XML 96 R89.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Other Assets - Summary of Taxable MRBs and and GILs Acquired (Details)
3 Months Ended
Mar. 31, 2024
USD ($)
Unit
Mar. 31, 2023
USD ($)
Governmental Issuer Loans [Line Items]    
Principal Outstanding at Date of Redemption $ 22,073,000 $ 18,315,580
Mortgage Revenue Bonds [Member] | Live 929 Apartments - Series 2022B [Member]    
Governmental Issuer Loans [Line Items]    
Month Redeemed   2023-01
Date Committed   2023-01
Original Maturity Date   Feb. 01, 2030
Taxable MRB, Initial Principal Funding   $ 805,000
Taxable MRB, Total Commitment   $ 805,000
Mortgage Revenue Bonds [Member] | Residency at the Mayer Series A-T [Member]    
Governmental Issuer Loans [Line Items]    
Month Redeemed [1] 2024-03  
Property Location [1] Hollywood, CA  
Units | Unit [1] 79  
Date Committed [1] 2024-03  
Original Maturity Date [1] Oct. 01, 2024  
Principal Outstanding at Date of Redemption [1] $ 11,500,000  
Mortgage Revenue Bonds [Member] | Residency at the Mayer Series A-T [Member] | SOFR [Member]    
Governmental Issuer Loans [Line Items]    
Interest Rate [1],[2] 3.70%  
Governmental Issuer Loans [Member] | Hope On Avalon [Member]    
Governmental Issuer Loans [Line Items]    
Month Redeemed 2024-01  
Property Location Los Angeles, CA  
Units | Unit 88  
Date Committed 2024-01  
Original Maturity Date Feb. 01, 2024  
Principal Outstanding at Date of Redemption $ 10,573,000  
Governmental Issuer Loans [Member] | Hope On Avalon [Member] | SOFR [Member]    
Governmental Issuer Loans [Line Items]    
Interest Rate 3.55%  
[1] The borrower re-allocated $11.5 million of previously provided funding from a taxable MRB to a new MRB during the acquisition and rehabilitation phase of the property.
[2] The interest rate is subject to an all-in floor of 3.95%.