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DEBT OBLIGATIONS - Line of Credit (Details) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Jul. 01, 2022
Jun. 30, 2022
May 03, 2022
Dec. 31, 2021
Line of credit, net, balances per the consolidated balance sheets            
Line of credit, net $ 4,978,000         $ 11,484,000
Line of Credit            
Line of Credit            
Maximum borrowing capacity 100,000,000          
Borrowing capacity available for renovation and operating expense purposes $ 30,000,000          
Percentage of permitted borrowing base available for renovation and operating expense purposes 30.00%          
Borrowing capacity available for operating expense purposes         $ 20,000,000  
Line of credit, interest rate during the period 1.89% 1.88%        
Line of credit, net, balances per the consolidated balance sheets            
Line of credit, gross $ 5,140,000         11,700,000
Unamortized deferred financing costs (162,000)         (216,000)
Line of credit, net $ 4,978,000       $ 0 $ 11,484,000
Line of Credit | Maximum | Forecast            
Line of Credit            
Borrowing capacity available for renovation expenses purposes     $ 20,000,000 $ 10,000,000    
Borrowing capacity available for operating expense purposes     $ 10,000,000 $ 20,000,000    
Line of Credit | LIBOR            
Line of Credit            
Basis of interest rate one month LIBOR          
Applicable margin (as a percent) 1.75% 2.00%        
Unused facility fee (as a percent) 0.25%          
Line of Credit | LIBOR | Minimum            
Line of Credit            
Applicable margin (as a percent) 1.75%          
Line of Credit | LIBOR | Maximum            
Line of Credit            
Applicable margin (as a percent) 3.00%