10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-11-064010 |
| Period End Date | 20110930 |
| Filing Date | 20111114 |
| Fiscal Year | 2011 |
| Fiscal Period | Q3 |
| XBRL Instance | udf-20110930.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 |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
17.78M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
18.19M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$895.88K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$676.41K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.56M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.50M | USD | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
18.19M | shares | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
17.78M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.51M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$11.49M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$5.83M | USD | Point-in-time |
| Accrued interest receivable - related party |
AccruedInterestReceivablesRelatedParty
|
$903.73K | USD | Point-in-time |
| Accrued interest receivable - related party |
AccruedInterestReceivablesRelatedParty
|
$2.33M | USD | Point-in-time |
| Mortgage notes receivable, net |
NotesReceivableNet
|
$220.80M | USD | Point-in-time |
| Mortgage notes receivable, net |
NotesReceivableNet
|
$225.27M | USD | Point-in-time |
| Mortgage notes receivable - related party |
NotesReceivableRelatedParties
|
$52.52M | 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
|
$66.19M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$245.35K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$104.61K | USD | Point-in-time |
| Total assets |
Assets
|
$344.00M | USD | Point-in-time |
| Total assets |
Assets
|
$358.89M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$175.78K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$172.93K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$164.94K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$135.02K | USD | Point-in-time |
| Accrued liabilities - related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$3.68M | USD | Point-in-time |
| Accrued liabilities - related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$4.24M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$4.41M | 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
|
$23.97M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$22.00M | 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; 18,193,381 units issued and outstanding at September 30, 2011 and 17,782,903 units issued and outstanding at December 31, 2010 |
LimitedPartnersCapitalAccount
|
$334.55M | USD | Point-in-time |
| Limited partners' capital: 22,500,000 units authorized; 18,193,381 units issued and outstanding at September 30, 2011 and 17,782,903 units issued and outstanding at December 31, 2010 |
LimitedPartnersCapitalAccount
|
$321.92M | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$379.01K | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$79.85K | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$322.00M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$334.93M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$344.00M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$358.89M | USD | Point-in-time |
Income Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income |
InterestIncomeOperating
|
$23.89M | USD | 3 Qtrs |
| Interest income |
InterestIncomeOperating
|
$8.20M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$8.49M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$25.47M | USD | 3 Qtrs |
| Interest income - related party |
InterestIncomeRelatedParty
|
$10.75M | USD | 3 Qtrs |
| Interest income - related party |
InterestIncomeRelatedParty
|
$11.14M | USD | 3 Qtrs |
| Interest income - related party |
InterestIncomeRelatedParty
|
$3.62M | USD | 1 Quarter |
| Interest income - related party |
InterestIncomeRelatedParty
|
$3.76M | USD | 1 Quarter |
| Mortgage and transaction service revenues |
RevenueOtherFinancialServices
|
$1.06M | USD | 3 Qtrs |
| Mortgage and transaction service revenues |
RevenueOtherFinancialServices
|
$267.56K | USD | 1 Quarter |
| Mortgage and transaction service revenues |
RevenueOtherFinancialServices
|
$1.04M | USD | 3 Qtrs |
| Mortgage and transaction service revenues |
RevenueOtherFinancialServices
|
$404.28K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related party |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$573.08K | USD | 3 Qtrs |
| Mortgage and transaction service revenues - related party |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$808.19K | USD | 3 Qtrs |
| Mortgage and transaction service revenues - related party |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$329.16K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related party |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$288.98K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$12.81M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$36.26M | USD | 3 Qtrs |
| Total revenues |
Revenues
|
$38.49M | USD | 3 Qtrs |
| Total revenues |
Revenues
|
$12.55M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$1.12M | USD | 3 Qtrs |
| Interest expense |
InterestExpenseDebt
|
$378.08K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$378.08K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$1.12M | USD | 3 Qtrs |
| Loan loss reserve |
ProvisionForLoanLossesExpensed
|
$87.57K | USD | 1 Quarter |
| Loan loss reserve |
ProvisionForLoanLossesExpensed
|
$128.80K | USD | 1 Quarter |
| Loan loss reserve |
ProvisionForLoanLossesExpensed
|
$378.07K | USD | 3 Qtrs |
| Loan loss reserve |
ProvisionForLoanLossesExpensed
|
$319.13K | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$855.08K | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$753.43K | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$245.51K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$285.43K | USD | 1 Quarter |
| General and administrative - related party |
GeneralAndAdministrativeExpenseRelatedParty
|
$2.23M | USD | 3 Qtrs |
| General and administrative - related party |
GeneralAndAdministrativeExpenseRelatedParty
|
$730.84K | USD | 1 Quarter |
| General and administrative - related party |
GeneralAndAdministrativeExpenseRelatedParty
|
$679.33K | USD | 1 Quarter |
| General and administrative - related party |
GeneralAndAdministrativeExpenseRelatedParty
|
$2.01M | USD | 3 Qtrs |
| Total expenses |
TotalExpenses
|
$4.27M | USD | 3 Qtrs |
| Total expenses |
TotalExpenses
|
$1.44M | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$4.53M | USD | 3 Qtrs |
| Total expenses |
TotalExpenses
|
$1.47M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$34.22M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$11.34M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$31.73M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$11.11M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$9.96M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.16M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$30.67M | USD | 3 Qtrs |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$28.44M | USD | 3 Qtrs |
| Earnings per limited partnership unit, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$1.71 | USD | 3 Qtrs |
| Earnings per limited partnership unit, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.56 | USD | 1 Quarter |
| Earnings per limited partnership unit, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.57 | USD | 1 Quarter |
| Earnings per limited partnership unit, basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$1.63 | USD | 3 Qtrs |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.56M | shares | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.98M | shares | 3 Qtrs |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.42M | shares | 3 Qtrs |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
18.11M | shares | 1 Quarter |
| 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
|
$1.46 | USD | 3 Qtrs |
| Distributions per weighted average limited partnership units outstanding (in dollars per share) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$1.46 | USD | 3 Qtrs |
| Distributions per weighted average limited partnership units outstanding (in dollars per share) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.49 | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$34.22M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$11.34M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$31.73M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$11.11M | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$87.57K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$128.80K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$378.07K | USD | 3 Qtrs |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$319.13K | USD | 3 Qtrs |
| Amortization |
OtherDeferredCostAmortizationExpense
|
$120.45K | USD | 3 Qtrs |
| Amortization |
OtherDeferredCostAmortizationExpense
|
$264.21K | USD | 3 Qtrs |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$5.66M | USD | 3 Qtrs |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$1.46M | USD | 3 Qtrs |
| Accrued interest receivable - related party |
IncreaseDecreaseInDueFromRelatedParties
|
$-1.47M | USD | 3 Qtrs |
| Accrued interest receivable - related party |
IncreaseDecreaseInDueFromRelatedParties
|
$-1.42M | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$187.33K | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-20.29K | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-2.85K | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-4.11K | USD | 3 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$80.70K | USD | 3 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-29.92K | USD | 3 Qtrs |
| Accrued liabilities - related party |
IncreaseDecreaseInDueToRelatedParties
|
$545.16K | USD | 3 Qtrs |
| Accrued liabilities - related party |
IncreaseDecreaseInDueToRelatedParties
|
$564.49K | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$31.03M | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$32.76M | USD | 3 Qtrs |
| Investments in mortgage notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$18.23M | USD | 3 Qtrs |
| Investments in mortgage notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$28.57M | USD | 3 Qtrs |
| Investments in mortgage notes receivable - related party |
OriginationOfNotesReceivableFromRelatedParties
|
$3.89M | USD | 3 Qtrs |
| Investments in mortgage notes receivable - related party |
OriginationOfNotesReceivableFromRelatedParties
|
$4.31M | USD | 3 Qtrs |
| Investments in participation interest - related party |
InvestmentInParticipationInterestRelatedParty
|
$8.45M | USD | 3 Qtrs |
| Investments in participation interest - related party |
InvestmentInParticipationInterestRelatedParty
|
$7.94M | USD | 3 Qtrs |
| Receipts from mortgage notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$16.01M | USD | 3 Qtrs |
| Receipts from mortgage notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$13.39M | USD | 3 Qtrs |
| Receipts from mortgage notes receivable - related party |
RepaymentOfNotesReceivableFromRelatedParties
|
$744.96K | USD | 3 Qtrs |
| Receipts from mortgage notes receivable - related party |
RepaymentOfNotesReceivableFromRelatedParties
|
$5.99M | USD | 3 Qtrs |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$114.23K | USD | 3 Qtrs |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$4.78M | USD | 3 Qtrs |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$11.84K | USD | 3 Qtrs |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$17.42K | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-19.30M | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-11.09M | USD | 3 Qtrs |
| Limited partner contributions |
LimitedPartnerContributions
|
$6.34K | USD | 3 Qtrs |
| Limited partner contributions |
LimitedPartnerContributions
|
- | USD | 3 Qtrs |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$-26.25M | USD | 3 Qtrs |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$-25.44M | USD | 3 Qtrs |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$8.21M | USD | 3 Qtrs |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$8.71M | USD | 3 Qtrs |
| Limited partner redemptions |
LimitedPartnerRedemption
|
- | USD | 3 Qtrs |
| Limited partner redemptions |
LimitedPartnerRedemption
|
$-481.35K | USD | 3 Qtrs |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-1.82M | USD | 3 Qtrs |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-1.15M | USD | 3 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-18.35M | USD | 3 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-19.86M | USD | 3 Qtrs |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$80.68K | USD | 3 Qtrs |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.89M | USD | 3 Qtrs |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$895.88K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$676.41K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.56M | 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
|
$895.88K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$676.41K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.56M | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
$747.95K | USD | 3 Qtrs |
| Cash paid for interest |
InterestPaid
|
$1.13M | USD | 3 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.