Concentration Risk Type [Axis]
Highest Concentration Risk [Member]
Second Highest Concentration Risk [Member]
Third Highest Concentration Risk [Member]
Class of Stock [Axis]
Class A Common Units [Member]
Debt Instrument [Axis]
Secured Borrowings [Member]
Fair Value Hierarchy and NAV [Axis]
Estimate Fair Value [Member]
Fair Value, Inputs, Level 1 [Member]
Fair Value, Inputs, Level 2 [Member]
Fair Value, Inputs, Level 3 [Member]
Measurement Input Type [Axis]
Carrying Amount [Member]
Collateral [Axis]
Home Construction Loans [Member]
Real Estate Development [Member]
Financial Instrument [Axis]
Pass [Member]
Receivable Type [Axis]
Financing Receivable [Member]
Special Mention [Member]
Classified - Nonaccrual [Member]
Financial Instrument Performance Status [Axis]
Performing Loans Evaluated Individually [Member]
Performing Loans Evaluated Collectively [Member]
Non-Performing Loans Without a Specific Reserve [Member]
Non-Performing Loans With a Specific Reserve [Member]
Legal Entity [Axis]
Builder Finance, Inc. [Member]
S.K. Funding [Member]
Paul Swanson [Member]
Unsecured Note with Seven Kings Holdings, Inc. [Member]
Unsecured Line of Credit from Builder Finance, Inc. [Member]
Subordinated Promissory Note [Member]
Senior Subordinated Promissory Note One [Member]
Senior Subordinated Promissory Note [Member]
Junior Subordinated Promissory Note [Member]
Unsecured Line of Credit from Paul Swanson [Member]
Subordinated Promissory Note One [Member]
Subordinated Promissory Note Two [Member]
Senior Subordinated Promissory Note Two [Member]
Junior Subordinated Promissory Note One [Member]
Other Unsecured Debt [Member]
Short-term Debt, Type [Axis]
Note 1 [Member]
Note 2 [Member]
Classified - Accruing [Member]
Subordinated Promissory Notes Three [Member]
Series B Preferred Units [Member]
Notes Program [Member]
Related Party [Axis]
Wallach LOC [Member]
Wallach Trust LOC [Member]
Myrick LOC [Member]
Total Amount Maturing [Member]
Public Offering [Member]
Other Unsecured [Member]
Subordinated Promissory Note Four [Member]
Subordinated Promissory Note Five [Member]
Line of Credit [Member]
Title of Individual [Axis]
Affiliates [Member]
Stephen K. Shuman [Member]
Credit Loss Status [Axis]
Loans Acquired with Deteriorated Credit Quality [Member]
Range [Axis]
Minimum [Member]
Maximum [Member]
Subsequent Event Type [Axis]
Subsequent Event [Member]
Executive Vice President of Sales [Member]
Type of Arrangement and Non-arrangement Transactions [Axis]
Line of Credit Agreement [Member]
Jeffrey Eppinger [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 Small Business Flag
Entity Emerging Growth Company
Entity Ex Transition Period
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
Premises and equipment
Other assets
Total assets
Liabilities and Members' Capital
Customer interest escrow
Accounts payable and accrued expenses
Accrued interest payable
Notes payable secured, net of deferred financing costs
Notes payable unsecured, net of deferred financing costs
Due to preferred equity member
Total liabilities
Commitments and Contingencies (Note 9)
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
Total non-interest income
Income
Non-Interest Expense
Selling, general and administrative
Depreciation and amortization
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
Change in deferred origination expense
Impairment 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
Property plant and equipment additions
Net cash used in investing activities
Cash flows from financing activities
Contributions from preferred equity holders
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 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 B equity holders
Earned but not paid preferred C equity holders
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
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
Accounting Policies [Abstract]
Basis of Presentation
Accounting Standards Adopted in the Period
Reclassifications
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
Commercial Loans - Construction Loan Portfolio Summary
Commercial Loans - Real Estate Development 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
Statement [Table]
Statement [Line Items]
Schedule of Borrowings
Schedule of Maturities of Long-term Debt
Schedule of Roll Forward of Deferred Financing Costs
Schedule of Secured Borrowings
Schedule of Roll Forward of Notes Outstanding
Schedule of Roll Forward of Accumulated Amortization of Deferred Financing Costs
Schedule of Other Unsecured Loans
Schedule of Roll Forward of Series C Cumulative Preferred Units
Schedule of Redemption Option for Investors
Summarized Unaudited Quarterly Condensed Consolidated Financial Data
Schedule of Selling General and Administrative Expenses
Impaired assets
Total
Financial Assets, Cash and cash equivalents
Financial Assets, Loans receivable, net
Financial Assets, Accrued interest on loans
Financial Liabilities, Customer interest escrow
Financial Liabilities, Notes payable secured, net
Financial Liabilities, Notes payable unsecured, net
Financial Liabilities, Accrued interest payable
Description on construction loan
Number of borrowers
Finance receivable
Loans receivable, gross
Less: Deferred loan fees
Less: Deposits
Plus: Deferred origination costs
Less: Allowance for loan losses
Loans receivable, net
Summary Of Loan Portfolio To Builders For Home Construction [Table]
Summary Of Loan Portfolio To Builders For Home Construction [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Loan Type [Axis]
Number of States
Number of Borrowers
Number of Loans
Value of Collateral
Commitment Amount
Gross Amount Outstanding
Loan to Value Ratio
Loan Fee
Real Estate Development Loan Portfolio Summary [Table]
Real Estate Development Loan Portfolio [Line Items]
Gross Value of Collateral
Loan Fee
Collateral of preferred equity
Schedule of Accounts, Notes, Loans and Financing Receivable [Table]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balance (contractual obligation from customer)
Charge-offs and payments applied
Gross value before related allowance
Related allowance
Value after allowance
Borrower City
Percent of Loan Commitments
Beginning balance
Additions from loans
Additions for construction/development
Sale proceeds
Gain on sale
Loss on sale
Gain on foreclosure
Loss on foreclosure
Impairment loss on foreclosed assets
Ending balance
Collaborative Arrangement and Arrangement Other than Collaborative [Axis]
Statistical Measurement [Axis]
Variable Rate [Axis]
Related Party Transaction [Axis]
Borrowings under line of credit
Line of credit maximum borrowing capacity
Debt instrument effective interest rate
Debt instrument, redemption period
Purchase and sale agreements and other secured borrowings
Secured lines 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
2019
2020
2021
2022
2023 and thereafter
Total
Book Value of Loans which Served as Collateral
Due From Shepherd's Finance to Loan Purchaser or Lender
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
Disposals
Deferred financing costs, ending balance
Less accumulated amortization
Deferred financing costs, net
Accumulated amortization, beginning balance
Additions
Accumulated amortization, ending balance
Maturity Date
Interest Rate
Other Unsecured Loans
Debt, principal amount
Debt yield return percentage
Series C Cumulative Preferred Equity, beginning balance
Additions from new investment
Redemptions
Additions from reinvestment
Series C Cumulative Preferred Equity, ending balance
Year of Available Redemption
Total Amount Redeemable
Common stock, units outstanding
Number of units agreed to purchase
Number of preferred units value to purchase during the period
Series B Preferred units, shares
Amount available to borrow
Letter of credit, amount outstanding
Net interest income after loan loss provision
Non-interest income
SG&A expense
Loss on sale of foreclosed assets
Non-interest Expense Detail - Schedule Of Selling General And Administrative Expenses
Legal and accounting
Salaries and related expenses
Board related expenses
Advertising
Rent and utilities
Loan and foreclosed asset expenses
Travel
Other
Total SG&A
Loan receivable balance
Line of credit, principle value not exceeds
Cost of funds rate
Unsecured promissory note
Unsecured promissory note rate
Debt due date
Additions from reinvestment.
Borrowers [Member]
Builder Finance, Inc [Member]
CEO [Member]
Change in deferred Oorigination expense.
Class A Common Units [Member]
Classified accruing member
Classified - nonaccrual member
Customers [Member]
Daniel M Wallach [Member]
David Wallach [Member]
Debt yield return percentage.
Deferred origination costs.
Disposal of financing cost.
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].
Executive Vice President of Operations [Member]
Executive Vice President of Sales [Member]
Carrying Amount [Member]
Four Investors [Member]
Gain from foreclosure of assets.
Highest Concentration Risk [Member]
Home Construction Loans [Member]
Charge-offs and payments applied.
Impaired financing receivable gross value before related allowance.
Impaired financing receivable value after allowance.
Impaired Loans.
Interest related to unsecured borrowings.
Interest Related to Secured Debt.
Joseph Rauscher [Member].
Joyce S. Wallach [Member]
Junior Subordinated Promissory Note [Member]
Junior Subordinated Promissory Note One [Member]
Loan Agreement [Member]
Loan fee percentage of commitment
Loan Purchase and Sale Agreement [Member]
loan to value ratio
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes loans held for sale. Excludes loans and leases covered under loss sharing agreements.
London Financial Company, LLC [Member]
Loss from sale of foreclosed assets.
Loss on foreclosed assets.
Master Loan Agreement [Member]
Myrick LOC Agreement [Member]
Myrick LOC [Member]
Non-performing Loans with a Specific Reserve [Member]
Non-performing Loans without a Specific Reserve [Member]
Note 1 [Member]
Note 2 [Member]
Notes Program from Employees Managers Members and Relatives of Managers and Members [Member]
Notes Program [Member].
Number of borrowers.
Number of preferred units value to purchase during the period.
Number of states.
Number of units agreed to purchase.
One Customer [Member]
Independent Manager 1 [Member]
Other unsecured borrowings (junior subordinated).
Other unsecured borrowings (senior subordinated).
Other unsecured borrowings (subordinated).
Other Unsecured Debt [Member]
Other Unsecured loans.
Other Unsecured [Member].
Paul Swanson [Member]
Performing Loans Evaluated Collectively [Member]
Performing Loans Evaluated Individually [Member]
Public Offering [Member]
Purchase and sale agreements and other secured borrowings.
R. Scott Summers [Member]
Real Estate Development Loan Portfolio Line Items.
Real Estate Development Loan Portfolio Summary Table.
Series C preferred equity.
Redemption options maturity year.
Redemptions.
SK Funding LLC [Member].
S.K. Funding [Member]
Schedule of borrowings [Table Text Block]
Schedule of Commercial Loans - Construction Loan Portfolio Summary [Table Text Block]
Commercial Loans - Real Estate Development Loan Portfolio Summary [Table Text Block]
Schedule of Impaired Loans [Table Text Block]
Schedule of Impairment Calculation Method [Table Text Block]
Schedule of other unsecured loans [Table Text Block]
Schedule of redemption option for investors [Table Text Block]
Schedule of Roll Forward of Accumulated Amortization of Deferred Financing Costs [Table Text Block]
Schedule of Roll Forward of Deferred Financing Costs [Table Text Block]
Schedule of Roll Forward Our of Series C Cumulative Preferred Units [Table Text Block]
Schedule of secured borrowings [Table Text Block]
Second Highest Concentration Risk [Member]
Secured Borrowings [Member]
Secured line of credit from affiliates.
The entire disclosure of selling, general and administrative expenses.
Senior Subordinated Promissory Note [Member]
Senior Subordinated Promissory Note One [Member]
Senior Subordinated Promissory Note Two [Member]
Series B Preferred Units [Member]
Series C Preferred Units [Member]
Seventh Amendment [Member]
Shuman LOC [Member]
Shuman Line of Credit Agreement [Member]
Shuman [Member]
Subordinated Promissory Note [Member]
Subordinated Promissory Note [Member]
Subordinated Promissory Note Three [Member]
Subordinated Promissory Note [Member]
Summary of Finance Receivables by Classification [Table Text Block]
Summary Of Loan Portfolio ToBuilders For Home Construction Line Items.
Summary Of Loan Portfolio To Builders For Home Construction Table.
Swanson Line of Credit Agreement [Member]
Swanson Modification Agreement [Membe
Third Highest Concentration Risk [Member]
Total Amount Maturing [Member].
Trust Affiliated with 7 Kings [Member]
Independent Manager 2 [Member]
Two Investors [Member]
Two Loan Purchase and Sale Agreement [Member]
Unrecognized loan fee
Unsecured Line of Credit from Builder Finance, Inc. [Member]
Unsecured line of credit (senior).
Unsecured Line of Credit from Paul Swanson [Member]
Unsecured Note with 7Kings [Member]
Unsecured Notes through our public offering, gross.
Value of collateral.
Wallach Family Irrevocable Educational Trust [Member].
Myrick LOC Agreement [Member]
Wallach Trust LOC [Member]
Subordinated Promissory Note Four [Member]
Subordinated Promissory Note Five [Member]
Description on construction loan.
Number of borrowers.
Affiliates [Member]
Stephen K. Shuman [Member]
Debt instrument, redemption period.
Line of Credit Agreement [Member]
Jeffrey Eppinger [Member]
Earned but not paid preferred C equity holders.
Assets [Default Label]
Liabilities
Members' Capital [Default Label]
Liabilities and Equity
Interest Expense
Interest Revenue (Expense), Net
Interest Income (Expense), after Provision for Loan Loss
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
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
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
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
Loans and Leases Receivable, Net Amount
Unrecognized Loan Fee
BMH Interest Escrow [Member]
Impaired Financing Receivable, Related Allowance
Cash Bond [Member]
Proceeds from Sale of Foreclosed Assets
LossOnForeclosedAssets
Short-term Debt
Long-term Debt
Notes Payable
Repayments of Notes Payable
Notes Payable, Current
Debt Issuance Costs, Gross
Accumulated Amortization, Debt Issuance Costs
Amortization of Debt Issuance Costs and Discounts