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DEFERRED FINANCING COSTS
12 Months Ended
Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
DEFERRED FINANCING COSTS
DEFERRED FINANCING COSTS

Costs incurred in connection with financing activities are deferred and amortized over the terms of the relevant debt using the straight line method. Accumulated amortization at December 31, 2014, and December 31, 2013 was $340,860 and $1,580, respectively. When a loan is paid in full, any unamortized financing costs are removed from the related accounts and charged to operations. Total deferred financing costs, net of accumulated amortization, included in other assets in the accompanying consolidated balance sheets were $2,191,888 and $74,271, as of December 31, 2014 and 2013, respectively.