10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-12-062132 |
| Period End Date | 20120930 |
| Filing Date | 20121114 |
| Fiscal Year | 2012 |
| Fiscal Period | Q3 |
| XBRL Instance | udf-20120930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 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
|
$2.73M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$815.19K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$946.97K | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
18.33M | shares | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
18.70M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$895.88K | USD | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
18.70M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.52M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.53M | USD | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
18.33M | shares | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$6.21M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$4.64M | USD | Point-in-time |
| Accrued interest receivable - related parties |
AccruedInterestReceivablesRelatedParty
|
$2.62M | USD | Point-in-time |
| Accrued interest receivable - related parties |
AccruedInterestReceivablesRelatedParty
|
$1.26M | USD | Point-in-time |
| Accounts receivable - related parties |
AccountsReceivableRelatedParties
|
$160.55K | USD | Point-in-time |
| Accounts receivable - related parties |
AccountsReceivableRelatedParties
|
$285.83K | USD | Point-in-time |
| Mortgage notes receivable, net |
NotesReceivableNet
|
$231.36M | USD | Point-in-time |
| Mortgage notes receivable, net |
NotesReceivableNet
|
$224.47M | USD | Point-in-time |
| Mortgage notes receivable - related parties, net |
NotesReceivableRelatedParties
|
$50.20M | USD | Point-in-time |
| Mortgage notes receivable - related parties, net |
NotesReceivableRelatedParties
|
$52.03M | USD | Point-in-time |
| Participation interest - related party, net |
ParticipationInterestRelatedPartyNet
|
$75.23M | USD | Point-in-time |
| Participation interest - related party, net |
ParticipationInterestRelatedPartyNet
|
$66.15M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$121.25K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$83.70K | USD | Point-in-time |
| Total assets |
Assets
|
$355.98M | USD | Point-in-time |
| Total assets |
Assets
|
$365.58M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$193.29K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$125.92K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$144.41K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$205.47K | USD | Point-in-time |
| Accrued liabilities - related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$3.51M | USD | Point-in-time |
| Accrued liabilities - related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$3.14M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$1.55M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$706.29K | USD | Point-in-time |
| Line-of-credit |
LineOfCredit
|
$15.00M | USD | Point-in-time |
| Line-of-credit |
LineOfCredit
|
$13.75M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$17.87M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$20.46M | 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; 18,700,601 units issued and outstanding at September 30, 2012 and 18,326,511 units issued and outstanding at December 31, 2011 |
LimitedPartnersCapitalAccount
|
$347.31M | USD | Point-in-time |
| Limited partners' capital: 22,500,000 units authorized; 18,700,601 units issued and outstanding at September 30, 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
|
$398.08K | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$34.36K | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$347.71M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$335.52M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$365.58M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$355.98M | USD | Point-in-time |
Income Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income |
InterestIncomeOperating
|
$9.07M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$8.49M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$26.63M | USD | 3 Qtrs |
| Interest income |
InterestIncomeOperating
|
$25.47M | USD | 3 Qtrs |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$3.98M | USD | 1 Quarter |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$12.03M | USD | 3 Qtrs |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$11.14M | USD | 3 Qtrs |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$15.20M | USD | Annual |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$3.76M | USD | 1 Quarter |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$341.01K | USD | 3 Qtrs |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$1.06M | USD | 3 Qtrs |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$89.08K | USD | 1 Quarter |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$267.56K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$513.13K | USD | 3 Qtrs |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$134.55K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$1.00M | USD | Annual |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$808.19K | USD | 3 Qtrs |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$288.98K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$13.27M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$39.51M | USD | 3 Qtrs |
| Total revenues |
Revenues
|
$12.81M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$38.49M | USD | 3 Qtrs |
| Interest expense |
InterestExpenseDebt
|
$1.12M | USD | 3 Qtrs |
| Interest expense |
InterestExpenseDebt
|
$378.08K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$374.31K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$1.12M | USD | 3 Qtrs |
| Loan loss reserve expense |
ProvisionForLoanLossesExpensed
|
$128.80K | USD | 1 Quarter |
| Loan loss reserve expense |
ProvisionForLoanLossesExpensed
|
$378.07K | USD | 3 Qtrs |
| Loan loss reserve expense |
ProvisionForLoanLossesExpensed
|
$142.55K | USD | 1 Quarter |
| Loan loss reserve expense |
ProvisionForLoanLossesExpensed
|
$422.33K | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$753.43K | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$795.14K | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$233.49K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$285.43K | USD | 1 Quarter |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$2.06M | USD | 3 Qtrs |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$2.01M | USD | 3 Qtrs |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$2.70M | USD | Annual |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$688.01K | USD | 1 Quarter |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$679.33K | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$4.40M | USD | 3 Qtrs |
| Total expenses |
TotalExpenses
|
$4.27M | USD | 3 Qtrs |
| Total expenses |
TotalExpenses
|
$1.47M | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$1.44M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$183.20M | USD | 29 Qtrs |
| Net income |
NetIncomeLoss
|
$34.22M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$11.83M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$35.11M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$11.34M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.60M | 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
|
$31.46M | 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
|
$1.70 | USD | 3 Qtrs |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
18.62M | shares | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
18.50M | shares | 3 Qtrs |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
17.98M | 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
|
$1.46 | USD | 3 Qtrs |
| Distributions per weighted average limited partnership units outstanding (in dollars per share) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$1.47 | USD | 3 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
|
$0.49 | USD | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$183.20M | USD | 29 Qtrs |
| Net income |
NetIncomeLoss
|
$34.22M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$11.83M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$35.11M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$11.34M | 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
|
$142.55K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$422.33K | USD | 3 Qtrs |
| Amortization |
OtherDeferredCostAmortizationExpense
|
$108.77K | USD | 3 Qtrs |
| Amortization |
OtherDeferredCostAmortizationExpense
|
$120.45K | USD | 3 Qtrs |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$5.66M | USD | 3 Qtrs |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$-1.57M | USD | 3 Qtrs |
| Accrued interest receivable - related parties |
IncreaseDecreaseInAccruedInterestReceivableRelatedParty
|
$-1.36M | USD | 3 Qtrs |
| Accrued interest receivable - related parties |
IncreaseDecreaseInAccruedInterestReceivableRelatedParty
|
$-1.40M | USD | 3 Qtrs |
| Accounts receivable - related parties |
IncreaseDecreaseInAccountsReceivableRelatedParty
|
$-26.07K | USD | 3 Qtrs |
| Accounts receivable - related parties |
IncreaseDecreaseInAccountsReceivableRelatedParty
|
$125.28K | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$146.31K | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-20.29K | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-67.37K | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-2.85K | USD | 3 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-61.06K | USD | 3 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-29.92K | USD | 3 Qtrs |
| Accrued liabilities - related parties |
IncreaseDecreaseInDueToRelatedParties
|
$564.49K | USD | 3 Qtrs |
| Accrued liabilities - related parties |
IncreaseDecreaseInDueToRelatedParties
|
$-364.02K | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$37.80M | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$31.03M | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$189.00M | USD | 29 Qtrs |
| Investments in mortgage notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$18.23M | USD | 3 Qtrs |
| Investments in mortgage notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$20.21M | USD | 3 Qtrs |
| Investments in mortgage notes receivable - related parties |
OriginationOfNotesReceivableFromRelatedParties
|
$3.60M | USD | 3 Qtrs |
| Investments in mortgage notes receivable - related parties |
OriginationOfNotesReceivableFromRelatedParties
|
$3.89M | USD | 3 Qtrs |
| Investments in participation interest - related party |
InvestmentsInParticipationInterestRelatedParty
|
$-8.45M | USD | 3 Qtrs |
| Investments in participation interest - related party |
InvestmentsInParticipationInterestRelatedParty
|
$-9.20M | USD | 3 Qtrs |
| Receipts from mortgage notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$13.39M | USD | 3 Qtrs |
| Receipts from mortgage notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$12.89M | USD | 3 Qtrs |
| Receipts from mortgage notes receivable - related parties |
RepaymentOfNotesReceivableFromRelatedParties
|
$5.43M | USD | 3 Qtrs |
| Receipts from mortgage notes receivable - related parties |
RepaymentOfNotesReceivableFromRelatedParties
|
$5.99M | USD | 3 Qtrs |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$118.28K | USD | 3 Qtrs |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$114.23K | USD | 3 Qtrs |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$11.97K | USD | 3 Qtrs |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$11.84K | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-11.09M | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-14.57M | USD | 3 Qtrs |
| Net payments on line-of-credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
- | USD | 3 Qtrs |
| Net payments on line-of-credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-1.25M | USD | 3 Qtrs |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$-26.25M | USD | 3 Qtrs |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$-27.12M | USD | 3 Qtrs |
| Limited partner distributions |
LimitedPartnersCapitalAccountDistributionAmount
|
$151.60M | USD | 29 Qtrs |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$50.70M | USD | 29 Qtrs |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$7.83M | USD | 3 Qtrs |
| Limited partner distribution reinvestment |
DistributionReinvestment
|
$8.21M | USD | 3 Qtrs |
| Limited partner redemptions |
LimitedPartnerRedemption
|
$-349.00K | USD | 3 Qtrs |
| Limited partner redemptions |
LimitedPartnerRedemption
|
- | USD | 3 Qtrs |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-1.82M | USD | 3 Qtrs |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-4.13M | USD | 3 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-25.02M | USD | 3 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-19.86M | USD | 3 Qtrs |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.79M | USD | 3 Qtrs |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$80.68K | USD | 3 Qtrs |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.73M | 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
|
$946.97K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$895.88K | 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
|
$815.19K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$946.97K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$895.88K | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
$1.13M | 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.