Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Loans
Interest income	$ 1,684	$ 1,517	$ 3,087	$ 2,883
Late fees	2	18	7	19
Revenue, loans	1,686	1,535	3,094	2,902
Provision for (recovery of) loan losses	(25)		(25)	400
Loans, net	1,711	1,535	3,119	2,502
REO
Rental operations, net	649	1,280	1,265	2,402
Interest on mortgages	(274)	(393)	(502)	(773)
Rental operations, net of mortgage interest	375	887	763	1,629
Realized gains/(losses) on sales	281	1,672	784	1,992
Impairment (loss)/gain		263		573
Holding costs, net of other income	563	(47)	551	(81)
REO, net	1,219	2,775	2,098	4,113
Total revenues, net	2,930	4,310	5,217	6,615
Operations Expense
Mortgage servicing fees	294	293	527	577
Asset management fees	172	183	348	367
Costs from Redwood Mortgage Corp.	491	443	975	971
Professional services	478	266	757	500
Other	22	116	13	116
Total operations expense	1,457	1,301	2,620	2,531
Net income	1,473	3,009	2,597	4,084
Limited partners (99%)	1,458	2,979	2,571	4,043
General partners (1%)	$ 15	$ 30	$ 26	$ 41