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Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)
6 Months Ended
Jun. 30, 2015
Policies  
Mortgage Note Receivable

Mortgage Note Receivable

 

The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Partnership has recorded its mortgage note receivable at the impaired balance of $3,478,000 at June 30, 2015 and December 31, 2014. No further impairments were recognized during the six months ended June 30, 2015 or 2014.  See “Note 3 – Mortgage Note Receivable” for further information.