Fair Value (Details) (USD $)
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Jun. 30, 2014
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Dec. 31, 2013
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Financial assets and liabilities: | ||
Carrying Value | $ 106,873,619 | $ 11,250,000 |
Principal Amount | 59,687,787 | 18,282,328 |
Carrying Value | 59,687,787 | 18,282,328 |
Real estate debt investments, net
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Financial assets and liabilities: | ||
Principal Amount | 105,887,000 | 11,250,000 |
Carrying Value | 106,873,619 | 11,250,000 |
Fair Value | 122,733,412 | 11,250,000 |
Mortgage notes payable
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Financial assets and liabilities: | ||
Principal Amount | 59,687,787 | 18,282,328 |
Carrying Value | 59,687,787 | 18,282,328 |
Fair Value | $ 55,754,725 | $ 18,012,558 |
X | ||||||||||
- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The balance represents the amount of loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of the contractual principal due at the origination of the mortgage loan (face amount). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Fair value portion of notes payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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