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DEBT OBLIGATIONS - Line of Credit (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
May 01, 2023
Line of credit, net, balances per the consolidated balance sheets        
Line of credit, net $ 10,814,000   $ 21,068,000  
Line of Credit        
Line of Credit        
Maximum borrowing capacity 100,000,000      
Borrowing capacity available for renovation and operating expense purposes $ 40,000,000      
Percentage of permitted borrowing base available for renovation and operating expense purposes 40.00%      
Unused facility fee (as a percent) 0.25%      
Amount available to be borrowed under the facility $ 88,500,000     $ 80,000,000
Remaining borrowing capacity available for renovation and operating expense purposes 40,000,000     $ 31,500,000
Line of credit, net, balances per the consolidated balance sheets        
Line of credit, gross 11,500,000   21,800,000  
Unamortized deferred financing costs (686,000)   (732,000)  
Line of credit, net $ 10,814,000   $ 21,068,000  
Line of Credit | Weighted average        
Line of Credit        
Line of credit, interest rate during the period 6.23% 1.89%    
Line of Credit | SOFR        
Line of Credit        
Basis of interest rate 30-day SOFR      
Applicable margin (as a percent) 1.75%   1.75%  
Line of Credit | SOFR | Minimum        
Line of Credit        
Applicable margin (as a percent) 1.75%      
Line of Credit | SOFR | Maximum        
Line of Credit        
Applicable margin (as a percent) 2.75%