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Debt - Additional Information (Detail)
1 Months Ended 12 Months Ended 17 Months Ended
Jan. 06, 2022
USD ($)
Nov. 09, 2021
Nov. 13, 2020
USD ($)
May 14, 2020
USD ($)
May 12, 2020
Feb. 27, 2020
Mar. 29, 2019
Aug. 31, 2018
USD ($)
Feb. 23, 2018
USD ($)
Property
Loan
Sep. 28, 2017
USD ($)
Jun. 28, 2017
USD ($)
May 31, 2021
Dec. 31, 2021
USD ($)
Loan
Property
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2021
USD ($)
Loan
Debt Instrument [Line Items]                                
Secured debt                         $ 181,125,866 $ 206,839,694   $ 181,125,866
Repayment of loan                         50,000 3,099,934 $ 4,559,580  
Carrying value [1]                         205,917,900     205,917,900
Future principal payment, 2021                         1,368,205     1,368,205
Future principal payment, 2022 [1]                         $ 44,415,391     $ 44,415,391
Freddie Mac Utah Loans [Member]                                
Debt Instrument [Line Items]                                
Secured debt                 $ 46,900,000              
Debt term                 10 years              
Loan maturity date [2]                         Feb. 23, 2028      
Debt instrument, initial interest rate                 5.06%       5.06% [2]     5.06% [2]
Description of guarantees                         We serve as non-recourse guarantors pursuant to the terms and conditions of the Freddie Mac Utah Loans. During the term of the Freddie Mac Utah Loans, we are required to maintain a net worth equal to or greater than $15 million and an initial liquidity requirement equal to or greater than $4.8 million. Once the Utah Bridge Loan (defined below) is paid in full, the liquidity requirement will be reduced to $3 million.      
Number of property-owning special purpose entities | Property                 3              
Number of mortgage loans | Loan                 3       3     3
Debt instrument, interest payment period                 2 years       2 years      
Amortization period                 30 years       30 years      
Carrying value [2]                         $ 45,751,350 46,397,936   $ 45,751,350
Freddie Mac Utah Loans [Member] | Minimum [Member]                                
Debt Instrument [Line Items]                                
Non-recourse guaranty expiry threshold net worth                         15      
Non-recourse guaranty expiry threshold liquidity.                         $ 4,800,000      
Utah Bridge Loan [Member]                                
Debt Instrument [Line Items]                                
Secured debt                 $ 24,500,000              
Loan maturity date             Apr. 30, 2020   Feb. 23, 2019       Apr. 30, 2023 [3]      
Debt instrument, initial interest rate [3]                         4.25%     4.25%
Loan maturity conditional maturity date                         Aug. 23, 2019      
Commitment fee percentage on loan principal outstanding                         0.50%      
Debt instrument, repayment description                         We were required to pay $1.0 million of the balance of the loan at signing of the Fifth Amendment, along with a fee equal to 0.50% of the then-outstanding principal balance of the loan. Beginning in May 2021, since the balance of the KeyBank Bridge Loans had not been reduced to $20 million, we were required to start paying a monthly fee of 0.05% of the loan balance above $20 million until such reduction is reached. Additionally, since the balance of the KeyBank Bridge Loans were not reduced to $20 million by October 31, 2021, we are required to make principal payments of $50,000 per month until such reduction is reached. The interest rate on the KeyBank Bridge Loans is also now subject to a minimum LIBOR of 0.25%. Pursuant to the Fifth Amendment, we are also required to fund a reserve comprised of six months of interest payments, which may be utilized but must generally be replenished.      
Carrying value [3]                         $ 4,985,595 5,035,595   $ 4,985,595
Utah Bridge Loan [Member] | Subsequent Event [Member]                                
Debt Instrument [Line Items]                                
Repayment of loan $ 5,000,000.0                              
Utah Bridge Loan [Member] | Minimum [Member]                                
Debt Instrument [Line Items]                                
Non-recourse guaranty expiry threshold liquidity.                         $ 3,000,000      
Freddie Mac Cottonwood Loan [Member]                                
Debt Instrument [Line Items]                                
Secured debt                 $ 9,300,000              
Zero prepayment penalty period         12 months                      
Monthly installment commencement date         Aug. 01, 2020                      
Freddie Mac Courtyard Loan [Member]                                
Debt Instrument [Line Items]                                
Secured debt               $ 63,200,000                
Debt term               10 years                
Loan maturity date [4]                         Sep. 01, 2028      
Debt instrument, initial interest rate               4.86%         4.86% [4]     4.86% [4]
Description of guarantees                         We serve as non-recourse guarantors pursuant to the terms and conditions of the Freddie Mac Courtyard Loan. During the term of the Freddie Mac Courtyard Loan, we are required to maintain a net worth equal to or greater than $18.96 million and an initial liquidity requirement equal to or greater than $6.32 million. Once the Courtyard Bridge Loans are paid in full and the Memory Care Expansion (each defined further below) is complete, the liquidity requirement will be reduced to $4.8 million. We are able to reduce each of the foregoing liquidity requirements by an additional amount equal to the amount of the 12-month trailing cash flows of all our properties, up to a maximum reduction of $1.5 million.      
Debt instrument, interest payment period               4 years         4 years      
Amortization period               30 years         30 years      
Carrying value [4]                         $ 63,200,000 63,200,000   $ 63,200,000
Freddie Mac Courtyard Loan [Member] | Minimum [Member]                                
Debt Instrument [Line Items]                                
Non-recourse guaranty expiry threshold net worth               $ 18,960,000                
Non-recourse guaranty expiry threshold liquidity.               6,320,000                
Reduction in liquidity requirement                               $ (3,000,000.0)
Freddie Mac Courtyard Loan [Member] | Maximum [Member]                                
Debt Instrument [Line Items]                                
Non-recourse guaranty expiry threshold liquidity.               1,500,000                
Courtyard Bridge Loans [Member]                                
Debt Instrument [Line Items]                                
Loan maturity date           Apr. 30, 2021             Apr. 30, 2020      
Debt instrument, initial interest rate                         4.25%     4.25%
Non-recourse guaranty expiry threshold liquidity.               $ 4,800,000                
Commitment fee percentage on loan principal outstanding                         0.50%      
Debt instrument, repayment description                         We were required to pay $1.0 million of the balance of the loan at signing of the Fifth Amendment, along with a fee equal to 0.50% of the then-outstanding principal balance of the loan. Beginning in May 2021, since the balance of the KeyBank Bridge Loans have not been reduced to $20 million, we were required to start paying a monthly fee of 0.05% of the loan balance above $20 million until such reduction is reached. Additionally, since the balance of the KeyBank Bridge Loans were not reduced to $20 million by October 31, 2021, we are required to make principal payments of $50,000 per month until such reduction is reached. The interest rate on the KeyBank Bridge Loans is also now subject to a minimum LIBOR of 0.25%. Pursuant to the Fifth Amendment, we are also required to fund a reserve comprised of six months of interest payments, which may be utilized but must generally be replenished.      
Debt instrument, description of variable rate                         1-month LIBOR plus 400 basis      
Percentage of net proceeds from certain capital events required to be applied                         100.00%      
Number of memory care units expected to be completed in property acquisition | Property                         23      
KeyBank Bridge Loans Amendment [Member]                                
Debt Instrument [Line Items]                                
Loan maturity date     Apr. 30, 2022                          
Commitment fee percentage on loan principal outstanding     0.50%                          
Repayment of loan     $ 1,000,000.0                          
KeyBank Bridge Loans Amendment [Member] | If Balance of Loans not Reduced to $20 Million within Six Months of Closing Fifth Amendment [Member]                                
Debt Instrument [Line Items]                                
Monthly fee                       0.05%        
KeyBank Bridge Loans Amendment [Member] | Principal Amount Monthly Payment, If Balance of Loans not Reduced to $20 Million by October 1, 2021 [Member]                                
Debt Instrument [Line Items]                                
Repayment of loan     $ 50,000                          
KeyBank Bridge Loans Amendment [Member] | Minimum [Member] | LIBOR [Member]                                
Debt Instrument [Line Items]                                
Debt instrument, variable interest rate     0.25%                          
Courtyard Initial Bridge Loan [Member]                                
Debt Instrument [Line Items]                                
Loan maturity date [3]                         Apr. 30, 2023      
Debt instrument, initial interest rate [3]                         4.25%     4.25%
Carrying value [3]                         $ 27,000,000 27,000,000   $ 27,000,000
Courtyard Delayed Draw Commitment [Member]                                
Debt Instrument [Line Items]                                
Loan maturity date [3]                         Apr. 30, 2023      
Debt instrument, initial interest rate [3]                         4.25%     4.25%
Carrying value [3]                         $ 11,980,955 11,980,955   $ 11,980,955
Courtyard Delayed Draw Commitment [Member] | Maximum [Member]                                
Debt Instrument [Line Items]                                
Delayed draw commitment, amount                         $ 14,000,000     $ 14,000,000
PPP Loans [Member]                                
Debt Instrument [Line Items]                                
Secured debt       $ 1,950,000                        
Debt term       2 years                        
Debt instrument, initial interest rate       1.00%                 1.00% [5]     1.00% [5]
Carrying value [5]                           1,950,000    
Debt forgiveness and the related accrued interest                         $ 2,000,000.0      
KeyBank Bridge Loans [Member]                                
Debt Instrument [Line Items]                                
Loan maturity date   Apr. 30, 2023                            
KeyBank Bridge Loans [Member] | Subsequent Event [Member]                                
Debt Instrument [Line Items]                                
Reduction in liquidity requirement (27,000,000)                              
Repayment of loan 17,000,000                              
KeyBank Utah Bridge Loan [Member]                                
Debt Instrument [Line Items]                                
Debt instrument, initial interest rate                         4.25%     4.25%
Debt instrument, description of variable rate                         1-month LIBOR plus 400 basis points      
Percentage of net proceeds from certain capital events required to be applied                         100.00%      
Proceeds to be applied for loan payment amount                           7,100,000 $ 7,100,000  
Fayetteville Property [Member] | JPM Mortgage Loan [Member]                                
Debt Instrument [Line Items]                                
Secured debt                     $ 29,500,000          
Debt term                     7 years          
Loan maturity date                     Jul. 01, 2024   Jul. 01, 2024 [6]      
Debt instrument, initial interest rate                     4.20%   4.20% [6]     4.20% [6]
Loan prepayment period after written notice                     30 days          
Zero prepayment penalty period                     90 days          
Description of guarantees                         We and H. Michael Schwartz, our Chairman of the board and a director (our “Chairman”), serve as non-recourse guarantors pursuant to the terms and conditions of the JPM Mortgage Loan. The non-recourse guaranty of our Chairman will expire, upon request, and be of no further force and effect at such time as we have: (1) a net worth (as defined in the agreement) equal to or greater than $40 million; and (2) liquidity (as defined in the agreement) equal to or greater than $3 million.      
Carrying value [6]                         $ 29,500,000 29,500,000   $ 29,500,000
Fayetteville Property [Member] | JPM Mortgage Loan [Member] | Minimum [Member]                                
Debt Instrument [Line Items]                                
Non-recourse guaranty expiry threshold net worth                     $ 40,000,000          
Non-recourse guaranty expiry threshold liquidity.                     $ 3,000,000          
Tallahassee Property [Member] | Nationwide Mortgage Loan [Member]                                
Debt Instrument [Line Items]                                
Secured debt                   $ 23,500,000            
Loan maturity date                   Oct. 01, 2024     Oct. 01, 2024 [6],[7]      
Debt instrument, initial interest rate                   3.84%     3.84% [6],[7]     3.84% [6],[7]
Description of guarantees                         We served as non-recourse guarantor pursuant to the terms and conditions of the Nationwide Loan.      
Carrying value [6],[7]                         $ 23,500,000 $ 23,500,000   $ 23,500,000
Tallahassee Property [Member] | Nationwide Mortgage Loan [Member] | Subsequent Event [Member]                                
Debt Instrument [Line Items]                                
Repayment of loan 23,500,000                              
Tallahassee Property [Member] | Freddie Mac Utah Loans [Member] | Subsequent Event [Member]                                
Debt Instrument [Line Items]                                
Reduction in liquidity requirement (3,000,000)                              
Tallahassee Property [Member] | Courtyard Bridge Loans [Member] | Subsequent Event [Member]                                
Debt Instrument [Line Items]                                
Repayment of loan $ 12,000,000.0                              
[1] On January 6, 2022, in connection with the sale of the Tallahassee property, the entire principal balance of the Nationwide mortgage loan, totaling $23.5 million was repaid and terminated in accordance with the terms of the loan and we repaid $17 million in principal on the KeyBank Bridge loans. Please see Note 9 - Subsequent Events for additional details.
[2] Represents the aggregate of three separate mortgage loans for the three senior housing properties acquired in Utah. Fixed rate debt with interest only payments due monthly for the first two years, then principal and interest on a 30-year amortization schedule thereafter.
[3] The variable rate reflected in the table was the rate in effect as of December 31, 2021. Subsequent to December 31, 2021, in conjunction with the sale of the Tallahassee property, we paid approximately $17 million towards the principal of the KeyBank Bridge loans. Please see Note 9 – Subsequent Events for additional details.
[4] Fixed rate debt with interest only payments due monthly for the first four years, then principal and interest on a 30-year amortization schedule thereafter.
[5] Represents the aggregate of four unsecured promissory notes under the Paycheck Protection Program (the “PPP”). During the year ended December 31, 2021, our applications for forgiveness for all of the PPP loans were accepted and we recognized approximately $2.0 million in debt forgiveness and the related accrued interest in other income in our accompanying consolidated statements of operations
[6] Fixed rate debt with interest only payments due monthly and the principal balance due upon maturity.
[7] The Tallahassee property was held for sale as of December 31, 2021. On January 6, 2022, in connection with the sale of the Tallahassee property, the entire principal balance of the Nationwide mortgage loan, totaling $23.5 million was repaid and terminated in accordance with the terms of the loan. Please see Note 9 - Subsequent Events for additional details.