10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-15-031333 |
| Period End Date | 20150331 |
| Filing Date | 20150515 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | cik0001335732-20150331.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
|
$790.96K | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
19.55M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$241.16K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.97M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.11M | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
19.64M | shares | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
19.55M | shares | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
19.64M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.39M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.38M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$12.75M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$9.54M | USD | Point-in-time |
| Accrued interest receivable - related parties |
AccruedInterestReceivablesRelatedParty
|
$349.66K | USD | Point-in-time |
| Accrued interest receivable - related parties |
AccruedInterestReceivablesRelatedParty
|
$1.06M | USD | Point-in-time |
| Accounts receivable - related parties |
AccountsReceivableRelatedParties
|
$347.06K | USD | Point-in-time |
| Accounts receivable - related parties |
AccountsReceivableRelatedParties
|
$357.42K | USD | Point-in-time |
| Notes receivable, net |
NotesReceivableNet
|
$280.73M | USD | Point-in-time |
| Notes receivable, net |
NotesReceivableNet
|
$284.75M | USD | Point-in-time |
| Notes receivable - related parties, net |
NotesReceivableRelatedParties
|
$16.40M | USD | Point-in-time |
| Notes receivable - related parties, net |
NotesReceivableRelatedParties
|
$16.41M | USD | Point-in-time |
| Participation interest - related party, net |
ParticipationInterestRelatedPartyNet
|
$72.21M | USD | Point-in-time |
| Participation interest - related party, net |
ParticipationInterestRelatedPartyNet
|
$74.69M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$184.88K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$139.99K | USD | Point-in-time |
| Total assets |
Assets
|
$384.42M | USD | Point-in-time |
| Total assets |
Assets
|
$389.31M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$247.89K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$283.41K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$336.80K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$323.73K | USD | Point-in-time |
| Accrued liabilities - related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$2.47M | USD | Point-in-time |
| Accrued liabilities - related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$2.79M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$3.97M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$3.19M | USD | Point-in-time |
| Lines-of-credit |
LineOfCredit
|
$11.25M | USD | Point-in-time |
| Lines-of-credit |
LineOfCredit
|
$11.25M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$17.48M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$18.64M | 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; 19,644,957 units issued and outstanding at March 31, 2015 and 19,545,922 units issued and outstanding at December 31, 2014 |
LimitedPartnersCapitalAccount
|
$366.47M | USD | Point-in-time |
| Limited partners capital: 22,500,000 units authorized; 19,644,957 units issued and outstanding at March 31, 2015 and 19,545,922 units issued and outstanding at December 31, 2014 |
LimitedPartnersCapitalAccount
|
$370.25M | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$468.30K | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$426.31K | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$366.94M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$370.67M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$384.42M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$389.31M | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income |
InterestIncomeOperating
|
$9.66M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$10.54M | USD | 1 Quarter |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$2.27M | USD | 1 Quarter |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$2.55M | USD | 1 Quarter |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$84.01K | USD | 1 Quarter |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$66.22K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$190.31K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$96.37K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$12.40M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$13.07M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$216.85K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$169.08K | USD | 1 Quarter |
| Provision for loan loss |
ProvisionForLoanLossesExpensed
|
$134.74K | USD | 1 Quarter |
| Provision for loan loss |
ProvisionForLoanLossesExpensed
|
- | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$232.63K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$416.25K | USD | 1 Quarter |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$396.17K | USD | 1 Quarter |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$436.73K | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$1.02M | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$980.39K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$11.42M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$12.04M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.79M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.23M | USD | 1 Quarter |
| Earnings per weighted average limited partnership units outstanding, basic and diluted (in dollars per units) |
EarningsPerShareBasic
|
$0.55 | USD | 1 Quarter |
| Earnings per weighted average limited partnership units outstanding, basic and diluted (in dollars per units) |
EarningsPerShareBasic
|
$0.53 | USD | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
19.60M | shares | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
19.18M | shares | 1 Quarter |
| Distributions per weighted average limited partnership units outstanding (in dollars per units) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.48 | USD | 1 Quarter |
| Distributions per weighted average limited partnership units outstanding (in dollars per units) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.48 | USD | 1 Quarter |
Cash Flow Statement
63 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$11.42M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$12.04M | USD | 1 Quarter |
| Provision for loan loss |
ProvisionForLoanLossesExpensed
|
$134.74K | USD | 1 Quarter |
| Provision for loan loss |
ProvisionForLoanLossesExpensed
|
- | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$44.13K | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$50.33K | USD | 1 Quarter |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$3.21M | USD | 1 Quarter |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$2.91M | USD | 1 Quarter |
| Accrued interest receivable - related parties |
IncreaseDecreaseInAccruedInterestReceivableRelatedParty
|
$1.73M | USD | 1 Quarter |
| Accrued interest receivable - related parties |
IncreaseDecreaseInAccruedInterestReceivableRelatedParty
|
$712.70K | USD | 1 Quarter |
| Accounts receivable - related parties |
IncreaseDecreaseInAccountsReceivableRelatedParty
|
$-1.17K | USD | 1 Quarter |
| Accounts receivable - related parties |
IncreaseDecreaseInAccountsReceivableRelatedParty
|
$10.36K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$151.44K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$5.45K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$35.53K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-86.30K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-5.09K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$13.07K | USD | 1 Quarter |
| Accrued liabilities - related parties |
IncreaseDecreaseInDueToRelatedParties
|
$324.74K | USD | 1 Quarter |
| Accrued liabilities - related parties |
IncreaseDecreaseInDueToRelatedParties
|
$337.50K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$298.30M | USD | 39 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$7.04M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.53M | USD | 1 Quarter |
| Investments in notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$5.02M | USD | 1 Quarter |
| Investments in notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$3.42M | USD | 1 Quarter |
| Investments in notes receivable - related parties |
OriginationOfNotesReceivableFromRelatedParties
|
$78.80K | USD | 1 Quarter |
| Investments in notes receivable - related parties |
OriginationOfNotesReceivableFromRelatedParties
|
$8.27K | USD | 1 Quarter |
| Investments in participation interest - related party |
InvestmentsInParticipationInterestRelatedParty
|
$2.29K | USD | 1 Quarter |
| Investments in participation interest - related party |
InvestmentsInParticipationInterestRelatedParty
|
- | USD | 1 Quarter |
| Receipts from notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$2.54M | USD | 1 Quarter |
| Receipts from notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$1.00M | USD | 1 Quarter |
| Receipts from notes receivable - related parties |
RepaymentOfNotesReceivableFromRelatedParties
|
$3.17K | USD | 1 Quarter |
| Receipts from notes receivable - related parties |
RepaymentOfNotesReceivableFromRelatedParties
|
$1.67M | USD | 1 Quarter |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$2.48M | USD | 1 Quarter |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
- | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$2.38K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$2.05K | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$702.77K | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.55M | USD | 1 Quarter |
| Limited partner distributions, net of limited partner distribution reinvestment |
PaymentsOfDistributionReinvestment
|
$6.82M | USD | 1 Quarter |
| Limited partner distributions, net of limited partner distribution reinvestment |
PaymentsOfDistributionReinvestment
|
$7.02M | USD | 1 Quarter |
| Limited partner redemptions |
PaymentsOfLimitedPartnerRedemption
|
- | USD | 1 Quarter |
| Limited partner redemptions |
PaymentsOfLimitedPartnerRedemption
|
$91.40K | USD | 1 Quarter |
| General partner distributions |
PaymentsOfGeneralPartnerContributions
|
$508.36K | USD | 1 Quarter |
| General partner distributions |
PaymentsOfGeneralPartnerContributions
|
$697.48K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.53M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.61M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-549.80K | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$138.71K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$790.96K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$241.16K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.97M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.11M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$790.96K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$241.16K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.97M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.11M | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
$291.78K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$122.92K | USD | 1 Quarter |
| Limited partner distribution reinvestment |
LimitedPartnerDistributionReinvestment
|
$2.38M | USD | 1 Quarter |
| Limited partner distribution reinvestment |
LimitedPartnerDistributionReinvestment
|
$2.38M | USD | 1 Quarter |
| Distributions accrued but not paid |
DividendsAccruedButNotPaid
|
- | USD | 1 Quarter |
| Distributions accrued but not paid |
DividendsAccruedButNotPaid
|
$783.86K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.