Note 6. Notes Receivable	9 Months Ended
Sep. 30, 2012
Notes to Financial Statements
Note 6. Notes Receivable	On December 17, 2010, the Partnership participated in first and second senior credit facilities with a group led by a major bank in the aggregate amount of $75 million (the “Credit Facility”) to a new casino in Grand Falls, Iowa (the “Borrower”). The Partnership’s commitment to the Credit Facility was $3 million under the first lien senior credit facility consisting of a $40 million term loan and a $10 million revolving loan (the “First Facility”), and $1.5 million under the second lien senior credit facility consisting of a $25 million term loan (the “Second Facility”). The Credit Facility may be utilized by the Borrower for a portion of the development and construction costs of the casino (the “Project”), to pay for fees and expenses in connection with the Project and for initial working capital needs after completion of the Project. On August 14, 2012, the Borrower refinanced the Credit Facility, which had been fully drawn on, and the Partnership was repaid its entire commitment. As a result of the refinancing, the Partnership earned approximately $58,300 in call protection fees per the terms of the Credit Facility. The First Facility was scheduled to mature on December 17, 2014; the Second Facility was scheduled to mature on December 17, 2015. The Borrower paid various one-time fees and other loan costs upon the closing of the Credit Facility. The Partnership’s General Partner received a mortgage placement fee of 1.5% of the Partnership’s total commitment under the Credit Facility for its services in connection with the placement of the Credit Facility.

Note 6. Notes Receivable

9 Months Ended

Sep. 30, 2012

On December 17, 2010, the Partnership participated in first and second senior credit facilities with a group led by a major bank in the aggregate amount of $75 million (the “Credit Facility”) to a new casino in Grand Falls, Iowa (the “Borrower”). The Partnership’s commitment to the Credit Facility was $3 million under the first lien senior credit facility consisting of a $40 million term loan and a $10 million revolving loan (the “First Facility”), and $1.5 million under the second lien senior credit facility consisting of a $25 million term loan (the “Second Facility”). The Credit Facility may be utilized by the Borrower for a portion of the development and construction costs of the casino (the “Project”), to pay for fees and expenses in connection with the Project and for initial working capital needs after completion of the Project.

On August 14, 2012, the Borrower refinanced the Credit Facility, which had been fully drawn on, and the Partnership was repaid its entire commitment. As a result of the refinancing, the Partnership earned approximately $58,300 in call protection fees per the terms of the Credit Facility.

The First Facility was scheduled to mature on December 17, 2014; the Second Facility was scheduled to mature on December 17, 2015.

The Borrower paid various one-time fees and other loan costs upon the closing of the Credit Facility.

The Partnership’s General Partner received a mortgage placement fee of 1.5% of the Partnership’s total commitment under the Credit Facility for its services in connection with the placement of the Credit Facility.

BIGGEST LITTLE INVESTMENTS LP 10-Q