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Note 9 - Line of Credit Payable
6 Months Ended
Jun. 30, 2011
Debt Disclosure [Text Block]
NOTE 9 - LINE OF CREDIT PAYABLE

The Partnership had a line of credit agreement with a group of banks, which provided interim financing on mortgage loans invested in by the Partnership. All assets of the Partnership were pledged as security for the line of credit. The line of credit was guaranteed by the General Partner. The line of credit was fully repaid by the Partnership in December 2010. Interest expense was approximately $408,000 and $843,000 for the three and six months ended June 30, 2010, respectively.