

Total Commitment

Ocotillo Springs - Series A-T

July 2020

8/1/2022 ⁽¹⁾

⁽²⁾

7,000,000

⁽¹⁾	The borrower has the option to extend the maturity up to one year.

⁽²⁾	The Partnership had advanced zero and $1.0 million as of December 31, 2020 and September 30, 2021, respectively.