v3.26.1
Allowance for Credit Losses - Summary of Changes in Partnership's Allowance for Credit Losses (Parenthetical) (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Financing Receivable, Allowance for Credit Loss [Line Items]          
Current provision for credit losses $ 412,000   $ (345,734) [1] $ (403,019) [2] $ 173,734 [3]
MRB and taxable MRB investments [Member]          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Current provision for credit losses 39,419 [4] $ 2,000,000 8,707,000 [4] 2,047,440 [4] 8,707,000 [4]
MRB [Member]          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Recovery of prior credit loss 39,000        
Property Loans [Member]          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Current provision for credit losses $ 377,000   (607,734) [1] 449,981 [2] 535,734 [3]
Opportunity South Carolina [Member] | Property Loans [Member]          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Current provision for credit losses     $ 624,000 $ 93,000 $ 624,000
[1] The current provision for credit losses includes an asset-specific allowance of approximately $624,000 related to the Opportunity South Carolina property loan.
[2] The current provision for credit losses includes an asset-specific allowance of approximately $93,000 related to the Opportunity South Carolina property loan.
[3] The current provision for credit losses includes an asset-specific allowance of approximately $624,000 related to the Opportunity South Carolina property loan.
[4] During the first quarter of 2026, the Partnership recovered approximately $2.0 million of its previously recognized allowance for credit loss related to The Park at Sondrio MRB and taxable MRB, The Park at Vietti MRB and taxable MRB, and Windsor Shores Apartments MRB and taxable MRB, with the remaining allowance associated with the MRBs being written off upon closing of the deed in lieu of foreclosure transactions (Note 8). During the three months ended June 30, 2026, the Partnership reduced the recovery amount and increased the amount written off by approximately $39,000 which was due to final settlement of the deed in lieu of foreclosure transactions.

 

During the three and six months ended June 30, 2025, the Partnership recognized a provision for credit loss of approximately $8.7 million related to The Park at Sondrio MRB and taxable MRB, The Park at Vietti MRB and taxable MRB, and the Windsor Shores Apartments MRB and taxable MRB. The credit loss was driven primarily by worse than projected operating results, financial conditions of the borrowers, and estimated underlying collateral values.