BMH Loan
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)
New IMA Loan (advances)
IMA Existing Loan [Member]
Unearned Loan Fee [Member]
SF Loan
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]
A Units
B Units
Voting Member
Affiliate Loans
Notes Program
Pass
Financial Instrument [Axis]
Special Mention
Classified - accruing
Classified - nonaccrual
Members Capital
Total BMH Loan [Member]
New IMA Loan Loan Fee [Member]
New IMA Loan Loan Advances [Member]
Total IMA Loans [Member]
Loan Commitments [Member]
Concentration Risk Benchmark [Axis]
Lot 5 Hamlets
Excess Paydown
Whispering Pines
Construction loan lot 2 Tuscany
Construction loan lot 5 Tuscany
Land Phases [Member]
Fair Value, Measurements, Nonrecurring [Member]
Measurement Frequency [Axis]
Measurement Basis [Axis]
Fair Value, Inputs, Level 1 [Member]
Fair Value Inputs Level 2 [Member]
Fair Value Inputs Level 3 [Member]
Commercial Loan [Member]
Class of Financing Receivable [Axis]
BMH Loan [Member]
BMH Excess Paydown [Member]
Lot 2 Windermere [Member]
BMH Construction Loan Lot 5 Tuscany [Member]
BMH Construction Loan Lot 2 Tuscany [Member]
New IMA Loan (loan fee) [Member]
New IMA Loan (advances) [Member]
SF Preferred Equity [Member]
SF Loan Payable [Member]
Cash Bond [Member]
Pennsylvania [Member]
Real Estate Development [Member]
Colorado [Member]
Florida [Member]
Georgia [Member]
Louisiana [Member]
New Jersey [Member]
Pennsylvania [Member]
South Carolina [Member]
Total [Member]
Purchase and Sale Agreements
B Preferred Units [Member]
Bill Myrick [Member]
Related Party Transaction [Axis]
R Scott Summers [Member]
Walach Family Irrevocable Educational Trust [Member]
David And Carole Wallach [Member]
Eric Rauscher [Member]
Joseph Rauscher [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 offering costs, net
Loans receivable, net
Other assets
Total assets
Liabilities and Members' Capital
Customer interest escrow
Accounts payable and accrued expense
Notes payable secured
Notes payable unsecured
Due to preferred equity member
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
Earned distribution to preferred equity holder
Net income attributable to common equity holder
Interim Condensed Consolidated Statement Of Changes In Members Capital
Members' capital, beginning balance
Net income
Earned distribution to preferred equity holder
Distributions
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
Distributions to members
Proceeds from secured note payable
Repayments of secured note payable
Proceeds from unsecured notes payable
Redemptions of unsecured notes payable
Repayment of unsecured note payable
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
Non-cash investing and financing activities
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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
Other Income and Expenses [Abstract]
9. Non-Interest expense detail
Subsequent Events [Abstract]
10. Subsequent Events
Segment Reporting
Use of Estimates
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
Sources of capital
Roll forward of deferred financing cost
Roll forward of accumulated amortization of deferred financing costs
Fair value measurements on nonrecurring basis
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 risk rating
Impairment calculation method
Impaired loans
Rollforward of notes program
Maturity of outstanding notes
Members Capital Tables
Members' Capital
Notes and accounts payable to affiliates
Schedule of selling, general and administrative expenses
Capital Source
Purchase and sale agreement
Secured line of credit from affiliates
Unsecured Notes through our Notes offer
Other unsecured debt
Preferred equity
Common equity
Total
Cash on hand
Total unsecured outstanding debt
Commitments to lend
Credit line availability
Borrowings under purchase and sale agreements
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 expenses
Risk concentration of loans to one borrower
Impaired loans
Financial Assets
Loans receivable, net
Financial Liabilities
Customer interest escrow
Notes payable secured
Notes payable unsecured
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
Class of Financing Receivable, Type [Axis]
Funded to borrower
Estimated collateral values
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
Individually evaluated, impaired
Not impaired
Total evaluated collectively for loan losses
Unpaid principal balance (contractual obligation from customer)
Charge-offs and payments applied
Book value
Related allowance
Value after allowance
Estimated collateral value
Total charge-offs, payments applied, and allowance (coverage)
Coverage % (coverage divided by unpaid principal balance
Notes outstanding rollforward
Notes outstanding, beginning of period
Notes issued
Note repayments / redemptions
Notes outstanding, end of period
2015
2016
2017
2018
2019
Total
Interest rate
Maximum availability
Secured debt
Book value of collateral on secured line
Unsecured debt
Amount borrowed
Interest expense
Weighted average balance of affiliate borrowings
Members' Capital
Relationship
Amount invested
Weighted average interest rate
Commitments And Contingencies Detail Narratives
Unfunded Commitments
Selling, General and Administrative Expense [Abstract]
Legal and Accounting
Salaries and related expenses
Board related expenses
Advertising
Rent and Utilities
Printing
Other
Total SG&A
Common units member
A units
Affiliate loans member
BMH 10 lots member
BMH interest escrow member
BMH loan fee member
BMH Loan member
B Units
Carrying amount
Classified accruing member
Classified - nonaccrual member
Estimated collateral values
Finance receivables by classification
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
Roll forward of deferred financing costs
SF loan member
Schedule of Members' Equity capital balances table text block.
Unearned loan fee member
Voting member
Weighted average balance of affiliate borrowings
Sources of capital
Roll forward of accumulated amortization of deferred financing costs
Detail of Finance Receivables table text block
Commercial Loans - Real Estate Development Loan Portfolio Summary
Commercial Loans - Construction Loan Porfolio Summary
Finance Receivables – Method of impairment calculation
Rollforward of Commercial Loans table text block
Schedule of impaired loans
Sources of capital
Total sources of capital
Borrowings under purchase and sale agreements
Rollforward of deferred financing costs
Financing receivables rollforward
Roll forward of commercial loans
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 to value ratio
Loan fee percentage of commitment
Unpaid principal balance (contractual obligation from customer)
Impaired loans charge-offs and payments applied
Impaired loans book value
Impaired loans related allowance
Total charge-offs, payments applied, and allowance (coverage)
Coverage % (coverage divided by unpaid principal balance
Notes outstanding rollforward
Board related expenses
Due to preferred equity member
Funded to borrower
Pennsylvania1Member
Assets [Default Label]
Liabilities
Members' Capital [Default Label]
Liabilities and Equity
Interest Revenue (Expense), Net
Interest Income (Expense), Net
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) Continuing Operations
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Repayments of Secured Debt
Repayments of Mandatory Redeemable Capital Securities
Repayments of Unsecured Debt
Payments of Debt Issuance Costs
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
Cash and Cash Equivalents [Abstract]
SourcesOfCapital
Deferred Finance Costs, Gross
Interest Costs Capitalized Adjustment
Accumulated Amortization, Deferred Finance Costs
Deferred Finance Costs, Net
Assets, Fair Value Disclosure, Nonrecurring
Loans Receivable, Fair Value Disclosure
Deposits, Fair Value Disclosure
Other Liabilities, Fair Value Disclosure
Financial Liabilities Fair Value Disclosure
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
Net Change Interest-bearing Deposits, Domestic
Provision for Loan Losses Expensed
Interest and Fee Income, Loans, Commercial
LoanToValueRatio
Loans and Leases Receivable, Net Amount
Long-term Debt
Repayments of Notes Payable
Interest Expense, Related Party
Members' Equity