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Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)
9 Months Ended
Sep. 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 December 31, 2014. The mortgage was repaid during August 2015. No further impairments were recognized during the nine months ended September 30, 2015 or 2014.  See “Note 3 – Mortgage Note Receivable” for further information.