10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-12-028961 |
| Period End Date | 20120331 |
| Filing Date | 20120515 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | udf-20120331.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
|
$1.01M | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
18.33M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.73M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.14M | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
18.46M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.52M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.52M | USD | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
18.33M | shares | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
18.46M | shares | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$7.62M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$6.21M | USD | Point-in-time |
| Accrued interest receivable - related party |
AccruedInterestReceivablesRelatedParty
|
$2.78M | USD | Point-in-time |
| Accrued interest receivable - related party |
AccruedInterestReceivablesRelatedParty
|
$6.04M | USD | Point-in-time |
| Mortgage notes receivable, net |
NotesReceivableNet
|
$225.88M | USD | Point-in-time |
| Mortgage notes receivable, net |
NotesReceivableNet
|
$224.47M | USD | Point-in-time |
| Mortgage notes receivable - related party, net |
NotesReceivableRelatedParties
|
$52.80M | USD | Point-in-time |
| Mortgage notes receivable - related party, net |
NotesReceivableRelatedParties
|
$52.03M | USD | Point-in-time |
| Participation interest - related party, net |
InterestOnParticipationRelatedParty
|
$66.15M | USD | Point-in-time |
| Participation interest - related party, net |
InterestOnParticipationRelatedParty
|
$66.11M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$83.70K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$58.23K | USD | Point-in-time |
| Total assets |
Assets
|
$355.98M | USD | Point-in-time |
| Total assets |
Assets
|
$361.05M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$193.29K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$155.11K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$168.72K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$205.47K | USD | Point-in-time |
| Accrued liabilities - related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$3.76M | USD | Point-in-time |
| Accrued liabilities - related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$3.51M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$1.86M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$1.55M | 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
|
$20.46M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$20.94M | 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; 18,456,941 units issued and outstanding at March 31, 2012 and 18,326,511 units issued and outstanding at December 31, 2011 |
LimitedPartnersCapitalAccount
|
$339.69M | USD | Point-in-time |
| Limited partners' capital: 22,500,000 units authorized; 18,456,941 units issued and outstanding at March 31, 2012 and 18,326,511 units issued and outstanding at December 31, 2011 |
LimitedPartnersCapitalAccount
|
$335.49M | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$34.36K | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$415.35K | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$335.52M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$340.11M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$361.05M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$355.98M | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income |
InterestIncomeOperating
|
$8.43M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$8.78M | USD | 1 Quarter |
| Interest income - related party |
InterestIncomeRelatedParty
|
$3.70M | USD | 1 Quarter |
| Interest income - related party |
InterestIncomeRelatedParty
|
$4.03M | USD | 1 Quarter |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$377.05K | USD | 1 Quarter |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$85.68K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related party |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$212.91K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related party |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$259.21K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$12.76M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$13.11M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$369.86K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$373.97K | USD | 1 Quarter |
| Loan loss reserve expense |
ProvisionForLoanLossesExpensed
|
$123.05K | USD | 1 Quarter |
| Loan loss reserve expense |
ProvisionForLoanLossesExpensed
|
$139.94K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$203.52K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$184.53K | USD | 1 Quarter |
| General and administrative - related party |
GeneralAndAdministrativeExpenseRelatedParty
|
$688.04K | USD | 1 Quarter |
| General and administrative - related party |
GeneralAndAdministrativeExpenseRelatedParty
|
$663.88K | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$1.36M | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$1.39M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$11.73M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$11.40M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.22M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.51M | 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
|
$0.57 | USD | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
18.38M | shares | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.84M | shares | 1 Quarter |
| Distributions per weighted average limited partnership units outstanding (in dollars per shares) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.48 | USD | 1 Quarter |
| Distributions per weighted average limited partnership units outstanding (in dollars per shares) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.48 | USD | 1 Quarter |
Cash Flow Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$11.73M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$11.40M | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$123.05K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$139.94K | USD | 1 Quarter |
| Amortization |
OtherDeferredCostAmortizationExpense
|
$40.12K | USD | 1 Quarter |
| Amortization |
OtherDeferredCostAmortizationExpense
|
$41.81K | USD | 1 Quarter |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$4.06M | USD | 1 Quarter |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$1.41M | USD | 1 Quarter |
| Accrued interest receivable - related party |
IncreaseDecreaseInDueFromRelatedParties
|
$3.26M | USD | 1 Quarter |
| Accrued interest receivable - related party |
IncreaseDecreaseInDueFromRelatedParties
|
$2.62M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$16.34K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$14.26K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-14.21K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-38.19K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$3.50K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-36.75K | USD | 1 Quarter |
| Accrued liabilities - related party |
IncreaseDecreaseInDueToRelatedParties
|
$504.72K | USD | 1 Quarter |
| Accrued liabilities - related party |
IncreaseDecreaseInDueToRelatedParties
|
$253.19K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$7.40M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$5.36M | USD | 1 Quarter |
| Investments in mortgage notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$10.83M | USD | 1 Quarter |
| Investments in mortgage notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$6.73M | USD | 1 Quarter |
| Investments in mortgage notes receivable - related party |
OriginationOfNotesReceivableFromRelatedParties
|
$1.12M | USD | 1 Quarter |
| Investments in mortgage notes receivable - related party |
OriginationOfNotesReceivableFromRelatedParties
|
$962.85K | USD | 1 Quarter |
| Receipts from mortgage notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$7.04M | USD | 1 Quarter |
| Receipts from mortgage notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$5.18M | USD | 1 Quarter |
| Receipts from mortgage notes receivable - related party |
RepaymentOfNotesReceivableFromRelatedParties
|
$5.66M | USD | 1 Quarter |
| Receipts from mortgage notes receivable - related party |
RepaymentOfNotesReceivableFromRelatedParties
|
$343.43K | USD | 1 Quarter |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$39.43K | USD | 1 Quarter |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$39.25K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$3.90K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$3.98K | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$937.98K | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.29M | USD | 1 Quarter |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$-8.55M | USD | 1 Quarter |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$-8.91M | USD | 1 Quarter |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$2.61M | USD | 1 Quarter |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$2.73M | USD | 1 Quarter |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-528.00K | USD | 1 Quarter |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-150.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-5.97M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-6.83M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.72M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$328.00K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.01M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.73M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.14M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.01M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.73M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.14M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
$369.86K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$373.97K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.