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MORTGAGE NOTES PAYABLE (Line of Credit) (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jul. 30, 2021
USD ($)
Jul. 29, 2021
Jan. 22, 2020
USD ($)
Dec. 20, 2019
USD ($)
Sep. 30, 2015
Jul. 31, 2014
USD ($)
item
Aug. 31, 2014
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2005
Dec. 19, 2019
USD ($)
Aug. 31, 2017
USD ($)
Mar. 07, 2005
item
Line of Credit                              
Interest expense               $ 3,378,942 $ 3,423,583 $ 6,743,111 $ 6,873,908        
Line Of Credit Facility Unused Capacity Commitment Fee                   6,000          
Hamilton Essex 81                              
Line of Credit                              
Interest expense               61,402 $ 71,358 122,715 $ 172,091        
Number of properties in which borrowing amount collateralized | item                             1
Minimum                              
Line of Credit                              
Tangible net worth               150,000,000   $ 150,000,000          
Operating income to indebtedness ratio                   9.50%          
Debt service coverage ratio                   1.6          
Maximum                              
Line of Credit                              
Leverage ratio                   65.00%          
Aggregate increase in indebtedness                   $ 15,000,000          
Mortgages payable | Hamilton Essex 81                              
Line of Credit                              
Term of debt         10 years                    
Mortgages payable | Hamilton on Main Apartments, LLC                              
Line of Credit                              
Term of debt             10 years         10 years      
Mortgages payable | LIBOR | Hamilton Essex 81                              
Line of Credit                              
Variable interest rate spread         2.18%                    
Line of Credit                              
Line of Credit                              
Maximum borrowings           $ 25,000,000                  
Term of debt           3 years                  
Loan amount                         $ 20,000,000    
Payment on line of credit     $ 1,000,000 $ 2,000,000                      
Amount of refinancing costs                           $ 128,000  
Credit line balance               $ 17,000,000   $ 17,000,000          
Number of properties in which borrowing amount collateralized | item           23                  
Line of Credit | Subsequent event                              
Line of Credit                              
Maximum borrowings $ 25,000,000                            
Term of debt 3 years                            
Amount of refinancing costs $ 125,000                            
Line of Credit | Federal Funds Rate                              
Line of Credit                              
Variable interest rate spread           0.50%                  
Line of Credit | LIBOR                              
Line of Credit                              
Additional applicable margin rate           2.50%                  
Variable interest rate spread           1.00%                  
Line of Credit | LIBOR | Subsequent event                              
Line of Credit                              
Variable interest rate spread 300.00% 350.00%                          
Line of Credit | Minimum                              
Line of Credit                              
Pledged interest ownership percentage                   49.00%          
Commitment fee for unused amount (as a percent)           0.15%                  
Line of Credit | Maximum                              
Line of Credit                              
Pledged interest ownership percentage                   100.00%          
Commitment fee for unused amount (as a percent)           0.20%