16. Unsecured Lines of Credit

The following represents the unsecured lines of credit (“LOC”) on September 30, 2016 and December 31, 2015:

Unsecured Lines of Credit	Outstanding on September 30, 2016		Total Commitment		Maturity	Variable / Fixed	Reset Frequency	Period End Rate
Bankers Trust	$	-	$	40,000,000	May-17	Variable	Monthly		3.09	%
Bankers Trust operating		-		7,500,000	May-17	Variable	Monthly		3.77	%
Total unsecured lines of credit	$	-	$	47,500,000

Unsecured Lines of Credit	Outstanding on December 31, 2015		Total Commitment		Maturity	Variable / Fixed	Reset Frequency	Period End Rate
Bankers Trust	$	12,497,000	$	37,500,000	May-17	Variable	Monthly		2.90	%
Bankers Trust operating		-		5,000,000	March-16	Variable	Monthly		3.50	%
Five Points Bank operating		5,000,000		5,000,000	March-16	Variable	Monthly		3.40	%
Total unsecured lines of credit	$	17,497,000	$	47,500,000

The Partnership is required to make prepayments of the principal to reduce the Bankers Trust Operating LOC to zero for fifteen consecutive calendar days during each calendar quarter. For all periods presented the Partnership fulfilled its prepayment obligation. In addition, the Partnership has fulfilled its fourth quarter of 2016 prepayment obligation as it maintained a zero balance in this LOC for the first fifteen days of October 2016.