Mortgage Note Payable (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Summary of Mortgage Notes Payable

The following is a summary of the Company's mortgage note payable as of September 30, 2014:

	Balance Outstanding at		Maturity Date	Initial Annual Interest Rate		Average Monthly Debt Service		Interest Expense
Collateral	September 30, 2014							Three Months Ended   September 30, 2014		Nine Months Ended   September 30, 2014
Bear Creek	$	7,465,000	7/1/2024	2.521	%	$	15,900	$	48,094	$	62,638

Annual Principal Payments on Mortgage Notes Payable for Next Five Years

Annual principal payments on the mortgage note payable for each of the next five years ending September 30, and thereafter, are as follows:

2015	$	—
2016	—
2017	—
2018	21,679
2019	86,718
Thereafter	7,356,603
	$	7,465,000