BMH Loan [Member]
Mortgage Loans on Real Estate, Loan Type [Axis]
BMH Lots [Member]
BMH Interest Escrow [Member]
BMH Loan Fee [Member]
Total IMA Loans
New IMA Loan (loan fee) [Member]
New IMA Loan (advances) [Member]
IMA Existing Loan [Member]
Carrying Amount
Fair Value, Hierarchy [Axis]
Estimated Fair Value
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
A Common Units
Capital Units by Class [Axis]
Notes Program [Member]
BMH Land
Pass
Financial Instrument [Axis]
Special Mention
Classified - accruing
Classified - nonaccrual
Members Capital
Total BMH Loan [Member]
New IMA Loan Loan Fee
New IMA Loan Loan Advances
Total IMA Loans [Member]
BMH Loan Construction Lot 205
Notes Offering
Debt Security [Axis]
2013
Scenario [Axis]
2014
2015
2016
2017
Borrowings [Member]
Concentration Risk Type [Axis]
Lot 5 Hamlets
Excess Paydown
Whispering Pines
Lot 5 Tuscany
2018
Loan Origination Commitments
Concentration Risk Benchmark [Axis]
Commercial Loan [Member]
Class of Financing Receivable [Axis]
Land for phases 4 and 5 [Member]
BMH Excess Paydown [Member]
BMH Construction Loan Lot 2 Windermere [Member]
BMH Construction Loan Lot 5 Tuscany [Member]
BMH Construction Loan Lot 2 Tuscany [Member]
Unearned Loan Fee [Member]
SF Loan Payable [Member]
Land for phases 3, 4, and 5 [Member]
Lot 5 Hamlets [Member]
Excess Paydown [Member]
Whispering Pines [Member]
Construction loan lot 5 Tuscany [Member]
New IMA Loan Loan Fee [Member]
New IMA Loan Loan Advances [Member]
SF Preferred Equity [Member]
Pennsylvania [Member]
Real Estate Development [Member]
Colorado [Member]
Georgia [Member]
Florida [Member]
Louisiana [Member]
New Jersey [Member]
Pennsylvania [Member]
South Carolina [Member]
Total [Member]
Affiliate Loans [Member]
DebtInstrument [Axis]
B Preferred Units
Bill Myrick [Member]
Related Party Transaction [Axis]
R Scott Summers [Member]
Walach Family Irrevocable Educational Trust [Member]
David And Carole Wallach [Member]
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement of Financial Position [Abstract]
Assets
Cash and cash equivalents
Accrued interest on loans
Deferred financing costs, net
Loans receivable, net
Other assets
Total assets
Liabilities and Members' Capital
Customer interest escrow
Accounts payable and accrued expense
Notes payable unsecured
Notes payable related party
Total liabilities
Commitments and Contingencies (Notes 4 and 8)
Series B preferred equity
Class A common equity
Members' capital
Total liabilities and members' capital
Income Statement [Abstract]
Interest Income
Interest and fee income on loans
Interest expense
Net interest income
Less: Loan loss provision
Net interest income after Loan loss provision
Non-Interest Expense
Selling, general and administrative
Total non-interest expense
Net income
Members' Equity [Abstract]
Members' capital, beginning balance
Net income
Additional capital (preferred)
Distributions to members
Members' capital, ending balance
Statement of Cash Flows [Abstract]
Cash flows from operations
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Amortization of deferred financing costs
Provision for loan losses
Net loan origination fees deferred (earned)
Net change in operating assets and liabilities
Other assets
Accrued interest on loans
Customer interest escrow
Accounts payable and accrued expenses
Net cash provided by (used in) operating activities
Cash flows from investing activities
Loan originations and principal collections, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net Proceeds from (repayment of) related party notes
Proceeds from unsecured Notes
Redemption of unsecured Notes
Payments of deferred financing costs
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents
Beginning of period
End of period
Supplemental disclosure of cash flow information
Cash paid for interest
Supplemental disclosure of noncash information
Conversion of debt to preferred equity
Reduction of debt through transfer to customer interest escrow
Organization, Consolidation and Presentation of Financial Statements [Abstract]
1. Description of Business and Basis of Presentation
Accounting Policies [Abstract]
2. Summary of Significant Accounting Policies
Fair Value Disclosures [Abstract]
3. Fair Value
Receivables [Abstract]
4. Financing Receivables
Debt Disclosure [Abstract]
5. Borrowings
Members Capital
6. Members' Capital
Related Party Transactions [Abstract]
7. Related Party Transactions
Commitments and Contingencies Disclosure [Abstract]
8. Commitments and Contingencies
Quarterly Financial Information Disclosure [Abstract]
9. Selected Quarterly Condensed Consolidated Financial Data
Selling, General and Administrative Expense [Abstract]
10. Non-Interest expense detail
Subsequent Events [Abstract]
11. Subsequent Events
Revenue Recognition
Advertising
Cash and cash equivalents
Fair Value Measurements
Loans Receivable
Allowance for Loan Losses
Deferred Financing Costs, Net
Income Taxes
Risks and uncertainties
Concentrations
Recent Accounting Pronouncements
Subsequent events
Segment Reporting
Use of Estimates
Sources of capital
Roll forward of deferred financing cost
Roll forward of accumulated amortization of deferred financing costs
Fair value measurements
Financing Receivables
Rollforward of Commercial Loans
Detail of Finance Receivables
Commercial Loans - Real Estate Development Loan Portfolio Summary
Commercial Loans - Construction Loan Porfolio Summary
Finance receivables by classification
Impairment calculation method
Roll forward of notes outstanding
Maturity of outstanding notes
Members Capital Tables
Members' Capital
Related Party Transactions Tables
Notes and accounts payable to affiliates
Quarterly financial data
Schedule of selling, general and administration expense
Capital Source
Purchase and sale agreement (executed December 24, 2014) with the Loan Purchaser which buys portions of some of our loans (those purchases are accounted for as a secured line of credit)
Secured line of credit from affiliates
Unsecured Notes through our Notes offer
Other unsecured debt
Preferred equity
Common equity
Total
Cash on hand
Total outstanding debt
Commitments to lend
Credit line availability
Rollforward of deferred financing costs
Deferred financing costs, beginning balance
Additions
Write-offs
Deferred financing costs, ending balance
Less accumulated amortization
Deferred financing costs, net
Accumulated amortization, beginning balance
Additions
Accumulated amortization, ending balance
Statement [Table]
Statement [Line Items]
Advertising costs
Concentration risk percentage
Financial Assets
Financial Liabilities
Financing receivables
Commercial loans, gross
Less: Deferred loan fees
Less: Deposits
Less: Allowance for loan losses
Commercial loans, net
Roll forward of commercial loans
Beginning balance
Additions
Payoffs/Sales
Change in builder deposit
Change in loan loss provision
New loan fees
Earned loan fees
Ending balance
Funded to borrower
Estimated collateral values
Estimated collateral values, preferred equity
Estimated collateral values, interest escrow
Real estate development loan portfolio summary
Number of borrowers
Number of loans
Value of collateral
Commitment amount
Amount outstanding
Loan to value ratio
Unrecognized loan fee
Summary of loan portfolio to builders for home construction
Loan to value ratio
Loan fee percentage of commitment
Loans receivable, net
Individually evaluated
Collectively Evaluated
Total
Notes outstanding rollforward
Notes outstanding, beginning of period
Notes issued
Note repayments / redemptions
Notes outstanding, end of period
2015
2016
2017
2018
Total
Debt Instrument [Axis]
Interest rate
Maximum availability
Amount borrowed
Line of credit remaining availability
Interest expense
Weighted average balance of affiliate borrowings
Unsecured loan outstanding
Notes outstanding
Members' Capital
Relationship
Amount invested
Weighted average interest rate
Commitments And Contingencies Detail Narratives
Unfunded Commitments to extend credit
Net interest income
SG&A expense
Net Income (Loss)
Legal and Accounting
Salaries and related expenses
Website - Management Information Systems ("MIS")
Board related expenses
Advertising
Rent and Utilities
Printing
Other
Total SG&A
Common units member
Additions to commercial loans
Affiliate loans member
BMH 10 lots member
BMH interest escrow member
BMH land member
BMH loan fee member
BMH Loan member
Carrying amount
Classified accruing member
Classified - nonaccrual member
Estimated collateral values
Financial assets abstract
IMA Advances member
IMA existing loan member
IMA loan fee member
IMA loan member
Members' Capital disclosure text block
Notes program member
Shepherd's Finance repayments (from payoffs/sales)
Roll forward of deferred financing costs
SF loan member
Schedule of Members' Equity capital balances table text block.
Unearned loan fee member
Roll forward of accumulated amortization of deferred financing costs
Change in builder deposit
Conversion of debt to preferred equity
Sources of capital
Total sources of capital
Rollforward of deferred financing costs
Financing receivables rollforward
Roll forward of commercial loans
Commercial Loans - Real Estate Development Loan Portfolio Summary
Commercial Loans - Construction Loan Porfolio Summary
Finance receivables by classification
Real estate development loan portfolio summary
Number of borrowers
Value of collateral
Unrecognized loan fee
Summary of loan portfolio to builders for home construction
Loan fee percentage of commitment
Notes outstanding rollforward
Weighted average balance of affiliate borrowings
Board related expenses
Website / Management Information Systems (“MIS”)
Sources of capital table disclosure
Rollforward of Commercial Loans table text block
Detail of Finance Receivables table text block
Roll forward of notes outstanding table text block
Estimated collateral values, preferred equity
Estimated collateral values, interest escrow
loan to value ratio
Pennsylvania1Member
Assets [Default Label]
Liabilities
Members' Capital [Default Label]
Liabilities and Equity
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid
Amortization of Deferred Loan Origination Fees, Net
Increase (Decrease) in Other Operating Assets
Increase (Decrease) in Accrued Interest Receivable, Net
Increase (Decrease) in Deposits
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Repayments of Unsecured Debt
Payments of Debt Issuance Costs
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]
SourcesOfCapital
Deferred Finance Costs, Gross
Interest Costs Capitalized Adjustment
Accumulated Amortization, Deferred Finance Costs
Deferred Finance Costs, Net
Amortization of Financing Costs and Discounts
Loans and Leases Receivable, Deferred Income
Noninterest-bearing Deposit Liabilities, Domestic
Loans and Leases Receivable, Allowance
Payments to Acquire Notes Receivable
Proceeds from Collection of Notes Receivable
Interest and Fee Income, Loans, Commercial
LoanToValueRatio
Loans and Leases Receivable, Net Amount
Repayments of Notes Payable
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year
Long-term Debt, Maturities, Repayments of Principal in Year Two
Long-term Debt, Maturities, Repayments of Principal in Year Three
Long-term Debt, Maturities, Repayments of Principal in Year Four
Interest Expense, Related Party
Members' Equity
Advertising Expense
AdditionsToCommercialLoans
RepaymentsFromPayoffsSales
ChangeInBuilderDeposit