Fair Value, Hierarchy [Axis]
Carrying Amount [Member]
Estimated Fair Value [Member]
Fair Value, Inputs, Level 1 [Member]
Fair Value, Inputs, Level 2 [Member]
Fair Value, Inputs, Level 3 [Member]
Mortgage Loans on Real Estate, Loan Type [Axis]
Pennsylvania [Member]
Total [Member]
Colorado [Member]
Connecticut [Member]
Delaware [Member]
Florida [Member]
Georgia [Member]
New Jersey [Member]
North Carolina [Member]
South Carolina [Member]
New York [Member]
Financial Instrument [Axis]
Pass [Member]
Special Mention [Member]
Classified - Accruing [Member]
Classified - Nonaccrual [Member]
Financial Instrument Performance Status [Axis]
Performing Financial Instruments [Member]
Non-performing Financial Instruments [Member]
Legal Entity [Axis]
Affiliate Loans [Member]
Other Unsecured Loans [Member]
Debt Instrument [Axis]
Notes Program [Member]
Range [Axis]
Minimum [Member]
Maximum [Member]
1st Financial Bank [Member]
1st Financial Bank [Member]
Total Amount Maturing [Member]
Public Offering [Member]
Other Unsecured [Member]
Purchase and Sale Agreements [Member]
Class of Stock [Axis]
Common Class A [Member]
Series B Cumulative Preferred Stock [Member]
S.K. Funding, LLC [Member]
Related Party Transaction [Axis]
Wallach Family [Member]
B Preferred Units [Member]
A Common Units [Member]
Collateral [Axis]
Real Estate Development [Member]
Utah [Member]
Idaho [Member]
Tennessee [Member]
S.K. Funding, LLC [Member]
Pennsylvania Loans [Member]
Michigan [Member]
Ohio [Member]
Concentration Risk Type [Axis]
Highest Concentration Risk [Member]
Second Highest Concentration Risk [Member]
Third Highest Concentration Risk [Member]
Builder Finance, Inc [Member]
Notes And Accounts Payable To Affiliates [Member]
Indiana [Member]
Virginia [Member]
Four Other Unsecured [Member]
Seven Kings Holdings, Inc [Member]
Title of Individual [Axis]
Independent Manager 1 [Member]
Independent Manager 2 [Member]
Independent Manager 3 [Member]
Executive Vice President [Member]
Class A Common Units [Member]
R. Scott Summers [Member]
Wallach Family Irrevocable Educational Trust [Member]
Joseph Rauscher [Member]
7 Kings [Member]
Builder's Finance, Inc [Member]
Other Unsecured Loans One [Member]
Series C Preferred Units [Member]
David Wallach [Member]
Eric A. Rauscher [Member]
Report Date [Axis]
July 2017 [Member]
Scenario [Axis]
Dec 31, 2017 [Member]
Sep 30, 2017 [Member]
Subsequent Event Type [Axis]
Subsequent Event [Member]
Type of Arrangement and Non-arrangement Transactions [Axis]
Sixth Amendment [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
Entity Filer Category
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 receivable
Loans receivable, net
Foreclosed assets
Property, plant and equipment
Other assets
Total assets
Liabilities, Redeemable Preferred Equity and Members' Capital
Liabilities
Customer interest escrow
Accounts payable and accrued expenses
Accrued interest payable
Notes payable secured
Notes payable unsecured, net of deferred financing costs
Due to preferred equity member
Total liabilities
Commitments and Contingencies (Notes 3 and 10)
Redeemable Preferred Equity
Series C preferred equity
Members' Capital
Series B preferred equity
Class A common equity
Members' capital
Total liabilities, redeemable preferred equity and members' capital
Income Statement [Abstract]
Interest Income
Interest and fee income on loans
Interest expense:
Interest related to secured borrowings
Interest related to unsecured borrowings
Interest expense
Net interest income
Less: Loan loss provision
Net interest income after loan loss provision
Non-Interest Income
Gain from foreclosure of assets
Gain from sale of foreclosed assets
Total non-interest income
Income
Non-Interest Expense
Selling, general and administrative
Impairment loss on foreclosed assets
Total non-interest expense
Net Income
Earned distribution to preferred equity holders
Net income attributable to common equity holders
Statement of Stockholders' Equity [Abstract]
Members' capital, beginning balance
Net income
Contributions from members (preferred)
Earned distributions to preferred equity holders
Distributions to common equity holders
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)
Change in deferred origination expense
Impairment of foreclosed assets
Gain from foreclosure of assets
Gain from sale of foreclosed assets
Net change in operating assets and liabilities
Other assets
Accrued interest receivable
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
Investment in foreclosed assets
Proceeds from sale of foreclosed assets
Property plant and equipment additions
Net cash provided by (used in) investing activities
Cash flows from financing activities
Contributions from redeemable preferred equity
Distributions to preferred equity holders
Distributions to common equity holders
Proceeds from secured note payable
Repayments of secured note payable
Proceeds from unsecured notes payable
Redemptions/repayments of unsecured notes payable
Deferred financing costs paid
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
Earned but not paid distribution of preferred equity holders
Foreclosure of assets
Accrued interest reduction due to foreclosure
Net loan origination fees (earned) due to foreclosure
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation
Fair Value Disclosures [Abstract]
Fair Value
Receivables [Abstract]
Financing Receivables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Foreclosed Assets
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment
Debt Disclosure [Abstract]
Borrowings
Equity [Abstract]
Redeemable Preferred Equity
Members' Capital
Related Party Transactions [Abstract]
Related Party Transactions
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Condensed Consolidated Financial Data (Unaudited)
Non-interest Expense Detail
Non-Interest Expense Detail
Subsequent Events [Abstract]
Subsequent Events
Schedule of Non-financial Instruments Measured at Fair Value on Non-recurring Basis
Schedule of Fair Value Measurements, Recurring and Nonrecurring
Schedule of Financing Receivables
Schedule of Roll Forward of Commercial Loans
Commercial Loans - Real Estate Development Loan Portfolio Summary
Commercial Loans - Construction Loan Portfolio Summary
Summary of Finance Receivables by Classification
Schedule of Impairment Calculation Method
Schedule of Impaired Loans
Schedule of Concentration Risk for Individual Borrowers
Schedule of Roll Forward of Foreclosed Assets
Schedule of Borrowings
Schedule of Maturities of Long-term Debt
Schedule of Purchase and Sale Agreements
Schedule of Roll Forward of Notes Outstanding
Schedule of Roll Forward of Deferred Financing Cost
Schedule of Roll Forward of Accumulated Amortization of Deferred Financing Costs
Schedule of Roll Forward of Redeemable Preferred Equity
Schedule of Redemption Option for Investors
Schedule of Capital Units
Schedule of Related Party Transactions
Summarized Unaudited Quarterly Condensed Consolidated Financial Data
Non-interest Expense Detail Tables
Schedule of Selling General and Administrative Expenses
Statement [Table]
Statement [Line Items]
Estimated costs associated with asset disposal, percentage
Impaired loans
Financial Assets, Cash and cash equivalents
Financial Assets, Loans receivable, net
Financial Assets, Accrued interest receivable
Financial Liabilities, Customer interest escrow
Financial Liabilities, Notes payable secured
Financial Liabilities, Notes payable unsecured, net
Financial Liabilities, Accrued interest payable
Total commitment amount
Invest in preferred equity, per closing of a lot payoff
Loans receivable, gross
Less: Deferred loan fees
Less: Deposits
Plus: Deferred origination expense
Less: Allowance for loan losses
Loans receivable, net
Beginning balance
Additions
Payoffs/sales
Moved to foreclosed assets
Change in deferred origination expense
Change in builder deposit
Change in loan loss provision
New loan fees
Earned loan fees
Ending balance
Real Estate Development Loan Portfolio Summary [Table]
Real Estate Development Loan Portfolio [Line Items]
Number of Borrowers
Number of Loans
Value of Collateral
Commitment Amount
Gross Amount Outstanding
Loan to Value Ratio
Loan Fee
Collateral of preferred equity
Commitment amount
Summary Of Loan Portfolio To Builders For Home Construction [Table]
Summary Of Loan Portfolio To Builders For Home Construction [Line Items]
Loan Fee
Schedule of Accounts, Notes, Loans and Financing Receivable [Table]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated
Collectively evaluated
Total
Unpaid principal balance (contractual obligation from customer)
Charge-offs and payments applied
Gross value before related allowance
Related allowance
Value after allowance
Concentration Risk Benchmark [Axis]
Borrower City
Percent of Loan Commitments
Beginning balance
Additions from loans
Additions for construction/development
Sale proceeds
Gain on sale
Impairment loss on foreclosed assets
Ending balance
Purchased, a partially completed building
Improvements to building
Anticipate cost in project
Percentage of each loan
Borrowings floor interest rate
Loans payable
Debt instrument, interest rate, stated percentage
Maximum availability
Short-term debt, maximum amount outstanding during period
Short-term debt, average outstanding amount
Unsecured note
Debt instrument, maturity date
Debt instrument, periodic payment, interest
Interest expense
Debt instrument, term
Purchase and sale agreements
Secured line of credit from affiliates
Unsecured line of credit (senior)
Other unsecured debt (senior subordinated)
Unsecured Notes through our public offering, gross
Other unsecured debt (subordinated)
Other unsecured debt (junior subordinated)
Total
2017
2018
2019
2020
2021
Total
Book Value of Loans which Served as Collateral
Due From Shepherd's Finance to Loan Purchaser
Gross notes outstanding, beginning of period
Notes issued
Note repayments / redemptions
Gross notes outstanding, end of period
Less deferred financing costs, net
Notes outstanding, net
Deferred financing costs, beginning balance
Additions
Deferred financing costs, ending balance
Less accumulated amortization
Deferred financing costs, net
Accumulated amortization, beginning balance
Additions
Accumulated amortization, ending balance
Unit distribution percentage
Change in rate of note interest
Redeemable preferred equity beginning balance
Additions from new investment
Additions from reinvestment
Redeemable preferred equity ending balance
Year Maturing
Total Amount Redeemable
Common stock, outstanding
Percentage of common equity purchased
Percentage of common equity sold
Preferred stock, value
Preferred stock, profit distribution
Number of units agreed to purchase
Members' Equity
Percentage of ownership interest
Notes outstanding
Relationship
Notes Payable, Related Parties
Weighted Average Interest Rate
Interest Expense, Related Party
Letter of credit, amount outstanding
Proceeds from sale of participating interest in loan
Proceeds from secured line of credit
Combined debt amount
Percentage of participating interest sold on loans
Loan sold already not funded amount
Designated for sale of debt
Non designated for sale of debt
Debt Instrument, Description
Net Interest Income after Loan Loss Provision
Non-Interest Income
SG&A expense
Net Income
Non-interest Expense Detail - Schedule Of Selling General And Administrative Expenses Details
Legal and accounting
Salaries and related expenses
Board related expenses
Advertising
Rent and utilities
Loan and foreclosed asset expenses
Travel
Other
Total SG&A
Debt face amount
Interest rate
Outstanding amount
A Common Units [Member].
Affiliate Loans [Member].
B Preferred Units [Member.
Carrying Amount [Member]
Change in deferred Oorigination expense.
Classified accruing member
Classified - nonaccrual member
Colorado [Member]
Commercial Loans - Construction Loan Porfolio Summary [Table Text Block]
Commercial Loans - Real Estate Development Loan Portfolio Summary [Table Text Block]
Connecticut [Member]
Delaware [Member].
Amount of equity impact of cash distribution declared to unit-holder of limited partnership (LP) but not paid during the reporting period.
Due to preferred equity member
Eric Rauscher [Member].
Finance receivables by classification [Table Text Block]
Florida [Member]
Georgia [Member]
Highest Concentration Risk [Member]
Idaho [Member]
Schedule of Impairment Calculation Method [Table Text Block]
Interest related to unsecured borrowings.
Interest Related to Secured Debt.
Joseph Rauscher [Member].
Michigan [Member]
New Jersey [Member]
New York [Member]
North Carolina [Member]
Notes And Accounts Payable To Affiliates [Member].
Notes Program [Member].
Ohio [Member]
Other Unsecured Loans [Member].
Other Unsecured [Member].
Pennsy lvania Loans [Member].
Pennsylvania [Member].
Public Offering [Member].
Purchase And Sale Agreements [Member].
Purchase And Sale Agreements.
RScott Summers [Member].
Roll forward of accumulated amortization of deferred financing costs [Table Text Block].
Rollforward of Commercial Loans [Ttable text block]
Roll forward of deferred financing costs [Table Text Block]
SK Funding LLC [Member].
S.K. Funding, LLC [Member]
Schedule of borrowings [Table Text Block]
Second Highest Concentration Risk [Member]
The entire disclosure of selling, general and administrative expenses.
Seven Kings Holdings Inc [Member].
South Carolina [Member]
Tennessee [Member]
Third Highest Concentration Risk [Member]
Total Amount Maturing [Member].
Total [Member].
Utah [Member]
Wallach Family Irrevocable Educational Trust [Member].
Wallach Family [Member].
Series C preferred equity.
Schedule of Roll Forward of Redeemable Preferred Equity [Table Text Block]
Schedule of Redemption Option for Investors [Table Text Block]
Indiana [Member]
Virginia [Member]
Builder Finance, Inc [Member]
Four Other Unsecured [Member]
Series C Units [Member]
Independent Manager 1 [Member]
Independent Manager 2 [Member]
Independent Manager 3 [Member]
William Myrick [Member]
Class A Common Units [Member]
Dec 31, 2017
June 30, 2017 [Member]
Sep 30, 2017
Gain from foreclosure of assets.
Foreclosure of assets.
Accrued interest reduction due to foreclosure.
Net loan origination fees (earned) due to foreclosure.
Schedule of Impaired Loans [Table Text Block]
Estimated costs associated with asset disposal, percentage.
Impaired loans.
Invest in preferred equity, per closing of a lot payoff.
Deferred origination expense.
Additions to loans receivable.
Real Estate Development Loan Portfolio Summary Table.
Real Estate Development Loan Portfolio Line Items.
Number of borrowers.
Value of collateral
loan to value ratio
Unrecognized loan fee
Summary Of Loan Portfolio To Builders For Home Construction Table.
Summary Of Loan Portfolio ToBuilders For Home Construction Line Items.
Loan fee percentage of commitment
Charge-offs and payments applied.
Impaired financing receivable gross value before related allowance.
Impaired financing receivable value after allowance.
Gain from sale of foreclosed assets.
7 Kings [Member]
Builder’s Finance, Inc [Member]
Other Unsecured Loans One [Member]
Percentage of each loan.
Borrowings Floor Interest Rate.
Purchase and sale agreements.
Secured line of credit from affiliates.
Unsecured line of credit (senior).
Other unsecured debt (senior subordinated).
Unsecured Notes through our public offering.
Other unsecured debt
Other unsecured debt (junior subordinated).
Series C Preferred Units [Member]
Unit distribution percentage.
Additions from reinvestment.
Redemption options maturity year.
Percentage of common equity sold.
Preferred stock, profit distribution percetnage.
Number of units agreed to purchase.
David Wallach [Member]
Eric A. Rauscher [Member]
Relationship
Weighted average interest rate of debt outstanding.
July 2017 [Member]
Percentage of participating interest sold on loans.
Loan sold already not funded amount.
designated for sale of debt.
Sixth Amendment [Member]
1st Financial Bank [Member]
1st Financial Bank [Member]
Non designated for sale of debt.
FirstFinancialBankMember
SKFundingsLLcMember
Assets [Default Label]
Liabilities [Default Label]
Liabilities and Equity
Interest Revenue (Expense), Net
Interest Income (Expense), after Provision for Loan Loss
Noninterest Income
Other Nonoperating Income
Noninterest Expense
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Declared
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
Increase (Decrease) in Accounts Payable and Accrued Liabilities
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
Payments for (Proceeds from) Loans and Leases
Payments to Acquire Assets, Investing Activities
Payments to Acquire Property, Plant, and Equipment
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Payments of Ordinary Dividends, Preferred Stock and Preference Stock
Payments of Ordinary Dividends, Common Stock
Repayments of Secured Debt
Repayments of Mandatory Redeemable Capital Securities
Payments of Debt Issuance Costs
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
Cash and Cash Equivalents, Period Increase (Decrease)
Preferred Stock [Text Block]
Members' Equity Notes Disclosure [Text Block]
Loans and Leases Receivable, Deferred Income
Noninterest-bearing Deposit Liabilities, Domestic
Loans and Leases Receivable, Allowance
Proceeds from Collection of Notes Receivable
Interest and Fee Income, Loans, Commercial
Loan Fee Percentage Of Commitment
Short-term Debt
Repayments of Notes Payable
Notes Payable, Current
Debt Issuance Costs, Gross
Interest Costs Incurred
Accumulated Amortization, Debt Issuance Costs
Amortization of Debt Issuance Costs and Discounts