XML 48 R35.htm IDEA: XBRL DOCUMENT v3.23.1
Secured Debt - Summary of Secured Debt (Detail) - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Nov. 30, 2021
Jul. 08, 2021
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 157,169,423 $ 47,856,858    
Huntington Credit Facility        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 95,091,351 37,062,500    
Interest Rate 6.94%      
Maturity Date Nov. 30, 2024   Nov. 30, 2024  
Skymar Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 4,800,000 4,800,000    
Interest Rate 4.125%     4.125%
Maturity Date Aug. 01, 2024     Aug. 01, 2024
SmartStop Delayed Draw Mezzanine Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 35,000,000 6,800,000    
Interest Rate 7.30%      
Maturity Date Dec. 30, 2023      
National Bank of Canada | Burlington Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt [1] $ 12,055,230      
Interest Rate [1] 6.27%      
Maturity Date [1] Sep. 20, 2025      
National Bank of Canada | Cambridge Loan        
Line Of Credit Facility [Line Items]        
Total Secured Debt [2] $ 11,439,000      
Interest Rate [2] 6.09%      
Maturity Date [2] Dec. 20, 2025      
Secured Debt        
Line Of Credit Facility [Line Items]        
Total Secured Debt $ 4,800,000 4,800,000    
Debt issuance costs, net $ (1,216,158) $ (805,642)    
[1] This variable rate loan encumbers our Burlington, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 2022. We entered into an interest rate swap agreement that fixes CDOR at 4.02% until the maturity of the loan.
[2] This variable rate loan encumbers our Cambridge, ONT property and the amount shown above is in USD based on the foreign exchange rate in effect as of December 31, 2022. We entered into an interest rate swap agreement that fixes CDOR at 3.84% until the maturity of the loan.