XML 109 R98.htm IDEA: XBRL DOCUMENT v3.21.2
Debt Financing - Additional Information (Details)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2021
Sep. 30, 2020
USD ($)
Mar. 31, 2021
Sep. 30, 2021
USD ($)
Swap
Dec. 31, 2020
USD ($)
Apr. 30, 2020
USD ($)
Debt Instrument [Line Items]            
Termination occur percentage decrease by partners net assets in one quarter       25.00%    
Termination occur percentage decrease by partners net assets in over one year       35.00%    
Effective net interest rate       4.36%    
Debt financing, net (Note 16)       $ 760,632,414 $ 673,957,640  
Variable - Notes [Member] | Mizuho Capital Markets [Member]            
Debt Instrument [Line Items]            
Debt financing, net (Note 16)   $ 103,500,000        
Proceeds from secured notes   103,500,000        
Restricted Cash   $ 77,500,000        
Variable - Notes [Member] | Mizuho Capital Markets [Member] | LIBOR [Member]            
Debt Instrument [Line Items]            
Variable Rate Index   equal to the 3-month LIBOR plus 9.00%        
Variable interest rate   9.00%        
Variable - Notes [Member] | Mizuho Capital Markets [Member] | Partnership Interest [Member]            
Debt Instrument [Line Items]            
Cash received by partnership   $ 26,000,000.0        
Secured Line Of Credit Facility [Member]            
Debt Instrument [Line Items]            
Number of return swap transactions | Swap       2    
Secured Line Of Credit Facility [Member] | Variable - Notes [Member]            
Debt Instrument [Line Items]            
Maturity date       2025-09 2025-09  
Effective net interest rate [1]       9.12% 9.22%  
Debt financing, net (Note 16)       $ 102,872,192 $ 103,086,756  
Variable Rate Index       3-month LIBOR 3-month LIBOR  
Variable interest rate       9.00% 9.00%  
Restricted Cash       $ 77,530,879 $ 77,500,000  
TOB Trusts Securitization [Member] | Fixed - Term TOB [Member] | Morgan Stanley Bank [Member]            
Debt Instrument [Line Items]            
Maturity date 2024-05   2022-05 2024-05 2022-05  
Effective net interest rate 1.98%   3.53% 1.98% 3.53%  
Debt financing, net (Note 16)       $ 12,936,258 $ 13,001,530  
Variable Rate Index       N/A N/A  
Term A/B Trust [Member] | Deutsche Bank [Member]            
Debt Instrument [Line Items]            
Debt instrument, one-time fee           $ 454,000
[1] The Partnership has entered into two total return swap transactions with the Secured Notes as the reference security and notional amounts totaling the outstanding principal on the Secured Notes. The total return swaps effectively net down the interest rate on the Secured Notes. Considering the effect of the total return swaps, the effective net interest rate is 4.25% for approximately $39.7 million of the Secured Notes and 1.00% for approximately $63.5 million of the Secured Notes as of September 30, 2021. See Note 18 for further information on the total return swaps.