| Schedule of Other Assets |
The following table summarizes the Partnership’s other assets as of March 31, 2026 and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
December 31, 2025 |
|
Deferred financing costs, net |
|
$ |
456,511 |
|
|
$ |
659,420 |
|
Derivative instruments at fair value (Note 15) |
|
|
2,050,163 |
|
|
|
1,338,175 |
|
Taxable mortgage revenue bonds, at fair value |
|
|
48,756,731 |
|
|
|
43,162,714 |
|
Taxable governmental issuer loans: |
|
|
|
|
|
|
Taxable governmental issuer loans |
|
|
44,879,465 |
|
|
|
44,879,465 |
|
Allowance for credit losses (Note 10) |
|
|
(225,000 |
) |
|
|
(244,000 |
) |
Taxable governmental issuer loans, net |
|
|
44,654,465 |
|
|
|
44,635,465 |
|
Bond purchase commitment, at fair value (Note 16) |
|
|
2,955,173 |
|
|
|
3,323,510 |
|
In-place lease assets, net |
|
|
3,415,384 |
|
|
|
- |
|
Other assets |
|
|
1,311,875 |
|
|
|
1,507,512 |
|
Total other assets |
|
$ |
103,600,302 |
|
|
$ |
94,626,796 |
|
|
| Summary of Taxable MRBs Redeemed |
The following table provides details of the MRBs that were redeemed:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Name |
|
Redemption Date |
|
Property Location |
|
Units |
|
Original
Maturity Date |
|
Interest Rate |
|
Principal Outstanding at Date of Redemption |
|
Park at Sondrio - Series 2022B |
|
January 2026 |
|
Greenville, SC |
|
271 |
|
1/1/2030 |
|
6.50% |
|
$ |
1,100,000 |
|
Park at Vietti - Series 2022B |
|
January 2026 |
|
Spartanburg, SC |
|
204 |
|
1/1/2030 |
|
6.50% |
|
|
880,000 |
|
Windsor Shores Apartments - Series B |
|
February 2026 |
|
Columbia, SC |
|
176 |
|
2/1/2030 |
|
6.50% |
|
|
805,000 |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,785,000 |
|
|
| Summary of Taxable MRBs Acquired |
The following table summarizes terms of the amended taxable MRB:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Name |
|
Month
Funded |
|
Property Location |
|
Maturity Date |
|
Interest Rate |
|
Additional Principal Funding |
|
|
Total Commitment |
|
Residency at the Entrepreneur - Series J-T |
|
January 2026 |
|
Hollywood, CA |
|
7/1/2026 |
|
SOFR + 3.65% |
|
$ |
4,000,000 |
|
|
$ |
12,000,000 |
|
|
| Summary Of Taxable Governmental Issuer Loan Acquired |
The following table summarizes terms of the principal repaid:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Name |
|
Month Repaid |
|
Location |
|
Units |
|
Original
Maturity Date |
|
Interest Rate |
|
Principal
Repaid |
|
Poppy Grove I |
|
February 2025 |
|
Elk Grove, CA |
|
147 |
|
4/1/2025 |
|
6.78% |
|
$ |
5,200,000 |
|
Poppy Grove II |
|
February 2025 |
|
Elk Grove, CA |
|
82 |
|
4/1/2025 |
|
6.78% |
|
|
1,800,000 |
|
Poppy Grove III |
|
February 2025 |
|
Elk Grove, CA |
|
158 |
|
4/1/2025 |
|
6.78% |
|
|
5,700,000 |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
$ |
12,700,000 |
|
|