10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-11-045957 |
| Period End Date | 20110630 |
| Filing Date | 20110812 |
| Fiscal Year | 2011 |
| Fiscal Period | Q2 |
| XBRL Instance | udf-20110630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Limited partners' capital account, units authorized |
LimitedPartnersCapitalAccountUnitsAuthorized
|
22.50M | shares | Point-in-time |
| Limited partners' capital account, units authorized |
LimitedPartnersCapitalAccountUnitsAuthorized
|
22.50M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.84M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
18.06M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$646.68K | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
17.78M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.50M | USD | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
18.06M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.51M | USD | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
17.78M | shares | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$5.83M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$6.59M | USD | Point-in-time |
| Accrued interest receivable - related party |
AccruedInterestReceivablesRelatedParty
|
$6.56M | USD | Point-in-time |
| Accrued interest receivable - related party |
AccruedInterestReceivablesRelatedParty
|
$2.33M | USD | Point-in-time |
| Mortgage notes receivable, net |
NotesReceivableNet
|
$229.69M | USD | Point-in-time |
| Mortgage notes receivable, net |
NotesReceivableNet
|
$220.80M | USD | Point-in-time |
| Mortgage notes receivable - related party |
NotesReceivableRelatedParties
|
$51.01M | USD | Point-in-time |
| Mortgage notes receivable - related party |
NotesReceivableRelatedParties
|
$54.62M | USD | Point-in-time |
| Participation interest - related party |
InterestOnParticipationRelatedParty
|
$57.85M | USD | Point-in-time |
| Participation interest - related party |
InterestOnParticipationRelatedParty
|
$57.89M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$129.49K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$245.35K | USD | Point-in-time |
| Total assets |
Assets
|
$344.00M | USD | Point-in-time |
| Total assets |
Assets
|
$354.02M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$146.71K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$175.78K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$164.94K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$83.34K | USD | Point-in-time |
| Accrued liabilities - related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$4.26M | USD | Point-in-time |
| Accrued liabilities - related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$3.68M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$3.59M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$2.98M | USD | Point-in-time |
| Line-of-credit |
LineOfCredit
|
$15.00M | USD | Point-in-time |
| Line-of-credit |
LineOfCredit
|
$15.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$22.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$23.07M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Limited partners' capital: 22,500,000 units authorized; 18,057,546 units issued and outstanding at June 30, 2011 and 17,782,903 units issued and outstanding at December 31, 2010 |
LimitedPartnersCapitalAccount
|
$321.92M | USD | Point-in-time |
| Limited partners' capital: 22,500,000 units authorized; 18,057,546 units issued and outstanding at June 30, 2011 and 17,782,903 units issued and outstanding at December 31, 2010 |
LimitedPartnersCapitalAccount
|
$330.54M | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$400.06K | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$79.85K | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$330.94M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$322.00M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$354.02M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$344.00M | USD | Point-in-time |
Income Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income |
InterestIncomeOperating
|
$7.99M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$16.98M | USD | 2 Qtrs |
| Interest income |
InterestIncomeOperating
|
$15.69M | USD | 2 Qtrs |
| Interest income |
InterestIncomeOperating
|
$8.56M | USD | 1 Quarter |
| Interest income - related party |
InterestIncomeRelatedParty
|
$7.38M | USD | 2 Qtrs |
| Interest income - related party |
InterestIncomeRelatedParty
|
$3.54M | USD | 1 Quarter |
| Interest income - related party |
InterestIncomeRelatedParty
|
$7.14M | USD | 2 Qtrs |
| Interest income - related party |
InterestIncomeRelatedParty
|
$3.68M | USD | 1 Quarter |
| Credit enhancement fees - related party |
CreditEnhancementFeesRelatedParty
|
$22.32K | USD | 2 Qtrs |
| Credit enhancement fees - related party |
CreditEnhancementFeesRelatedParty
|
$11.22K | USD | 1 Quarter |
| Credit enhancement fees - related party |
CreditEnhancementFeesRelatedParty
|
$328.86K | USD | 2 Qtrs |
| Credit enhancement fees - related party |
CreditEnhancementFeesRelatedParty
|
$164.82K | USD | 1 Quarter |
| Mortgage and transaction service revenues |
RevenueOtherFinancialServices
|
$983.23K | USD | 2 Qtrs |
| Mortgage and transaction service revenues |
RevenueOtherFinancialServices
|
$857.82K | USD | 2 Qtrs |
| Mortgage and transaction service revenues |
RevenueOtherFinancialServices
|
$511.00K | USD | 1 Quarter |
| Mortgage and transaction service revenues |
RevenueOtherFinancialServices
|
$441.11K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$12.91M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$23.71M | USD | 2 Qtrs |
| Total revenues |
Revenues
|
$11.98M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$25.67M | USD | 2 Qtrs |
| Interest expense |
InterestExpenseDebt
|
$373.97K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$743.84K | USD | 2 Qtrs |
| Interest expense |
InterestExpenseDebt
|
$373.97K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$743.84K | USD | 2 Qtrs |
| Loan loss reserve |
ProvisionForLoanLossesExpensed
|
$249.27K | USD | 2 Qtrs |
| Loan loss reserve |
ProvisionForLoanLossesExpensed
|
$126.22K | USD | 1 Quarter |
| Loan loss reserve |
ProvisionForLoanLossesExpensed
|
$231.57K | USD | 2 Qtrs |
| Loan loss reserve |
ProvisionForLoanLossesExpensed
|
$116.74K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$935.34K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.11M | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.13M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.80M | USD | 2 Qtrs |
| Total expenses |
TotalExpenses
|
$1.62M | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$2.80M | USD | 2 Qtrs |
| Total expenses |
TotalExpenses
|
$3.09M | USD | 2 Qtrs |
| Total expenses |
TotalExpenses
|
$1.44M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$11.48M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.37M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$22.88M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$20.62M | USD | 2 Qtrs |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$20.50M | USD | 2 Qtrs |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$9.29M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$18.48M | USD | 2 Qtrs |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.28M | USD | 1 Quarter |
| Earnings per limited partnership unit, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$1.14 | USD | 2 Qtrs |
| Earnings per limited partnership unit, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$1.06 | USD | 2 Qtrs |
| Earnings per limited partnership unit, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.53 | USD | 1 Quarter |
| Earnings per limited partnership unit, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.57 | USD | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.42M | shares | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.36M | shares | 2 Qtrs |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.98M | shares | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.91M | shares | 2 Qtrs |
| Distributions per weighted average limited partnership units outstanding (in dollars per share) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.49 | USD | 1 Quarter |
| Distributions per weighted average limited partnership units outstanding (in dollars per share) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.50 | USD | 1 Quarter |
| Distributions per weighted average limited partnership units outstanding (in dollars per share) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.97 | USD | 2 Qtrs |
| Distributions per weighted average limited partnership units outstanding (in dollars per share) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.97 | USD | 2 Qtrs |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$11.48M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.37M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$22.88M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$20.62M | USD | 2 Qtrs |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$249.27K | USD | 2 Qtrs |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$126.22K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$231.57K | USD | 2 Qtrs |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$116.74K | USD | 1 Quarter |
| Amortization |
OtherDeferredCostAmortizationExpense
|
$224.88K | USD | 2 Qtrs |
| Amortization |
OtherDeferredCostAmortizationExpense
|
$80.27K | USD | 2 Qtrs |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$-3.07M | USD | 2 Qtrs |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$753.43K | USD | 2 Qtrs |
| Accrued interest receivable - related party |
IncreaseDecreaseInDueFromRelatedParties
|
$4.23M | USD | 2 Qtrs |
| Accrued interest receivable - related party |
IncreaseDecreaseInDueFromRelatedParties
|
$4.26M | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-35.59K | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$167.54K | USD | 2 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-4.11K | USD | 2 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-29.07K | USD | 2 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-81.60K | USD | 2 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$1.68K | USD | 2 Qtrs |
| Accrued liabilities - related party |
IncreaseDecreaseInDueToRelatedParties
|
$578.30K | USD | 2 Qtrs |
| Accrued liabilities - related party |
IncreaseDecreaseInDueToRelatedParties
|
$168.80K | USD | 2 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$19.88M | USD | 2 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$18.72M | USD | 2 Qtrs |
| Investments in mortgage notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$22.28M | USD | 2 Qtrs |
| Investments in mortgage notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$20.37M | USD | 2 Qtrs |
| Investments in mortgage notes receivable - related party |
OriginationOfNotesReceivableFromRelatedParties
|
$2.31M | USD | 2 Qtrs |
| Investments in mortgage notes receivable - related party |
OriginationOfNotesReceivableFromRelatedParties
|
$2.99M | USD | 2 Qtrs |
| Investments in participation interest - related party |
InvestmentInParticipationInterestRelatedParty
|
$806.50K | USD | 2 Qtrs |
| Investments in participation interest - related party |
InvestmentInParticipationInterestRelatedParty
|
$109.24K | USD | 2 Qtrs |
| Receipts from mortgage notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$13.14M | USD | 2 Qtrs |
| Receipts from mortgage notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$6.61M | USD | 2 Qtrs |
| Receipts from mortgage notes receivable - related party |
RepaymentOfNotesReceivableFromRelatedParties
|
$1.47M | USD | 2 Qtrs |
| Receipts from mortgage notes receivable - related party |
RepaymentOfNotesReceivableFromRelatedParties
|
$5.92M | USD | 2 Qtrs |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$4.78M | USD | 2 Qtrs |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$74.81K | USD | 2 Qtrs |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$11.54K | USD | 2 Qtrs |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$7.84K | USD | 2 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.56M | USD | 2 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-11.33M | USD | 2 Qtrs |
| Limited partner contributions |
LimitedPartnerContributions
|
$6.34K | USD | 2 Qtrs |
| Limited partner contributions |
LimitedPartnerContributions
|
- | USD | 2 Qtrs |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$-17.37M | USD | 2 Qtrs |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$-16.83M | USD | 2 Qtrs |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$5.87M | USD | 2 Qtrs |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$5.49M | USD | 2 Qtrs |
| Limited partner redemption |
LimitedPartnerRedemption
|
- | USD | 2 Qtrs |
| Limited partner redemption |
LimitedPartnerRedemption
|
$-481.35K | USD | 2 Qtrs |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-846.05K | USD | 2 Qtrs |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-1.45M | USD | 2 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-12.28M | USD | 2 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-13.33M | USD | 2 Qtrs |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-168.51K | USD | 2 Qtrs |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.73M | USD | 2 Qtrs |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.56M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.84M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$646.68K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.56M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.84M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$646.68K | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.