Subsequent Events |
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||
| Subsequent Events [Abstract] | ||||||||||||||||||||||||||||||||||||||||
| Subsequent Events | 25. Subsequent Events In April 2026, the Poppy Grove I GIL and taxable GIL and Poppy Grove II GIL and taxable GIL with aggregate outstanding principal of $90.0 million were redeemed in full. Proceeds of approximately $72.0 million were used to repay the related TOB trust financings. In April 2026, the Partnership acquired a taxable MRB. The following table summarizes the terms of the Partnership’s investment:
In May 2026, the Partnership deposited the SoLa Affordable Portfolio taxable MRB into the existing TOB Trust 2024-XF3219 and received debt financing proceeds of $23.2 million. In April 2026, the Partnership increased its funding commitment of the Triangle Square Predevelopment Project taxable MRB from $9.3 million to $14.3 million, with $2.3 million of the additional commitment funded at closing. There were no additional changes to terms associated with the increased commitment. In April 2026, the borrower of the Poppy Grove III GIL and taxable GIL extended the maturity date from May 1, 2026 to June 1, 2026. Freddie Mac extended its forward purchase commitment maturity to June 1, 2026 as well. There were no additional changes to terms associated with the extensions. |
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