XML 44 R32.htm IDEA: XBRL DOCUMENT v3.21.1
Credit Facilities (Details)
3 Months Ended
Mar. 31, 2021
USD ($)
extension
Dec. 31, 2020
USD ($)
Line of Credit Facility [Line Items]    
Credit facilities, net $ 68,878,506 $ 70,319,868
Line of Credit    
Line of Credit Facility [Line Items]    
Long-term line of credit, gross 69,995,000 71,495,000
Unamortized debt issuance costs (1,116,494) (1,175,132)
Credit facilities, net $ 68,878,506 70,319,868
Line of Credit | Secured Credit Facility | Berkadia Credit Facility    
Line of Credit Facility [Line Items]    
Rate 3.93%  
Long-term line of credit, gross $ 35,995,000 35,995,000
Line of Credit | Secured Credit Facility | JP Morgan Credit Facility    
Line of Credit Facility [Line Items]    
Long-term line of credit, gross $ 34,000,000 $ 35,500,000
Number of extensions | extension 2  
Maximum borrowing capacity $ 67,600,000  
Potential additional financing $ 125,000,000  
Term of extension (in years) 1 year  
Line of Credit | Secured Credit Facility | JP Morgan Credit Facility | LIBOR | Minimum    
Line of Credit Facility [Line Items]    
Interest rate on note issued 1.50%  
Line of Credit | Secured Credit Facility | JP Morgan Credit Facility | LIBOR | Maximum    
Line of Credit Facility [Line Items]    
Interest rate on note issued 1.75%