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4. Restricted Cash
12 Months Ended
Dec. 31, 2016
Restricted Cash  
Restricted Cash

The Company received the balance of restricted cash of $5,000 from PGIP LLC (“PGIP”), the first mortgage lender, which was released subsequent to the sale of the Property and satisfaction of the primary lender debt obligation owed to PGIP during the year ended December 31, 2016 (see Note 15).

 

The restricted escrow funds balance was $5,000 at December 31, 2015.