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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash from Operations    
Interest income received $ 5,735 $ 7,554
Other loan revenue received 29 71
Operations expense (2,819) (3,319)
Rental operations, net   49
Holding costs (39) (189)
Total cash provided by operations 2,906 4,166
Cash from Investing Activities    
Principal collected - secured 56,346 32,757
Loans transferred to affiliates   5,890
Loans sold to non-affiliate, net 7,832 7,247
Principal collected - unsecured   24
Loans originated (52,838) (23,125)
Recovery of loan losses 1,613  
Prepaid interest   455
Advances received (made) on loans (91) 428
Total - Loans 12,862 23,676
REO - sales, net   3,321
Total cash provided by (used in) investing activities 12,862 26,997
Cash from Financing Activities    
Partner liquidations (18,860) (21,321)
Partner distributions (1,765) (1,916)
Formation loan payment, net of early withdrawal fees 323 538
Cash Distributions to partners, net (20,302) (22,699)
Total cash used in financing activities (20,302) (22,699)
Net (decrease) increase in cash (4,534) 8,464
Cash, beginning of period 13,607 1,723
Cash, end of period 9,073 10,187
Net income 4,233 3,592
Adjustments to reconcile net income to net cash provided by operating activities    
(Gain) on sale, loans (38) (7)
Recovery of loan losses (1,613) (13)
REO – gain on disposal   (113)
REO – impairment 210 48
Change in operation assets and liabilities    
Prepaid interest (337)  
Accrued interest (52) 395
Other assets 23 48
Accounts payable and other liabilities 162 207
Payable to affiliate 318 (4)
Total cash provided by operations $ 2,906 $ 4,166