Consolidated Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 8,302	$ 7,054
Loans
Principal	177,707	202,134
Advances	18,693	18,190
Accrued interest	11,887	13,119
Unsecured	155	85
Allowance for loan losses	(79,230)	(89,200)
Net loans	129,212	144,328
Real estate owned (REO)
Held for sale	33,717	54,206
Held as investment, net	123,866	115,411
REO, net	157,583	169,617
Receivable from affiliate		18
Other assets, net	1,061	971
Total assets	296,158	321,988
Liabilities
Bank loan, secured	35,000	50,000
Mortgages payable	30,834	36,270
Accounts payable	2,424	2,609
Deferred revenue		109
Payable to affiliate	1,804	973
Total liabilities	70,062	89,961
Capital
Limited partners’ capital, subject to redemption, net	222,845	228,193
General partners’ capital (deficit), net	(780)	(734)
Total partners’ capital	222,065	227,459
Non-controlling interest	4,031	4,568
Total capital	226,096	232,027
Total liabilities and capital	$ 296,158	$ 321,988