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MORTGAGE NOTES PAYABLE (Line of Credit) (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 03, 2021
USD ($)
Oct. 29, 2021
USD ($)
Sep. 30, 2015
Jul. 31, 2014
USD ($)
Aug. 31, 2014
Mar. 31, 2022
USD ($)
property
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2005
Jul. 31, 2017
USD ($)
Mar. 07, 2005
item
Line of Credit                      
Interest expense           $ 3,454,635 $ 3,364,170        
Hamilton Essex 81                      
Line of Credit                      
Interest expense           $ 62,230 $ 61,312        
Number of properties in which borrowing amount collateralized | item                     1
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   $ 25,000,000              
Maximum borrowings during modification period   $ 17,000,000                  
Term of debt   3 years   3 years              
Payment on line of credit $ 17,000,000                    
Additional applicable margin rate       2.50%              
Amount of refinancing costs   $ 179,000                  
Line of credit extension period               1 year      
Extension fees paid               $ 37,500   $ 128,000  
Number of properties in which borrowing amount collateralized | property           23          
Debt yield           8.04%          
Line of Credit | Current covenants                      
Line of Credit                      
Leverage ratio   65.00%                  
Tangible net worth   $ 200,000,000                  
Debt yield   9.50%                  
Debt service coverage ratio   1.60                  
Line of Credit | Revised covenants inplace until September 30, 2022                      
Line of Credit                      
Leverage ratio   70.00%                  
Tangible net worth   $ 175,000,000                  
Debt yield   8.50%                  
Debt service coverage ratio   1.35                  
Line of Credit | Revised Covenants in place until December 31, 2022                      
Line of Credit                      
Debt yield   9.00%                  
Line of Credit | Federal Funds Rate                      
Line of Credit                      
Variable interest rate spread       0.50%              
Line of Credit | LIBOR                      
Line of Credit                      
Variable interest rate spread   3.00%   1.00%              
Line of Credit | Minimum                      
Line of Credit                      
Pledged interest ownership percentage           49.00%          
Line of Credit | Maximum                      
Line of Credit                      
Pledged interest ownership percentage           100.00%