Consolidated Statements of Cash Flows (Unaudited) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities
Net income (loss)	$ (5,654,000)	$ (23,346,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Amortization of borrowings-related origination fees	302,000	807,000
Imputed interest on formation loan	(207,000)	(470,000)
Amortization of discount on formation loan	207,000	470,000
Provision for loan losses	859,000	6,113,000
REO – loss/(gain) on disposal	(39,000)	(521,000)
REO – impairment loss	1,114,000	10,248,000
Change in operating assets and liabilities
Accrued interest	2,264,000	1,129,000
Advances on loans	1,625,000	(1,845,000)
Allowance for loan losses-recoveries	21,000	110,000
Receivable from affiliate		18,000
Other assets	(741,000)	(453,000)
Accounts payable	(4,507,000)	(1,443,000)
Deferred revenue		(109,000)
Payable to affiliate	(160,000)	(248,000)
Net cash provided by (used in) operating activities	(2,577,000)	(7,668,000)
Cash flows from investing activities
Loans originated	(10,522,000)	(348,000)
Principal collected on loans	17,401,000	17,118,000
Loans sold to affiliates	1,189,000	2,122,000
Unsecured loan originated	(64,000)
Payments for development of real estate	(3,372,000)	(646,000)
Cash acquired through foreclosure sales		828,000
Proceeds from disposition of real estate	30,035,000	35,165,000
Net cash provided by (used in) investing activities	34,667,000	54,239,000
Cash flows from financing activities
Payments on bank loan	(16,789,000)	(33,211,000)
Mortgages taken	5,160,000
Payments on mortgages	(1,548,000)	(14,112,000)
Partners’ withdrawals	(2,459,000)	(2,689,000)
Formation loan payments received		1,745,000
Increase/(decrease) in non-controlling interest	(1,711,000)	(1,158,000)
Net cash provided by (used in) financing activities	(17,347,000)	(49,425,000)
Net increase (decrease) in cash and cash equivalents	14,743,000	(2,854,000)
Cash and cash equivalents, January 1	4,200,000	7,054,000
Cash and cash equivalents, December 31	18,943,000	4,200,000
Non-cash investing activities
Real estate acquired through foreclosure/settlement on loans, net of liabilities assumed	1,524,000	58,327,000
Cash paid for interest	2,960,000	4,615,000
Rental Operations [Member]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
REO – depreciation, rental properties	2,328,000	1,872,000
REO – depreciation, other properties	2,328,000	1,872,000
Non-Rental Operations [Member]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
REO – depreciation, rental properties	11,000
REO – depreciation, other properties	$ 11,000