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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue    
Interest income $ 5,045 $ 7,055
Interest expense    
Line of credit (522) (379)
Mortgages payable (52) (85)
Total interest expense (574) (464)
Net interest income 4,471 6,591
Late fees 75 57
Gain on sale, loans 122 0
Total revenue, net 4,668 6,648
Provision for loan losses 0 5
Operations expense    
Mortgage servicing fees 1,004 1,089
Asset management fees 242 290
Costs from Redwood Mortgage Corp. 707 695
Professional services 1,138 1,083
REO, net (Note 5) (113) 514
Other 33 43
Total operations expense 3,011 3,714
Net income 1,657 2,929
Limited partners (99%) 1,640 2,900
General partners (1%) $ 17 $ 29