| Analysis of Nonrecourse Debt by Interest Rate |
An analysis of
nonrecourse debt by interest rate as of March 31, 2013 and
December 31, 2012 is as follows:
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March 31, 2013
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Balance |
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Maturity |
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Fixed-rate promissory
notes, interest rates from 2.26% to 5.00% per annum
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$ |
89,724,072 |
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2014 to 2032 |
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Fixed-rate promissory
notes, interest rates from 5.01% to 6.50% per annum
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80,809,208 |
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2013 to 2031 |
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Fixed-rate promissory
notes, interest rates from 6.51% to 8.00% per annum
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26,070,385 |
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2015 to 2031 |
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Total nonrecourse
debt
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$ |
196,603,665 |
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December 31, 2012
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Balance |
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Maturity |
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Fixed-rate promissory
notes, interest rates from 2.26% to 5.00% per annum
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$ |
82,753,303 |
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2014 to 2032 |
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Fixed-rate promissory
notes, interest rates from 5.01% to 6.50% per annum
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85,300,600 |
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2013 to 2031 |
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Fixed-rate promissory
notes, interest rates from 6.51% to 8.00% per annum
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27,898,266 |
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2013 to 2031 |
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Total nonrecourse
debt
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$ |
195,952,169 |
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