United Development Funding IV (UDFI) 10-K 15 Apr 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 20, 2014	Jun. 30, 2013
Document Information [Line Items]	'	'	'
Entity Registrant Name	'United Development Funding IV	'	'
Entity Central Index Key	'0001440292	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Trading Symbol	'UDF	'	'
Entity Common Stock, Shares Outstanding	'	31,976,999	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$627,454,300

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Assets	'	'
Cash and cash equivalents	$33,565,191	$23,225,858
Restricted cash	2,385,535	0
Accrued interest receivable	12,747,047	7,267,604
Accrued receivable - related parties	2,607,292	1,980,274
Loan participation interest - related parties, net	32,909,958	29,393,316
Notes receivable, net	444,720,197	239,972,601
Notes receivable - related parties, net	30,854,000	27,786,215
Real estate owned	8,236,953	0
Deferred offering costs	0	5,050,715
Investor subscriptions receivable	0	1,137,357
Other assets	2,836,044	665,127
Total assets	570,862,217	336,479,067
Liabilities:	'	'
Accrued liabilities	3,241,009	208,853
Accrued liabilities - related parties	3,339,143	6,229,710
Distributions payable	2,653,450	1,956,226
Lines of credit	30,519,056	28,688,003
Notes payable	0	5,095,523
Total liabilities	39,752,658	42,178,315
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Shares of beneficial interest; $0.01 par value; 400,000,000 shares authorized; 32,115,232 shares issued and 31,902,325 shares outstanding at December 31, 2013, and 17,624,839 shares issued and 17,500,308 shares outstanding at December 31,2012	321,152	176,248
Additional paid-in-capital	562,442,028	308,069,721
Accumulated deficit	-27,395,968	-11,455,079
Shareholders' equity before treasury stock	535,367,212	296,790,890
Less: Treasury stock, 212,907 shares at December 31, 2013 and 124,531 shares at December 31, 2012, at cost	-4,257,653	-2,490,138
Total shareholders' equity	531,109,559	294,300,752
Total liabilities and shareholders' equity	$570,862,217	$336,479,067

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Dec. 31, 2013	Dec. 31, 2012
Shares of beneficial interest, par value (in dollars per share)	$0.01	$0.01
Shares of beneficial interest, shares authorized	400,000,000	400,000,000
Shares of beneficial interest, shares issued	32,115,232	17,624,839
Shares of beneficial interest, shares outstanding	31,902,325	17,500,308
Treasury stock, shares	212,907	124,531

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Interest income:	'	'	'
Interest income	$42,996,635	$21,330,430	$9,450,408
Interest income - related parties	7,766,463	5,666,896	3,409,831
Total interest income	50,763,098	26,997,326	12,860,239
Interest expense:	'	'	'
Interest expense	1,044,293	1,584,732	1,731,058
Net interest income	49,718,805	25,412,594	11,129,181
Provision for loan losses	2,062,253	1,091,447	512,440
Net interest income after provision for loan losses	47,656,552	24,321,147	10,616,741
Noninterest income:	'	'	'
Commitment fee income	1,429,477	513,003	397,122
Commitment fee income - related parties	190,171	77,365	40,689
REO property sales income	780,000	0	0
Total noninterest income	2,399,648	590,368	437,811
Noninterest expense:	'	'	'
Advisory fee - related party	8,162,057	4,187,205	1,936,690
REO property sales cost	780,000	0	0
General and administrative	1,813,936	1,241,136	501,278
General and administrative - related parties	9,958,988	5,586,931	2,773,922
Total noninterest expense	20,714,981	11,015,272	5,211,890
Net income	$29,341,219	$13,896,243	$5,842,662
Net income per weighted average share outstanding (in dollars per share)	$1.08	$1.17	$1.23
Weighted average shares outstanding (in shares)	27,207,721	11,913,428	4,734,259
Distributions per weighted average share outstanding (in dollars per share)	$1.66	$1.74	$1.74

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2008	$200,379	'	'	'	$379
Net income	-61,928	'	'	'	-61,928
Balance at Dec. 31, 2009	2,043,756	'	'	'	-65,545
Cumulative effect of Restatement (See Note C)	-2,025,055	0	0	0	-2,025,055
Net income	241,098	'	'	'	241,098
Balance at Dec. 31, 2010	44,569,184	26,814	46,750,375	-50,000	-2,158,005
Balance (in shares) at Dec. 31, 2010	'	2,681,454	'	2,500	'
Balance at Dec. 31, 2010	46,594,239	26,814	46,750,375	-50,000	-132,950
Balance (in shares) at Dec. 31, 2010	'	2,681,454	'	2,500	'
Proceeds from shares issued	91,463,599	45,732	91,417,867	0	0
Proceeds from shares issued (in shares)	'	4,573,180	'	0	'
Purchase of treasury stock	-512,362	0	7,944	-520,306	0
Purchase of treasury stock (in shares)	'	0	'	26,015	'
Net income	5,842,662	0	0	0	5,842,662
Cash distributions declared	-623,192	0	0	0	-623,192
Distributions	-7,629,589	0	0	0	-7,629,589
Shareholders' distribution reinvestment	3,018,599	1,509	3,017,090	0	0
Shareholders' distribution reinvestment (in shares)	'	150,930	'	0	'
Shares issuance costs	-11,885,353	0	-11,885,353	0	0
Balance at Dec. 31, 2011	124,243,548	74,055	129,307,923	-570,306	-4,568,124
Balance (in shares) at Dec. 31, 2011	0	7,405,564	'	28,515	'
Proceeds from shares issued	197,408,867	98,705	197,310,162	0	0
Proceeds from shares issued (in shares)	'	9,870,548	'	0	'
Purchase of treasury stock	-1,829,226	0	90,606	-1,919,832	0
Purchase of treasury stock (in shares)	'	0	'	96,016	'
Net income	13,896,243	0	0	0	13,896,243
Cash distributions declared	-1,956,226	0	0	0	-1,956,226
Distributions	-18,826,972	0	0	0	-18,826,972
Shareholders' distribution reinvestment	6,974,333	3,488	6,970,845	0	0
Shareholders' distribution reinvestment (in shares)	'	348,727	'	0	'
Shares issuance costs	-25,609,815	0	-25,609,815	0	0
Balance at Dec. 31, 2012	294,300,752	176,248	308,069,721	-2,490,138	-11,455,079
Balance (in shares) at Dec. 31, 2012	0	17,624,839	'	124,531	'
Proceeds from shares issued	272,879,903	136,460	272,743,443	0	0
Proceeds from shares issued (in shares)	'	13,645,956	'	0	'
Purchase of treasury stock	-1,708,607	0	58,908	-1,767,515	0
Purchase of treasury stock (in shares)	'	0	'	88,376	'
Net income	29,341,219	0	0	0	29,341,219
Cash distributions declared	-2,653,450	0	0	0	-2,653,450
Distributions	-42,628,658	0	0	0	-42,628,658
Shareholders' distribution reinvestment	16,888,173	8,444	16,879,729	0	0
Shareholders' distribution reinvestment (in shares)	'	844,437	'	0	'
Shares issuance costs	-35,309,773	0	-35,309,773	0	0
Balance at Dec. 31, 2013	$531,109,559	$321,152	$562,442,028	($4,257,653)	($27,395,968)
Balance (in shares) at Dec. 31, 2013	0	32,115,232	'	212,907	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Activities	'	'	'
Net income	$29,341,219	$13,896,243	$5,842,662
Adjustments to reconcile net income to net cash provided by operating activities:	'	'	'
Provision for loan losses	2,062,253	1,091,447	512,440
Amortization expense	723,923	568,700	407,665
Changes in assets and liabilities:	'	'	'
Accrued interest receivable	-5,620,968	-4,833,114	-1,012,862
Accrued receivable - related parties	-485,493	-277,398	-1,128,168
Other assets	-2,894,841	-575,044	-173,668
Accrued liabilities	1,385,686	-105,704	77,165
Net cash provided by operating activities	24,511,779	9,765,130	4,525,234
Investing Activities	'	'	'
Investments in loan participation interests - related parties	-16,075,092	-10,885,724	-30,440,151
Principal receipts from loan participation interests - related parties	15,152,026	10,113,774	13,474,995
Investments in notes receivable	-316,406,945	-169,255,365	-81,967,098
Principal receipts from notes receivable	107,003,521	28,294,841	27,871,058
Investments in notes receivable - related parties	-15,734,069	-20,196,910	-16,497,104
Principal receipts from notes receivable - related parties	12,666,284	6,099,841	8,285,502
Investments in real estate owned	-7,215,263	0	0
Proceeds from sales of real estate owned	624,780	0	0
Net cash used in investing activities	-219,984,758	-155,829,543	-79,272,798
Financing Activities	'	'	'
Proceeds from issuance of shares of beneficial interest	272,879,903	197,408,867	91,463,599
Investor subscriptions receivable	1,137,357	-519,802	-220,203
Purchase of treasury shares	-1,708,607	-1,829,226	-512,362
Net borrowings on lines of credit	1,831,053	9,372,452	9,461,060
Proceeds from notes payable	0	918,521	600,000
Payments on notes payable	-5,095,523	-4,655,294	-6,097,704
Distributions , net of shareholders’ distribution reinvestment	-27,696,712	-12,475,831	-5,062,500
Restricted cash	-2,385,535	0	689,967
Payments of offering costs	-35,309,772	-25,609,815	-11,885,353
Deferred offering costs	5,050,715	3,483,242	-1,161,841
Accrued offering costs - related parties	-2,890,567	-2,834,799	961,356
Net cash provided by financing activities	205,812,312	163,258,315	78,236,019
Net increase in cash and cash equivalents	10,339,333	17,193,902	3,488,455
Cash and cash equivalents at beginning of year	23,225,858	6,031,956	2,543,501
Cash and cash equivalents at end of year	33,565,191	23,225,858	6,031,956
Supplemental Cash Flow Information:	'	'	'
Cash paid for interest	1,069,094	1,608,108	1,752,680
Supplemental Cash Flow Information - non-cash activity:	'	'	'
Shareholders’ distribution reinvestment	16,888,173	6,974,333	3,018,599
Real estate purchased - earnest money	1,646,470	0	0
Assignment of loans	$2,593,576	$5,864,566	$0

Nature_of_Business

Nature of Business	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Nature of Operations [Text Block]	'
	A. Nature of Business
	United Development Funding IV (which may be referred to as the “Trust,” “we,” “our,” or “UDF IV”) was organized on May 28, 2008 (“Inception”) as a Maryland real estate investment trust. The Trust is the sole general partner of and owns a 99.999% partnership interest in United Development Funding IV Operating Partnership, L.P. (“UDF IV OP”), a Delaware limited partnership. UMTH Land Development, L.P. (“UMTH LD”), a Delaware limited partnership and the affiliated asset manager of the Trust, is the sole limited partner and owner of 0.001% (minority interest) of the partnership interests in UDF IV OP. At December 31, 2013 and December 31, 2012, UDF IV OP had no assets, liabilities or equity.
	As of December 31, 2013, the Trust owns a 100% limited partnership interest in UDF IV Home Finance, LP (“UDF IV HF”), UDF IV Finance I, LP (“UDF IV FI”), UDF IV Finance II, LP (“UDF IV FII”), UDF IV Acquisitions, LP (“UDF IV AC”), UDF IV Finance III, LP (“UDF IV FIII”), UDF IV Finance IV, L.P. (“UDF IV Fin IV”), UDF IV Finance V, L.P. (“UDF IV Fin V”), UDF IV Finance VI, L.P. (“UDF IV Fin VI”), UDF IV Finance VII, L.P. (“UDF IV Fin VII”) and UDF IV Finance VIII, L.P. (“UDF IV Fin VIII”), all Delaware limited partnerships.
	As of December 31, 2013, the Trust is the sole member of (i) UDF IV HF Manager, LLC (“UDF IV HFM”), a Delaware limited liability company, the general partner of UDF IV HF; (ii) UDF IV Finance I Manager, LLC (“UDF IV FIM”), a Delaware limited liability company, the general partner of UDF IV FI; (iii) UDF IV Finance II Manager, LLC (“UDF IV FIIM”), a Delaware limited liability company, the general partner of UDF IV FII; (iv) UDF IV Acquisitions Manager, LLC (“UDF IV ACM”), a Delaware limited liability company, the general partner of UDF IV AC; (v) UDF IV Finance III Manager, LLC (“UDF IV FIIIM”), a Delaware limited liability company, the general partner of UDF IV FIII; (vi) UDF IV Finance IV Manager, LLC (“UDF IV FIVM”), a Delaware limited liability company, the general partner of UDF IV Fin IV; (vii) UDF IV Finance V Manager, LLC (“UDF IV FVM”), a Delaware limited liability company, the general partner of UDF IV Fin V; (viii) UDF IV Finance VI Manager, LLC (“UDF IV FVIM”), a Delaware limited liability company, the general partner of UDF IV Fin VI; (ix) UDF IV Finance VII Manager, LLC (“UDF IV FVIIM”), a Delaware limited liability company, the general partner of UDF IV Fin VII; and (x) UDF IV Finance VIII Manager, LLC (“UDF IV FVIIIM”), a Delaware limited liability company, the general partner of UDF IV Fin VIII.
	As of December 31, 2013, the Trust owns 100% of the outstanding shares of (i) UDF IV LB I, Inc. (“UDF IV LBI”), a Delaware corporation; (ii) UDF IV LB II, Inc. (“UDF IV LBII”), a Delaware corporation; (iii) UDF IV Woodcreek, Inc. (“UDF IV Woodcreek”), a Delaware corporation; (iv) UDF IV LB III, Inc. (“UDF IV LBIII”), a Delaware corporation; and (v) UDF IV LB IV, Inc. (“UDF IV LBIV”), a Delaware corporation.
	As of December 31, 2013 and December 31, 2012, UDF IV HFM, UDF IV FIM, UDF IV FIIM, UDF IV ACM, UDF IV FIIIM, UDF IV FIVM, UDF IV FVM, UDF IV FVIM, UDF IV FVIIM, UDF IV FVIIIM and UDF IV LBIV had no assets, liabilities, or equity.
	The Trust originates, purchases, participates in and holds for investment secured loans made directly by the Trust or indirectly through its affiliates to persons and entities for the acquisition and development of parcels of real property as single-family residential lots or mixed-use master planned residential communities, for the construction of single-family homes and for completed model homes. The Trust also makes direct investments in land for development into single-family lots, home construction and portfolios of finished lots and model homes; provides credit enhancements to real estate developers, home builders, land bankers and other real estate investors; and purchases participations in, or finances for other real estate investors the purchase of, securitized real estate loan pools and discounted cash flows secured by state, county, municipal or other similar assessments levied on real property. The Trust also may enter into joint ventures with unaffiliated real estate developers, home builders, land bankers and other real estate investors, or with other United Development Funding-sponsored programs, to originate or acquire, as the case may be, the same kind of secured loans or real estate investments the Trust may originate or acquire directly.
	UMTH General Services, L.P. (“UMTH GS” or “Advisor”), a Delaware limited partnership, is the Trust’s advisor and is responsible for managing the Trust’s affairs on a day-to-day basis. UMTH GS has engaged UMTH LD as the Trust’s asset manager. The asset manager oversees the investing and financing activities of the affiliated programs managed and advised by the Advisor and UMTH LD as well as provides recommendations to the Trust’s board of trustees regarding investments and finance transactions, management, policies and guidelines. The asset manager reviews for each investment the transaction structure and terms, underwriting, collateral, performance and risk management and also manages the Trust’s capital structure at both the entity and asset level.
	As of December 31, 2013, the Trust had no employees and did not maintain any physical properties. The Trust’s operations are conducted at the corporate offices of the Trust’s Advisor at 1301 Municipal Way, Grapevine, Texas 76051. On February 3, 2014, our board of trustees appointed Stacey H. Dwyer as our Chief Operating Officer, effective February 17, 2014. See Note R – Subsequent Events for further discussion.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies [Text Block]	'
	B. Summary of Significant Accounting Policies
	Restatement
	We are restating our previously issued (i) consolidated balance sheets included in our Annual Reports on Form 10-K as of December 31, 2012, 2011, 2010 and 2009 and (ii) consolidated statements of operations, consolidated statements of changes in shareholders’ equity, and consolidated statements of cash flows for the years ended December 31, 2012, 2011, 2010 and 2009 (the “Restatement”). We do not plan to file amendments to any of our previously filed Annual Reports on Form 10-K in connection with the Restatement and, instead, will present all of the restated annual financial statements referred to above in this Annual Report on Form 10-K.
	In addition, the error that requires us to restate the annual financial statements referred to above materially impacted each of our quarters beginning with the quarter ended March 31, 2010 through the quarter ended September 30, 2013. As a result, we intend to restate our previously issued (i) consolidated balance sheets, (ii) consolidated statements of operations and (iii) consolidated statements of cash flows included in our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013.  We intend to present these restated quarterly financial statements in amendments to our previously filed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013 as soon as practicable following the filing of this Annual Report on Form 10-K. We do not intend to amend our previously filed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010 through September 30, 2012; however, as we reported in our Current Report on Form 8-K filed on April 4, 2014, the financial statements included in our Quarterly Reports on Form 10-Q for each of the periods beginning with the quarter ended March 31, 2010 through September 30, 2013 should not be relied upon. In this Annual Report on Form 10-K, the annual and interim periods from the year ended December 31, 2009 through the quarter ended September 30, 2013 are collectively referred to as the “Restatement Period.”
	The impact of the Restatement is included in this Annual Report on Form 10-K, and is more specifically described in Notes C and Q below, and in “Item 6 – Selected Financial Data” and “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Annual Report on Form 10-K.
	A summary of our significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:
	Basis of Presentation
	These consolidated audited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Trust and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
	Use of Estimates
	The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from these estimates and assumptions.
	Cash and Cash Equivalents
	We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. At December 31, 2013 and 2012, there were no such amounts included in cash and cash equivalents.
	Restricted Cash
	Restricted cash includes monies held in escrow with respect to subscriptions for shares of beneficial interest, deposits associated with certain guarantees, and investments with maturities greater than three months.
	Loan Participation Interest – Related Parties
	Loan participation interest – related parties are recorded at the lower of cost or net realizable value. Loan participation interest – related parties represents the purchase of a financial interest in certain interim construction loan, paper lot (residential lots shown on a plat that has been accepted by the city or county, but which is currently undeveloped or under development) loan and finished lot loan facilities originated by our affiliates. We participate in these loans by funding the lending obligations of our affiliates under these credit facilities up to a maximum amount for each participation. Such participations entitle us to receive payments of principal and interest from the borrower up to the amounts funded by us and interest on the funded amounts from the borrower. The participation interests in interim construction loan facilities are collateralized by first lien deeds of trust on the homes financed under the construction loans. The participation interests in paper lot loan and finished lot loan facilities are collateralized by one or more of the following: first or second lien deeds of trust, a pledge of ownership interests in the borrower, assignments of lot sale contracts, or reimbursements of development costs due to the borrower under contracts with districts and cities. None of such loans are insured or guaranteed by a federally owned or guaranteed mortgage agency. The participations have terms ranging from 12 to 31 months and bear interest at rates ranging from 12% to 15%. The participation interests may be paid off prior to maturity; however, we intend to hold all participation interests for the life of the loans.
	Notes Receivable and Notes Receivable – Related Parties
	Notes receivable and notes receivable – related parties are recorded at the lower of cost or net realizable value. The notes are collateralized by one or more of the following: first or second lien deeds of trust, a pledge of ownership interests in the borrower, assignments of lot sale contracts, or reimbursements of development costs due to the borrower under contracts with districts and cities. None of such notes are insured or guaranteed by a federally owned or guaranteed mortgage agency. The notes have terms ranging from 3 to 48 months and bear interest at rates ranging from 11% to 15%. The notes may be paid off prior to maturity; however, we intend to hold all notes for the life of the notes.
	Real Estate Owned
	Real estate owned is stated at cost, which includes costs associated with the acquisition of the real estate, unless it is determined that the value has been impaired, in which case the real estate owned would be reduced to fair value.
	Real estate owned consists of finished single-family residential lots purchased by UDF IV LBI, UDF IV LBII and UDF IV LBIII (collectively, the “UDF IV LB Entities”) from third party builders. Each UDF IV LB Entity has entered into a lot option agreement with each builder whereby the builder will reacquire the lots in accordance with a takedown schedule for a pre-determined lot price (the “base lot price”) identified in the lot option agreement. In consideration for the right to repurchase the lots from the UDF IV LB Entity, each builder provided the UDF IV LB entity a non-refundable earnest money deposit, a portion of which will be applied to the purchase price of each lot, as it is repurchased. In addition, each builder has agreed to pay the appropriate UDF IV LB Entity a monthly option fee equal to one twelfth of 13% of the base lot price of the lots the builder has not yet reacquired from the UDF IV LB Entity. If the builder does not perform in accordance with the terms of the lot option agreement, the builder will forfeit the remaining earnest money deposit and the lots can be sold to another builder. As of December 31, 2013, the lot option agreements have terms ranging from 18 to 24 months.
	Allowance for Loan Losses
	The allowance for loan losses is our estimate of incurred losses in our portfolio of notes receivable, notes receivable – related parties and loan participation interest – related parties. We periodically perform a detailed review of our portfolio of notes and other loans to determine if impairment has occurred and to assess the adequacy of the allowance for loan losses. Our review consists of evaluating economic conditions, the estimated value of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral, and other relevant factors. This review is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.
	In reviewing our portfolio, we use cash flow estimates from the disposition of finished lots, paper lots and undeveloped land as well as cash flow received from the issuance of bonds from municipal reimbursement districts. These estimates are based on current market metrics, including, without limitation, the supply of finished lots, paper lots and undeveloped land; the supply of homes and the rate and price at which land and homes are sold; historic levels and trends; executed contracts; appraisals and discussions with third party market analysts and participants, including homebuilders. We have based our valuations on current and historic market trends on our analysis of market events and conditions, including activity within our portfolio, and on the analysis of third-party services such as Metrostudy and Residential Strategies, Inc. Cash flow forecasts also have been based on executed purchase contracts which provide base prices, escalation rates, and absorption rates on an individual project basis. For projects deemed to have an extended time horizon for disposition, we have considered third-party appraisals to provide a valuation in accordance with guidelines set forth in the Uniform Standards of Professional Appraisal Practice. In addition to cash flows from the disposition of property, cost analysis has been performed based on estimates of development and senior financing expenditures provided by developers and independent professionals on a project-by-project basis. These amounts have been reconciled with our best estimates to establish the net realizable value of the portfolio.
	We charge additions to the allowance for loan losses to current period earnings through a provision for loan losses. Amounts determined to be uncollectible are charged directly against, or “charged off,” and decrease the allowance for loan losses, while amounts recovered on previously charged off accounts increase the allowance.
	Organization and Offering Expenses
	Organization costs will be expensed as incurred in accordance with Statement of Position 98-5, Reporting on the Costs of Start-up Activities, currently within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 720-15. Offering costs related to raising capital from debt will be capitalized and amortized over the term of such debt. Offering costs related to raising capital from equity reduce equity and are reflected as shares issuance costs in shareholders’ equity. Certain offering costs were paid by our Advisor. As discussed in Note O to the consolidated financial statements, these costs have been reimbursed to our Advisor by the Trust.
	Investor Subscriptions Receivable
	Investor subscriptions receivable represents amounts receivable from our transfer agent related to investments they have admitted in connection with our initial public offering. See Note D – Registration Statement for further discussion of our offering. Our transfer agent processed investor admissions on a daily basis, then sent the proceeds of each admission to us the subsequent day. The investor subscriptions receivable represents our receivable related to the previous day’s investor admissions.
	Interest Income and Non-Interest Income Recognition
	Interest income on loan participation interest – related parties, notes receivable and notes receivable – related parties is recognized over the life of the participation agreement or note agreement and recorded on the accrual basis. A loan is placed on non-accrual status and income recognition is suspended at the date at which, in the opinion of management, a full recovery of income and principal becomes more likely than not, but is no longer probable, based upon our review of economic conditions, the estimated value of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors. Income recognition is resumed when the loan becomes contractually current and performance is demonstrated to be resumed. Any payments received on loans classified as non-accrual status are typically applied first to outstanding loan amounts and then to the recovery of lost interest. As of December 31, 2013 and 2012, we were accruing interest on all loan participation interest – related parties, notes receivable and notes receivable – related parties.
	Commitment fee income and commitment fee income – related parties represents non-refundable fees charged to borrowers for entering into an obligation that commits us to make or acquire a loan or to satisfy a financial obligation of the borrower when certain conditions are met within a specified time period. When a commitment is considered an integral part of the resulting loan and we believe there is a reasonable expectation that the commitment will be called upon, the commitment fee is recognized as revenue over the life of the resulting loan. As of December 31, 2013 and 2012, approximately $2.5 million and $970,000, respectively, of unamortized commitment fees are included as an offset of notes receivable. Approximately $164,000 and $263,000 of unamortized commitment fees are included as an offset of notes receivable – related parties as of December 31, 2013 and 2012, respectively. When we believe it is unlikely that the commitment will be called upon or that the fee is not an integral part of the return of a specific future lending arrangement, the commitment fee is recognized as income when it is earned, based on the specific terms of the commitment. We make a determination of revenue recognition on a case by case basis, due to the unique and varying terms of each commitment.
	In addition, commitment fee income includes option fees earned by us in connection with option agreements we have entered into to sell lots that are included in real estate owned. Option fees are recorded over the life of the lot option agreement as earned, pursuant to the terms of the lot option agreement.
	Real estate owned – property sales income and real estate owned – property sales cost are recorded as lots are sold to builders.
	Acquisition and Origination Fees
	We incur acquisition and origination fees, payable to UMTH LD, our asset manager, equal to 3% of the net amount available for investment in secured loans and other real estate assets (“Acquisition and Origination Fees”); provided, however, that we will not incur Acquisition and Origination Fees with respect to any asset level indebtedness we incur. The Acquisition and Origination Fees that we incur will be reduced by the amount of any acquisition and origination fees and expenses paid by borrowers or investment entities to our Advisor or affiliates of our Advisor with respect to our investment. We will not incur any Acquisition and Origination Fees with respect to any participation agreement we enter into with our affiliates or any affiliates of our Advisor for which our Advisor or affiliates of our Advisor have previously received acquisition and origination fees and expenses from such affiliate with respect to the same secured loan or other real estate asset. Acquisition and Origination Fees are expensed as incurred. See Note C for further discussion of the Restatement associated with Acquisition and Origination Fees.
	Income Taxes
	We made an election under Section 856(c) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), to be taxed as a real estate investment trust (“REIT”), beginning with the taxable year ended December 31, 2010. As a REIT, we generally are not subject to federal income tax on income that we distribute to our shareholders. If we later fail to qualify as a REIT in any taxable year, we will be subject to federal income tax on our taxable income at regular corporate rates and may not be permitted to qualify for treatment as a REIT for federal income tax purposes for four years following the year in which our qualification is denied unless we are entitled to relief under certain statutory provisions. Such an event could materially and adversely affect our net income. However, we intend to continue to operate so as to remain qualified as a REIT for federal income tax purposes.
	FASB ASC 740 prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. In accordance with FASB ASC 740, we must determine whether it is more likely than not that a tax position will be sustained upon examination based on the technical merits of the position. We believe we have no such uncertain positions.
	We file income tax returns in the United States federal jurisdiction. At December 31, 2013, tax returns related to fiscal years ended December 31, 2010 through December 31, 2013 remain open to possible examination by the tax authorities. No tax returns are currently under examination by any tax authorities. We did not incur any penalties or interest during the years ended December 31, 2013 and 2012.
	Fair Value of Financial Instruments
	In accordance with the reporting requirements of FASB ASC 825-10, Financial Instruments-Fair Value, we calculate the fair value of our assets and liabilities which qualify as financial instruments under this statement and include this additional information in the notes to the financial statements when the fair value is different than the carrying value of those financial instruments. The estimated fair value of restricted cash, accrued interest receivable, accrued receivable – related parties, accounts payable, accrued liabilities and accrued liabilities – related parties approximates the carrying amounts due to the relatively short maturity of these instruments. The estimated fair value of notes receivable, notes receivable – related parties, loan participation interest – related parties, senior credit facility, lines of credit and notes payable approximate the carrying amount since they bear interest at the market rate.
	Guarantees
	From time to time we enter into guarantees of debtor’s or affiliates’ borrowings and provide credit enhancements for the benefit of senior lenders in connection with our debtors and investments (collectively referred to as “guarantees”), and we account for such guarantees in accordance with FASB ASC 460-10, Guarantees.
	Reclassifications
	Certain reclassifications have been made to prior period amounts in order to conform with the current year presentation.

Restatement

Restatement	12 Months Ended
	Dec. 31, 2013
Restatement [Abstract]	'
Restated Financial Information [Text Block]	'
	C. Restatement
	In December 2013, we commenced an inquiry into our historical accounting practice for the capitalization and amortization of Acquisition and Origination Fees that we incurred since our inception. As a result of this inquiry, we identified instances where our historical accounting practice was not in compliance with GAAP.
	From the year ended December 31, 2009 through the quarter ended September 30, 2013, we capitalized Acquisition and Origination Fees incurred and amortized them into expense on a straight-line basis over our expected economic life. GAAP guidance in ASC Subtopic 310-20, Nonrefundable Fees and Other Costs (“ASC 310-20”) requires direct loan origination costs, including the portion of total compensation paid to employees engaged in direct loan origination activities, to be capitalized and amortized into expense over the life of the related loan, provided that records are  available in sufficient detail to reliably determine the amount of qualifying direct loan origination costs incurred. In our case, employees of UMTH LD were performing loan origination activities in consideration for our payment of Acquisition and Origination Fees. However, UMTH LD did not maintain (and we did not require them to maintain) contemporaneous, sufficiently detailed time records on a loan by loan basis for all years that would provide evidence of the amount of time allocable to direct loan origination activities and thus the amount of Acquisition and Origination Fees allowable for deferral under ASC 310-20. Thus, we have determined that we were unable to reasonably determine the amount of Acquisition and Origination Fees allowable for deferral under ASC 310-20. As a result, we have restated our previously issued financial results to expense the Acquisition and Origination Fees as incurred, rather than capitalizing and amortizing them into expense over the life of the loan.
	The following tables present the effects of the Restatement described above on the affected line items within the Trust’s previously reported consolidated balance sheets as of December 31, 2012, 2011, 2010 and 2009.
		As of December 31, 2012
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	29,743,602	$	-350,286	$	29,393,316
	Notes receivable, net	$	246,450,255	$	-6,477,654	$	239,972,601
	Notes receivable - related parties, net	$	29,350,382	$	-1,564,167	$	27,786,215
	Total assets	$	344,871,174	$	-8,392,107	$	336,479,067
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-3,062,972	$	-8,392,107	$	-11,455,079
	Total liabilities and shareholders' equity	$	344,871,174	$	-8,392,107	$	336,479,067
		As of December 31, 2011
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	23,036,428	$	-279,628	$	22,756,800
	Notes receivable, net	$	109,070,679	$	-3,163,136	$	105,907,543
	Notes receivable - related parties, net	$	14,308,463	$	-619,317	$	13,689,146
	Total assets	$	166,455,733	$	-4,062,081	$	162,393,652
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-506,043	$	-4,062,081	$	-4,568,124
	Total liabilities and shareholders' equity	$	166,455,733	$	-4,062,081	$	162,393,652
		As of December 31, 2010
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	6,190,133	$	-398,489	$	5,791,644
	Notes receivable, net	$	53,800,754	$	-1,476,811	$	52,323,943
	Notes receivable - related parties, net	$	5,627,299	$	-149,755	$	5,477,544
	Total assets	$	79,570,784	$	-2,025,055	$	77,545,729
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-132,950	$	-2,025,055	$	-2,158,005
	Total liabilities and shareholders' equity	$	79,570,784	$	-2,025,055	$	77,545,729
		As of December 31, 2009
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	1,380,757	$	-40,216	$	1,340,541
	Total assets	$	8,308,756	$	-40,216	$	8,268,540
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-25,329	$	-40,216	$	-65,545
	Total liabilities and shareholders' equity	$	8,308,756	$	-40,216	$	8,268,540
	The following tables present the effects of the Restatement described above on the affected line items within the Trust’s previously reported consolidated statements of operations for the years ended December 31, 2012, 2011, 2010 and 2009.
		Year Ended December 31, 2012
		As Previously
		Reported		Adjustment		As Restated
	General and administrative - related parties	$	1,256,905	$	4,330,026	$	5,586,931
	Total noninterest expense	$	6,685,246	$	4,330,026	$	11,015,272
	Net income	$	18,226,269	$	-4,330,026	$	13,896,243
	Net income per weighted average share outstanding	$	1.53	$	-0.36	$	1.17
		Year Ended December 31, 2011
		As Previously
		Reported		Adjustment		As Restated
	General and administrative - related parties	$	736,896	$	2,037,026	$	2,773,922
	Total noninterest expense	$	3,174,864	$	2,037,026	$	5,211,890
	Net income	$	7,879,688	$	-2,037,026	$	5,842,662
	Net income per weighted average share outstanding	$	1.66	$	-0.43	$	1.23
		Year Ended December 31, 2010
		As Previously
	Reported		Adjustment		As Restated
General and administrative - related parties	$	345,314	$	1,984,839	$	2,330,153
Total noninterest expense	$	1,114,188	$	1,984,839	$	3,099,027
Net income	$	2,225,937	$	-1,984,839	$	241,098
Net income per weighted average share outstanding	$	1.67	$	-1.49	$	0.18
	Year Ended December 31, 2009
	As Previously
	Reported		Adjustment		As Restated
General and administrative - related parties	$	-	$	40,216	$	40,216
Total noninterest expense	$	25,959	$	40,216	$	66,175
Net loss	$	-21,712	$	-40,216	$	-61,928
Net loss per weighted average share outstanding	$	-1.63	$	-3.03	$	-4.66
The following table presents the effects of the Restatement described above on the affected line items within the Trust’s previously reported consolidated statements of changes in shareholders’ equity for the years ended December 31, 2012, 2011, 2010 and 2009.
	Retained Earnings (Accumulated Deficit)						Total Shareholders' Equity
	As Previously		Adjustment		As Restated		As Previously		Adjustment		As Restated
	Reported						Reported
Balance at December 31, 2008	$	379	$	-	$	379	$	200,379	$	-	$	200,379
Net loss	$	-21,712	$	-40,216	$	-61,928	$	-21,712	$	-40,216	$	-61,928
Balance at December 31, 2009	$	-25,329	$	-40,216	$	-65,545	$	2,083,972	$	-40,216	$	2,043,756
Net income	$	2,225,937	$	-1,984,839	$	241,098	$	2,225,937	$	-1,984,839	$	241,098
Balance at December 31, 2010	$	-132,950	$	-2,025,055	$	-2,158,005	$	46,594,239	$	-2,025,055	$	44,569,184
Net income	$	7,879,688	$	-2,037,026	$	5,842,662	$	7,879,688	$	-2,037,026	$	5,842,662
Balance at December 31, 2011	$	-506,043	$	-4,062,081	$	-4,568,124	$	128,305,629	$	-4,062,081	$	124,243,548
Net income	$	18,226,269	$	-4,330,026	$	13,896,243	$	18,226,269	$	-4,330,026	$	13,896,243
Balance at December 31, 2012	$	-3,062,972	$	-8,392,107	$	-11,455,079	$	302,692,859	$	-8,392,107	$	294,300,752
The following tables present the effects of the Restatement described above on the affected line items within the Trust’s previously reported consolidated statements of cash flows for the years ended December 31, 2012, 2011, 2010 and 2009.
	Year Ended December 31, 2012
	As Previously
	Reported		Adjustment		As Restated
Operating Activities
Net income	$	18,226,269	$	-4,330,026	$	13,896,243
Net cash provided by operating activities	$	14,095,156	$	-4,330,026	$	9,765,130
Investing Activities
Investments in loan participation interests - related party	$	-10,956,382	$	70,658	$	-10,885,724
Investments in notes receivable	$	-172,569,883	$	3,314,518	$	-169,255,365
Investments in notes receivable - related party	$	-21,141,760	$	944,850	$	-20,196,910
Net cash used in investing activities	$	-160,159,569	$	4,330,026	$	-155,829,543
Net increase in cash and cash equivalents	$	17,193,902	$	-	$	17,193,902
	Year Ended December 31, 2011
	As Previously
	Reported		Adjustment		As Restated
Operating Activities
Net income	$	7,879,688	$	-2,037,026	$	5,842,662
Net cash provided by operating activities	$	6,562,260	$	-2,037,026	$	4,525,234
Investing Activities
Investments in loan participation interests - related party	$	-30,321,290	$	-118,861	$	-30,440,151
Investments in notes receivable	$	-83,653,423	$	1,686,325	$	-81,967,098
Investments in notes receivable - related party	$	-16,966,666	$	469,562	$	-16,497,104
Net cash used in investing activities	$	-81,309,824	$	2,037,026	$	-79,272,798
Net increase in cash and cash equivalents	$	3,488,455	$	-	$	3,488,455
	Year Ended December 31, 2010
	As Previously
	Reported		Adjustment		As Restated
Operating Activities
Net income	$	2,225,937	$	-1,984,839	$	241,098
Net cash used in operating activities	$	-802,216	$	-1,984,839	$	-2,787,055
Investing Activities
Investments in loan participation interests - related party	$	-19,289,197	$	358,273	$	-18,930,924
Investments in notes receivable	$	-60,348,498	$	1,476,811	$	-58,871,687
Investments in notes receivable - related party	$	-7,395,577	$	149,755	$	-7,245,822
Net cash used in investing activities	$	-64,353,042	$	1,984,839	$	-62,368,203
Net increase in cash and cash equivalents	$	2,023,190	$	-	$	2,023,190
	Year Ended December 31, 2009
	As Previously
	Reported		Adjustment		As Restated
Operating Activities
Net loss	$	-21,712	$	-40,216	$	-61,928
Net cash used in operating activities	$	-208,019	$	-40,216	$	-248,235
Investing Activities
Investments in loan participation interests - related party	$	-1,380,757	$	40,216	$	-1,340,541
Net cash used in investing activities	$	-1,380,757	$	40,216	$	-1,340,541
Net increase in cash and cash equivalents	$	496,682	$	-	$	496,682

Registration_Statement

Registration Statement	12 Months Ended
	Dec. 31, 2013
Registration Statement [Abstract]	'
Registration Statement [Text Block]	'
	D.   Registration Statement
	On November 12, 2009, the Trust’s Registration Statement on Form S-11, covering an initial public offering (the “Offering”) of up to 25,000,000 common shares of beneficial interest to be offered in the primary offering at a price of $20 per share (the “Primary Offering”), was declared effective under the Securities Act of 1933, as amended. The Offering also initially covered up to 10,000,000 common shares of beneficial interest to be issued pursuant to our distribution reinvestment plan (the “DRIP”) for $20 per share. We had the right to reallocate the common shares of beneficial interest registered in the Offering between the Primary Offering and the DRIP, and pursuant to Supplement No. 6 to our prospectus regarding the Offering, which was filed with the Securities and Exchange Commission (“SEC”) on May 3, 2013, we reallocated the shares being offered to be 34,000,000 shares offered pursuant to the Primary Offering and 1,000,000 shares offered pursuant to the DRIP.  The shares were offered to investors on a reasonable best efforts basis, which means the dealer manager used its reasonable best efforts to sell the shares offered, but was not required to sell any specific number or dollar amount of shares and did not have a firm commitment or obligation to purchase any of the offered shares. The Offering terminated on May 13, 2013.
	On October 19, 2012, we filed a Registration Statement on Form S-11 (Registration No. 333-184508) with the SEC with respect to a proposed follow-on public offering (the “Follow-On Offering”) of up to 20,000,000 common shares of beneficial interest to be offered at a price of $20.00 per share and up to 10,000,000 common shares of beneficial interest to be issued pursuant to our DRIP for $20.00 per share. The Registration Statement on Form S-11 for the proposed Follow-on Offering was withdrawn pursuant to a filing with the SEC on July 3, 2013, and we did not issue any shares under this registration statement.
	On April 19, 2013, we registered 7,500,000 additional common shares of beneficial interest to be offered pursuant to the DRIP in a Registration Statement on Form S-3 (File No. 333-188045) (the “Secondary DRIP”) for $20 per share.  We ceased offering common shares of beneficial interest under the DRIP portion of the Offering upon the termination of the Offering on May 13, 2013, and concurrently began offering our common shares of beneficial interest to our shareholders pursuant to the Secondary DRIP.

Loans_and_Allowance_for_Loan_L

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Financing Receivables [Text Block]	'
	E.   Loans and Allowance for Loan Losses
	All prior year information presented in this footnote has been revised to reflect the effects of the Restatement described in Note C above.
	The table below reflects our aggregate loan portfolio as of December 31, 2013 and 2012, which comprises loan participation interest – related parties, notes receivable, net and notes receivable – related parties and is recorded at the lower of cost or estimated net realizable value. See Note C above for the impact of the Restatement on our aggregate loan portfolio as of December 31, 2011, 2010 and 2009.
			December 31, 2013		December 31, 2012
	Loan participation interest – related parties, net		$	32,910,000	$	29,393,000
	Notes receivable, net			444,720,000		239,973,000
	Notes receivable – related parties, net			30,854,000		27,786,000
	Total		$	508,484,000	$	297,152,000
	Our loans are classified as follows:
			December 31, 2013		December 31, 2012
	Real Estate:
	Construction, acquisition and land development		$	514,993,000	$	300,151,000
	Allowance for loan losses			-3,828,000		-1,766,000
	Unamortized commitment fees			-2,681,000		-1,233,000
	Total		$	508,484,000	$	297,152,000
	As of December 31, 2013, we had originated or purchased 139 loans, including 25 loans that have either been repaid in full by the respective borrower or have matured and have not been renewed. As of December 31, 2012, we had originated or purchased 84 loans, including 16 loans that had either been repaid in full by the respective borrower or had matured and had not been renewed.
	The following table represents the scheduled maturity dates of the 114 loans outstanding as of December 31, 2013:
			Related Party						Non-related party							Total
	Maturity						% of							% of						% of
	Date		Amount		Loans		Total		Amount			Loans		Total		Amount		Loans		Total
	Matured		$	-	-		-		$	-		-		-		$	-	-		-
	2014			34,129,000	12		53	%		255,599,000		35		57	%		289,728,000	47		56	%
	2015			16,987,000	3		27	%		73,007,000		21		16	%		89,994,000	24		17	%
	2016			12,812,000	3		20	%		98,824,000		32		22	%		111,636,000	35		22	%
	2017			-	-		-			23,635,000		8		5	%		23,635,000	8		5	%
	Total		$	63,928,000	18		100	%	$	451,065,000		96		100	%	$	514,993,000	114		100	%
	The following table represents the scheduled maturity dates of the 68 loans outstanding as of December 31, 2012:
			Related Party						Non-related party							Total
	Maturity						% of							% of						% of
	Date		Amount		Loans		Total		Amount			Loans		Total		Amount		Loans		Total
	Matured		$	-	-		-		$	160,000		1		*		$	160,000	1		*
	2013			34,414,000	12		60	%		71,803,000		17		30	%		106,217,000	29		35	%
	2014			4,000,000	2		7	%		118,222,000		14		49	%		122,222,000	16		41	%
	2015			13,020,000	3		23	%		52,523,000		18		21	%		65,543,000	21		22	%
	2016			6,009,000	1		10	%		-		-		-			6,009,000	1		2	%
	Total		$	57,443,000	18		100	%	$	242,708,000		50		100	%	$	300,151,000	68		100	%
	* Less than 1%
	As of December 31, 2013, we have no matured loans.
	As of December 31, 2012, we had 1 matured loan with an aggregate unpaid principal balance of approximately $160,000. This loan matured in December 2012 and full collectability was considered probable, based on our ongoing review of the credit quality of our loan portfolio, discussed in further detail below. In March 2013, we amended this loan, resulting in a new maturity date of June 30, 2013, and in June 2013, this loan was paid in full. In determining whether to modify this loan, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
	The following table describes the loans that were matured as of December 31, 2012, the activity with respect to such loans during the year ended December 31, 2013 and the loans that matured during the twelve months ended December 31, 2013 and remained matured as of December 31, 2013:
													Net Activity
										Matured Loan			During the
										Extensions			Twelve
										During the			Months			Loans
										Twelve Months			Ended			Matured
										Ended			December 31,			During the
										December 31,			2013 on			Twelve
										2013 on Loans			Loans			Months
										Matured as of			Matured as of			Ended
	Maturity						% of			December 31,			December 31,			December 31,							% of
	Date		Amount		Loans		Total			2012 (1)			2012 (2)			2013 (3)		Amount			Loans		Total
			Non-Related
			Matured as of December 31, 2012							2013 Activity (4)								Matured as of December 31, 2013
	2012		$	160,000	1		100	%		$	-		$	-160,000		$	-	$	-			-	-
	Total		$	160,000	1		100	%		$	-		$	-160,000		$	-	$	-			-	-
		-1	Amounts represent aggregate unpaid principal balance as of December 31, 2012 of matured loans as of December 31, 2012 that were extended but not paid in full during the twelve months ended December 31, 2013.
		-2	For loans matured as of December 31, 2012, net loan activity represents all activity on the loans during the twelve months ended December 31, 2013, including accrued interest, payment of fees and expenses, charge-offs and/or repayments.
		-3	Amounts represent aggregate unpaid principal balance as of December 31, 2012 of loans that matured during the twelve months ended December 31, 2013 and remained matured as of December 31, 2013.
		-4	The table does not reflect activity for loans that matured or were due to mature during the twelve months ended December 31, 2013, but were extended on or prior to December 31, 2013.
	A loan is placed on non-accrual status and income recognition is suspended at the date at which, in the opinion of management, a full recovery of income and principal becomes more likely than not, but is no longer probable, based upon our review of economic conditions, the estimated value of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors. Income recognition is resumed when the loan becomes contractually current and performance is demonstrated to be resumed. Any payments received on loans classified as non-accrual status are typically applied first to outstanding loan amounts and then to the recovery of lost interest. As of December 31, 2013 and December 31, 2012, we have not placed any loans on non-accrual status.
	Loans are considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement, including scheduled principal and interest payments. Impairment is generally evaluated on an individual loan basis for each loan in the portfolio. If an individual loan is considered impaired, a specific valuation allowance may be allocated, if necessary, so that the individual loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from collateral. Loans that are not individually considered impaired are collectively and qualitatively measured as a portfolio for general valuation allowance. In reviewing our portfolio for this valuation analysis, we use cash flow estimates from the disposition of finished lots, paper lots (residential lots shown on a plat that has been accepted by the city or county, but which is currently undeveloped or under development) and undeveloped land as well as cash flow received from the issuance of bonds from municipal reimbursement districts. These estimates are based on current market metrics, including, without limitation, the supply of finished lots, paper lots and undeveloped land; the supply of homes and the rate and price at which land and homes are sold; historic levels and trends; executed contracts, appraisals and discussions with third party market analysts and participants, including homebuilders. We base our valuations on current and historic market trends and on our analysis of market events and conditions, including activity within our portfolio, and on the analysis of third-party services such as Metrostudy and Residential Strategies, Inc. Cash flow forecasts also are based on executed purchase contracts which provide base prices, escalation rates, and absorption rates on an individual project basis. For projects deemed to have an extended time horizon for disposition, we consider third-party appraisals to provide a valuation in accordance with guidelines set forth in the Uniform Standards of Professional Appraisal Practice. In addition to cash flows from the disposition of property, cost analysis is performed based on estimates of development and senior financing expenditures provided by developers and independent professionals on a project-by-project basis. These amounts are reconciled with our best estimates to establish the net realizable value of the portfolio.
	Interest is recognized on an accrual basis for impaired loans in which the collectability of the unpaid principal amount is deemed probable. Any payments received on such loans are first applied to outstanding accrued interest receivable and then to outstanding unpaid principal balance. Unpaid principal balance is materially the same as recorded investments. Any payments received on impaired loans in which the collectability of the unpaid principal amount is less than probable are typically applied to outstanding unpaid principal and then to the recovery of lost interest on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible.
	For the year ended December 31, 2013, we did not have any impaired loans and we did not recognize any interest income associated with impaired loans. For the years ended December 31, 2013 and 2012, we did not recognize any cash basis interest income related to impaired loans.
As part of the ongoing monitoring of the credit quality of the loan portfolio, we periodically, no less than quarterly, perform a detailed review of our portfolio of mortgage notes and other loans. The following is a general description of the credit levels used:
Level 1 – Full collectability of loans in this category is considered probable.
Level 2 – Full collectability of loans in this category is deemed more likely than not, but not probable, based upon our review of economic conditions, the estimated value of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors. Interest income is suspended on Level 2 loans.
Level 3 – For loans in this category, it is probable that we will be unable to collect all amounts due.
As of the dates indicated, our loans were classified as follows:
		December 31, 2013		December 31, 2012
Level 1		$	514,993,000	$	300,151,000
Level 2			-		-
Level 3			-		-
Total		$	514,993,000	$	300,151,000
The allowance for loan losses is our estimate of incurred losses in our portfolio of notes receivable, notes receivable – related parties and loan participation interest – related parties. We periodically perform a detailed review of our portfolio of notes and other loans to determine if impairment has occurred and to assess the adequacy of the allowance for loan losses. We charge additions to the allowance for loan losses to current period earnings through a provision for loan losses. Amounts determined to be uncollectible are charged directly against (and decrease) the allowance for loan losses (“charged off”), while amounts recovered on previously charged off amounts increase the allowance for loan losses. The following table summarizes the change in the reserve for loan losses during the years ended December 31, 2013 and 2012, which is offset against notes receivable:
		For the Year Ended		For the Year Ended
		December 31, 2013		December 31, 2012
Balance, beginning of year		$	1,766,000	$	675,000
Provision for loan losses			2,062,000		1,091,000
Charge-offs			-		-
Balance, end of period		$	3,828,000	$	1,766,000
We have adopted the provisions of ASU No. 2011-02, A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring. In accordance with ASU 2011-02, the restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. As of December 31, 2013 and December 31, 2012, we have no loan modifications that are classified as troubled debt restructurings.

Shareholders_Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2013
Stockholders Equity Note [Abstract]	'
Shareholders Equity Note Disclosure [Text Block]	'
	F.   Shareholders’ Equity
	All prior year information presented in this footnote has been revised to reflect the effects of the Restatement described in Note C above.
	On December 18, 2009, the Trust’s initial public subscribers were accepted as shareholders pursuant to the Offering and the subscription proceeds from such initial public subscribers were released to the Trust from escrow.
	As of December 31, 2013, the Trust had issued an aggregate of 32,115,232 common shares of beneficial interest pursuant to the Primary Offering, DRIP and Secondary DRIP, consisting of 30,735,813 common shares of beneficial interest pursuant to the Primary Offering in exchange for gross proceeds of approximately $614.7 million (approximately $535.0 million, net of costs associated with the Primary Offering), 723,617 common shares of beneficial interest in accordance with our DRIP in exchange for gross proceeds of approximately $14.5 million and 655,802 common shares of beneficial interest in accordance with our Secondary DRIP in exchange for gross proceeds of approximately $13.1 million. As of December 31, 2013, the Trust had redeemed an aggregate of 212,907 common shares of beneficial interest at a cost of approximately $4.1 million.
	As of December 31, 2012, the Trust had issued an aggregate of 17,624,839 common shares of beneficial interest pursuant to the Primary Offering and DRIP, consisting of 17,089,857 common shares of beneficial interest pursuant to the Primary Offering in exchange for gross proceeds of approximately $341.8 million (approximately $297.4 million, net of costs associated with the Primary Offering) and 534,982 common shares of beneficial interest in accordance with our DRIP in exchange for gross proceeds of approximately $10.7 million. As of December 31, 2012, the Trust had redeemed an aggregate of 124,531 common shares of beneficial interest at a cost of approximately $2.4 million.
	We must distribute to our shareholders at least 90% of our taxable income each year in order to meet the requirements for being treated as a REIT under the Internal Revenue Code. In accordance with this requirement, we pay daily distributions monthly in arrears to our shareholders. Our distribution rate is determined quarterly by our board of trustees and is dependent on a number of factors, including funds available for payment of distributions, our financial condition, loan funding commitments and annual distribution requirements needed to maintain our status as a REIT under the Internal Revenue Code. In addition to these distributions, in an effort to ensure we distribute at least 90% of our taxable income, our board of trustees will periodically authorize additional, special distributions. All distributions are paid in cash and DRIP shares.
	Our board of trustees has authorized distributions for our shareholders of record as of the close of business on each day for the period commencing on December 18, 2009 and ending on June 30, 2014. For distributions declared for each record date in the December 2009 through June 2011 periods, our distribution rate was $0.0043836 per common share of beneficial interest, which is equal to an annualized distribution rate of 8%, assuming a purchase price of $20.00 per share. For distributions declared for each record date in the July 2011 through June 2014 periods, our distribution rate is $0.0044932 per common share of beneficial interest, which is equal to an annualized distribution rate of 8.2%, assuming a purchase price of $20.00 per share. These distributions are aggregated and paid monthly in arrears. Distributions are paid on or about the 25th day of the respective month. Distributions for shareholders participating in our DRIP and Secondary DRIP are reinvested into our shares on the payment date of each distribution.
	In addition to the distributions discussed above, the following table represents all special distributions authorized by our board of trustees through December 31, 2013:
	Authorization Date (1)		Record Date (2)		Rate (3)			Pay Date (4)
	8-Sep-10		15-Sep-10		$	0.05		15-Oct-10
	8-Sep-10		15-Dec-10		$	0.15		1-Feb-11
	10-Mar-11		30-Apr-11		$	0.1		17-May-11
	27-Jun-11		31-Aug-11		$	0.05		13-Sep-11
	1-Mar-12		30-Apr-12		$	0.05		18-May-12
	15-Aug-12		1-Oct-12		$	0.05		19-Oct-12
	10-Oct-12		14-Dec-12		$	0.05		15-Feb-13
	6-Mar-13		15-Apr-13		$	0.05		17-May-13
		-1	Represents the date the distribution was authorized by our board of trustees.
		-2	All outstanding common shares of beneficial interest as of the record date receive the distribution.
		-3	Represents the distribution rate per common share of beneficial interest on the record date.
		-4	Represents the date the special distribution was paid or will be paid in cash and DRIP or Secondary DRIP shares.
			As of December 31, 2013, we have made the following distributions to our shareholders in 2013:
	Period Ended		Date Paid		Distribution
					Amount
	December 31, 2012		January 16, 2013		$	2,385,000
	December 14, 2012		February 15, 2013			856,000
	January 31, 2013		February 22, 2013			2,494,000
	February 28, 2013		March 22, 2013			2,353,000
	March 31, 2013		April 23, 2013			2,772,000
	April 15, 2013		May 17, 2013			1,094,000
	30-Apr-13		23-May-13			2,964,000
	31-May-13		21-Jun-13			3,800,000
	30-Jun-13		23-Jul-13			4,143,000
	31-Jul-13		22-Aug-13			4,381,000
	31-Aug-13		21-Sep-13			4,391,000
	30-Sep-13		23-Oct-13			4,260,000
	31-Oct-13		21-Nov-13			4,412,000
	30-Nov-13		23-Dec-13			4,280,000
					$	44,585,000
	For the year ended December 31, 2013, we paid distributions of approximately $44.6 million ($27.7 million in cash and $16.9 million in our common shares of beneficial interest pursuant to our DRIP and Secondary DRIP), as compared to cash flows provided by operations of approximately $24.5 million. From May 28, 2008 (Date of Inception) through December 31, 2013, we paid cumulative distributions of approximately $74.0 million. As of December 31, 2013, we had approximately $2.7 million of cash distributions declared that were paid subsequent to period end.
	The distributions paid during the years ended December 31, 2013 and 2012, along with the amount of distributions reinvested pursuant to our DRIP and the sources of our distributions are reflected in the table below. In connection with the Restatement, cash payments to UMTH LD associated with Acquisition and Origination Fees were reclassified from investing activities to operating activities, thus reducing operating cash available for distributions. The impact of the Restatement on the tables below is more specifically described in Note C above. The sources of distributions in the table below have been adjusted to reflect the impact of the Restatement.
			Years Ended December 31,
			2013						2012
	Distributions paid in cash		$	27,697,000					$	12,476,000
	Distributions reinvested			16,888,000						6,974,000
	Total distributions		$	44,585,000					$	19,450,000
	Source of distributions:
	Cash from operations		$	24,512,000		55	%		$	9,765,000	50	%
	Proceeds from the Offering			13,521,000		30	%			-	-
	Borrowings under credit facilities			6,552,000		15	%			9,685,000	50	%
	Total sources		$	44,585,000		100	%		$	19,450,000	100	%
	The following table reflects the impact of the Restatement on the sources of distributions paid during the years ended December 31, 2011 and 2010. We did not pay any distributions for the year ended December 31, 2009.
			Year Ended December 31,
			2011						2010
	Source of distributions:
	Cash from operations		$	4,525,000		56	%		$	-	-
	Borrowings under credit facilities			3,556,000		44	%			1,886,000	100	%
	Total sources		$	8,081,000		100	%		$	1,886,000	100	%
	In our initial quarters of operations, and from time to time thereafter, we did not generate enough cash flow from operations to fully fund distributions declared. Therefore, some or all of our distributions are paid from sources other than operating cash flow, such as proceeds from our Offering and borrowings (including borrowings secured by our assets) in anticipation of future operating cash flow. Distributions in excess of our operating cash flows have been funded via financing activities, specifically proceeds from issuance of common shares of beneficial interest and borrowings under our credit facilities, consistent with our intent to use our credit facilities to meet our investment and distribution cash requirements throughout our initial period of operations.
	We utilize cash to fund operating expenses, make investments, service debt obligations and pay distributions. We receive cash from operations (which includes interest payments) as well as cash from investing activities (which includes repayment of principal on loans we have made) and financing activities (which includes borrowing proceeds and additional capital from the sale of our shares). We have secured a note payable and lines of credit to manage the timing of our cash receipts and funding requirements. Over the long term, we expect that substantially all of our distributions will be funded from operating cash flow.

Share_Redemption_Program

Share Redemption Program	12 Months Ended
	Dec. 31, 2013
Unit Redemption Program [Abstract]	'
Share Redemption Program [Text Block]	'
	G.   Share Redemption Program
	We have adopted a share redemption program that enables our shareholders to sell their shares back to us in limited circumstances. Generally, this program permits shareholders to sell their shares back to us after they have held them for at least one year. Except for redemptions upon the death of a shareholder (in which case we may waive the minimum holding periods), the purchase price for the redeemed shares, for the period beginning after a shareholder has held the shares for a period of one year, will be (1) 92% of the purchase price actually paid for any shares held less than two years, (2) 94% of the purchase price actually paid for any shares held for at least two years but less than three years, (3) 96% of the purchase price actually paid for any shares held at least three years but less than four years, (4) 98% of the purchase price actually paid for any shares held at least four years but less than five years and (5) for any shares held at least five years, the lesser of the purchase price actually paid or the then-current fair market value of the shares as determined by the most recent annual valuation of our shares. The purchase price for shares redeemed upon the death of a shareholder will be the lesser of (1) the purchase price the shareholder actually paid for the shares or (2) $20.00 per share.
	We reserve the right in our sole discretion at any time and from time to time to (1) waive the one-year holding period in the event of the death or bankruptcy of a shareholder or other exigent circumstances, (2) reject any request for redemption, (3) change the purchase price for redemptions, or (4) terminate, suspend and/or reestablish our share redemption program. In respect of shares redeemed upon the death of a shareholder, we will not redeem in excess of 1% of the weighted average number of shares outstanding during the twelve-month period immediately prior to the date of redemption, and the total number of shares we may redeem at any time will not exceed 5% of the weighted average number of shares outstanding during the trailing twelve-month period prior to the redemption date. Our board of trustees will determine from time to time whether we have sufficient excess cash from operations to repurchase shares. Generally, the cash available for redemption will be limited to 1% of the operating cash flow from the previous fiscal year, plus any net proceeds from our DRIP and Secondary DRIP.
	The Trust complies with FASB ASC 480-10, Distinguishing Liabilities from Equity, which requires, among other things, that financial instruments that represent a mandatory obligation of the Trust to repurchase shares be classified as liabilities and reported at settlement value.  We believe that shares tendered for redemption by the shareholder under the Trust’s share redemption program do not represent a mandatory obligation until such redemptions are approved at our discretion.  At such time, we will reclassify such obligations from equity to an accrued liability based upon their respective settlement values. As of December 31, 2013, we did not have any approved redemption requests included in our liabilities.
	The following table summarizes the redemption activity for the years ended December 31, 2013 and 2012. The amounts presented are in total shares:
		December 31, 2013		December 31, 2012
	Balance, beginning of year		-	-
	Redemption requests received		88,376	96,016
	Shares redeemed		-88,376	-96,016
	Balance, end of period		-	-
	Shares redeemed are included in treasury stock in the consolidated balance sheet.

Organizational_and_Offering_Co

Organizational and Offering Compensation	12 Months Ended
	Dec. 31, 2013
Deferred Offering Costs [Abstract]	'
Organizational and Offering Compensation [Text Block]	'
	H.   Organizational and Offering Compensation
	Various parties received compensation as a result of the Offering, including the Advisor, affiliates of the Advisor, the dealer manager and soliciting dealers. The Advisor or an affiliate of the Advisor funded organization and offering costs on the Trust’s behalf and our Advisor has been paid by the Trust for such costs in an amount equal to 3% of the gross offering proceeds raised by the Trust in the Offering (the “O&O Reimbursement”) less any offering costs paid by the Trust directly (except that no organization and offering expenses will be reimbursed with respect to sales under the DRIP and Secondary DRIP). Payments to the dealer manager include selling commissions (6.5% of gross offering proceeds, except that no commissions are paid with respect to sales under the DRIP and Secondary DRIP) and dealer manager fees (up to 3.5% of gross offering proceeds, except that no dealer manager fees are paid with respect to sales under the DRIP and Secondary DRIP).

Operational_Compensation

Operational Compensation	12 Months Ended
	Dec. 31, 2013
Operational Compensation [Abstract]	'
Advisor Operational Stage Payments [Text Block]	'
	I.   Operational Compensation
	The Advisor or its affiliates will receive Acquisition and Origination Fees as described in Note B. Acquisition and Origination Fees will not be paid with respect to any asset level indebtedness the Trust incurs. Acquisition and Origination Fees incurred by the Trust will be reduced by the amount of any acquisition and origination fees and expenses paid by borrowers or investment entities to the Advisor or affiliates of the Advisor with respect to the investment. The Trust will not incur any Acquisition and Origination Fees with respect to any participation agreement the Trust enters into with its affiliates or any affiliates of the Advisor for which the Advisor or affiliates of the Advisor previously has received acquisition and origination fees and expenses from such affiliate with respect to the same secured loan or other real estate asset.
	The Advisor will receive advisory fees of 2% per annum of the average of invested assets (“Advisory Fees”), including secured loan assets; provided, however, that no Advisory Fees will be paid with respect to any asset level indebtedness the Trust incurs. The fee will be payable monthly in an amount equal to one-twelfth of 2% of the Trust’s average invested assets, including secured loan assets, as of the last day of the immediately preceding month.
	The Advisor will receive 1% of the amount made available to the Trust pursuant to the origination of any line of credit or other debt financing, provided that the Advisor has provided a substantial amount of services as determined by the Trust’s independent trustees and, on each anniversary date of the origination of any such line of credit or other debt financing, an additional fee of 0.25% of the primary loan amount (collectively, “Debt Financing Fees”) will be paid if such line of credit or other debt financing continues to be outstanding on such date, or a prorated portion of such additional fee will be paid for the portion of such year that the financing was outstanding.
	The Trust will reimburse the expenses incurred by the Advisor in connection with its provision of services to the Trust (the “Advisor Expense Reimbursement”), including the Trust’s allocable share of the Advisor’s overhead, such as rent, personnel costs, utilities and IT costs. The Trust will not reimburse the Advisor for personnel costs in connection with services for which the Advisor or its affiliates receive other fees.
	The Advisor will receive 15% of the amount by which the Trust’s net income for the immediately preceding year exceeds a 10% per annum return on aggregate capital contributions, as adjusted to reflect prior cash distributions to shareholders which constitute a return of capital. This fee will be paid annually and upon termination of the advisory agreement.

DispositionLiquidation_Compens

Disposition/Liquidation Compensation	12 Months Ended
	Dec. 31, 2013
Disposition Liquidation Compensation [Abstract]	'
Advisor Disposition Stage Payments [Text Block]	'
	J.   Disposition/Liquidation Compensation
	Upon successful sales by the Trust of securitized loan pool interests, the Advisor will be paid a securitized loan pool placement fee equal to 2% of the net proceeds realized by the Trust, provided the Advisor or an affiliate of the Advisor has provided a substantial amount of services as determined by the Trust’s independent trustees.
	For substantial assistance in connection with the sale of properties, the Trust will pay the Advisor or its affiliates disposition fees of the lesser of one-half of the reasonable and customary real estate or brokerage commission or 2% of the contract sales price of each property sold; provided, however, in no event may the disposition fees paid to the Advisor, its affiliates and unaffiliated third parties exceed 6% of the contract sales price. The Trust’s independent trustees will determine whether the Advisor or its affiliate has provided substantial assistance to the Trust in connection with the sale of a property. Substantial assistance in connection with the sale of a property includes the Advisor’s preparation of an investment package for the property (including a new investment analysis, rent rolls, tenant information regarding credit, a property title report, an environmental report, a structural report and exhibits) or such other substantial services performed by the Advisor in connection with a sale.
	Upon listing the Trust’s common shares of beneficial interest on a national securities exchange, the Advisor will be entitled to a fee equal to 15% of the amount, if any, by which (1) the market value of the Trust’s outstanding shares plus distributions paid by the Trust prior to listing, exceeds (2) the sum of the total amount of capital raised from investors and the amount of cash flow necessary to generate a 10% annual cumulative, non-compounded return to investors.

Real_Estate_Owned

Real Estate Owned	12 Months Ended
	Dec. 31, 2013
Real Estate Assets Held for Development and Sale [Abstract]	'
Real Estate Owned [Text Block]	'
	K.   Real Estate Owned
	Real estate owned consists of finished single-family residential lots purchased by the UDF IV LB Entities from third party builders. The following table summarizes the purchase and sale activity associated with these lots for the years ended December 31, 2013 and 2012.
		December 31, 2013		December 31, 2012
	Real estate owned, beginning of period	$	-	-
	Purchases of lots		9,017,000	-
	Sales of lots		-780,000	-
	Real estate owned, end of period	$	8,237,000	-

Notes_Payable_and_Lines_of_Cre

Notes Payable and Lines of Credit	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	L.   Notes Payable and Lines of Credit
	Credit Facility
	On February 5, 2010, during the credit crisis in which financial institutions severely reduced the number of loans made to entities involved in real estate, we obtained a revolving credit facility in the maximum principal amount of $8.0 million (the “Credit Facility”) from Raley Holdings, LLC, an unaffiliated company (“Raley Holdings”). The interest rate on the Credit Facility was equal to 8.5% per annum and accrued  interest on the outstanding principal amount of the Credit Facility was payable monthly. Effective August 10, 2010, the Credit Facility was amended to increase the maximum principal amount to $20.0 million, pursuant to the First Amendment to Secured Line of Credit Promissory Note between us and Raley Holdings. The Credit Facility was subsequently amended three additional times pursuant to three separate extension agreements that extended the maturity date of the credit facility to February 5, 2014. The Credit Facility was secured by a first priority collateral assignment and lien on certain of our assets. The Credit Facility was paid in full and terminated in June 2013.
	In connection with this Credit Facility, we agreed to pay Debt Financing Fees to UMTH GS. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	UDF IV HF CTB LOC
	On May 19, 2010, UDF IV HF entered into a $6.0 million revolving line of credit (the “UDF IV HF CTB LOC”) with Community Trust Bank of Texas (“CTB”). Pursuant to an amendment entered into on July 31, 2013, the maturity date of the UDF IV HF CTB LOC was extended from February 19, 2014 to July 30, 2015, the interest rate was modified to prime plus 1%, subject to a floor of 4.25% (4.25% at December 31, 2013) and the revolving line was increased to $10.0 million. Proceeds from the line of credit will be used to fund our obligations under our interim home construction loan agreements. Advances are subject to a borrowing base and are secured by a first priority collateral assignment and lien on certain mortgage notes and construction loans held by UDF IV HF. Principal and all unpaid interest will be due at maturity. The UDF IV HF CTB LOC is guaranteed by us and by United Development Funding III, L.P. (“UDF III”), an affiliated and publicly registered Delaware limited partnership. UMTH LD, our asset manager, is the general partner for UDF III.
	In connection with this line of credit, UDF IV HF has agreed to pay origination fees totaling $90,000 to CTB. In addition, UDF IV HF has agreed to pay Debt Financing Fees to UMTH GS associated with the UDF IV HF CTB LOC and, in consideration for its guarantee of the UDF IV HF CTB LOC, UDF IV HF agreed to pay an annual credit enhancement fee equal to 1% of the line of credit amount to UDF III. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	CTB Revolver
	Effective August 19, 2010, UDF IV AC obtained a three-year revolving credit facility in the maximum principal amount of $8.0 million (the “CTB Revolver”) from CTB pursuant to a Revolving Loan Agreement (the “Revolver Loan Agreement”). Accrued interest on the outstanding principal amount of the CTB Revolver is payable monthly. The CTB Revolver is secured by a first priority collateral assignment and lien on the loans purchased or held by UDF IV AC, and by a first lien security interest in all of UDF IV AC’s assets. Pursuant to an amendment entered into on April 11, 2013, CTB increased its commitment under the CTB Revolver from $8.0 million to $15.0 million. Effective August 19, 2013, UDF IV AC entered into the Loan Modification Agreement with CTB, pursuant to which the maturity date of the CTB Revolver was extended to July 30, 2015 and the interest rate was modified to prime plus 1%, subject to a floor of 4.25% (4.25% at December 31, 2013). The CTB Revolver is guaranteed by us and by UDF III.
	In connection with the CTB Revolver, as amended, UDF IV AC has agreed to pay origination fees totaling $150,000 to CTB. In addition, UDF IV AC agreed to pay Debt Financing Fees to UMTH GS in connection with the CTB Revolver and, in consideration for UDF III guaranteeing the CTB Revolver, UDF IV AC agreed to pay UDF III a monthly credit enhancement fee equal to 1/12th of 1% of the outstanding principal balance of the CTB Revolver at the end of each month. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	UTB Revolver
	Effective September 29, 2010, UDF IV FI entered into a $3.4 million revolving line of credit (as amended, the “UTB Revolver”) with United Texas Bank (“UTB”). Pursuant to the First Loan Modification and Extension Agreement, effective August 18, 2011 (the “First UTB Extension Agreement”), UTB increased its commitment under the UTB Revolver to $4.0 million and the maturity date, which was originally September 29, 2011, was extended to September 29, 2012. Pursuant to the Second Loan Modification and Extension Agreement, effective September 29, 2012 (the “Second UTB Extension Agreement”), the maturity date was extended to September 29, 2013. The UTB Revolver bore interest at prime plus 1%, subject to a floor of 5.5% (5.5% at December 31, 2013), and required monthly interest payments. Advances under the line were made from time to time through September 1, 2012. Proceeds from the UTB Revolver were used to fund our obligations under our land acquisition loans, development loans and finished lot loan agreements. Advances were subject to a borrowing base and are secured by a first priority collateral assignment and lien on certain mortgage notes and construction loans held by UDF IV FI. The balance of this loan and all accrued interest were paid in full on November 7, 2013 and this loan was terminated.
	In connection with the UTB Revolver, as amended, UDF IV FI agreed to pay total origination fees of approximately $78,000 to UTB. In addition, UDF IV FI agreed to pay Debt Financing Fees to UMTH GS in connection with the UTB Revolver. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	F&M Loan
	On December 14, 2010, UDF IV FII obtained a revolving credit facility from F&M Bank and Trust Company (“F&M”) in the maximum principal amount of $5.0 million pursuant to a loan agreement (as amended, the “F&M Loan”). Pursuant to the First Amendment to the F&M Loan, F&M increased its commitment to $7.5 million, effective September 1, 2011. The interest rate on the F&M Loan is equal to the greater of prime plus 1.5% or 5.0% per annum (5.0% at December 31, 2013). Accrued interest on the outstanding principal amount of the F&M Loan is payable monthly. The F&M Loan was scheduled to mature and become due and payable in full on December 14, 2012. Pursuant to the Amended and Restated Loan Agreement entered into on December 4, 2012, F&M increased its commitment associated with the F&M Loan to $10.0 million and the maturity date of the F&M Loan was extended to December 14, 2014. Pursuant to an amendment entered into on October 31, 2013, F&M increased its commitment associated with the F&M Loan to $15.0 million. The F&M Loan is secured by a first priority collateral assignment and lien on certain mortgage notes and construction loans originated by UDF IV FII. The F&M Loan is guaranteed by us and by UDF III. The full outstanding principal balance of the F&M Loan was paid in July 2013, although UDF IV FII retains the right to draw under the F&M Loan until it matures on December 14, 2014.
	In connection with the F&M Loan, as amended, UDF IV FII has agreed to pay origination and renewal fees totaling approximately $188,000 to F&M. In addition, UDF IV FII agreed to pay Debt Financing Fees to UMTH GS in connection with the F&M Loan and, in consideration for UDF III guaranteeing the F&M Loan, UDF IV FII agreed to pay UDF III a monthly credit enhancement fee equal to 1/12th of 1% of the outstanding principal balance of the F&M Loan at the end of each month. See Note O - Related Party Transactions, for further discussion of fees paid to related parties.
	Legacy Revolver
	Effective November 1, 2011, UDF IV FIII obtained a credit facility in the maximum principal amount of $5.0 million (the “Legacy Revolver”) from LegacyTexas Bank (“Legacy”) pursuant to a loan agreement. As amended, the interest rate on the Legacy Revolver is equal to the greater of prime plus 1% or 5.5% per annum (5.5% at December 31, 2013), provided that the interest rate associated with advances related to development loans is 5.875% until substantial completion of the development project. Accrued interest on the outstanding principal amount of the Legacy Revolver is payable monthly. Pursuant to the Loan Renewal, Extension and Modification Agreement entered into in October 2012, the maturity date of the Legacy Revolver, which was originally October 12, 2012, was extended to January 12, 2013.  Pursuant to the Loan Renewal, Extension and Modification Agreement entered into in January 2013, the maturity date of the Legacy Revolver was extended to January 12, 2015.  Proceeds from the Legacy Revolver will be used to fund our obligations under certain eligible finished lot, construction and development loans that are approved in advance by Legacy. The Legacy Revolver is secured by a first priority collateral assignment and lien on certain mortgage notes and construction loans held by UDF IV FIII. The Legacy Revolver is guaranteed by us. The full outstanding principal balance of the Legacy Revolver was paid in September 2013, although UDF IV FIII retains the right to draw under the Legacy Revolver until it matures.
	In connection with the Legacy Revolver, as amended, UDF IV FIII has agreed to pay origination fees totaling $100,000 to Legacy. In addition, UDF IV FIII agreed to pay Debt Financing Fees to UMTH GS in connection with the Legacy Revolver. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	Veritex Revolver
	On July 31, 2012, UDF IV Fin IV obtained a revolving credit facility from Veritex Community Bank, National Association (“Veritex”) in the maximum principal amount of $5.3 million pursuant to a loan agreement (the “Veritex Revolver”). Effective August 21, 2013, UDF IV Fin IV entered into a loan modification agreement with Veritex, pursuant to which the interest rate associated with the Veritex Revolver was modified to prime plus 1%, subject to a floor of 4.5% (4.5% at December 31, 2013). Accrued interest on the outstanding principal amount of the Veritex Revolver is payable monthly. The Veritex Revolver matures and becomes due and payable in full on July 31, 2015. The Veritex Revolver is secured by a first priority collateral assignment and lien on certain finished lot loans funded by UDF IV Fin IV and is guaranteed by us. The full outstanding principal balance of the Veritex Revolver was paid in September 2013, although UDF IV Fin IV retains the right to draw under the Veritex Revolver until it matures on July 31, 2015.
	In connection with the Veritex Revolver, UDF IV Fin IV agreed to pay an origination fee of $53,000 to Veritex. In addition, UDF IV Fin IV agreed to pay Debt Financing Fees to UMTH GS in connection with the Veritex Revolver. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	Affiliated Bank Loan
	On July 23, 2013, UDF IV Fin V obtained a revolving credit facility from Affiliated Bank (“Affiliated Bank”) in the maximum principal amount of $5.5 million pursuant to a loan agreement (the “Affiliated Bank Loan”). The interest rate under the Affiliated Bank Loan is equal to the greater of prime plus 1% or 5% per annum (5% at December 31, 2013). Accrued interest on the outstanding principal amount of the Affiliated Bank Loan is payable monthly. The Affiliated Bank Loan matures and becomes due and payable in full on July 23, 2015. The Affiliated Bank Loan is secured by a first priority collateral assignment and lien on certain mortgage notes and loans held by UDF IV Fin V and is guaranteed by us.
	In connection with the Affiliated Bank Loan, UDF IV Fin V agreed to pay an origination fee of $55,000 to Affiliated Bank. In addition, UDF IV Fin V has agreed to pay Debt Financing Fees to UMTH GS in connection with the Affiliated Bank Loan. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	UDF IV Fin VII Legacy LOC
	On August 5, 2013, UDF IV Fin VII obtained a revolving credit facility from Legacy in the maximum principal amount of $10.0 million pursuant to a loan agreement (the “UDF IV Fin VII Legacy LOC”). The interest rate under the UDF IV Fin VII Legacy LOC is equal to the greater of prime plus 1% or 5% per annum (5% at December 31, 2013). Accrued interest on the outstanding principal amount of the UDF IV Fin VII Legacy LOC is payable monthly. The UDF IV Fin VII Legacy LOC matures and becomes due and payable in full on August 5, 2015. The UDF IV Fin VII Legacy LOC is guaranteed by us and secured by a first priority collateral assignment and lien on certain mortgage notes and loans held by UDF IV Fin VII as well as certain cash deposits.
	In connection with the UDF IV Fin VII Legacy LOC, UDF IV Fin VII agreed to pay an origination fee of $100,000 to Legacy. In addition, UDF IV Fin VII has agreed to pay Debt Financing Fees to UMTH GS in connection with the UDF IV Fin VII Legacy LOC. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	UDF IV Fin VI CTB LOC
	On August 19, 2013, UDF IV Fin VI obtained a revolving credit facility from CTB in the maximum principal amount of $25.0 million pursuant to a loan agreement (the “UDF IV Fin VI CTB LOC”). The interest rate under the UDF IV Fin VI CTB LOC is equal to the greater of prime plus 1% or 4.25% per annum (4.25% at December 31, 2013). Accrued interest on the outstanding principal amount of the UDF IV Fin VI CTB LOC is payable monthly. In addition, on a quarterly basis, UDF IV Fin VI is required to pay an unused line fee to CTB of 0.25% per annum on the average daily unused portion of the $25.0 million loan commitment. The UDF IV Fin VI CTB LOC matures and becomes due and payable in full on August 19, 2015. The UDF IV Fin VI CTB LOC is secured by a first priority collateral assignment and lien on certain mortgage notes and loans held by UDF IV Fin VI as well as certain cash deposits. The UDF IV Fin VI CTB LOC is guaranteed by us and by UDF III.
	In connection with the UDF IV Fin VI CTB LOC, UDF IV Fin VI agreed to pay an origination fee of $187,500 to CTB. In addition, UDF IV Fin VI has agreed to pay Debt Financing Fees to UMTH GS in connection with the UDF IV Fin VI CTB LOC and, in consideration for UDF III guaranteeing the UDF IV Fin VI CTB LOC, UDF IV Fin VI agreed to pay UDF III a monthly credit enhancement fee equal to 1/12th of 1% of the outstanding principal balance of the UDF IV Fin VI CTB LOC at the end of each month. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	Independent Bank Loan
	On December 6, 2013, UDF IV Fin VIII obtained a revolving credit facility from Independent Bank (“Independent Bank”) in the maximum principal amount of $15.0 million pursuant to a loan agreement (the “Independent Bank Loan”). The interest rate under the Independent Bank Loan is equal to the greater of prime plus 0.875% or 4.125% per annum (4.125% at December 31, 2013). Accrued interest on the outstanding principal amount of the Independent Bank Loan is payable monthly. In addition, on a quarterly basis, UDF IV Fin VIII is required to pay an unused line fee to Independent Bank of 0.5% per annum on the average daily unused portion of the $15.0 million loan commitment. The Independent Bank Loan matures and becomes due and payable in full on December 6, 2015. The Independent Bank Loan is secured by a first priority collateral assignment and lien on certain mortgage notes and loans held by UDF IV Fin VIII and is guaranteed by us.
	In connection with the Independent Bank Loan, UDF IV Fin VIII agreed to pay an origination fee of $75,000 to Independent Bank. In addition, UDF IV Fin VIII has agreed to pay Debt Financing Fees to UMTH GS in connection with the Independent Bank Loan. See Note O – Related Party Transactions, for further discussion of fees paid to related parties.
	Summary Information
	The chart below summarizes the approximate outstanding balance of our notes payable and each of our lines of credit as of the date indicated:
	Facility	December 31, 2013		December 31, 2012
	Credit Facility	$	-	$	5,096,000
	UDF IV HF CTB LOC		10,000,000		6,000,000
	CTB Revolver		14,556,000		8,000,000
	UTB Revolver		-		3,801,000
	F&M Loan		-		5,709,000
	Legacy Revolver		-		142,000
	Veritex Revolver		-		5,036,000
	Affiliated Bank Loan		-		-
	UDF IV Fin VII Legacy LOC		-		-
	UDF IV Fin VI CTB LOC		5,963,000		-
	Independent Bank Loan		-		-
	Total	$	30,519,000	$	33,784,000
	The following table represents the approximate interest expense incurred associated with our notes payable and lines of credit for the period indicated:
		For the year ended December 31,
	Facility	2013		2012		2011
	Credit Facility	$	165,000	$	499,000	$	922,000
	UDF IV HF CTB LOC		161,000		167,000		139,000
	CTB Revolver		210,000		320,000		241,000
	UTB Revolver		176,000		220,000		177,000
	F&M Loan		153,000		294,000		242,000
	Legacy Revolver		4,000		33,000		10,000
	Veritex Revolver		138,000		52,000		-
	Affiliated Bank Loan		-		-		-
	UDF IV Fin VII Legacy LOC		-		-		-
	UDF IV Fin VI CTB LOC		37,000		-		-
	Independent Bank Loan		-		-		-
Total interest expense	$	1,044,000	$	1,585,000	$	1,731,000

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments Contingencies and Guarantees [Text Block]	'
	M.   Commitments and Contingencies
	Litigation
	In the ordinary course of business, the Trust may become subject to litigation or claims. There are no material pending or threatened legal proceedings known to be contemplated against the Trust.
	Off-Balance Sheet Arrangements
	From time to time, we enter into guarantees of debtor’s borrowings and provide credit enhancements for the benefit of senior lenders in connection with our debtors and investments in partnerships (collectively referred to as “guarantees”), and account for such guarantees in accordance with FASB ASC 460-10 Guarantees. Guarantees generally have fixed expiration dates or other termination clauses and may require payment of a fee by the debtor. A guarantee involves, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. Our exposure to credit loss in the event of non-performance by the other party to the instrument is represented by the contractual notional amount of the guarantee.
	In connection with the funding of some of our organization costs, on June 26, 2009, UMTH LD entered into a $6.3 million line of credit (as amended, the “UMTH LD CTB LOC”) with CTB. Effective February 26, 2012, UMTH LD entered into a second loan modification agreement with CTB, which resulted in an extension of the maturity date on the UMTH LD CTB LOC to December 26, 2014. UMTH LD has a receivable from our Advisor for organization costs funded by UMTH LD on behalf of the Trust. UMTH LD has assigned this receivable to the bank as security for the UMTH LD CTB LOC. In addition, the UMTH LD CTB LOC is secured by a collateral assignment of a first priority note and deed of trust held by a subsidiary of UMTH LD against a residential real estate project.  As a condition to the modification entered into effective as of February 26, 2012, the Trust agreed to guaranty all obligations under the UMTH LD CTB LOC. As of December 31, 2013 and December 31, 2012, the outstanding balance on the line of credit was $5.1 million and $6.2 million, respectively.
	Effective December 30, 2011, we entered into a Guaranty of Payment and Guaranty of Completion (collectively, the “Stoneleigh Guaranty”) for the benefit of Babson Mezzanine Realty Investors II, L.P. (“Babson”) as agent for a group of lenders pursuant to which we guaranteed all amounts due associated with a $25.0 million construction loan agreement (the “Stoneleigh Construction Loan”) entered into between Maple Wolf Stoneleigh, LLC, an affiliated Delaware limited liability company (“Stoneleigh”), and Babson. Pursuant to the Stoneleigh Construction Loan, Babson will provide Stoneleigh with up to approximately $25.0 million to finance the construction associated with a condominium project located in Dallas, Texas. United Development Funding Land Opportunity Fund, L.P., an affiliated Delaware limited partnership (“UDF LOF”), owns a 75% interest in Stoneleigh. Our asset manager, UMTH LD, also serves as the asset manager of UDF LOF. The general partner of our Advisor also serves as the general partner of UMTH LD. UMTH LD controls 100% of the partnership interests of the general partner of UDF LOF. In consideration of us entering into the Stoneleigh Guaranty, we entered into a letter agreement with Stoneleigh which provides for Stoneleigh to pay us a monthly credit enhancement fee equal to 1/12th of 1% of the outstanding principal balance on the Stoneleigh Construction Loan at the end of each month. As of December 31, 2013 and December 31, 2012, approximately $7.6 million and $9.7 million, respectively, was outstanding under the Stoneleigh Construction Loan. For the years ended December 31, 2013 and 2012, approximately $90,000 and $21,000, respectively, is included in commitment fee income – related parties in connection with the credit enhancement fee associated with the Stoneleigh Construction Loan. As of December 31, 2013 and December 31, 2012, approximately $15,000 and $14,000, respectively, is included in accrued receivable – related parties in connection with the credit enhancement fee associated with the Stoneleigh Construction Loan.
	Effective July 22, 2013, we entered into a guaranty agreement (the “URHF Guaranty”) pursuant to which we guaranteed all amounts due associated with a $15.0 million revolving credit facility (the “URHF Southwest Loan”) entered into between United Residential Home Finance, L.P. (“URHF”), an affiliated Delaware limited partnership, and Southwest Bank (“Southwest”). Our Advisor also serves as the advisor for United Mortgage Trust (“UMT”), a Maryland real estate investment trust, which owns 100% of the interests in URHF. The URHF Southwest Loan is secured by a first priority collateral assignment and lien on certain mortgage notes and loans held by URHF. In consideration of us entering into the URHF Guaranty, we entered into a letter agreement with URHF which provides for URHF to pay us a monthly credit enhancement fee equal to 1/12th of 1% of the outstanding principal balance on the URHF Southwest Loan at the end of each month. As of December 31, 2013, URHF had not made any draws on this loan and we had not recognized any income in connection with our guaranty.
	As of December 31, 2013, including the guarantees described above, we had 9 outstanding repayment guarantees with total credit risk to us of approximately $65.7 million, of which approximately $18.7 million had been borrowed against by the debtor. As of December 31, 2012, we had 7 outstanding repayment guarantees with total credit risk to us of approximately $51.9 million, of which approximately $27.5 million had been borrowed against by the debtor.

Economic_Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2013
Economic Dependency [Abstract]	'
Economic Dependency Disclosure [Text Block]	'
	N.   Economic Dependency
	Under various agreements, the Trust has engaged or will engage the Advisor and its affiliates to provide certain services that are essential to the Trust, including asset management services, asset acquisition and disposition decisions, the sale of the Trust’s common shares of beneficial interest available for issue, as well as other administrative responsibilities for the Trust. As a result of these relationships, the Trust is dependent upon the Advisor and its affiliates. In the event that these entities were unable to provide the Trust with the respective services, the Trust would be required to find alternative providers of these services.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	O.   Related Party Transactions
	All prior year information presented in this footnote has been revised to reflect the effects of the Restatement described in Note C above.
	O&O Reimbursement
	We pay our Advisor an O&O Reimbursement (as discussed in Note H) for reimbursement of organization and offering expenses funded by our Advisor or its affiliates. For the years ended December 31, 2013 and 2012, we reimbursed our Advisor approximately $8.2 million and $5.9 million, respectively in accordance with the O&O Reimbursement. As of December 31, 2013, no unpaid organization and offering costs are included in accrued liabilities – related parties. As of December 31, 2012, approximately $4.7 million is included in accrued liabilities – related parties in connection with organization and offering costs payable to our Advisor or its affiliates related to the Offering.
	Advisory Fees
	We incur monthly Advisory Fees, payable to our Advisor, equal to 2% per annum of our average invested assets (as discussed in Note I). For the years ended December 31, 2013, 2012 and 2011, approximately $8.2 million, $4.2 million and $1.9 million, respectively, is included in advisory fee – related party expense for Advisory Fees payable to our Advisor. As of December 31, 2013 and 2012, approximately $842,000 and $499,000, respectively, is included in accrued liabilities – related parties associated with Advisory Fees payable to our Advisor.
	Acquisition and Origination Fees
	We incur Acquisition and Origination Fees equal to 3% of the net amount available for investment in secured loans and other real estate assets (as discussed in Note B and Note I); provided, however, that no such fees will be paid with respect to any asset level indebtedness we incur. The fees are further reduced by the amount of any acquisition and origination expenses paid by borrowers or investment entities to our Advisor or affiliates of our Advisor with respect to our investment. Such costs are expensed as incurred and are payable to UMTH LD, our asset manager. See Note C for further discussion of the Restatement associated with Acquisition and Origination Fees. The general partner of our Advisor is also the general partner of UMTH LD. After giving effect to the Restatement, for the years ended December 31, 2013, 2012, 2011, 2010 and 2009, approximately $9.5 million, $5.2 million,    $2.4 million, $2.1 million and $40,000, respectively, is included in general and administrative – related parties expense associated with Acquisition and Origination Fees payable to UMTH LD. As of December 31, 2013 and 2012, approximately $2.4 million and $868,000, respectively, is included in accrued liabilities – related parties associated with Acquisition and Origination Fees payable to UMTH LD.
	Debt Financing Fees
	Pursuant to the origination of any line of credit or other debt financing, we pay our Advisor Debt Financing Fees, as discussed in Note I. These Debt Financing Fees are expensed on a straight line basis over the life of the financing arrangement.
	The following table represents the approximate amount included in general and administrative – related parties expense for the period indicated associated with Debt Financing Fees paid to our Advisor in connection with our credit facility and lines of credit:
		For the year ended December 31,
	Facility	2013			2012			2011
	Credit Facility	$	13,000		$	20,000		$	48,000
	UDF IV HF CTB LOC		52,000			27,000			20,000
	CTB Revolver		111,000			45,000			31,000
	UTB Revolver		8,000			13,000			31,000
	F&M Loan		33,000			60,000			33,000
	Legacy Revolver		4,000			50,000			8,000
	Veritex Revolver		21,000			6,000			-
	Affiliated Bank Loan		11,000			-			-
	UDF IV Fin VII Legacy LOC		21,000			-			-
	UDF IV Fin VI CTB LOC		52,000			-			-
	Independent Bank		6,000			-			-
	Total	$	332,000		$	221,000		$	171,000
	As of December 31, 2013 and 2012, approximately $0 and $44,000, respectively, is included in accrued liabilities – related parties associated with unpaid Debt Financing Fees.
	Credit Enhancement Fees
	We and our wholly-owned subsidiaries will occasionally enter into financing arrangements that require guarantees from entities affiliated with us. These guarantees require us to pay fees (“Credit Enhancement Fees”) to our affiliated entities as consideration for their guarantees. These Credit Enhancement Fees are either expensed as incurred or recorded as a prepaid asset and amortized, based on the terms of the guarantee agreements.
	The following table represents the approximate amount included in general and administrative – related parties expense for the periods indicated associated with Credit Enhancement Fees paid to UDF III for its guarantees of our lines of credit, as discussed in Note K. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD is the general partner of UDF III. UDF III has received an opinion from Jackson Claborn, Inc., an independent advisor, that these credit enhancements are fair and at least as reasonable as credit enhancements with unaffiliated entities in similar circumstances.
		For the year ended December 31,
	Facility	2013			2012			2011
	UDF IV HF CTB LOC	$	45,000		$	60,000		$	60,000
	CTB Revolver		45,000			59,000			43,000
	F&M Loan		28,000			58,000			51,000
	UDF IV Fin VI CTB LOC		5,000			-			-
	Total	$	123,000		$	177,000		$	154,000
	As of December 31, 2013 and 2012, approximately $17,000 and $11,000, respectively, is included in accrued liabilities – related parties associated with Credit Enhancement Fees payable to our Advisor or its affiliates.
	The chart below summarizes the approximate payments to related parties for the years ended December 31, 2013 and 2012:
				For the Year Ended December 31,
	Payee	Purpose		2013						2012
	UMTH GS
		O&O Reimbursement		$	8,167,000		33	%		$	5,878,000		38	%
		Advisory Fees			7,819,000		32	%			3,924,000		26	%
		Debt Financing Fees			361,000		1	%			148,000		1	%
	UMTH LD
		Acquisition and Origination Fees			7,953,000		33	%			5,155,000		34	%
	UDF III
		Credit Enhancement Fees			132,000		1	%			115,000		1	%
	Total Payments			$	24,432,000		100	%		$	15,220,000		100	%
	The chart below summarizes the approximate expenses associated with related parties for the years ended December 31, 2013, 2012 and 2011:
		For the Year Ended December 31,
	Purpose	2013						2012						2011
	Advisory Fees	$	8,162,000		100	%		$	4,187,000		100	%		$	1,937,000	100	%
	Total Advisory fee – related party	$	8,162,000		100	%		$	4,187,000		100	%		$	1,937,000	100	%
	Amortization of Debt Financing Fees	$	332,000		3	%		$	222,000		4	%		$	171,000	6	%
	Acquisition and Origination Fees		9,504,000		95	%			5,188,000		93	%			2,449,000	88	%
	Credit Enhancement Fees		123,000		2	%			177,000		3	%			154,000	6	%
	Total General and administrative – related parties	$	9,959,000		100	%		$	5,587,000		100	%		$	2,774,000	100	%
	The chart below summarizes general and administrative - related parties expense for the years ended December 31, 2010 and 2009:
		For the Year Ended December 31,
	Purpose	2010					2009
	Amortization of Debt Financing Fees	$	156,000		6	%	$	-		-
	Acquisition and Origination Fees		2,109,000		91	%		40,000		100	%
Credit Enhancement Fees		65,000		3	%		-		-
Total General and administrative – related parties	$	2,330,000		100	%	$	40,000		100	%
Loan Participation Interest – Related Parties
A majority of our trustees (including a majority of our independent trustees) who are not otherwise interested in these transactions have approved the following loan participation interest – related parties agreements as being fair and reasonable to us and on terms and conditions not less favorable to us than those available from unaffiliated third parties.
Buffington Participation Agreements
On December 18, 2009, we entered into two participation agreements (collectively, the “Buffington Participation Agreements”) with UMT Home Finance, LP (“UMTHF”), an affiliated Delaware limited partnership, pursuant to which we purchased a participation interest in UMTHF’s construction loans (the “Construction Loans”) to Buffington Texas Classic Homes, LLC (“Buffington Classic”), an affiliated Texas limited liability company, and Buffington Signature Homes, LLC (“Buffington Signature”), an affiliated Texas limited liability company (collectively, “Buff Homes”). Our Advisor also serves as the advisor for United Mortgage Trust (“UMT”), a Maryland real estate investment trust, which owns 100% of the interests in UMTHF. UMTH LD has a minority limited partnership interest in Buffington Homebuilding Group, Ltd., which is the parent of Buff Homes.
The Construction Loans originally provided Buff Homes, which is a homebuilding group, with residential interim construction financing for the construction of new homes in the greater Austin, Texas area through October 28, 2012. In connection with the maturity of the Construction Loans, the Buffington Participation Agreements originally terminated on October 28, 2012, as well. Pursuant to a letter agreement entered into on October 28, 2012, UMTHF extended the termination date of the Construction Loans to October 28, 2013 and, in connection with this extension, we have extended the Buffington Participation Agreements to October 28, 2013. Effective October 28, 2013, pursuant to a Sixth Modification to Construction Loan Agreement, UMTHF extended the termination date of the Construction Loans to October 28, 2014. The Buffington Classic participation agreement was also extended to October 28, 2014 in connection with this modification. In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
The Construction Loans are evidenced by promissory notes, are secured by first lien deeds of trust on the homes financed under the Construction Loans, and are guaranteed by the parent company and the principals of Buff Homes. Each loan financed under the Construction Loans matures and becomes due and payable in full upon the earlier of (i) the sale of the home financed under the loan, or (ii) nine months after the loan was originated; provided, that the maturity of each loan may be automatically extended for additional 90-day terms following the original maturity date. For each loan originated to it, Buff Homes is required to pay interest monthly and to repay the principal advanced to it upon the sale of the home or in any event no later than 12 months following the origination of the loan, unless the loan is further extended. The interest rate under the Construction Loans is the lower of 13% or the highest rate allowed by law.
On April 9, 2010, we entered into an Agent – Participant Agreement with UMTHF (the “UMTHF Agent Agreement”). In accordance with the UMTHF Agent Agreement, UMTHF will continue to manage and control the Construction Loans and each participant party has appointed UMTHF as its agent to act on its behalf with respect to all aspects of the Construction Loans, provided that, pursuant to the UMTHF Agent Agreement, we retain approval rights in connection with any material decisions pertaining to the administration and services of the loans and, with respect to any material modification to the loans and in the event that the loans become non-performing, we shall have effective control over the remedies relating to the enforcement of the loans, including ultimate control of the foreclosure process.
Pursuant to the Buffington Participation Agreements, we will participate in the Construction Loans by funding the lending obligations of UMTHF under the Construction Loans up to a maximum amount determined by us at our discretion. The Buffington Participation Agreements give us the right to receive payment from UMTHF of principal and accrued interest relating to amounts funded by us under the Buffington Participation Agreements. The interest rate under the Construction Loans is the lower of 13% or the highest rate allowed by law. Our participation interest is repaid as Buff Homes repays the Construction Loans or as the individual construction loans mature.
Buffington Lot Participation Agreements
On March 24, 2010, we entered into two Participation Agreements (collectively, the “Buffington Lot Participation Agreements”) with UDF III pursuant to which we purchased a 100% participation interest in UDF III’s lot inventory line of credit loan facilities with Buffington Signature (the “Buffington Signature Line”) and Buffington Classic (the “Buffington Classic Line”) (collectively, the “Lot Inventory Loans”). The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD is the general partner of UDF III, and UMTH LD has a minority limited partnership interest in Buffington Homebuilding Group, Ltd., which is the parent of Buff Homes. The Lot Inventory Loans are evidenced by promissory notes, are secured by first lien deeds of trust on the lots financed under the Lot Inventory Loans, and are guaranteed by Buff Homes’ parent company and an affiliate company of Buff Homes. The Lot Inventory Loans provide Buff Homes with financing for the acquisition of residential lots which are held as inventory to facilitate Buff Homes’ new home construction business in the greater Austin, Texas area. When a lot is slated for residential construction, Buff Homes obtains an interim construction loan and the principal advanced for the acquisition of the lot is repaid under the Lot Inventory Loans.
On April 9, 2010, we entered into an Agent Agreement with UDF III (the “UDF III Agent Agreement”). In accordance with the UDF III Agent Agreement, UDF III will continue to manage and control the Lot Inventory Loans and each participant party has appointed UDF III as its agent to act on its behalf with respect to all aspects of the Lot Inventory Loans, provided that, pursuant to the UDF III Agent Agreement, we retain approval rights in connection with any material decisions pertaining to the administration and services of the loans and, with respect to any material modification to the loans and in the event that the loans become non-performing, we shall have effective control over the remedies relating to the enforcement of the loans, including ultimate control of the foreclosure process.
Pursuant to the Buffington Lot Participation Agreements, we will participate in the Lot Inventory Loans by funding UDF III’s lending obligations under the Lot Inventory Loans up to a maximum amount of $2.5 million under the Buffington Signature Line and $2.0 million under the Buffington Classic Line. The Buffington Lot Participation Agreements give us the right to receive repayment of all principal and accrued interest relating to amounts funded by us under the Buffington Lot Participation Agreements. The interest rate for the Lot Inventory Loans is the lower of 14% or the highest rate allowed by law. Our participation interest is repaid as Buff Homes repays the Lot Inventory Loans. For each loan originated, Buff Homes is required to pay interest monthly and to repay the principal advanced no later than 12 months following the origination of the loan. The Buffington Signature Line matured and terminated in August 2011, at which time there was no outstanding balance, and our participation interest terminated simultaneously. The Buffington Classic Line was due and payable in full on August 21, 2012. Effective August 21, 2012, pursuant to an extension agreement, UDF III extended the maturity date of the Buffington Classic Line to August 21, 2013 and, in connection with this extension agreement, we entered into a letter agreement with UDF III extending the lot participation agreement associated with the Buffington Classic Line to August 21, 2013. Effective August 21, 2013, UDF III entered into an extension agreement with Buffington Classic pursuant to which, the termination date of the Buffington Classic Line was extended to August 21, 2014. The lot participation agreement associated with the Buffington Classic Line was also extended to August 21, 2014, in connection with this extension. In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
UDF III is required to purchase back from us the participation interest in the Lot Inventory Loans (i) upon a foreclosure of UDF III’s assets by its lenders, (ii) upon the maturity of the Lot Inventory Loans, or (iii) at any time upon 30 days prior written notice from us. In such event, the purchase price paid to us will be equal to the outstanding principal amount of the Lot Inventory Loans on the date of termination, together with all accrued interest due thereon, plus any other amounts due to us under the Buffington Lot Participation Agreements.
TR Finished Lot Participation
On June 30, 2010, we purchased a participation interest (the “TR Finished Lot Participation”) in a finished lot loan (the “Travis Ranch II Finished Lot Loan”) made by UDF III to CTMGT Travis Ranch II, LLC, an unaffiliated Texas limited liability company. UMTH LD is the general partner of UDF III. The Travis Ranch II Finished Lot Loan is secured by a subordinate, second lien deed of trust recorded against finished residential lots in the Travis Ranch residential subdivision located in Kaufman County, Texas. The Travis Ranch II Finished Lot Loan is guaranteed by the limited liability company owners of the borrower and by the principal of the borrower.
In accordance with the TR Finished Lot Participation, we are entitled to receive repayment of our participation in the outstanding principal amount of the Travis Ranch II Finished Lot Loan, plus accrued interest thereon, over time as the borrower repays the loan. We have no obligation to increase our participation interest in the Travis Ranch II Finished Lot Loan. The interest rate under the Travis Ranch II Finished Lot Loan is the lower of 15% or the highest rate allowed by law. The borrower has obtained a senior loan secured by a first lien deed of trust on the finished lots. For so long as the senior loan is outstanding, proceeds from the sale of the residential lots securing the Travis Ranch II Finished Lot Loan will be paid to the senior lender and will be applied to reduce the outstanding balance of the senior loan. After the senior loan is paid in full, the proceeds from the sale of the residential lots securing the Travis Ranch II Finished Lot Loan are required to be used to repay the Travis Ranch II Finished Lot Loan. The Travis Ranch II Finished Lot Loan and our participation in this loan was originally due and payable in full on August 28, 2012. The Travis Ranch II Finished Lot Loan has subsequently been amended three times pursuant to three separate extension agreements resulting in a current maturity date of January 28, 2015. The TR Finished Lot Participation has also been extended to January 28, 2015 in connection with these modifications.  In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
TR Paper Lot Participation
On June 30, 2010, we purchased a participation interest (the “TR Paper Lot Participation”) in a “paper” lot loan (the “Travis Ranch Paper Lot Loan”) from UDF III to CTMGT Travis Ranch, LLC, an unaffiliated Texas limited liability company. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD is the general partner of UDF III. A “paper” lot is a residential lot shown on a plat that has been accepted by the city or county, but which is currently undeveloped or under development. The borrower owns paper lots in the Travis Ranch residential subdivision of Kaufman County, Texas. The Travis Ranch Paper Lot Loan was initially secured by a pledge of the equity interests in the borrower instead of a real property lien, effectively subordinating the Travis Ranch Paper Lot Loan to all real property liens. The Travis Ranch Paper Lot Loan is guaranteed by the limited liability company owners of the borrower and by the principal of the borrower.
We are entitled to receive repayment of our participation in the outstanding principal amount of the Travis Ranch Paper Lot Loan, plus its proportionate share of accrued interest thereon, over time as the borrower repays the Travis Ranch Paper Lot Loan. We have no obligation to increase our participation interest in the Travis Ranch Paper Lot Loan. The interest rate under the Travis Ranch Paper Lot Loan is the lower of 15% or the highest rate allowed by law. The borrower has obtained a senior loan secured by a first lien deed of trust on the paper lots. For so long as the senior loan is outstanding, proceeds from the sale of the paper lots will be paid to the senior lender and will be applied to reduce the outstanding balance of the senior loan. After the senior loan is paid in full, the proceeds from the sale of the paper lots are required to be used to repay the Travis Ranch Paper Lot Loan. The Travis Ranch Paper Lot Loan and our participation in this loan was originally due and payable in full on September 24, 2012. The Travis Ranch Paper Lot Loan has subsequently been amended three times pursuant to three separate extension agreements resulting in a current maturity date of January 28, 2015. The TR Paper Lot Participation has also been extended to January 28, 2015 in connection with these modifications. In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
Carrollton Participation Agreement
On June 10, 2011, we entered into a participation agreement (the “Carrollton Participation Agreement”) with UMT Home Finance III, LP (“UMTHFIII”), an affiliated Delaware limited partnership, pursuant to which we purchased a participation interest in UMTHFIII’s finished lot loan (the “Carrollton Lot Loan”) to Carrollton TH, LP (“Carrollton TH”), an unaffiliated Texas limited partnership. Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in UMTHFIII. The Carrollton Lot Loan provides Carrollton TH with a finished lot loan totaling $3.4 million for townhome lots located in Carrollton, Texas. The Carrollton Lot Loan is evidenced by a promissory note, is secured by first lien deeds of trust on the finished lots financed under the Carrollton Lot Loan, and is guaranteed by the borrower’s general partner and its principal.
The Carrollton Participation Agreement gave us the right to receive payment from UMTHFIII of principal and accrued interest relating to amounts funded by us under the Carrollton Participation Agreement. The interest rate under the Carrollton Lot Loan was the lower of 13% or the highest rate allowed by law. The original maturity date of the Carrollton Lot Loan is June 10, 2014. Pursuant to a letter agreement entered into in March 2012, the Carrollton Participation Agreement maturity date was extended from March 10, 2012 to December 10, 2012. Pursuant to a letter agreement entered into in December 2012, the Carrollton Participation Agreement maturity date was extended from December 10, 2012 to June 10, 2014. In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors. We received payment in full for the Carrollton Participation Agreement on May 31, 2013.
165 Howe Participation Agreement
On October 4, 2011, we entered into a participation agreement (the “165 Howe Participation Agreement”) with UMT Home Finance III, LP (“UMTHFIII”), an affiliated Delaware limited partnership, pursuant to which we purchased a participation interest in UMTHFIII’s finished lot loan (the “165 Howe Lot Loan”) to 165 Howe, L.P., an unaffiliated Texas limited partnership, and Allen Partners, L.P., an unaffiliated Texas limited partnership (collectively, “165 Howe”). Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in UMTHFIII. The 165 Howe Lot Loan provides 165 Howe with a finished lot loan totaling $2.9 million for finished single-family residential lots located in Fort Worth, Texas. The 165 Howe Lot Loan is evidenced by a promissory note, is secured by first lien deeds of trust on the finished lots financed under the 165 Howe Lot Loan, and is guaranteed by the borrower’s general partner and its principal.
The 165 Howe Participation Agreement gave the Trust the right to receive payment from UMTHFIII of principal and accrued interest relating to amounts funded by the Trust under the 165 Howe Participation Agreement. The interest rate under the 165 Howe Lot Loan is the lower of 11.5% or the highest rate allowed by law. The original maturity date of the 165 Howe Participation Agreement was July 4, 2012. Pursuant to a letter agreement entered into in July 2012, the 165 Howe Participation Agreement maturity date was extended from July 4, 2012 to December 10, 2012. Pursuant to a letter agreement entered into in December 2012, the 165 Howe Participation Agreement maturity date was extended from December 10, 2012 to October 4, 2013. In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors. We received payment in full for the 165 Howe Participation Agreement on November 6, 2013.
Pine Trace Participation Agreement
On May 31, 2012, we entered into a participation agreement (the “Pine Trace Participation Agreement”) with UMTHFIII pursuant to which we purchased a participation interest in UMTHFIII’s loan (the “Pine Trace Loan”) to Pine Trace Village, LLC an unaffiliated Texas limited liability company (“Pine Trace”). Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in UMTHFIII. The Pine Trace Loan was initially secured by approximately 118 finished lots and 151 acres of undeveloped land located in Houston, Texas. The Pine Trace Loan is evidenced by a promissory note and is secured by first lien deeds of trust on the finished lots financed under the Pine Trace Loan.
The Pine Trace Participation Agreement gives us the right to receive payment from UMTHFIII of principal and accrued interest relating to amounts funded by us under the Pine Trace Participation Agreement. The interest rate under the Pine Trace Loan is the lower of 13% or the highest rate allowed by law. Our interest will be repaid as Pine Trace repays the Pine Trace Loan. Pine Trace is required to pay interest monthly and to repay a portion of principal upon the sale of lots covered by the deed of trust. The original maturity date of the Pine Trace Participation Agreement was March 29, 2013. The Pine Trace Loan has subsequently been amended twice pursuant to two separate extension agreements resulting in a current maturity date of  March 29, 2015. The Pine Trace Participation Agreement has also been  extended  to March 29, 2015 in connection with these modifications. In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
Northpointe Participation Agreement
On June 11, 2012, we entered into a participation agreement (the “Northpointe Participation Agreement”) with UDF III pursuant to which we purchased a participation interest in UDF III’s loan (the “Northpointe Loan”) to UDF Northpointe, LLC, an unaffiliated Texas limited liability company (“Northpointe”). The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD is the general partner of UDF III. The Northpointe Loan was initially secured by approximately 301 lots located in Collin County, Tarrant County and Kaufman County, Texas. The Northpointe Loan is evidenced by a promissory note and is secured by first lien deeds of trust on the lots financed under the Northpointe Loan.
The Northpointe Participation Agreement gives us the right to receive payment from UDF III of principal and accrued interest relating to amounts funded by us under the Northpointe Participation Agreement. The interest rate under the Northpointe Loan is the lower of 12% or the highest rate allowed by law. Our interest will be repaid as Northpointe repays the Northpointe Loan. Northpointe is required to pay interest monthly and to repay a portion of principal upon the sale of lots covered by the deed of trust. The original maturity date of the Northpointe Participation Agreement was December 4, 2012. Pursuant to a letter agreement entered into in December 2012, the Northpointe Participation Agreement maturity date was extended from December 4, 2012 to June 4, 2013. Effective June 4, 2013, pursuant to a loan modification agreement, UDF III extended the maturity date of the Northpointe Loan to June 4, 2014. The Northpointe Participation Agreement was also extended to June 4, 2014 in connection with this modification. In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
Northpointe II Participation Agreement
On May 2, 2013, we entered into a participation agreement (the “Northpointe II Participation Agreement”) with UDF III pursuant to which we purchased a participation interest in UDF III’s loan (the “Northpointe II Loan”) to UDF Northpointe II, LLC (“Northpointe II”). The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD is the general partner of UDF III. The Northpointe II Loan is evidenced by two secured promissory notes and was initially secured by second lien deeds of trust on approximately 251 finished lots and 110 acres of land in Texas.
The Northpointe II Participation Agreement gives us the right to receive payment from UDF III of principal and accrued interest relating to amounts funded by us under the Northpointe II Participation Agreement. The interest rate under the Northpointe II Loan is the lower of 12% or the highest rate allowed by law. Our interest will be repaid as Northpointe II repays the Northpointe II Loan. Northpointe II is required to pay interest monthly and to repay a portion of principal upon the sale of lots covered by the deed of trust. The Northpointe II Loan and our participation in this loan were originally due and payable in full on December 28, 2013. Effective December 28, 2013, pursuant to a loan modification agreement, UDF III extended the maturity date of the Northpointe II Loan to December 28, 2014. The Northpointe Participation Agreement was also extended to December 28, 2014 in connection with this modification. In determining whether to extend this participation, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
UMTHF Megatel Participation
On October 3, 2013, we entered into a participation agreement (the “UMTHF Megatel Participation”) with UMTHF pursuant to which we purchased a participation interest in UMTHF’s construction loan (the “UMTHF Megatel Loan”) to Megatel Homes II, LLC (“Megatel”). Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in UMTHF.
The UMTHF Megatel Loan provides Megatel, which is a homebuilding group, with up to $10.0 million in residential interim construction financing for the construction of new homes in the Dallas, Texas area through October 3, 2014. The UMTHF Megatel Loan is evidenced by promissory notes and is secured by first lien deeds of trust on the homes financed under the UMTHF Megatel Loan, and is guaranteed by the parent company and the principals of Megatel. Each loan financed under the UMTHF Megatel Loan matures and becomes due and payable in full upon the earlier of (i) the sale of the home financed under the loan, or (ii) 12 months after the loan was originated; provided, that the maturity of each loan may be automatically extended for additional 12 month terms following the original maturity date. For each loan originated to it, Megatel is required to pay interest monthly and to repay the principal advanced to it upon the sale of the home or in any event no later than 12 months following the origination of the loan, unless the loan is further extended. The interest rate under the UMTHF Megatel Loan is the lower of 13% or the highest rate allowed by law.
Pursuant to the UMTH Megatel Participation, we will participate in the UMTHF Megatel Loan by funding the lending obligations of UMTHF under the UMTHF Megatel Loan up to a maximum amount determined by us at our discretion. The UMTH Megatel Participation gives us the right to receive payment from UMTHF of principal and accrued interest relating to amounts funded by us under the UMTH Megatel Participation. The interest rate under the UMTHF Megatel Loan is the lower of 13% or the highest rate allowed by law. Our participation interest is repaid as Megatel repays the UMTHF Megatel Loan or as the individual construction loans mature.
URHF Buckingham Participation
On December 16, 2013, we entered into a participation agreement (the “URHF Buckingham Participation”) with URHF pursuant to which we purchased a participation interest in URHF’s $4.9 million loan (the “URHF Buckingham Loan”) to CTMGT Buckingham, LLC (“Buckingham”), a Texas limited liability company. Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in URHF. The URHF Buckingham Loan provides financing to Buckingham to acquire and develop 81 paper lots located in Texas. The URHF Buckingham Loan is evidenced by a secured promissory note and secured by a first lien deed of trust on the lots and is guaranteed by principals of the borrower.
The URHF Buckingham Participation gives us the right to receive payment from URHF of principal and accrued interest relating to amounts funded by us under the URHF Buckingham Participation. The interest rate under the URHF Buckingham Loan is the lower of 13% or the highest rate allowed by law. Our interest will be repaid as Buckingham repays the URHF Buckingham Loan. Buckingham is required to make loan payments upon the sale of lots covered by the deed of trust. The URHF Buckingham Loan and our participation in this loan are due and payable in full on June 28, 2016.
URHF Bratton Hill Participation
On December 16, 2013, we entered into a participation agreement (the “URHF Bratton Hill Participation”) with URHF pursuant to which we purchased a participation interest in URHF’s $3.0 million loan (the “URHF Bratton Hill Loan”) to BLD Bratton Hill, LLC (“Bratton Hill”), a Texas limited liability company. Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in URHF. The URHF Bratton Hill Loan provides financing to Bratton Hill to acquire and develop 52 paper lots located in Texas. The URHF Bratton Hill Loan is evidenced by a secured promissory note and secured by a first lien deed of trust on the lots and is guaranteed by principals of the borrower.
The URHF Buckingham Participation gives us the right to receive payment from URHF of principal and accrued interest relating to amounts funded by us under the URHF Bratton Hill Participation. The interest rate under the URHF Bratton Hill Loan is the lower of 13% or the highest rate allowed by law. Our interest will be repaid as Bratton Hill repays the URHF Bratton Hill Loan. Bratton Hill is required to pay make loan payments upon the sale of lots covered by the deed of trust. The URHF Bratton Hill Loan and our participation in this loan are due and payable in full on July 31, 2016.
Summary Information
The chart below summarizes the approximate outstanding balance of each of our loans included in loan participation interest – related parties as of the date indicated:
Loan Name	December 31, 2013			December 31, 2012
Buffington Participation Agreements	$	2,826,000		$	7,203,000
Buffington Lot Participation Agreements		279,000			499,000
TR Finished Lot Participation		3,346,000			3,560,000
TR Paper Lot Participation		12,617,000			10,620,000
Carrollton Participation Agreement		-			817,000
165 Howe Participation Agreement		-			1,289,000
Pine Trace Participation Agreement		6,646,000			5,193,000
Northpointe Participation Agreement		1,585,000			212,000
Northpointe II Participation Agreement		3,000,000			-
UMTHF Megatel Participation		-			-
URHF Buckingham Participation		1,425,000			-
URHF Bratton Hill Participation		1,186,000			-
Total	$	32,910,000		$	29,393,000
The chart below summarizes the approximate accrued interest included in accrued receivable – related parties associated with each of our loans included in loan participation interest – related parties as of the date indicated:
Loan Name	December 31, 2013			December 31, 2012
Buffington Participation Agreements	$	47,000		$	-
Buffington Lot Participation Agreements		16,000			20,000
TR Finished Lot Participation		66,000			175,000
TR Paper Lot Participation		197,000			401,000
Carrollton Participation Agreement		-			4,000
165 Howe Participation Agreement		-			21,000
Pine Trace Participation Agreement		562,000			134,000
Northpointe Participation Agreement		-			-
Northpointe II Participation Agreement		-			-
UMTHF Megatel Participation		-			-
URHF Buckingham Participation		91,000			-
URHF Bratton Hill Participation		64,000			-
Total	$	1,043,000		$	755,000
The following table summarizes the approximate income included in interest income – related parties associated with each of our loans included in loan participation interest – related parties for the periods indicated:
	For the year ended December 31,
Loan Name	2013			2012			2011
Buffington Participation Agreements	$	412,000		$	877,000		$	415,000
Buffington Lot Participation Agreements		57,000			62,000			32,000
TR Finished Lot Participation		534,000			455,000			337,000
TR Paper Lot Participation		1,696,000			1,442,000			888,000
Carrollton Participation Agreement		28,000			175,000			139,000
165 Howe Participation Agreement		83,000			159,000			76,000
Pine Trace Participation Agreement		729,000			388,000			-
Northpointe Participation Agreement		142,000			51,000			-
Northpointe II Participation Agreement		252,000			-			-
UMTHF Megatel Participation		-			-			-
URHF Buckingham Participation		7,000			-			-
URHF Bratton Hill Participation		6,000			-			-
Total	$	3,946,000		$	3,609,000		$	1,887,000
Notes Receivable – Related Parties
A majority of our trustees (including a majority of our independent trustees) who are not otherwise interested in these transactions have approved the following notes receivable – related parties agreements as being fair and reasonable to us and on terms and conditions not less favorable to us than those available from unaffiliated third parties.
HLL Indian Springs Loan
On January 18, 2010, we made a finished lot loan (the “HLL Indian Springs Loan”) of approximately $1.8 million to HLL Land Acquisitions of Texas, L.P., an affiliated Texas limited partnership (“HLL”). HLL is a wholly owned subsidiary of United Development Funding, L.P. (“UDF I”), an affiliated Delaware limited partnership. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The HLL Indian Springs Loan was initially evidenced and secured by a first lien deed of trust recorded against approximately 71 finished residential lots in The Preserve at Indian Springs, a residential subdivision in the City of San Antonio, Bexar County, Texas, as well as a promissory note, assignments of certain lot sale contracts and earnest money, and other loan documents. The interest rate under the HLL Indian Springs Loan was the lower of 13% or the highest rate allowed by law. The HLL Indian Springs Loan was scheduled to mature on July 18, 2013, pursuant to the First Modification Agreement dated July 18, 2011. In determining whether to modify this loan, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors. The HLL Indian Springs Loan was paid in full in May 2013.
In connection with the HLL Indian Springs Loan, HLL agreed to pay an origination fee of approximately $18,000 to UMTH LD, which was funded by us at the closing of the HLL Indian Springs Loan.
Buffington Loan Agreements
On April 30, 2010, we entered into two construction loan agreements with Buffington Signature (the “Buffington Signature CL”) and Buffington Classic (the “Buffington Classic CL”) (collectively, the “Buffington Loan Agreements”) through which we agreed to provide interim construction loan facilities (collectively, the “Buffington Loan Facilities”) to Buffington Signature and Buffington Classic. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD owns an investment in Buffington Homebuilding Group, Ltd., which is the parent of Buff Homes. Effective July 2010, we assigned our rights and obligations under the Buffington Loan Facilities to UDF IV HF.
The Buffington Signature CL provides Buffington Signature with up to $1.0 million in residential interim construction financing for the construction of new homes in the greater Austin, Texas area and other Texas counties approved by UDF IV HF. The Buffington Signature CL matured and was not renewed in October 2011, at which time there were no amounts outstanding and payable to UDF IV HF.
The Buffington Classic CL originally provided Buffington Classic with up to $6.5 million in residential interim construction financing for the construction of new homes in the greater Austin, Texas area and other Texas counties approved by UDF IV HF. Pursuant to the Third Modification to Construction Loan Agreement entered into between UDF IV HF and Buffington Classic in October 2011, the Buffington Classic CL provided Buffington Classic with up to $7.5 million in residential interim construction financing through October 28, 2012. Pursuant to a letter agreement entered into on October 28, 2012, we extended the maturity date of the Buffington Classic CL to October 28, 2013. Pursuant to a Fourth Modification to Construction Loan Agreement, we extended the maturity date of the Buffington Classic CL to October 28, 2014. In determining whether to modify this loan, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
The Buffington Loan Facilities are evidenced and secured by the Buffington Loan Agreements, promissory notes, first lien deeds of trust on the homes financed under the Buffington Loan Facilities and various other loan documents. They are guaranteed by the parent company and certain principals of Buff Homes. The interest rate under the Buffington Loan Facilities is the lower of 13% per annum, or the highest rate allowed by law. Interest is payable monthly. Each loan financed under the Buffington Loan Facilities matures and becomes due and payable in full upon the earlier of (i) the sale of the home financed under the loan, or (ii) nine months after the loan was originated; provided, that the maturity of the loan may be extended up to 90 days following the original maturity date. At the closing of each loan, Buff Homes will pay a 0.5% origination fee to our asset manager.
HLL II Highland Farms Loan
Effective December 22, 2010, we made a finished lot loan (the “HLL II Highland Farms Loan”) of approximately $1.9 million to HLL II Land Acquisitions of Texas, L.P., an affiliated Texas limited partnership (“HLL II”). HLL II is a wholly owned subsidiary of UDF I. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The HLL II Highland Farms Loan was initially evidenced and secured by a first lien deed of trust recorded against approximately 68 finished residential lots and 148 undeveloped lots in Highland Farms, a residential subdivision in the City of San Antonio, Bexar County, Texas, as well as a promissory note, assignments of certain lot sale contracts and earnest money, and other loan documents. The interest rate under the HLL II Highland Farms Loan is the lower of 13% or the highest rate allowed by law. The original maturity date of the HLL II Highland Farms Loan was March 22, 2013. The HLL II Highland Farms Loan has subsequently been amended twice pursuant to two separate extension agreements resulting in a current maturity date of March 22, 2015. In determining whether to modify this loan, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors. The HLL II Highland Farms Loan provides HLL II with an interest reserve of approximately $354,000 pursuant to which we will fund HLL II’s monthly interest payments and add the payments to the outstanding principal balance of the HLL II Highland Farms Loan.
In connection with the HLL II Highland Farms Loan, HLL II agreed to pay us an origination fee of approximately $19,000, which was funded at the closing of the loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
HLL Hidden Meadows Loan
Effective February 17, 2011, we entered into a Loan Agreement providing for a maximum $9.9 million loan (the “HLL Hidden Meadows Loan”) to be made to HLL. HLL is a wholly owned subsidiary of UDF I. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The HLL Hidden Meadows Loan was initially secured by (i) a first priority lien deed of trust to be recorded against 91 finished residential lots, 190 partially developed residential lots and residual undeveloped land located in the residential subdivision of Hidden Meadows, Harris County, Texas, (ii) the assignment of lot sale contracts providing for sales of finished residential lots to a builder, and (iii) the assignment of development reimbursements owing from a Municipal Utility District to HLL. The interest rate under the HLL Hidden Meadows Loan is the lower of 13% or the highest rate allowed by law. The HLL Hidden Meadows Loan matures and becomes due and payable in full on January 21, 2015. The HLL Hidden Meadows Loan provides HLL with an interest reserve, pursuant to which we will fund HLL’s monthly interest payments and add the payments to the outstanding principal balance of the HLL Hidden Meadows Loan.
In connection with the HLL Hidden Meadows Loan, HLL agreed to pay a $99,000 origination fee to us, which was funded at the closing of the HLL Hidden Meadows Loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
Ash Creek Loan
Effective April 20, 2011, we entered into a $3.0 million loan agreement (the “Ash Creek Loan”) with UDF Ash Creek, LP (“UDF Ash Creek”), an affiliated Delaware limited partnership. UDF Ash Creek is a wholly owned subsidiary of UDF I. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The Ash Creek Loan provides UDF Ash Creek with interim construction financing for the construction of 19 new townhomes in an existing townhome community in Dallas, Texas. The Ash Creek Loan is evidenced and secured by a promissory note, first lien deeds of trust on the townhomes financed under the Ash Creek Loan and various other loan documents. The interest rate under the Ash Creek Loan is the lower of 13% per annum, or the highest rate allowed by law. UDF Ash Creek is required to pay interest monthly and to repay a portion of the principal upon the sale of the townhomes covered by the deed of trust. The Ash Creek Loan matured and became due and payable in full on October 20, 2012. Effective October 20, 2012, we entered into a loan modification agreement with UDF Ash Creek, which extended the maturity date of the Ash Creek Loan to October 20, 2013. Pursuant to a Second Loan Modification Agreement, we extended the maturity date of the Ash Creek Loan to October 20, 2014. In determining whether to extend this loan, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
In connection with the Ash Creek Loan, UDF Ash Creek agreed to pay a $15,000 origination fee to us, which was funded at the closing of the Ash Creek Loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
UMTHFII Loan
On October 26, 2011, we entered into a secured line of credit promissory note (the “UMTHFII Loan”) with UMT Home Finance II, LP (“UMTHFII”), an affiliated Delaware limited partnership. Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in UMTHFII. The UMTHFII Loan provided UMTHFII with a $5.0 million line of credit to acquire or originate and fund construction loans and for business purposes approved by the Trust that are related to the acquisition or origination of construction loans. The UMTHFII Loan was subordinate to a senior loan entered into by UMTHFII and was secured by a pledge of the partnership interests in UMTHFII, a security interest against the assets of UMTHFII and a guaranty from UMT.
The interest rate under the UMTHFII Loan was the lower of 13% per annum, or the highest rate allowed by law. UMTHFII was required to repay the UMTHFII Loan as it receives net proceeds from the disposition of assets underlying the construction loans and as it receives net proceeds of interest associated with the construction loans. In addition, UMTHFII was required to repay the UMTHFII Loan as it received net proceeds from its private placement offering of up to $5.0 million in promissory notes. The UMTHFII Loan matured and became due and payable in full on October 26, 2012, at which point it terminated. We did not fund any advances or recognize any income associated with the UMTHFII Loan prior to its maturity.
UDF TX Two Loan
On September 20, 2012, we entered into a loan purchase agreement with a third party to acquire a loan obligation (the “UDF TX Two Loan”) owing from UDF TX Two, L.P., an affiliated Texas limited partnership (“UDF TX Two”) for approximately $2.9 million. UDF I has a 50% partnership interest in UDF TX Two. Our asset manager, UMTH LD, also serves as the asset manager of UDF I. The general partner of our Advisor is also the general partner of UMTH LD. The UDF TX Two Loan provided UDF TX Two with financing to acquire 70 finished home lots in Lakeway, Texas. The UDF TX Two Loan is evidenced and secured by a promissory note, first lien deeds of trust on the finished lots financed under the UDF TX Two Loan and various other loan documents. The interest rate under the UDF TX Two Loan is the lower of 13% per annum, or the highest rate allowed by law. Upon acquisition of the UDF TX Two Loan, we entered into an extension agreement with UDF TX Two pursuant to which we extended the maturity date of the UDF TX Two Loan to September 20, 2014. In determining whether to modify this loan, we evaluated the economic conditions, the estimated value and performance of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors.
UDF PM Loan
Effective October 17, 2012, we entered into a $5.1 million loan agreement (the “UDF PM Loan”) with UDF PM, LLC (“UDF PM”), an affiliated Texas limited liability company. UDF PM is a wholly owned subsidiary of UDF I. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The UDF PM Loan provides UDF PM with up to $4.8 million in financing for the development of an amenity center and related project amenities located in Lubbock County, Texas. The UDF PM Loan is evidenced and secured by a promissory note and the assignment of development reimbursements owing to UDF PM pursuant to (i) an economic development agreement and (ii) a public improvement district reimbursement contract, both of which were entered into between UDF PM and the city of Wolfforth, Texas. The interest rate under the UDF PM Loan is the lower of 13% per annum, or the highest rate allowed by law. The UDF PM Loan matures and becomes due and payable in full on October 17, 2015. The UDF PM Loan provides UDF PM with an interest reserve of approximately $300,000, pursuant to which we will fund UDF PM’s monthly interest payments and add the payments to the outstanding principal balance of the UDF PM Loan.
HLL IS Loan
Effective November 29, 2012, we entered into a $6.4 million loan agreement (the “HLL IS Loan”) with HLL. HLL is a wholly owned subsidiary of UDF I. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The HLL IS Loan provides HLL with up to $5.8 million in financing for the development of residential lots located in Bexar County, Texas. The HLL IS Loan was initially evidenced and secured by a first lien deed of trust recorded against approximately 24 acres in The Preserve at Indian Springs, a residential subdivision in the City of San Antonio, Bexar County, Texas, as well as a promissory note, assignments of certain lot sale contracts, and other loan documents. The interest rate under the HLL IS Loan is the lower of 13% per annum, or the highest rate allowed by law. The HLL IS Loan matures and becomes due and payable in full on November 29, 2015. The HLL IS Loan provides HLL with an interest reserve of approximately $600,000, pursuant to which we will fund HLL’s monthly interest payments and add the payments to the outstanding principal balance of the HLL IS Loan.
In connection with the HLL IS Loan, HLL agreed to pay a $64,000 origination fee to us, which was funded at the closing of the HLL IS Loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
One KR Loan
Effective December 14, 2012, we entered into a $15.3 million loan agreement (the “One KR Loan”) with One KR Venture, L.P., an affiliated Texas limited partnership (“One KR”). One KR is a wholly owned subsidiary of UDF I. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The One KR Loan provides One KR with up to $12.1 million to refinance existing third party debt and develop real property located in Bexar County, Texas. The One KR Loan was initially evidenced and secured by a first lien deed of trust recorded against approximately 31 acres of real property located in Bexar County, Texas, as well as a promissory note, assignments of certain lot sale contracts, a pledge of partnership interests in the borrower and other loan documents. The interest rate under the One KR Loan is the lower of 13% per annum, or the highest rate allowed by law. The One KR Loan matures and becomes due and payable in full on June 14, 2016. The One KR Loan provides One KR with an interest reserve of approximately $3.2 million, pursuant to which we will fund One KR’s monthly interest payments and add the payments to the outstanding principal balance of the One KR Loan.
In connection with the One KR Loan, One KR agreed to pay a $153,000 origination fee to us, which was funded at the closing of the One KR Loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
Summary Information
The chart below summarizes the approximate outstanding balance of each of our loans included in notes receivable – related parties as of the date indicated:
Loan Name	December 31, 2013			December 31, 2012
HLL Indian Springs Loan	$	-		$	1,460,000
Buffington Classic CL		-			399,000
HLL II Highland Farms Loan		1,572,000			1,478,000
HLL Hidden Meadows Loan		10,643,000			9,017,000
Ash Creek Loan		1,756,000			2,500,000
UDF TX Two Loan		502,000			3,183,000
UDF PM Loan		3,822,000			892,000
HLL IS Loan		2,522,000			3,111,000
One KR Loan		10,201,000			6,009,000
Total	$	31,018,000		$	28,049,000
The chart below summarizes the approximate accrued interest included in accrued receivable – related parties associated with each of our loans included in notes receivable – related parties as of the date indicated:
Loan Name	December 31, 2013			December 31, 2012
HLL Indian Springs Loan	$	-		$	2,000
Buffington Classic CL		-			4,000
HLL II Highland Farms Loan		-			-
HLL Hidden Meadows Loan		1,028,000			853,000
Ash Creek Loan		22,000			60,000
UDF TX Two Loan		16,000			81,000
UDF PM Loan		83,000			11,000
HLL IS Loan		12,000			35,000
One KR Loan		-			13,000
Total	$	1,161,000		$	1,059,000
The following table summarizes the approximate income included in interest income – related parties associated with each of our loans included in notes receivable – related parties for the period indicated:
	For the year ended December 31,
Loan Name	2013			2012			2011
HLL Indian Springs Loan	$	8,000		$	177,000		$	108,000
Buffington Classic CL		5,000			242,000			548,000
HLL II Highland Farms Loan		182,000			174,000			193,000
HLL Hidden Meadows Loan		1,298,000			1,032,000			634,000
Ash Creek Loan		284,000			266,000			40,000
UDF TX Two Loan		206,000			108,000			-
UDF PM Loan		326,000			11,000			-
HLL IS Loan		478,000			35,000			-
One KR Loan		1,033,000			13,000			-
Total	$	3,820,000		$	2,058,000		$	1,523,000
Commitment Fee Income
We and our wholly-owned subsidiaries will occasionally enter into loan agreements with affiliated entities that require origination fees to be funded to us at the closing of the loan. These origination fees are recognized as revenue over the life of the resulting loan and this revenue is included in commitment fee income – related parties.
The following table represents the approximate origination fees included in commitment fee income – related parties associated with each loan for the periods indicated:
	For the year ended December 31,
Loan Name	2013			2012			2011
HLL II Highland Farms Loan	$	2,000		$	8,000		$	9,000
HLL Hidden Meadows Loan		25,000			25,000			23,000
Ash Creek Loan		-			8,000			7,000
HLL IS Loan		21,000			4,000			-
One KR Loan		51,000			4,000			-
Total	$	99,000		$	49,000		$	39,000

Concentration_of_Credit_Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2013
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	P. Concentration of Credit Risk
	Financial instruments that potentially expose us to concentrations of credit risk are primarily temporary cash equivalent and loan participation interest – related parties. We maintain deposits in financial institutions that may at times exceed amounts covered by insurance provided by the United States Federal Deposit Insurance Corporation (“FDIC”). We have not experienced any losses related to amounts in excess of FDIC limits.
	At December 31, 2013, our real estate investments were secured by property located in Texas.
	We may invest in multiple secured loans that share a common borrower. The bankruptcy, insolvency or other inability of any borrower that is the subject of multiple loans to pay interest or repay principal on its loans would have adverse consequences on our income and reduce the amount of funds available for distribution to investors. The more concentrated our portfolio is with one or a few borrowers, the greater credit risk we face. The loss of any one of these borrowers would have a material adverse effect on our financial condition and results of operations.
	We did not have any individual loans to borrowers that accounted for over 10% of the outstanding balance of our portfolio as of December 31, 2013. Our largest individual borrower and its affiliates comprised approximately 65% of the outstanding balance of our portfolio.

Quarterly_Financial_Data

Quarterly Financial Data	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Data [Abstract]	'
Quarterly Financial Information [Text Block]	'
	Q. Quarterly Financial Data (Unaudited)
	The tables below illustrate the impact of the Restatement on our historical consolidated balance sheets, consolidated statements of operations and consolidated statements of cash flows for the interim quarters impacted, each as compared with the amounts presented in the original Quarterly Report on Form 10-Q previously filed with the SEC.
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated balance sheets as of March 31, 2013, June 30, 2013 and September 30, 2013.
		As of March 31, 2013						As of June 30, 2013						As of September 30, 2013
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	27,435,958	$	-545,528	$	26,890,430	$	27,331,908	$	-560,323	$	26,771,585	$	31,198,286	$	-538,516	$	30,659,770
	Notes receivable, net	$	273,547,740	$	-6,783,555	$	266,764,185	$	326,121,997	$	-8,795,761	$	317,326,236	$	397,649,546	$	-11,094,975	$	386,554,571
	Notes receivable - related parties, net	$	30,169,624	$	-1,520,108	$	28,649,516	$	29,263,370	$	-1,485,921	$	27,777,449	$	32,664,041	$	-1,421,834	$	31,242,207
	Total assets	$	393,435,365	$	-8,849,191	$	384,586,174	$	557,848,733	$	-10,842,005	$	547,006,728	$	552,483,873	$	-13,055,325	$	539,428,548
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-3,681,429	$	-8,849,191	$	-12,530,620	$	-6,912,617	$	-10,842,005	$	-17,754,622	$	-9,982,234	$	-13,055,325	$	-23,037,559
	Total liabilities and shareholders' equity	$	393,435,365	$	-8,849,191	$	384,586,174	$	557,848,733	$	-10,842,005	$	547,006,728	$	552,483,873	$	-13,055,325	$	539,428,548
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated balance sheets as of March 31, 2012, June 30, 2012 and September 30, 2012.
		As of March 31, 2012						As of June 30, 2012						As of September 30, 2012
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	23,193,616	$	-259,019	$	22,934,597	$	27,759,238	$	-270,779	$	27,488,459	$	29,721,855	$	-318,690	$	29,403,165
	Notes receivable, net	$	130,343,743	$	-3,412,396	$	126,931,347	$	157,087,599	$	-4,276,680	$	152,810,919	$	196,229,283	$	-4,943,840	$	191,285,443
	Notes receivable - related parties, net	$	14,203,542	$	-594,409	$	13,609,133	$	16,450,270	$	-569,501	$	15,880,769	$	19,083,599	$	-614,593	$	18,469,006
	Total assets	$	191,246,637	$	-4,265,824	$	186,980,813	$	234,119,183	$	-5,116,960	$	229,002,223	$	288,514,718	$	-5,877,123	$	282,637,595
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-408,408	$	-4,265,824	$	-4,674,232	$	-1,092,066	$	-5,116,960	$	-6,209,026	$	-1,335,147	$	-5,877,123	$	-7,212,270
	Total liabilities and shareholders' equity	$	191,246,637	$	-4,265,824	$	186,980,813	$	234,119,183	$	-5,116,960	$	229,002,223	$	288,514,718	$	-5,877,123	$	282,637,595
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated statements of operations for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013.
		Three Months Ended March 31, 2013						Three Months Ended June 30, 2013						Three Months Ended September 30, 2013
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	General and administrative - related parties	$	462,929	$	457,084	$	920,013	$	539,871	$	1,992,814	$	2,532,685	$	606,745	$	2,213,320	$	2,820,065
	Total noninterest expense	$	2,366,325	$	457,084	$	2,823,409	$	2,780,285	$	1,992,814	$	4,773,099	$	3,601,100	$	2,213,320	$	5,814,420
	Net income	$	7,298,456	$	-457,084	$	6,841,372	$	8,127,509	$	-1,992,814	$	6,134,695	$	9,893,633	$	-2,213,320	$	7,680,313
	Net income per weighted average share outstanding	$	0.39	$	-0.03	$	0.36	$	0.31	$	-0.08	$	0.23	$	0.31	$	-0.07	$	0.24
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated statements of operations for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012.
		Three Months Ended March 31, 2012						Three Months Ended June 30, 2012						Three Months Ended September 30, 2012
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	General and administrative - related parties	$	261,360	$	203,743	$	465,103	$	287,016	$	851,136	$	1,138,152	$	330,158	$	760,163	$	1,090,321
	Total noninterest expense	$	1,211,291	$	203,743	$	1,415,034	$	1,480,190	$	851,136	$	2,331,326	$	1,703,156	$	760,163	$	2,463,319
	Net income	$	3,320,812	$	-203,743	$	3,117,069	$	3,932,899	$	-851,136	$	3,081,763	$	5,050,050	$	-760,163	$	4,289,887
	Net income per weighted average share outstanding	$	0.41	$	-0.02	$	0.39	$	0.38	$	-0.08	$	0.3	$	0.39	$	-0.06	$	0.33
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated statements of cash flows for the three months ended March 31, 2013, the six months ended June 30, 2013 and the nine months ended September 30, 2013.
		Three Months Ended March 31, 2013						Six Months Ended June 30, 2013						Nine Months Ended September 30, 2013
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	7,298,456	$	-457,084	$	6,841,372	$	15,425,965	$	-2,449,898	$	12,976,067	$	25,319,598	$	-4,663,218	$	20,656,380
	Net cash provided by operating activities	$	3,691,094	$	-457,084	$	3,234,010	$	7,893,089	$	-2,449,898	$	5,443,191	$	18,111,535	$	-4,663,218	$	13,448,317
	Investing Activities
	Investments in loan participation interests - related party	$	-1,419,746	$	195,242	$	-1,224,504	$	-7,178,728	$	210,037	$	-6,968,691	$	-13,436,889	$	188,230	$	-13,248,659
	Investments in notes receivable	$	-36,028,817	$	305,901	$	-35,722,916	$	-118,480,609	$	2,318,107	$	-116,162,502	$	-218,265,721	$	4,617,321	$	-213,648,400
	Investments in notes receivable - related party	$	-5,156,287	$	-44,059	$	-5,200,346	$	-7,894,118	$	-78,246	$	-7,972,364	$	-11,463,664	$	-142,333	$	-11,605,997
	Net cash used in investing activities	$	-26,024,782	$	457,084	$	-25,567,698	$	-78,053,797	$	2,449,898	$	-75,603,899	$	-163,829,555	$	4,663,218	$	-159,166,337
	Net increase in cash and cash equivalents	$	20,172,157	$	-	$	20,172,157	$	132,644,369	$	-	$	132,644,369	$	41,135,452	$	-	$	41,135,452
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated statements of cash flows for the three months ended March 31, 2012, the six months ended June 30, 2012 and the nine months ended September 30, 2012.
		Three Months Ended March 31, 2012						Six Months Ended June 30, 2012						Nine Months Ended September 30, 2012
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	3,320,812	$	-203,743	$	3,117,069	$	7,253,712	$	-1,054,879	$	6,198,833	$	12,303,761	$	-1,815,042	$	10,488,719
	Net cash provided by operating activities	$	1,413,846	$	-203,743	$	1,210,103	$	3,061,341	$	-1,054,879	$	2,006,462	$	6,736,131	$	-1,815,042	$	4,921,089
	Investing Activities
Investments in loan participation interests - related party	$	-1,047,818	$	-20,609	$	-1,068,427	$	-3,786,047	$	-8,849	$	-3,794,896	$	-8,671,930	$	39,062	$	-8,632,868
Investments in notes receivable	$	-26,134,901	$	249,260	$	-25,885,641	$	-68,032,325	$	1,113,544	$	-66,918,781	$	-115,384,265	$	1,780,704	$	-113,603,561
Investments in notes receivable - related party	$	-1,702,169	$	-24,908	$	-1,727,077	$	-5,394,399	$	-49,816	$	-5,444,215	$	-9,753,066	$	-4,724	$	-9,757,790
Net cash used in investing activities	$	-21,528,407	$	203,743	$	-21,324,664	$	-55,323,844	$	1,054,879	$	-54,268,965	$	-99,354,847	$	1,815,042	$	-97,539,805
Net increase in cash and cash equivalents	$	1,288,973	$	-	$	1,288,973	$	9,267,612	$	-	$	9,267,612	$	18,082,854	$	-	$	18,082,854
Selected quarterly financial data (unaudited) for the years ended December 31, 2013 and 2012 is set forth below:
	Total Interest		Net Interest		Net Income		Net Income Per
	Income		Income After				Share
			Provision For
			Loan Losses
2013
First quarter (as restated)	$	10,280,000	$	9,390,000	$	6,841,000	$	0.36
Second quarter (as restated)	$	11,452,000	$	10,605,000	$	6,135,000	$	0.23
Third quarter (as restated)	$	13,497,000	$	12,852,000	$	7,680,000	$	0.24
Fourth quarter	$	15,534,000	$	14,810,000	$	8,685,000	$	0.27
2012
First quarter (as restated)	$	5,064,000	$	4,441,000	$	3,117,000	$	0.39
Second quarter (as restated)	$	5,914,000	$	5,296,000	$	3,082,000	$	0.3
Third quarter (as restated)	$	7,256,000	$	6,598,000	$	4,290,000	$	0.33
Fourth quarter (as restated)	$	8,763,000	$	7,986,000	$	3,408,000	$	0.21

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	R. Subsequent Events
	On February 3, 2014, our board of trustees appointed Stacey H. Dwyer as our Chief Operating Officer, effective February 17, 2014. We entered into an Employment Agreement with Ms. Dwyer effective as of February 17, 2104. In connection with Ms. Dwyer’s appointment, David A. Hanson stepped down from his role as our Chief Operating Officer. However, Mr. Hanson remains our Chief Accounting Officer.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Restatement Policy [Policy Text Block]	'
	Restatement
	We are restating our previously issued (i) consolidated balance sheets included in our Annual Reports on Form 10-K as of December 31, 2012, 2011, 2010 and 2009 and (ii) consolidated statements of operations, consolidated statements of changes in shareholders’ equity, and consolidated statements of cash flows for the years ended December 31, 2012, 2011, 2010 and 2009 (the “Restatement”). We do not plan to file amendments to any of our previously filed Annual Reports on Form 10-K in connection with the Restatement and, instead, will present all of the restated annual financial statements referred to above in this Annual Report on Form 10-K.
	In addition, the error that requires us to restate the annual financial statements referred to above materially impacted each of our quarters beginning with the quarter ended March 31, 2010 through the quarter ended September 30, 2013. As a result, we intend to restate our previously issued (i) consolidated balance sheets, (ii) consolidated statements of operations and (iii) consolidated statements of cash flows included in our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013.  We intend to present these restated quarterly financial statements in amendments to our previously filed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013 as soon as practicable following the filing of this Annual Report on Form 10-K. We do not intend to amend our previously filed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010 through September 30, 2012; however, as we reported in our Current Report on Form 8-K filed on April 4, 2014, the financial statements included in our Quarterly Reports on Form 10-Q for each of the periods beginning with the quarter ended March 31, 2010 through September 30, 2013 should not be relied upon. In this Annual Report on Form 10-K, the annual and interim periods from the year ended December 31, 2009 through the quarter ended September 30, 2013 are collectively referred to as the “Restatement Period.”
	The impact of the Restatement is included in this Annual Report on Form 10-K, and is more specifically described in Notes C and Q below, and in “Item 6 – Selected Financial Data” and “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Annual Report on Form 10-K.
	A summary of our significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	These consolidated audited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Trust and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from these estimates and assumptions.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and Cash Equivalents
	We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. At December 31, 2013 and 2012, there were no such amounts included in cash and cash equivalents.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Restricted Cash
	Restricted cash includes monies held in escrow with respect to subscriptions for shares of beneficial interest, deposits associated with certain guarantees, and investments with maturities greater than three months.
Loan Participation Interest Related Parties [Policy Text Block]	'
	Loan Participation Interest – Related Parties
	Loan participation interest – related parties are recorded at the lower of cost or net realizable value. Loan participation interest – related parties represents the purchase of a financial interest in certain interim construction loan, paper lot (residential lots shown on a plat that has been accepted by the city or county, but which is currently undeveloped or under development) loan and finished lot loan facilities originated by our affiliates. We participate in these loans by funding the lending obligations of our affiliates under these credit facilities up to a maximum amount for each participation. Such participations entitle us to receive payments of principal and interest from the borrower up to the amounts funded by us and interest on the funded amounts from the borrower. The participation interests in interim construction loan facilities are collateralized by first lien deeds of trust on the homes financed under the construction loans. The participation interests in paper lot loan and finished lot loan facilities are collateralized by one or more of the following: first or second lien deeds of trust, a pledge of ownership interests in the borrower, assignments of lot sale contracts, or reimbursements of development costs due to the borrower under contracts with districts and cities. None of such loans are insured or guaranteed by a federally owned or guaranteed mortgage agency. The participations have terms ranging from 12 to 31 months and bear interest at rates ranging from 12% to 15%. The participation interests may be paid off prior to maturity; however, we intend to hold all participation interests for the life of the loans.
Notes Receivable [Policy Text Block]	'
	Notes Receivable and Notes Receivable – Related Parties
	Notes receivable and notes receivable – related parties are recorded at the lower of cost or net realizable value. The notes are collateralized by one or more of the following: first or second lien deeds of trust, a pledge of ownership interests in the borrower, assignments of lot sale contracts, or reimbursements of development costs due to the borrower under contracts with districts and cities. None of such notes are insured or guaranteed by a federally owned or guaranteed mortgage agency. The notes have terms ranging from 3 to 48 months and bear interest at rates ranging from 11% to 15%. The notes may be paid off prior to maturity; however, we intend to hold all notes for the life of the notes.
Real Estate Held for Development and Sale, Policy [Policy Text Block]	'
	Real Estate Owned
	Real estate owned is stated at cost, which includes costs associated with the acquisition of the real estate, unless it is determined that the value has been impaired, in which case the real estate owned would be reduced to fair value.
	Real estate owned consists of finished single-family residential lots purchased by UDF IV LBI, UDF IV LBII and UDF IV LBIII (collectively, the “UDF IV LB Entities”) from third party builders. Each UDF IV LB Entity has entered into a lot option agreement with each builder whereby the builder will reacquire the lots in accordance with a takedown schedule for a pre-determined lot price (the “base lot price”) identified in the lot option agreement. In consideration for the right to repurchase the lots from the UDF IV LB Entity, each builder provided the UDF IV LB entity a non-refundable earnest money deposit, a portion of which will be applied to the purchase price of each lot, as it is repurchased. In addition, each builder has agreed to pay the appropriate UDF IV LB Entity a monthly option fee equal to one twelfth of 13% of the base lot price of the lots the builder has not yet reacquired from the UDF IV LB Entity. If the builder does not perform in accordance with the terms of the lot option agreement, the builder will forfeit the remaining earnest money deposit and the lots can be sold to another builder. As of December 31, 2013, the lot option agreements have terms ranging from 18 to 24 months.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	'
	Allowance for Loan Losses
	The allowance for loan losses is our estimate of incurred losses in our portfolio of notes receivable, notes receivable – related parties and loan participation interest – related parties. We periodically perform a detailed review of our portfolio of notes and other loans to determine if impairment has occurred and to assess the adequacy of the allowance for loan losses. Our review consists of evaluating economic conditions, the estimated value of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral, and other relevant factors. This review is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.
	In reviewing our portfolio, we use cash flow estimates from the disposition of finished lots, paper lots and undeveloped land as well as cash flow received from the issuance of bonds from municipal reimbursement districts. These estimates are based on current market metrics, including, without limitation, the supply of finished lots, paper lots and undeveloped land; the supply of homes and the rate and price at which land and homes are sold; historic levels and trends; executed contracts; appraisals and discussions with third party market analysts and participants, including homebuilders. We have based our valuations on current and historic market trends on our analysis of market events and conditions, including activity within our portfolio, and on the analysis of third-party services such as Metrostudy and Residential Strategies, Inc. Cash flow forecasts also have been based on executed purchase contracts which provide base prices, escalation rates, and absorption rates on an individual project basis. For projects deemed to have an extended time horizon for disposition, we have considered third-party appraisals to provide a valuation in accordance with guidelines set forth in the Uniform Standards of Professional Appraisal Practice. In addition to cash flows from the disposition of property, cost analysis has been performed based on estimates of development and senior financing expenditures provided by developers and independent professionals on a project-by-project basis. These amounts have been reconciled with our best estimates to establish the net realizable value of the portfolio.
	We charge additions to the allowance for loan losses to current period earnings through a provision for loan losses. Amounts determined to be uncollectible are charged directly against, or “charged off,” and decrease the allowance for loan losses, while amounts recovered on previously charged off accounts increase the allowance.
Organization And Offering Expenses [Policy Text Block]	'
	Organization and Offering Expenses
	Organization costs will be expensed as incurred in accordance with Statement of Position 98-5, Reporting on the Costs of Start-up Activities, currently within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 720-15. Offering costs related to raising capital from debt will be capitalized and amortized over the term of such debt. Offering costs related to raising capital from equity reduce equity and are reflected as shares issuance costs in shareholders’ equity. Certain offering costs were paid by our Advisor. As discussed in Note O to the consolidated financial statements, these costs have been reimbursed to our Advisor by the Trust.
Investor Subscriptions Receivable [Policy Text Block]	'
	Investor Subscriptions Receivable
	Investor subscriptions receivable represents amounts receivable from our transfer agent related to investments they have admitted in connection with our initial public offering. See Note D – Registration Statement for further discussion of our offering. Our transfer agent processed investor admissions on a daily basis, then sent the proceeds of each admission to us the subsequent day. The investor subscriptions receivable represents our receivable related to the previous day’s investor admissions.
Revenue Recognition, Policy [Policy Text Block]	'
	Interest Income and Non-Interest Income Recognition
	Interest income on loan participation interest – related parties, notes receivable and notes receivable – related parties is recognized over the life of the participation agreement or note agreement and recorded on the accrual basis. A loan is placed on non-accrual status and income recognition is suspended at the date at which, in the opinion of management, a full recovery of income and principal becomes more likely than not, but is no longer probable, based upon our review of economic conditions, the estimated value of the underlying collateral, the guarantor, adverse situations that may affect the borrower’s ability to pay or the value of the collateral and other relevant factors. Income recognition is resumed when the loan becomes contractually current and performance is demonstrated to be resumed. Any payments received on loans classified as non-accrual status are typically applied first to outstanding loan amounts and then to the recovery of lost interest. As of December 31, 2013 and 2012, we were accruing interest on all loan participation interest – related parties, notes receivable and notes receivable – related parties.
	Commitment fee income and commitment fee income – related parties represents non-refundable fees charged to borrowers for entering into an obligation that commits us to make or acquire a loan or to satisfy a financial obligation of the borrower when certain conditions are met within a specified time period. When a commitment is considered an integral part of the resulting loan and we believe there is a reasonable expectation that the commitment will be called upon, the commitment fee is recognized as revenue over the life of the resulting loan. As of December 31, 2013 and 2012, approximately $2.5 million and $970,000, respectively, of unamortized commitment fees are included as an offset of notes receivable. Approximately $164,000 and $263,000 of unamortized commitment fees are included as an offset of notes receivable – related parties as of December 31, 2013 and 2012, respectively. When we believe it is unlikely that the commitment will be called upon or that the fee is not an integral part of the return of a specific future lending arrangement, the commitment fee is recognized as income when it is earned, based on the specific terms of the commitment. We make a determination of revenue recognition on a case by case basis, due to the unique and varying terms of each commitment.
	In addition, commitment fee income includes option fees earned by us in connection with option agreements we have entered into to sell lots that are included in real estate owned. Option fees are recorded over the life of the lot option agreement as earned, pursuant to the terms of the lot option agreement.
	Real estate owned – property sales income and real estate owned – property sales cost are recorded as lots are sold to builders.
Acquisition and Origination Fees [Policy Text Block]	'
	Acquisition and Origination Fees
	We incur acquisition and origination fees, payable to UMTH LD, our asset manager, equal to 3% of the net amount available for investment in secured loans and other real estate assets (“Acquisition and Origination Fees”); provided, however, that we will not incur Acquisition and Origination Fees with respect to any asset level indebtedness we incur. The Acquisition and Origination Fees that we incur will be reduced by the amount of any acquisition and origination fees and expenses paid by borrowers or investment entities to our Advisor or affiliates of our Advisor with respect to our investment. We will not incur any Acquisition and Origination Fees with respect to any participation agreement we enter into with our affiliates or any affiliates of our Advisor for which our Advisor or affiliates of our Advisor have previously received acquisition and origination fees and expenses from such affiliate with respect to the same secured loan or other real estate asset. Acquisition and Origination Fees are expensed as incurred. See Note C for further discussion of the Restatement associated with Acquisition and Origination Fees.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	We made an election under Section 856(c) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), to be taxed as a real estate investment trust (“REIT”), beginning with the taxable year ended December 31, 2010. As a REIT, we generally are not subject to federal income tax on income that we distribute to our shareholders. If we later fail to qualify as a REIT in any taxable year, we will be subject to federal income tax on our taxable income at regular corporate rates and may not be permitted to qualify for treatment as a REIT for federal income tax purposes for four years following the year in which our qualification is denied unless we are entitled to relief under certain statutory provisions. Such an event could materially and adversely affect our net income. However, we intend to continue to operate so as to remain qualified as a REIT for federal income tax purposes.
	FASB ASC 740 prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. In accordance with FASB ASC 740, we must determine whether it is more likely than not that a tax position will be sustained upon examination based on the technical merits of the position. We believe we have no such uncertain positions.
	We file income tax returns in the United States federal jurisdiction. At December 31, 2013, tax returns related to fiscal years ended December 31, 2010 through December 31, 2013 remain open to possible examination by the tax authorities. No tax returns are currently under examination by any tax authorities. We did not incur any penalties or interest during the years ended December 31, 2013 and 2012.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value of Financial Instruments
	In accordance with the reporting requirements of FASB ASC 825-10, Financial Instruments-Fair Value, we calculate the fair value of our assets and liabilities which qualify as financial instruments under this statement and include this additional information in the notes to the financial statements when the fair value is different than the carrying value of those financial instruments. The estimated fair value of restricted cash, accrued interest receivable, accrued receivable – related parties, accounts payable, accrued liabilities and accrued liabilities – related parties approximates the carrying amounts due to the relatively short maturity of these instruments. The estimated fair value of notes receivable, notes receivable – related parties, loan participation interest – related parties, senior credit facility, lines of credit and notes payable approximate the carrying amount since they bear interest at the market rate.
Guarantees, Indemnifications and Warranties Policies [Policy Text Block]	'
	Guarantees
	From time to time we enter into guarantees of debtor’s or affiliates’ borrowings and provide credit enhancements for the benefit of senior lenders in connection with our debtors and investments (collectively referred to as “guarantees”), and we account for such guarantees in accordance with FASB ASC 460-10, Guarantees.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	Certain reclassifications have been made to prior period amounts in order to conform with the current year presentation.

Restatement_Tables

Restatement (Tables)	12 Months Ended
	Dec. 31, 2013
Restatement [Abstract]	'
Schedule Of Restated Balance Sheet [Table Text Block]	'
	The following tables present the effects of the Restatement described above on the affected line items within the Trust’s previously reported consolidated balance sheets as of December 31, 2012, 2011, 2010 and 2009.
		As of December 31, 2012
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	29,743,602	$	-350,286	$	29,393,316
	Notes receivable, net	$	246,450,255	$	-6,477,654	$	239,972,601
	Notes receivable - related parties, net	$	29,350,382	$	-1,564,167	$	27,786,215
	Total assets	$	344,871,174	$	-8,392,107	$	336,479,067
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-3,062,972	$	-8,392,107	$	-11,455,079
	Total liabilities and shareholders' equity	$	344,871,174	$	-8,392,107	$	336,479,067
		As of December 31, 2011
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	23,036,428	$	-279,628	$	22,756,800
	Notes receivable, net	$	109,070,679	$	-3,163,136	$	105,907,543
	Notes receivable - related parties, net	$	14,308,463	$	-619,317	$	13,689,146
	Total assets	$	166,455,733	$	-4,062,081	$	162,393,652
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-506,043	$	-4,062,081	$	-4,568,124
	Total liabilities and shareholders' equity	$	166,455,733	$	-4,062,081	$	162,393,652
		As of December 31, 2010
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	6,190,133	$	-398,489	$	5,791,644
	Notes receivable, net	$	53,800,754	$	-1,476,811	$	52,323,943
	Notes receivable - related parties, net	$	5,627,299	$	-149,755	$	5,477,544
	Total assets	$	79,570,784	$	-2,025,055	$	77,545,729
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-132,950	$	-2,025,055	$	-2,158,005
	Total liabilities and shareholders' equity	$	79,570,784	$	-2,025,055	$	77,545,729
		As of December 31, 2009
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	1,380,757	$	-40,216	$	1,340,541
	Total assets	$	8,308,756	$	-40,216	$	8,268,540
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-25,329	$	-40,216	$	-65,545
	Total liabilities and shareholders' equity	$	8,308,756	$	-40,216	$	8,268,540
Schedule Of Restated Operations Statements [Table Text Block]	'
	The following tables present the effects of the Restatement described above on the affected line items within the Trust’s previously reported consolidated statements of operations for the years ended December 31, 2012, 2011, 2010 and 2009.
		Year Ended December 31, 2012
		As Previously
		Reported		Adjustment		As Restated
	General and administrative - related parties	$	1,256,905	$	4,330,026	$	5,586,931
	Total noninterest expense	$	6,685,246	$	4,330,026	$	11,015,272
	Net income	$	18,226,269	$	-4,330,026	$	13,896,243
	Net income per weighted average share outstanding	$	1.53	$	-0.36	$	1.17
		Year Ended December 31, 2011
		As Previously
		Reported		Adjustment		As Restated
	General and administrative - related parties	$	736,896	$	2,037,026	$	2,773,922
	Total noninterest expense	$	3,174,864	$	2,037,026	$	5,211,890
	Net income	$	7,879,688	$	-2,037,026	$	5,842,662
	Net income per weighted average share outstanding	$	1.66	$	-0.43	$	1.23
		Year Ended December 31, 2010
		As Previously
		Reported		Adjustment		As Restated
	General and administrative - related parties	$	345,314	$	1,984,839	$	2,330,153
	Total noninterest expense	$	1,114,188	$	1,984,839	$	3,099,027
	Net income	$	2,225,937	$	-1,984,839	$	241,098
	Net income per weighted average share outstanding	$	1.67	$	-1.49	$	0.18
		Year Ended December 31, 2009
		As Previously
		Reported		Adjustment		As Restated
	General and administrative - related parties	$	-	$	40,216	$	40,216
	Total noninterest expense	$	25,959	$	40,216	$	66,175
	Net loss	$	-21,712	$	-40,216	$	-61,928
	Net loss per weighted average share outstanding	$	-1.63	$	-3.03	$	-4.66
Schedule Of Restated Shareholders Equity Statements [Table Text Block]	'
	The following table presents the effects of the Restatement described above on the affected line items within the Trust’s previously reported consolidated statements of changes in shareholders’ equity for the years ended December 31, 2012, 2011, 2010 and 2009.
		Retained Earnings (Accumulated Deficit)						Total Shareholders' Equity
		As Previously		Adjustment		As Restated		As Previously		Adjustment		As Restated
		Reported						Reported
	Balance at December 31, 2008	$	379	$	-	$	379	$	200,379	$	-	$	200,379
	Net loss	$	-21,712	$	-40,216	$	-61,928	$	-21,712	$	-40,216	$	-61,928
	Balance at December 31, 2009	$	-25,329	$	-40,216	$	-65,545	$	2,083,972	$	-40,216	$	2,043,756
	Net income	$	2,225,937	$	-1,984,839	$	241,098	$	2,225,937	$	-1,984,839	$	241,098
	Balance at December 31, 2010	$	-132,950	$	-2,025,055	$	-2,158,005	$	46,594,239	$	-2,025,055	$	44,569,184
	Net income	$	7,879,688	$	-2,037,026	$	5,842,662	$	7,879,688	$	-2,037,026	$	5,842,662
	Balance at December 31, 2011	$	-506,043	$	-4,062,081	$	-4,568,124	$	128,305,629	$	-4,062,081	$	124,243,548
	Net income	$	18,226,269	$	-4,330,026	$	13,896,243	$	18,226,269	$	-4,330,026	$	13,896,243
	Balance at December 31, 2012	$	-3,062,972	$	-8,392,107	$	-11,455,079	$	302,692,859	$	-8,392,107	$	294,300,752
Schedule Of Restated Cash Flow Statements [Table Text Block]	'
	The following tables present the effects of the Restatement described above on the affected line items within the Trust’s previously reported consolidated statements of cash flows for the years ended December 31, 2012, 2011, 2010 and 2009.
		Year Ended December 31, 2012
		As Previously
		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	18,226,269	$	-4,330,026	$	13,896,243
	Net cash provided by operating activities	$	14,095,156	$	-4,330,026	$	9,765,130
	Investing Activities
	Investments in loan participation interests - related party	$	-10,956,382	$	70,658	$	-10,885,724
	Investments in notes receivable	$	-172,569,883	$	3,314,518	$	-169,255,365
	Investments in notes receivable - related party	$	-21,141,760	$	944,850	$	-20,196,910
	Net cash used in investing activities	$	-160,159,569	$	4,330,026	$	-155,829,543
	Net increase in cash and cash equivalents	$	17,193,902	$	-	$	17,193,902
		Year Ended December 31, 2011
		As Previously
		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	7,879,688	$	-2,037,026	$	5,842,662
	Net cash provided by operating activities	$	6,562,260	$	-2,037,026	$	4,525,234
	Investing Activities
	Investments in loan participation interests - related party	$	-30,321,290	$	-118,861	$	-30,440,151
	Investments in notes receivable	$	-83,653,423	$	1,686,325	$	-81,967,098
	Investments in notes receivable - related party	$	-16,966,666	$	469,562	$	-16,497,104
	Net cash used in investing activities	$	-81,309,824	$	2,037,026	$	-79,272,798
	Net increase in cash and cash equivalents	$	3,488,455	$	-	$	3,488,455
		Year Ended December 31, 2010
		As Previously
		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	2,225,937	$	-1,984,839	$	241,098
	Net cash used in operating activities	$	-802,216	$	-1,984,839	$	-2,787,055
	Investing Activities
	Investments in loan participation interests - related party	$	-19,289,197	$	358,273	$	-18,930,924
	Investments in notes receivable	$	-60,348,498	$	1,476,811	$	-58,871,687
	Investments in notes receivable - related party	$	-7,395,577	$	149,755	$	-7,245,822
	Net cash used in investing activities	$	-64,353,042	$	1,984,839	$	-62,368,203
	Net increase in cash and cash equivalents	$	2,023,190	$	-	$	2,023,190
		Year Ended December 31, 2009
		As Previously
		Reported		Adjustment		As Restated
	Operating Activities
	Net loss	$	-21,712	$	-40,216	$	-61,928
	Net cash used in operating activities	$	-208,019	$	-40,216	$	-248,235
	Investing Activities
	Investments in loan participation interests - related party	$	-1,380,757	$	40,216	$	-1,340,541
	Net cash used in investing activities	$	-1,380,757	$	40,216	$	-1,340,541
	Net increase in cash and cash equivalents	$	496,682	$	-	$	496,682

Loans_and_Allowance_for_Loan_L1

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Schedule Of Notes and Loans Receivable [Table Text Block]	'
	All prior year information presented in this footnote has been revised to reflect the effects of the Restatement described in Note C above.
	The table below reflects our aggregate loan portfolio as of December 31, 2013 and 2012, which comprises loan participation interest – related parties, notes receivable, net and notes receivable – related parties and is recorded at the lower of cost or estimated net realizable value. See Note C above for the impact of the Restatement on our aggregate loan portfolio as of December 31, 2011, 2010 and 2009.
			December 31, 2013		December 31, 2012
	Loan participation interest – related parties, net		$	32,910,000	$	29,393,000
	Notes receivable, net			444,720,000		239,973,000
	Notes receivable – related parties, net			30,854,000		27,786,000
	Total		$	508,484,000	$	297,152,000
Schedule Of Classification Of Loan Receivable [Table Text Block]	'
	Our loans are classified as follows:
			December 31, 2013		December 31, 2012
	Real Estate:
	Construction, acquisition and land development		$	514,993,000	$	300,151,000
	Allowance for loan losses			-3,828,000		-1,766,000
	Unamortized commitment fees			-2,681,000		-1,233,000
	Total		$	508,484,000	$	297,152,000
Schedule Of Maturity Date Of Outstanding Loan Receivable [Table Text Block]	'
	The following table represents the scheduled maturity dates of the 114 loans outstanding as of December 31, 2013:
			Related Party						Non-related party							Total
	Maturity						% of							% of						% of
	Date		Amount		Loans		Total		Amount			Loans		Total		Amount		Loans		Total
	Matured		$	-	-		-		$	-		-		-		$	-	-		-
	2014			34,129,000	12		53	%		255,599,000		35		57	%		289,728,000	47		56	%
	2015			16,987,000	3		27	%		73,007,000		21		16	%		89,994,000	24		17	%
	2016			12,812,000	3		20	%		98,824,000		32		22	%		111,636,000	35		22	%
	2017			-	-		-			23,635,000		8		5	%		23,635,000	8		5	%
	Total		$	63,928,000	18		100	%	$	451,065,000		96		100	%	$	514,993,000	114		100	%
	The following table represents the scheduled maturity dates of the 68 loans outstanding as of December 31, 2012:
			Related Party						Non-related party							Total
	Maturity						% of							% of						% of
	Date		Amount		Loans		Total		Amount			Loans		Total		Amount		Loans		Total
	Matured		$	-	-		-		$	160,000		1		*		$	160,000	1		*
	2013			34,414,000	12		60	%		71,803,000		17		30	%		106,217,000	29		35	%
	2014			4,000,000	2		7	%		118,222,000		14		49	%		122,222,000	16		41	%
	2015			13,020,000	3		23	%		52,523,000		18		21	%		65,543,000	21		22	%
	2016			6,009,000	1		10	%		-		-		-			6,009,000	1		2	%
	Total		$	57,443,000	18		100	%	$	242,708,000		50		100	%	$	300,151,000	68		100	%
	* Less than 1%
Schedule Of Maturity Of Non Related Party Loan Receivable [Table Text Block]	'
	The following table describes the loans that were matured as of December 31, 2012, the activity with respect to such loans during the year ended December 31, 2013 and the loans that matured during the twelve months ended December 31, 2013 and remained matured as of December 31, 2013:
													Net Activity
										Matured Loan			During the
										Extensions			Twelve
										During the			Months			Loans
										Twelve Months			Ended			Matured
										Ended			December 31,			During the
										December 31,			2013 on			Twelve
										2013 on Loans			Loans			Months
										Matured as of			Matured as of			Ended
	Maturity						% of			December 31,			December 31,			December 31,							% of
	Date		Amount		Loans		Total			2012 (1)			2012 (2)			2013 (3)		Amount			Loans		Total
			Non-Related
			Matured as of December 31, 2012							2013 Activity (4)								Matured as of December 31, 2013
	2012		$	160,000	1		100	%		$	-		$	-160,000		$	-	$	-			-	-
	Total		$	160,000	1		100	%		$	-		$	-160,000		$	-	$	-			-	-
		-1	Amounts represent aggregate unpaid principal balance as of December 31, 2012 of matured loans as of December 31, 2012 that were extended but not paid in full during the twelve months ended December 31, 2013.
		-2	For loans matured as of December 31, 2012, net loan activity represents all activity on the loans during the twelve months ended December 31, 2013, including accrued interest, payment of fees and expenses, charge-offs and/or repayments.
		-3	Amounts represent aggregate unpaid principal balance as of December 31, 2012 of loans that matured during the twelve months ended December 31, 2013 and remained matured as of December 31, 2013.
		-4	The table does not reflect activity for loans that matured or were due to mature during the twelve months ended December 31, 2013, but were extended on or prior to December 31, 2013.
Schedule Of Credit Quality Of Assets [Table Text Block]	'
	As of the dates indicated, our loans were classified as follows:
			December 31, 2013		December 31, 2012
	Level 1		$	514,993,000	$	300,151,000
	Level 2			-		-
	Level 3			-		-
	Total		$	514,993,000	$	300,151,000
Schedule Of Allowance For Loan Receivable [Table Text Block]	'
	The following table summarizes the change in the reserve for loan losses during the years ended December 31, 2013 and 2012, which is offset against notes receivable:
			For the Year Ended		For the Year Ended
			December 31, 2013		December 31, 2012
	Balance, beginning of year		$	1,766,000	$	675,000
	Provision for loan losses			2,062,000		1,091,000
	Charge-offs			-		-
	Balance, end of period		$	3,828,000	$	1,766,000

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2013
Stockholders Equity Note [Abstract]	'
Schedule Of Special Distributions Made [Table Text Block]	'
	In addition to the distributions discussed above, the following table represents all special distributions authorized by our board of trustees through December 31, 2013:
	Authorization Date (1)		Record Date (2)		Rate (3)			Pay Date (4)
	8-Sep-10		15-Sep-10		$	0.05		15-Oct-10
	8-Sep-10		15-Dec-10		$	0.15		1-Feb-11
	10-Mar-11		30-Apr-11		$	0.1		17-May-11
	27-Jun-11		31-Aug-11		$	0.05		13-Sep-11
	1-Mar-12		30-Apr-12		$	0.05		18-May-12
	15-Aug-12		1-Oct-12		$	0.05		19-Oct-12
	10-Oct-12		14-Dec-12		$	0.05		15-Feb-13
	6-Mar-13		15-Apr-13		$	0.05		17-May-13
		-1	Represents the date the distribution was authorized by our board of trustees.
		-2	All outstanding common shares of beneficial interest as of the record date receive the distribution.
		-3	Represents the distribution rate per common share of beneficial interest on the record date.
		-4	Represents the date the special distribution was paid or will be paid in cash and DRIP or Secondary DRIP shares.
Distributions To Shareholders [Table Text Block]	'
			As of December 31, 2013, we have made the following distributions to our shareholders in 2013:
	Period Ended		Date Paid		Distribution
					Amount
	December 31, 2012		January 16, 2013		$	2,385,000
	December 14, 2012		February 15, 2013			856,000
	January 31, 2013		February 22, 2013			2,494,000
	February 28, 2013		March 22, 2013			2,353,000
	March 31, 2013		April 23, 2013			2,772,000
	April 15, 2013		May 17, 2013			1,094,000
	30-Apr-13		23-May-13			2,964,000
	31-May-13		21-Jun-13			3,800,000
	30-Jun-13		23-Jul-13			4,143,000
	31-Jul-13		22-Aug-13			4,381,000
	31-Aug-13		21-Sep-13			4,391,000
	30-Sep-13		23-Oct-13			4,260,000
	31-Oct-13		21-Nov-13			4,412,000
	30-Nov-13		23-Dec-13			4,280,000
					$	44,585,000
Schedule Of Sources Of Distributions to Equity Holders [Table Text Block]	'
	The distributions paid during the years ended December 31, 2013 and 2012, along with the amount of distributions reinvested pursuant to our DRIP and the sources of our distributions are reflected in the table below. In connection with the Restatement, cash payments to UMTH LD associated with Acquisition and Origination Fees were reclassified from investing activities to operating activities, thus reducing operating cash available for distributions. The impact of the Restatement on the tables below is more specifically described in Note C above. The sources of distributions in the table below have been adjusted to reflect the impact of the Restatement.
			Years Ended December 31,
			2013						2012
	Distributions paid in cash		$	27,697,000					$	12,476,000
	Distributions reinvested			16,888,000						6,974,000
	Total distributions		$	44,585,000					$	19,450,000
	Source of distributions:
	Cash from operations		$	24,512,000		55	%		$	9,765,000	50	%
	Proceeds from the Offering			13,521,000		30	%			-	-
	Borrowings under credit facilities			6,552,000		15	%			9,685,000	50	%
	Total sources		$	44,585,000		100	%		$	19,450,000	100	%
	The following table reflects the impact of the Restatement on the sources of distributions paid during the years ended December 31, 2011 and 2010. We did not pay any distributions for the year ended December 31, 2009.
			Year Ended December 31,
			2011						2010
	Source of distributions:
	Cash from operations		$	4,525,000		56	%		$	-	-
	Borrowings under credit facilities			3,556,000		44	%			1,886,000	100	%
	Total sources		$	8,081,000		100	%		$	1,886,000	100	%

Share_Redemption_Program_Table

Share Redemption Program (Tables)	12 Months Ended
	Dec. 31, 2013
Unit Redemption Program [Abstract]	'
Schedule Of Redemption Activity Of Shares [Table Text Block]	'
	The following table summarizes the redemption activity for the years ended December 31, 2013 and 2012. The amounts presented are in total shares:
		December 31, 2013		December 31, 2012
	Balance, beginning of year		-	-
	Redemption requests received		88,376	96,016
	Shares redeemed		-88,376	-96,016
	Balance, end of period		-	-

Real_Estate_Owned_Tables

Real Estate Owned (Tables)	12 Months Ended
	Dec. 31, 2013
Banking and Thrift [Abstract]	'
Other Real Estate, Roll Forward [Table Text Block]	'
	The following table summarizes the purchase and sale activity associated with these lots for the years ended December 31, 2013 and 2012.
		December 31, 2013		December 31, 2012
	Real estate owned, beginning of period	$	-	-
	Purchases of lots		9,017,000	-
	Sales of lots		-780,000	-
	Real estate owned, end of period	$	8,237,000	-

Notes_Payable_and_Lines_of_Cre1

Notes Payable and Lines of Credit (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule Of Notes Payable Balances [Table Text Block]	'
	The chart below summarizes the approximate outstanding balance of our notes payable and each of our lines of credit as of the date indicated:
	Facility	December 31, 2013		December 31, 2012
	Credit Facility	$	-	$	5,096,000
	UDF IV HF CTB LOC		10,000,000		6,000,000
	CTB Revolver		14,556,000		8,000,000
	UTB Revolver		-		3,801,000
	F&M Loan		-		5,709,000
	Legacy Revolver		-		142,000
	Veritex Revolver		-		5,036,000
	Affiliated Bank Loan		-		-
	UDF IV Fin VII Legacy LOC		-		-
	UDF IV Fin VI CTB LOC		5,963,000		-
	Independent Bank Loan		-		-
	Total	$	30,519,000	$	33,784,000
Schedule Of Interest Expense [Table Text Block]	'
	The following table represents the approximate interest expense incurred associated with our notes payable and lines of credit for the period indicated:
		For the year ended December 31,
	Facility	2013		2012		2011
	Credit Facility	$	165,000	$	499,000	$	922,000
	UDF IV HF CTB LOC		161,000		167,000		139,000
	CTB Revolver		210,000		320,000		241,000
	UTB Revolver		176,000		220,000		177,000
	F&M Loan		153,000		294,000		242,000
	Legacy Revolver		4,000		33,000		10,000
	Veritex Revolver		138,000		52,000		-
	Affiliated Bank Loan		-		-		-
	UDF IV Fin VII Legacy LOC		-		-		-
	UDF IV Fin VI CTB LOC		37,000		-		-
	Independent Bank Loan		-		-		-
	Total interest expense	$	1,044,000	$	1,585,000	$	1,731,000

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Schedule Of Amortization Of Financing Costs [Table Text Block]	'
	The following table represents the approximate amount included in general and administrative – related parties expense for the period indicated associated with Debt Financing Fees paid to our Advisor in connection with our credit facility and lines of credit:
		For the year ended December 31,
	Facility	2013			2012			2011
	Credit Facility	$	13,000		$	20,000		$	48,000
	UDF IV HF CTB LOC		52,000			27,000			20,000
	CTB Revolver		111,000			45,000			31,000
	UTB Revolver		8,000			13,000			31,000
	F&M Loan		33,000			60,000			33,000
	Legacy Revolver		4,000			50,000			8,000
	Veritex Revolver		21,000			6,000			-
	Affiliated Bank Loan		11,000			-			-
	UDF IV Fin VII Legacy LOC		21,000			-			-
	UDF IV Fin VI CTB LOC		52,000			-			-
	Independent Bank		6,000			-			-
	Total	$	332,000		$	221,000		$	171,000
Schedule Of Related Party General and Administrative Expenses [Table Text Block]	'
	The following table represents the approximate amount included in general and administrative – related parties expense for the periods indicated associated with Credit Enhancement Fees paid to UDF III for its guarantees of our lines of credit, as discussed in Note K. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD is the general partner of UDF III. UDF III has received an opinion from Jackson Claborn, Inc., an independent advisor, that these credit enhancements are fair and at least as reasonable as credit enhancements with unaffiliated entities in similar circumstances.
		For the year ended December 31,
	Facility	2013			2012			2011
	UDF IV HF CTB LOC	$	45,000		$	60,000		$	60,000
	CTB Revolver		45,000			59,000			43,000
	F&M Loan		28,000			58,000			51,000
	UDF IV Fin VI CTB LOC		5,000			-			-
	Total	$	123,000		$	177,000		$	154,000
Schedule Of Related Party Payments [Table Text Block]	'
	The chart below summarizes the approximate payments to related parties for the years ended December 31, 2013 and 2012:
				For the Year Ended December 31,
	Payee	Purpose		2013						2012
	UMTH GS
		O&O Reimbursement		$	8,167,000		33	%		$	5,878,000		38	%
		Advisory Fees			7,819,000		32	%			3,924,000		26	%
		Debt Financing Fees			361,000		1	%			148,000		1	%
	UMTH LD
		Acquisition and Origination Fees			7,953,000		33	%			5,155,000		34	%
	UDF III
		Credit Enhancement Fees			132,000		1	%			115,000		1	%
	Total Payments			$	24,432,000		100	%		$	15,220,000		100	%
Schedule Of Related Party Expenses [Table Text Block]	'
	The chart below summarizes the approximate expenses associated with related parties for the years ended December 31, 2013, 2012 and 2011:
		For the Year Ended December 31,
	Purpose	2013						2012						2011
	Advisory Fees	$	8,162,000		100	%		$	4,187,000		100	%		$	1,937,000	100	%
	Total Advisory fee – related party	$	8,162,000		100	%		$	4,187,000		100	%		$	1,937,000	100	%
	Amortization of Debt Financing Fees	$	332,000		3	%		$	222,000		4	%		$	171,000	6	%
	Acquisition and Origination Fees		9,504,000		95	%			5,188,000		93	%			2,449,000	88	%
	Credit Enhancement Fees		123,000		2	%			177,000		3	%			154,000	6	%
	Total General and administrative – related parties	$	9,959,000		100	%		$	5,587,000		100	%		$	2,774,000	100	%
	The chart below summarizes general and administrative - related parties expense for the years ended December 31, 2010 and 2009:
		For the Year Ended December 31,
	Purpose	2010					2009
	Amortization of Debt Financing Fees	$	156,000		6	%	$	-		-
	Acquisition and Origination Fees		2,109,000		91	%		40,000		100	%
	Credit Enhancement Fees		65,000		3	%		-		-
	Total General and administrative – related parties	$	2,330,000		100	%	$	40,000		100	%
Schedule Of Related Party Interest On Participation [Table Text Block]	'
	The chart below summarizes the approximate outstanding balance of each of our loans included in loan participation interest – related parties as of the date indicated:
	Loan Name	December 31, 2013			December 31, 2012
	Buffington Participation Agreements	$	2,826,000		$	7,203,000
	Buffington Lot Participation Agreements		279,000			499,000
	TR Finished Lot Participation		3,346,000			3,560,000
	TR Paper Lot Participation		12,617,000			10,620,000
	Carrollton Participation Agreement		-			817,000
	165 Howe Participation Agreement		-			1,289,000
	Pine Trace Participation Agreement		6,646,000			5,193,000
	Northpointe Participation Agreement		1,585,000			212,000
	Northpointe II Participation Agreement		3,000,000			-
	UMTHF Megatel Participation		-			-
	URHF Buckingham Participation		1,425,000			-
	URHF Bratton Hill Participation		1,186,000			-
	Total	$	32,910,000		$	29,393,000
Schedule Of Accounts Receivable, Loan Participation Interest Related Parties [Table Text Block]	'
	The chart below summarizes the approximate accrued interest included in accrued receivable – related parties associated with each of our loans included in loan participation interest – related parties as of the date indicated:
	Loan Name	December 31, 2013			December 31, 2012
	Buffington Participation Agreements	$	47,000		$	-
	Buffington Lot Participation Agreements		16,000			20,000
	TR Finished Lot Participation		66,000			175,000
	TR Paper Lot Participation		197,000			401,000
	Carrollton Participation Agreement		-			4,000
	165 Howe Participation Agreement		-			21,000
	Pine Trace Participation Agreement		562,000			134,000
	Northpointe Participation Agreement		-			-
	Northpointe II Participation Agreement		-			-
	UMTHF Megatel Participation		-			-
	URHF Buckingham Participation		91,000			-
	URHF Bratton Hill Participation		64,000			-
	Total	$	1,043,000		$	755,000
Schedule Of Interest Income, Loan Participation Interest Related Parties [Table Text Block]	'
	The following table summarizes the approximate income included in interest income – related parties associated with each of our loans included in loan participation interest – related parties for the periods indicated:
		For the year ended December 31,
	Loan Name	2013			2012			2011
	Buffington Participation Agreements	$	412,000		$	877,000		$	415,000
	Buffington Lot Participation Agreements		57,000			62,000			32,000
	TR Finished Lot Participation		534,000			455,000			337,000
	TR Paper Lot Participation		1,696,000			1,442,000			888,000
	Carrollton Participation Agreement		28,000			175,000			139,000
	165 Howe Participation Agreement		83,000			159,000			76,000
	Pine Trace Participation Agreement		729,000			388,000			-
	Northpointe Participation Agreement		142,000			51,000			-
	Northpointe II Participation Agreement		252,000			-			-
	UMTHF Megatel Participation		-			-			-
	URHF Buckingham Participation		7,000			-			-
	URHF Bratton Hill Participation		6,000			-			-
	Total	$	3,946,000		$	3,609,000		$	1,887,000
Schedule Of Related Party Notes Receivable [Table Text Block]	'
	The chart below summarizes the approximate outstanding balance of each of our loans included in notes receivable – related parties as of the date indicated:
	Loan Name	December 31, 2013			December 31, 2012
	HLL Indian Springs Loan	$	-		$	1,460,000
	Buffington Classic CL		-			399,000
	HLL II Highland Farms Loan		1,572,000			1,478,000
	HLL Hidden Meadows Loan		10,643,000			9,017,000
	Ash Creek Loan		1,756,000			2,500,000
	UDF TX Two Loan		502,000			3,183,000
	UDF PM Loan		3,822,000			892,000
	HLL IS Loan		2,522,000			3,111,000
	One KR Loan		10,201,000			6,009,000
	Total	$	31,018,000		$	28,049,000
Schedule Of Accounts Receivable, Notes Receivable - Related Parties [Table Text Block]	'
	The chart below summarizes the approximate accrued interest included in accrued receivable – related parties associated with each of our loans included in notes receivable – related parties as of the date indicated:
	Loan Name	December 31, 2013			December 31, 2012
	HLL Indian Springs Loan	$	-		$	2,000
	Buffington Classic CL		-			4,000
	HLL II Highland Farms Loan		-			-
	HLL Hidden Meadows Loan		1,028,000			853,000
	Ash Creek Loan		22,000			60,000
	UDF TX Two Loan		16,000			81,000
	UDF PM Loan		83,000			11,000
	HLL IS Loan		12,000			35,000
	One KR Loan		-			13,000
	Total	$	1,161,000		$	1,059,000
Schedule Of Interest Income, Notes Receivable - Related Parties [Table Text Block]	'
	The following table summarizes the approximate income included in interest income – related parties associated with each of our loans included in notes receivable – related parties for the period indicated:
		For the year ended December 31,
	Loan Name	2013			2012			2011
	HLL Indian Springs Loan	$	8,000		$	177,000		$	108,000
	Buffington Classic CL		5,000			242,000			548,000
	HLL II Highland Farms Loan		182,000			174,000			193,000
	HLL Hidden Meadows Loan		1,298,000			1,032,000			634,000
	Ash Creek Loan		284,000			266,000			40,000
	UDF TX Two Loan		206,000			108,000			-
	UDF PM Loan		326,000			11,000			-
	HLL IS Loan		478,000			35,000			-
	One KR Loan		1,033,000			13,000			-
	Total	$	3,820,000		$	2,058,000		$	1,523,000
Schedule Of Related Party Commitment Fee Income [Table Text Block]	'
	The following table represents the approximate origination fees included in commitment fee income – related parties associated with each loan for the periods indicated:
		For the year ended December 31,
	Loan Name	2013			2012			2011
	HLL II Highland Farms Loan	$	2,000		$	8,000		$	9,000
	HLL Hidden Meadows Loan		25,000			25,000			23,000
	Ash Creek Loan		-			8,000			7,000
	HLL IS Loan		21,000			4,000			-
	One KR Loan		51,000			4,000			-
	Total	$	99,000		$	49,000		$	39,000

Quarterly_Financial_Data_Table

Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2013
Schedule Of Restated Quarterly Balance Sheet [Table Text Block]	'
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated balance sheets as of March 31, 2013, June 30, 2013 and September 30, 2013.
		As of March 31, 2013						As of June 30, 2013						As of September 30, 2013
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	27,435,958	$	-545,528	$	26,890,430	$	27,331,908	$	-560,323	$	26,771,585	$	31,198,286	$	-538,516	$	30,659,770
	Notes receivable, net	$	273,547,740	$	-6,783,555	$	266,764,185	$	326,121,997	$	-8,795,761	$	317,326,236	$	397,649,546	$	-11,094,975	$	386,554,571
	Notes receivable - related parties, net	$	30,169,624	$	-1,520,108	$	28,649,516	$	29,263,370	$	-1,485,921	$	27,777,449	$	32,664,041	$	-1,421,834	$	31,242,207
	Total assets	$	393,435,365	$	-8,849,191	$	384,586,174	$	557,848,733	$	-10,842,005	$	547,006,728	$	552,483,873	$	-13,055,325	$	539,428,548
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-3,681,429	$	-8,849,191	$	-12,530,620	$	-6,912,617	$	-10,842,005	$	-17,754,622	$	-9,982,234	$	-13,055,325	$	-23,037,559
	Total liabilities and shareholders' equity	$	393,435,365	$	-8,849,191	$	384,586,174	$	557,848,733	$	-10,842,005	$	547,006,728	$	552,483,873	$	-13,055,325	$	539,428,548
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated balance sheets as of March 31, 2012, June 30, 2012 and September 30, 2012.
		As of March 31, 2012						As of June 30, 2012						As of September 30, 2012
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	23,193,616	$	-259,019	$	22,934,597	$	27,759,238	$	-270,779	$	27,488,459	$	29,721,855	$	-318,690	$	29,403,165
	Notes receivable, net	$	130,343,743	$	-3,412,396	$	126,931,347	$	157,087,599	$	-4,276,680	$	152,810,919	$	196,229,283	$	-4,943,840	$	191,285,443
	Notes receivable - related parties, net	$	14,203,542	$	-594,409	$	13,609,133	$	16,450,270	$	-569,501	$	15,880,769	$	19,083,599	$	-614,593	$	18,469,006
	Total assets	$	191,246,637	$	-4,265,824	$	186,980,813	$	234,119,183	$	-5,116,960	$	229,002,223	$	288,514,718	$	-5,877,123	$	282,637,595
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-408,408	$	-4,265,824	$	-4,674,232	$	-1,092,066	$	-5,116,960	$	-6,209,026	$	-1,335,147	$	-5,877,123	$	-7,212,270
	Total liabilities and shareholders' equity	$	191,246,637	$	-4,265,824	$	186,980,813	$	234,119,183	$	-5,116,960	$	229,002,223	$	288,514,718	$	-5,877,123	$	282,637,595
Schedule Of Restated Quarterly Operations Statements [Table Text Block]	'
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated statements of operations for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013.
		Three Months Ended March 31, 2013						Three Months Ended June 30, 2013						Three Months Ended September 30, 2013
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	General and administrative - related parties	$	462,929	$	457,084	$	920,013	$	539,871	$	1,992,814	$	2,532,685	$	606,745	$	2,213,320	$	2,820,065
	Total noninterest expense	$	2,366,325	$	457,084	$	2,823,409	$	2,780,285	$	1,992,814	$	4,773,099	$	3,601,100	$	2,213,320	$	5,814,420
	Net income	$	7,298,456	$	-457,084	$	6,841,372	$	8,127,509	$	-1,992,814	$	6,134,695	$	9,893,633	$	-2,213,320	$	7,680,313
	Net income per weighted average share outstanding	$	0.39	$	-0.03	$	0.36	$	0.31	$	-0.08	$	0.23	$	0.31	$	-0.07	$	0.24
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated statements of operations for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012.
		Three Months Ended March 31, 2012						Three Months Ended June 30, 2012						Three Months Ended September 30, 2012
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	General and administrative - related parties	$	261,360	$	203,743	$	465,103	$	287,016	$	851,136	$	1,138,152	$	330,158	$	760,163	$	1,090,321
	Total noninterest expense	$	1,211,291	$	203,743	$	1,415,034	$	1,480,190	$	851,136	$	2,331,326	$	1,703,156	$	760,163	$	2,463,319
	Net income	$	3,320,812	$	-203,743	$	3,117,069	$	3,932,899	$	-851,136	$	3,081,763	$	5,050,050	$	-760,163	$	4,289,887
	Net income per weighted average share outstanding	$	0.41	$	-0.02	$	0.39	$	0.38	$	-0.08	$	0.3	$	0.39	$	-0.06	$	0.33
Schedule Of Restated Quarterly Cash Flow Statements [Table Text Block]	'
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated statements of cash flows for the three months ended March 31, 2013, the six months ended June 30, 2013 and the nine months ended September 30, 2013.
		Three Months Ended March 31, 2013						Six Months Ended June 30, 2013						Nine Months Ended September 30, 2013
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	7,298,456	$	-457,084	$	6,841,372	$	15,425,965	$	-2,449,898	$	12,976,067	$	25,319,598	$	-4,663,218	$	20,656,380
	Net cash provided by operating activities	$	3,691,094	$	-457,084	$	3,234,010	$	7,893,089	$	-2,449,898	$	5,443,191	$	18,111,535	$	-4,663,218	$	13,448,317
	Investing Activities
	Investments in loan participation interests - related party	$	-1,419,746	$	195,242	$	-1,224,504	$	-7,178,728	$	210,037	$	-6,968,691	$	-13,436,889	$	188,230	$	-13,248,659
	Investments in notes receivable	$	-36,028,817	$	305,901	$	-35,722,916	$	-118,480,609	$	2,318,107	$	-116,162,502	$	-218,265,721	$	4,617,321	$	-213,648,400
	Investments in notes receivable - related party	$	-5,156,287	$	-44,059	$	-5,200,346	$	-7,894,118	$	-78,246	$	-7,972,364	$	-11,463,664	$	-142,333	$	-11,605,997
	Net cash used in investing activities	$	-26,024,782	$	457,084	$	-25,567,698	$	-78,053,797	$	2,449,898	$	-75,603,899	$	-163,829,555	$	4,663,218	$	-159,166,337
	Net increase in cash and cash equivalents	$	20,172,157	$	-	$	20,172,157	$	132,644,369	$	-	$	132,644,369	$	41,135,452	$	-	$	41,135,452
	The following table sets forth the effects of the Restatement on the affected line items within the Trust’s previously reported consolidated statements of cash flows for the three months ended March 31, 2012, the six months ended June 30, 2012 and the nine months ended September 30, 2012.
		Three Months Ended March 31, 2012						Six Months Ended June 30, 2012						Nine Months Ended September 30, 2012
		As Previously						As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	3,320,812	$	-203,743	$	3,117,069	$	7,253,712	$	-1,054,879	$	6,198,833	$	12,303,761	$	-1,815,042	$	10,488,719
	Net cash provided by operating activities	$	1,413,846	$	-203,743	$	1,210,103	$	3,061,341	$	-1,054,879	$	2,006,462	$	6,736,131	$	-1,815,042	$	4,921,089
	Investing Activities
	Investments in loan participation interests - related party	$	-1,047,818	$	-20,609	$	-1,068,427	$	-3,786,047	$	-8,849	$	-3,794,896	$	-8,671,930	$	39,062	$	-8,632,868
	Investments in notes receivable	$	-26,134,901	$	249,260	$	-25,885,641	$	-68,032,325	$	1,113,544	$	-66,918,781	$	-115,384,265	$	1,780,704	$	-113,603,561
	Investments in notes receivable - related party	$	-1,702,169	$	-24,908	$	-1,727,077	$	-5,394,399	$	-49,816	$	-5,444,215	$	-9,753,066	$	-4,724	$	-9,757,790
	Net cash used in investing activities	$	-21,528,407	$	203,743	$	-21,324,664	$	-55,323,844	$	1,054,879	$	-54,268,965	$	-99,354,847	$	1,815,042	$	-97,539,805
	Net increase in cash and cash equivalents	$	1,288,973	$	-	$	1,288,973	$	9,267,612	$	-	$	9,267,612	$	18,082,854	$	-	$	18,082,854
Schedule of Quarterly Financial Information [Table Text Block]	'
	Selected quarterly financial data (unaudited) for the years ended December 31, 2013 and 2012 is set forth below:
		Total Interest		Net Interest		Net Income		Net Income Per
		Income		Income After				Share
				Provision For
				Loan Losses
	2013
	First quarter (as restated)	$	10,280,000	$	9,390,000	$	6,841,000	$	0.36
	Second quarter (as restated)	$	11,452,000	$	10,605,000	$	6,135,000	$	0.23
	Third quarter (as restated)	$	13,497,000	$	12,852,000	$	7,680,000	$	0.24
	Fourth quarter	$	15,534,000	$	14,810,000	$	8,685,000	$	0.27
	2012
	First quarter (as restated)	$	5,064,000	$	4,441,000	$	3,117,000	$	0.39
	Second quarter (as restated)	$	5,914,000	$	5,296,000	$	3,082,000	$	0.3
	Third quarter (as restated)	$	7,256,000	$	6,598,000	$	4,290,000	$	0.33
	Fourth quarter (as restated)	$	8,763,000	$	7,986,000	$	3,408,000	$	0.21

Nature_of_Business_Details_Tex

Nature of Business (Details Textual)	12 Months Ended
	Dec. 31, 2013
UDF IV OP [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	100.00%
UMTH LD [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	0.00%
UDF IV HF [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FI [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FII [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV AC [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FIII [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin IV [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin V [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin VI [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin VII [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin VIII [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV LB I [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV LB II [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV Woodcreek [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV LBIII [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Significant Accounting Policies [Line Items]	'	'
Loan Participation Interests, Terms and Manner of Settlement	'The participations have terms ranging from 12 to 31 months and bear interest at rates ranging from 12%to 15%.	'
Notes Receivable (Including Related Party), Terms and Manner of Settlement	'The notes have terms ranging from 3 to 48 months and bear interest at rates ranging from 11% to 15%.	'
Unamortized Commitment Fees Included In Notes Receivable	$2,500,000	$970,000
Unamortized Commitment Fees Included In Notes Receivable Related Party	$164,000	$263,000
Acquisition and Origination Fee Payable, Percentage	3.00%	'
Option Fee Percentage	13.00%	'

Restatement_Details

Restatement (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Assets	'	'	'	'	'	'	'	'	'	'	'
Loan participation interest - related parties, net	$32,909,958	$30,659,770	$26,771,585	$26,890,430	$29,393,316	$29,403,165	$27,488,459	$22,934,597	$22,756,800	$5,791,644	$1,340,541
Notes receivable, net	444,720,197	386,554,571	317,326,236	266,764,185	239,972,601	191,285,443	152,810,919	126,931,347	105,907,543	52,323,943	'
Notes receivable - related parties, net	30,854,000	31,242,207	27,777,449	28,649,516	27,786,215	18,469,006	15,880,769	13,609,133	13,689,146	5,477,544	'
Total assets	570,862,217	539,428,548	547,006,728	384,586,174	336,479,067	282,637,595	229,002,223	186,980,813	162,393,652	77,545,729	8,268,540
Liabilities and Shareholders' Equity	'	'	'	'	'	'	'	'	'	'	'
Accumulated deficit	-27,395,968	23,037,559	17,754,622	12,530,620	-11,455,079	7,212,270	6,209,026	4,674,232	-4,568,124	-2,158,005	-65,545
Total liabilities and shareholders' equity	570,862,217	539,428,548	547,006,728	384,586,174	336,479,067	282,637,595	229,002,223	186,980,813	162,393,652	77,545,729	8,268,540
Scenario, Previously Reported [Member]	'	'	'	'	'	'	'	'	'	'	'
Assets	'	'	'	'	'	'	'	'	'	'	'
Loan participation interest - related parties, net	'	31,198,286	27,331,908	27,435,958	29,743,602	29,721,855	27,759,238	23,193,616	23,036,428	6,190,133	1,380,757
Notes receivable, net	'	397,649,546	326,121,997	273,547,740	246,450,255	196,229,283	157,087,599	130,343,743	109,070,679	53,800,754	'
Notes receivable - related parties, net	'	32,664,041	29,263,370	30,169,624	29,350,382	19,083,599	16,450,270	14,203,542	14,308,463	5,627,299	'
Total assets	'	552,483,873	557,848,733	393,435,365	344,871,174	288,514,718	234,119,183	191,246,637	166,455,733	79,570,784	8,308,756
Liabilities and Shareholders' Equity	'	'	'	'	'	'	'	'	'	'	'
Accumulated deficit	'	9,982,234	6,912,617	3,681,429	-3,062,972	1,335,147	1,092,066	408,408	-506,043	-132,950	-25,329
Total liabilities and shareholders' equity	'	552,483,873	557,848,733	393,435,365	344,871,174	288,514,718	234,119,183	191,246,637	166,455,733	79,570,784	8,308,756
Restatement Adjustment [Member]	'	'	'	'	'	'	'	'	'	'	'
Assets	'	'	'	'	'	'	'	'	'	'	'
Loan participation interest - related parties, net	'	-538,516	-560,323	-545,528	-350,286	-318,690	-270,779	-259,019	-279,628	-398,489	-40,216
Notes receivable, net	'	-11,094,975	-8,795,761	-6,783,555	-6,477,654	-4,943,840	-4,276,680	-3,412,396	-3,163,136	-1,476,811	'
Notes receivable - related parties, net	'	-1,421,834	-1,485,921	-1,520,108	-1,564,167	-614,593	-569,501	-594,409	-619,317	-149,755	'
Total assets	'	-13,055,325	-10,842,005	-8,849,191	-8,392,107	-5,877,123	-5,116,960	-4,265,824	-4,062,081	-2,025,055	-40,216
Liabilities and Shareholders' Equity	'	'	'	'	'	'	'	'	'	'	'
Accumulated deficit	'	13,055,325	10,842,005	8,849,191	-8,392,107	5,877,123	5,116,960	4,265,824	-4,062,081	-2,025,055	-40,216
Total liabilities and shareholders' equity	'	($13,055,325)	($10,842,005)	($8,849,191)	($8,392,107)	($5,877,123)	($5,116,960)	($4,265,824)	($4,062,081)	($2,025,055)	($40,216)

Restatement_Details_1

Restatement (Details 1) (USD $)	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Jun. 30, 2013	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
General and administrative - related parties	'	$2,820,065	$2,532,685	$920,013	'	$1,090,321	$1,138,152	$465,103	'	'	'	'	$9,958,988	$5,586,931	$2,773,922	$2,330,153	$40,216
Total noninterest expense	'	5,814,420	4,773,099	2,823,409	'	2,463,319	2,331,326	1,415,034	'	'	'	'	20,714,981	11,015,272	5,211,890	3,099,027	66,175
Net income	8,685,000	7,680,313	6,134,695	6,841,372	3,408,000	4,289,887	3,081,763	3,117,069	12,976,067	6,198,833	20,656,380	10,488,719	29,341,219	13,896,243	5,842,662	241,098	-61,928
Net income per weighted average share outstanding (in dollars per share)	$0.27	$0.24	$0.23	$0.36	$0.21	$0.33	$0.30	$0.39	'	'	'	'	$1.08	$1.17	$1.23	$0.18	($4.66)
Scenario, Previously Reported [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
General and administrative - related parties	'	606,745	539,871	462,929	'	330,158	287,016	261,360	'	'	'	'	'	1,256,905	736,896	345,314	0
Total noninterest expense	'	3,601,100	2,780,285	2,366,325	'	1,703,156	1,480,190	1,211,291	'	'	'	'	'	6,685,246	3,174,864	1,114,188	25,959
Net income	'	9,893,633	8,127,509	7,298,456	'	5,050,050	3,932,899	3,320,812	15,425,965	7,253,712	25,319,598	12,303,761	'	18,226,269	7,879,688	2,225,937	-21,712
Net income per weighted average share outstanding (in dollars per share)	'	$0.31	$0.31	$0.39	'	$0.39	$0.38	$0.41	'	'	'	'	'	$1.53	$1.66	$1.67	($1.63)
Restatement Adjustment [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
General and administrative - related parties	'	2,213,320	1,992,814	457,084	'	760,163	851,136	203,743	'	'	'	'	'	4,330,026	2,037,026	1,984,839	40,216
Total noninterest expense	'	2,213,320	1,992,814	457,084	'	760,163	851,136	203,743	'	'	'	'	'	4,330,026	2,037,026	1,984,839	40,216
Net income	'	($2,213,320)	($1,992,814)	($457,084)	'	($760,163)	($851,136)	($203,743)	($2,449,898)	($1,054,879)	($4,663,218)	($1,815,042)	'	($4,330,026)	($2,037,026)	($1,984,839)	($40,216)
Net income per weighted average share outstanding (in dollars per share)	'	($0.07)	($0.08)	($0.03)	'	($0.06)	($0.08)	($0.02)	'	'	'	'	'	($0.36)	($0.43)	($1.49)	($3.03)

Restatement_Details_2

Restatement (Details 2) (USD $)

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Jun. 30, 2013

Jun. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Balance

'

'

'

$294,300,752

'

'

'

$124,243,548

$294,300,752

$124,243,548

$294,300,752

$124,243,548

$294,300,752

$124,243,548

$44,569,184

$2,043,756

$200,379

Net income/(loss)

8,685,000

7,680,313

6,134,695

6,841,372

3,408,000

4,289,887

3,081,763

3,117,069

12,976,067

6,198,833

20,656,380

10,488,719

29,341,219

13,896,243

5,842,662

241,098

-61,928

Balance

531,109,559

'

'

'

294,300,752

'

'

'

'

'

'

'

531,109,559

294,300,752

124,243,548

44,569,184

2,043,756

Scenario, Previously Reported [Member]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance

'

'

'

302,692,859

'

'

'

128,305,629

302,692,859

128,305,629

302,692,859

128,305,629

302,692,859

128,305,629

46,594,239

2,083,972

200,379

Net income/(loss)

'

9,893,633

8,127,509

7,298,456

'

5,050,050

3,932,899

3,320,812

15,425,965

7,253,712

25,319,598

12,303,761

'

18,226,269

7,879,688

2,225,937

-21,712

Balance

'

'

'

'

302,692,859

'

'

'

'

'

'

'

'

302,692,859

128,305,629

46,594,239

2,083,972

Restatement Adjustment [Member]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance

'

'

'

-8,392,107

'

'

'

-4,062,081

-8,392,107

-4,062,081

-8,392,107

-4,062,081

-8,392,107

-4,062,081

-2,025,055

-40,216

0

Net income/(loss)

'

-2,213,320

-1,992,814

-457,084

'

-760,163

-851,136

-203,743

-2,449,898

-1,054,879

-4,663,218

-1,815,042

'

-4,330,026

-2,037,026

-1,984,839

-40,216

Balance

'

'

'

'

-8,392,107

'

'

'

'

'

'

'

'

-8,392,107

-4,062,081

-2,025,055

-40,216

Retained Earnings [Member]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance

'

'

'

-11,455,079

'

'

'

-4,568,124

-11,455,079

-4,568,124

-11,455,079

-4,568,124

-11,455,079

-4,568,124

-2,158,005

-65,545

379

Net income/(loss)

'

'

'

'

'

'

'

'

'

'

'

'

29,341,219

13,896,243

5,842,662

241,098

-61,928

Balance

-27,395,968

'

'

'

-11,455,079

'

'

'

'

'

'

'

-27,395,968

-11,455,079

-4,568,124

-2,158,005

-65,545

Retained Earnings [Member] | Scenario, Previously Reported [Member]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance

'

'

'

'

'

'

'

-506,043

'

-506,043

'

-506,043

'

-506,043

-132,950

-25,329

379

Net income/(loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

18,226,269

7,879,688

2,225,937

-21,712

Balance

'

'

'

'

-3,062,972

'

'

'

'

'

'

'

'

-3,062,972

-506,043

-132,950

-25,329

Retained Earnings [Member] | Restatement Adjustment [Member]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance

'

'

'

'

'

'

'

-4,062,081

'

-4,062,081

'

-4,062,081

'

-4,062,081

-2,025,055

-40,216

0

Net income/(loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

-4,330,026

-2,037,026

-1,984,839

-40,216

Balance

'

'

'

'

($8,392,107)

'

'

'

'

'

'

'

'

($8,392,107)

($4,062,081)

($2,025,055)

($40,216)

Restatement_Details_3

Restatement (Details 3) (USD $)	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Jun. 30, 2013	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Operating Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Net income (loss)	$8,685,000	$7,680,313	$6,134,695	$6,841,372	$3,408,000	$4,289,887	$3,081,763	$3,117,069	$12,976,067	$6,198,833	$20,656,380	$10,488,719	$29,341,219	$13,896,243	$5,842,662	$241,098	($61,928)
Net cash provided by operating activities	'	'	'	3,234,010	'	'	'	1,210,103	5,443,191	2,006,462	13,448,317	4,921,089	24,511,779	9,765,130	4,525,234	-2,787,055	-248,235
Investing Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Investments in loan participation interests - related party	'	'	'	-1,224,504	'	'	'	-1,068,427	-6,968,691	-3,794,896	-13,248,659	-8,632,868	-16,075,092	-10,885,724	-30,440,151	-18,930,924	-1,340,541
Investments in notes receivable	'	'	'	-35,722,916	'	'	'	-25,885,641	-116,162,502	-66,918,781	-213,648,400	-113,603,561	-316,406,945	-169,255,365	-81,967,098	-58,871,687	'
Investments in notes receivable - related party	'	'	'	-5,200,346	'	'	'	-1,727,077	-7,972,364	-5,444,215	-11,605,997	-9,757,790	-15,734,069	-20,196,910	-16,497,104	-7,245,822	'
Net cash used in investing activities	'	'	'	-25,567,698	'	'	'	-21,324,664	-75,603,899	-54,268,965	-159,166,337	-97,539,805	-219,984,758	-155,829,543	-79,272,798	-62,368,203	-1,340,541
Net increase in cash and cash equivalents	'	'	'	20,172,157	'	'	'	1,288,973	132,644,369	9,267,612	41,135,452	18,082,854	10,339,333	17,193,902	3,488,455	2,023,190	496,682
Scenario, Previously Reported [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Operating Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Net income (loss)	'	9,893,633	8,127,509	7,298,456	'	5,050,050	3,932,899	3,320,812	15,425,965	7,253,712	25,319,598	12,303,761	'	18,226,269	7,879,688	2,225,937	-21,712
Net cash provided by operating activities	'	'	'	3,691,094	'	'	'	1,413,846	7,893,089	3,061,341	18,111,535	6,736,131	'	14,095,156	6,562,260	-802,216	-208,019
Investing Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Investments in loan participation interests - related party	'	'	'	-1,419,746	'	'	'	-1,047,818	-7,178,728	-3,786,047	-13,436,889	-8,671,930	'	-10,956,382	-30,321,290	-19,289,197	-1,380,757
Investments in notes receivable	'	'	'	-36,028,817	'	'	'	-26,134,901	-118,480,609	-68,032,325	-218,265,721	-115,384,265	'	-172,569,883	-83,653,423	-60,348,498	'
Investments in notes receivable - related party	'	'	'	-5,156,287	'	'	'	-1,702,169	-7,894,118	-5,394,399	-11,463,664	-9,753,066	'	-21,141,760	-16,966,666	-7,395,577	'
Net cash used in investing activities	'	'	'	-26,024,782	'	'	'	-21,528,407	-78,053,797	-55,323,844	-163,829,555	-99,354,847	'	-160,159,569	-81,309,824	-64,353,042	-1,380,757
Net increase in cash and cash equivalents	'	'	'	20,172,157	'	'	'	1,288,973	132,644,369	9,267,612	41,135,452	18,082,854	'	17,193,902	3,488,455	2,023,190	496,682
Restatement Adjustment [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Operating Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Net income (loss)	'	-2,213,320	-1,992,814	-457,084	'	-760,163	-851,136	-203,743	-2,449,898	-1,054,879	-4,663,218	-1,815,042	'	-4,330,026	-2,037,026	-1,984,839	-40,216
Net cash provided by operating activities	'	'	'	-457,084	'	'	'	-203,743	-2,449,898	-1,054,879	-4,663,218	-1,815,042	'	-4,330,026	-2,037,026	-1,984,839	-40,216
Investing Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Investments in loan participation interests - related party	'	'	'	195,242	'	'	'	-20,609	210,037	-8,849	188,230	39,062	'	70,658	-118,861	358,273	40,216
Investments in notes receivable	'	'	'	305,901	'	'	'	249,260	2,318,107	1,113,544	4,617,321	1,780,704	'	3,314,518	1,686,325	1,476,811	'
Investments in notes receivable - related party	'	'	'	-44,059	'	'	'	-24,908	-78,246	-49,816	-142,333	-4,724	'	944,850	469,562	149,755	'
Net cash used in investing activities	'	'	'	457,084	'	'	'	203,743	2,449,898	1,054,879	4,663,218	1,815,042	'	4,330,026	2,037,026	1,984,839	40,216
Net increase in cash and cash equivalents	'	'	'	$0	'	'	'	$0	$0	$0	$0	$0	'	$0	$0	$0	$0

Registration_Statement_Details

Registration Statement (Details Textual) (USD $)

1 Months Ended

19 Months Ended

36 Months Ended

1 Months Ended

Oct. 31, 2012

Nov. 30, 2009

Jun. 30, 2011

3-May-13

Nov. 29, 2012

Oct. 19, 2012

Jun. 30, 2014

Apr. 30, 2013

Oct. 31, 2012

Nov. 30, 2009

3-May-13

Apr. 19, 2013

Oct. 19, 2012

Nov. 12, 2009

Subsequent Event [Member]

Distribution Reinvestment Plan [Member]

Distribution Reinvestment Plan [Member]

Distribution Reinvestment Plan [Member]

Distribution Reinvestment Plan [Member]

Distribution Reinvestment Plan [Member]

Distribution Reinvestment Plan [Member]

Distribution Reinvestment Plan [Member]

Common Shares Of Beneficial Interest To Be Offered, Maximum Number

'

'

'

'

25,000,000

20,000,000

'

'

'

'

'

7,500,000

10,000,000

10,000,000

Common Shares Of Beneficial Interest To Be Offered, Price Per Share (in dollars per share)

$20

$20

$20

'

'

'

$20

$20

$20

$20

'

'

'

'

Common Shares Of Beneficial Interest Being Offered Reallocated

'

'

'

34,000,000

'

'

'

'

'

'

1,000,000

'

'

'

Loans_and_Allowance_for_Loan_L2

Loans and Allowance for Loan Losses (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Loan participation interest - related parties	$32,909,958	$30,659,770	$26,771,585	$26,890,430	$29,393,316	$29,403,165	$27,488,459	$22,934,597	$22,756,800	$5,791,644	$1,340,541
Notes receivable, net	444,720,197	386,554,571	317,326,236	266,764,185	239,972,601	191,285,443	152,810,919	126,931,347	105,907,543	52,323,943	'
Notes receivable - related parties	30,854,000	31,242,207	27,777,449	28,649,516	27,786,215	18,469,006	15,880,769	13,609,133	13,689,146	5,477,544	'
Total	$508,484,000	'	'	'	$297,152,000	'	'	'	'	'	'

Loans_and_Allowance_for_Loan_L3

Loans and Allowance for Loan Losses (Details 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Real Estate:	'	'
Construction, acquisition and land development	$514,993,000	$300,151,000
Allowance for loan losses	-3,828,000	-1,766,000
Unamortized commitment fees	-2,681,000	-1,233,000
Total	$508,484,000	$297,152,000

Loans_and_Allowance_for_Loan_L4

Loans and Allowance for Loan Losses (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	$514,993,000	$300,151,000
Notes and Loan Receivable Outstanding, Number	114	68
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	63,928,000	57,443,000
Notes and Loan Receivable Outstanding, Number	18	18
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	451,065,000	242,708,000
Notes and Loan Receivable Outstanding, Number	96	50
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Matured [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	160,000
Notes and Loan Receivable Outstanding, Number	0	1
Percentage Of Notes and Loan Receivable Outstanding	0.00%	'	[1]
Matured [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	0
Notes and Loan Receivable Outstanding, Number	0	0
Percentage Of Notes and Loan Receivable Outstanding	0.00%	0.00%
Matured [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	160,000
Notes and Loan Receivable Outstanding, Number	0	1
Percentage Of Notes and Loan Receivable Outstanding	0.00%	'	[1]
Maturity Date 2013 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	'	106,217,000
Notes and Loan Receivable Outstanding, Number	'	29
Percentage Of Notes and Loan Receivable Outstanding	'	35.00%
Maturity Date 2013 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	'	34,414,000
Notes and Loan Receivable Outstanding, Number	'	12
Percentage Of Notes and Loan Receivable Outstanding	'	60.00%
Maturity Date 2013 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	'	71,803,000
Notes and Loan Receivable Outstanding, Number	'	17
Percentage Of Notes and Loan Receivable Outstanding	'	30.00%
Maturity Date 2014 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	289,728,000	122,222,000
Notes and Loan Receivable Outstanding, Number	47	16
Percentage Of Notes and Loan Receivable Outstanding	56.00%	41.00%
Maturity Date 2014 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	34,129,000	4,000,000
Notes and Loan Receivable Outstanding, Number	12	2
Percentage Of Notes and Loan Receivable Outstanding	53.00%	7.00%
Maturity Date 2014 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	255,599,000	118,222,000
Notes and Loan Receivable Outstanding, Number	35	14
Percentage Of Notes and Loan Receivable Outstanding	57.00%	49.00%
Maturity Date 2015 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	89,994,000	65,543,000
Notes and Loan Receivable Outstanding, Number	24	21
Percentage Of Notes and Loan Receivable Outstanding	17.00%	22.00%
Maturity Date 2015 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	16,987,000	13,020,000
Notes and Loan Receivable Outstanding, Number	3	3
Percentage Of Notes and Loan Receivable Outstanding	27.00%	23.00%
Maturity Date 2015 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	73,007,000	52,523,000
Notes and Loan Receivable Outstanding, Number	21	18
Percentage Of Notes and Loan Receivable Outstanding	16.00%	21.00%
Maturity Date 2016 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	111,636,000	6,009,000
Notes and Loan Receivable Outstanding, Number	35	1
Percentage Of Notes and Loan Receivable Outstanding	22.00%	2.00%
Maturity Date 2016 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	12,812,000	6,009,000
Notes and Loan Receivable Outstanding, Number	3	1
Percentage Of Notes and Loan Receivable Outstanding	20.00%	10.00%
Maturity Date 2016 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	98,824,000	0
Notes and Loan Receivable Outstanding, Number	32	0
Percentage Of Notes and Loan Receivable Outstanding	22.00%	0.00%
Maturity Date 2017 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	23,635,000	'
Notes and Loan Receivable Outstanding, Number	8	'
Percentage Of Notes and Loan Receivable Outstanding	5.00%	'
Maturity Date 2017 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	'
Notes and Loan Receivable Outstanding, Number	0	'
Percentage Of Notes and Loan Receivable Outstanding	0.00%	'
Maturity Date 2017 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	$23,635,000	'
Notes and Loan Receivable Outstanding, Number	8	'
Percentage Of Notes and Loan Receivable Outstanding	5.00%	'
[1]	Less than 1%

Loans_and_Allowance_for_Loan_L5

Loans and Allowance for Loan Losses (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
	Number		Number
Financing Receivable, Allowance for Credit Losses [Line Items]	'		'
Matured Notes Receivable Outstanding, Amount	$0		$160,000
Matured Notes Receivable Outstanding, Number	0		1
Percentage Of Matured Notes Receivable Outstanding	0.00%		100.00%
Aggregate Unpaid Principal Balance, Matured Notes Receivable, Extended	0	[1]	'
Matured Notes Receivable, Period Increase (Decrease)	-160,000	[2],[3]	'
Matured Notes Receivable, Current Year	0	[4]	'
Maturity Date 2012 [Member]	'		'
Financing Receivable, Allowance for Credit Losses [Line Items]	'		'
Matured Notes Receivable Outstanding, Amount	0		160,000
Matured Notes Receivable Outstanding, Number	0		1
Percentage Of Matured Notes Receivable Outstanding	0.00%		100.00%
Aggregate Unpaid Principal Balance, Matured Notes Receivable, Extended	0	[1]	'
Matured Notes Receivable, Period Increase (Decrease)	-160,000	[2],[3]	'
Matured Notes Receivable, Current Year	$0	[4]	'
[1]	Amounts represent aggregate unpaid principal balance as of December 31, 2012 of matured loans as of December 31, 2012 that were extended but not paid in full during the twelve months ended December 31, 2013.
[2]	For loans matured as of December 31, 2012, net loan activity represents all activity on the loans during the twelve months ended December 31, 2013, including accrued interest, payment of fees and expenses, charge-offs and/or repayments.
[3]	The table does not reflect activity for loans that matured or were due to mature during the twelve months ended December 31, 2013, but were extended on or prior to December 31, 2013.
[4]	Amounts represent aggregate unpaid principal balance as of December 31, 2012 of loans that matured during the twelve months ended December 31, 2013 and remained matured as of December 31, 2013.

Loans_and_Allowance_for_Loan_L6

Loans and Allowance for Loan Losses (Details 4) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	$514,993,000	$300,151,000
Credit Quality Level 1 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	514,993,000	300,151,000
Credit Quality Level 2 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	0
Credit Quality Level 3 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	$0	$0

Loans_and_Allowance_for_Loan_L7

Loans and Allowance for Loan Losses (Details 5) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Balance, beginning of year	$1,766,000	$675,000
Provision for loan losses	2,062,000	1,091,000
Charge-offs	0	0
Balance, end of period	$3,828,000	$1,766,000

Loans_and_Allowance_for_Loan_L8

Loans and Allowance for Loan Losses (Details Textual) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Loans Originated And Purchased Number	139	84
Loans Repaid Fully By Respective Borrower, Number	25	16
Matured Loan, Unpaid Principal Balance	'	$160,000
Matured Loan, Number	'	1

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Special Distribution One [Member]	'
Class of Stock [Line Items]	'
Authorization Date	8-Sep-10	[1]
Record Date	15-Sep-10	[2]
Rate	$0.05	[3]
Pay Date	15-Oct-10	[4]
Special Distribution Two [Member]	'
Class of Stock [Line Items]	'
Authorization Date	8-Sep-10	[1]
Record Date	15-Dec-10	[2]
Rate	$0.15	[3]
Pay Date	1-Feb-11	[4]
Special Distribution Three [Member]	'
Class of Stock [Line Items]	'
Authorization Date	10-Mar-11	[1]
Record Date	30-Apr-11	[2]
Rate	$0.10	[3]
Pay Date	17-May-11	[4]
Special Distribution Four [Member]	'
Class of Stock [Line Items]	'
Authorization Date	27-Jun-11	[1]
Record Date	31-Aug-11	[2]
Rate	$0.05	[3]
Pay Date	13-Sep-11	[4]
Special Distribution Five [Member]	'
Class of Stock [Line Items]	'
Authorization Date	1-Mar-12	[1]
Record Date	30-Apr-12	[2]
Rate	$0.05	[3]
Pay Date	18-May-12	[4]
Special Distribution Six [Member]	'
Class of Stock [Line Items]	'
Authorization Date	15-Aug-12	[1]
Record Date	1-Oct-12	[2]
Rate	$0.05	[3]
Pay Date	19-Oct-12	[4]
Special Distribution Seven [Member]	'
Class of Stock [Line Items]	'
Authorization Date	10-Oct-12	[1]
Record Date	14-Dec-12	[2]
Rate	$0.05	[3]
Pay Date	15-Feb-13	[4]
Special Distribution Eight [Member]	'
Class of Stock [Line Items]	'
Authorization Date	6-Mar-13	[1]
Record Date	15-Apr-13	[2]
Rate	$0.05	[3]
Pay Date	17-May-13	[4]
[1]	Represents the date the distribution was authorized by our board of trustees.
[2]	All outstanding common shares of beneficial interest as of the record date receive the distribution.
[3]	Represents the distribution rate per common share of beneficial interest on the record date.
[4]	Represents the date the special distribution was paid or will be paid in cash and DRIP or Secondary DRIP shares.

Shareholders_Equity_Details_1

Shareholders' Equity (Details 1) (USD $)	12 Months Ended		67 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Class of Stock [Line Items]	'	'	'
Distributions	$44,585,000	$19,450,000	$74,000,000
December Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	16-Jan-13	'	'
Distributions	2,385,000	'	'
December Distributions One [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	15-Feb-13	'	'
Distributions	856,000	'	'
January Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	22-Feb-13	'	'
Distributions	2,494,000	'	'
February Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	22-Mar-13	'	'
Distributions	2,353,000	'	'
March Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	23-Apr-13	'	'
Distributions	2,772,000	'	'
April Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	17-May-13	'	'
Distributions	1,094,000	'	'
April Distributions One [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	23-May-13	'	'
Distributions	2,964,000	'	'
May Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	21-Jun-13	'	'
Distributions	3,800,000	'	'
June Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	23-Jul-13	'	'
Distributions	4,143,000	'	'
July Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	22-Aug-13	'	'
Distributions	4,381,000	'	'
August Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	21-Sep-13	'	'
Distributions	4,391,000	'	'
September Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	23-Oct-13	'	'
Distributions	4,260,000	'	'
October Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	21-Nov-13	'	'
Distributions	4,412,000	'	'
November Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	23-Dec-13	'	'
Distributions	$4,280,000	'	'

Shareholders_Equity_Details_2

Shareholders' Equity (Details 2) (USD $)	12 Months Ended				67 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2013
Class of Stock [Line Items]	'	'	'	'	'
Distributions paid in cash	$27,697,000	$12,476,000	'	'	'
Distributions reinvested	16,888,000	6,974,000	'	'	'
Total distributions	44,585,000	19,450,000	'	'	74,000,000
Source of distributions:	'	'	'	'	'
Cash from operations	24,512,000	9,765,000	4,525,000	0	'
Proceeds from the Offering	13,521,000	0	'	'	'
Borrowings under credit facilities	6,552,000	9,685,000	3,556,000	1,886,000	'
Total sources	$44,585,000	$19,450,000	$8,081,000	$1,886,000	'
Cash from operations, percentage	55.00%	50.00%	56.00%	0.00%	'
Proceeds from Offering, percentage	30.00%	0.00%	'	'	'
Borrowings under credit facilities, percentage	15.00%	50.00%	44.00%	100.00%	'
Total sources, percentage	100.00%	100.00%	100.00%	100.00%	'

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textual) (USD $)

1 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

19 Months Ended

67 Months Ended

36 Months Ended

12 Months Ended

Oct. 31, 2012

Nov. 30, 2009

Mar. 31, 2013

Mar. 31, 2012

Jun. 30, 2013

Jun. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Jun. 30, 2011

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Subsequent Event [Member]

Distribution Reinvestment Plan [Member]

Distribution Reinvestment Plan [Member]

Primary Offering [Member]

Primary Offering [Member]

Secondary Distribution Reinvestment Plan [Member]

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares of beneficial interest, shares issued

'

'

'

'

'

'

'

'

32,115,232

17,624,839

'

'

'

'

32,115,232

'

723,617

534,982

30,735,813

17,089,857

655,802

Proceeds From Issuance Of Common Stock Net Of Issuance Costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$535,000,000

$297,400,000

'

Treasury stock, shares

'

'

'

'

'

'

'

'

212,907

124,531

'

'

'

'

212,907

'

'

'

'

'

'

Treasury Stock, Value, Acquired, Cost Method

'

'

'

'

'

'

'

'

4,100,000

2,400,000

'

'

'

'

'

'

'

'

'

'

'

Taxable Income, Minimum Percentage To Be Distributed

'

'

'

'

'

'

'

'

'

90.00%

'

'

'

'

'

'

'

'

'

'

'

Distribution Made to Member or Limited Partner, Distributions Paid, Per Unit

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.00

'

$0.00

'

'

'

'

'

Distribution Made To Member Or Limited Partner Distributions Paid Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

8.00%

'

8.20%

'

'

'

'

'

Common Shares Of Beneficial Interest To Be Offered, Price Per Share (in dollars per share)

$20

$20

'

'

'

'

'

'

'

'

'

'

'

$20

'

$20

'

'

'

'

'

Distributions

'

'

'

'

'

'

'

'

44,585,000

19,450,000

'

'

'

'

74,000,000

'

'

'

'

'

'

Distributions paid in cash

'

'

'

'

'

'

'

'

27,697,000

12,476,000

'

'

'

'

'

'

'

'

'

'

'

Distributions reinvested

'

'

'

'

'

'

'

'

16,888,000

6,974,000

'

'

'

'

'

'

'

'

'

'

'

Net cash provided by operating activities

'

'

3,234,010

1,210,103

5,443,191

2,006,462

13,448,317

4,921,089

24,511,779

9,765,130

4,525,234

-2,787,055

-248,235

'

'

'

'

'

'

'

'

Distributions payable

'

'

'

'

'

'

'

'

2,653,450

1,956,226

'

'

'

'

2,653,450

'

'

'

'

'

'

Proceeds from Issuance or Sale of Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$14,500,000

$10,700,000

$614,700,000

$341,800,000

$13,100,000

Share_Redemption_Program_Detai

Share Redemption Program (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Share Redemption Program [Line Items]	'	'
Balance (in shares)	0	0
Redemption requests received (in shares)	88,376	96,016
Shares redeemed (in shares)	-88,376	-96,016
Balance (in shares)	0	0

Share_Redemption_Program_Detai1

Share Redemption Program (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013
Share Redemption Program [Line Items]	'
Share Redemption Program, Shares Held For Five Years, Purchase Price Description	'for any shares held at least five years, the lesser of the purchase price actually paid or the then-current fair market value of the shares as determined by the most recent annual valuation of our shares.
Shares Redeemed Upon Death Of Shareholder, Purchase Price Description	'the purchase price the shareholder actually paid for the shares or (2) $20.00 per share.
Shares Redeemed Upon Death Of Shareholder, Minimum Purchase Price	$20
Maximum Percentage Of Units Redeemable Upon Death Of Limited Partner	1.00%
Maximum Percentage Of Shares Redeemable	5.00%
Maximum Percentage Of Cash Available For Redemption	1.00%
Shares Held Less Than Two Years [Member]	'
Share Redemption Program [Line Items]	'
Share Redemption Program, Purchase Price, Percentage	92.00%
Shares Held For Two Years But Less Than Three Years [Member]	'
Share Redemption Program [Line Items]	'
Share Redemption Program, Purchase Price, Percentage	94.00%
Shares Held For Three Years But Less Than Four Years [Member]	'
Share Redemption Program [Line Items]	'
Share Redemption Program, Purchase Price, Percentage	96.00%
Shares Held For Four Years But Less Than Five Years [Member]	'
Share Redemption Program [Line Items]	'
Share Redemption Program, Purchase Price, Percentage	98.00%

Organizational_and_Offering_Co1

Organizational and Offering Compensation (Details Textual)	12 Months Ended
	Dec. 31, 2013
Organizational and Offering Compensation [Line Items]	'
Offering Compensation, Percentage	3.00%
Selling Commissions, Percentage	6.50%
Dealer Manager Fees, Percentage	3.50%

Operational_Compensation_Detai

Operational Compensation (Details Textual)	12 Months Ended
	Dec. 31, 2013
Operational Compensation [Line Items]	'
Advisory Fee On Average Of Invested Assets Percentage	2.00%
Line Of Credit Facility Debt Financing Fee Percentage	1.00%
Line Of Credit Facility Annual Renewal Of Debt Financing Fee Percentage	0.25%
Percentage Of Advisory Fee Based On Preceding Year Net Income	15.00%
Preceding Year Net Income, Minimum Percentage Applicable For Advisory Fee Calculation	10.00%

DispositionLiquidation_Compens1

Disposition/Liquidation Compensation (Details Textual)	12 Months Ended
	Dec. 31, 2013
Disposition Liquidation Compensation [Line Items]	'
Securitized Loan Pool Placement Fee Percentage	2.00%
Advisory Disposition Fee Determination Criteria	'the lesser of one-half of the reasonable and customary real estate or brokerage commission or 2% of the contract sales price of each property sold
Maximum Total Disposition Fees	6.00%
Listing Of Common Shares In National Securities Exchange [Member]	'
Disposition Liquidation Compensation [Line Items]	'
Listing Of Common Shares In National Securities Exchange Fee Percentage	15.00%
Basic Percentage Of Annual Cumulative Return For Determination Of Advisory Fee	10.00%

Real_Estate_Owned_Details

Real Estate Owned (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Real Estate Owned [Line Items]	'	'
Real estate owned, beginning of period	$0	$0
Purchases of lots	9,017,000	0
Sales of lots	-780,000	0
Real estate owned, end of period	$8,236,953	$0

Notes_Payable_and_Lines_of_Cre2

Notes Payable and Lines of Credit (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	$30,519,000	$33,784,000
CTB Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	14,556,000	8,000,000
UTB Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	3,801,000
Veritex Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	5,036,000
Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	5,096,000
UDF IV HF CTB LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	10,000,000	6,000,000
F&M Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	5,709,000
Legacy Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	142,000
Affiliated Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	0
UDF IV Fin VII Legacy LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	0
UDF IV Fin VI CTB LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	5,963,000	0
Independent Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	$0	$0

Notes_Payable_and_Lines_of_Cre3

Notes Payable and Lines of Credit (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	$1,044,293	$1,584,732	$1,731,058
CTB Revolver [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	210,000	320,000	241,000
UTB Revolver [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	176,000	220,000	177,000
Veritex Revolver [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	138,000	52,000	0
Credit Facility [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	165,000	499,000	922,000
UDF IV HF CTB LOC [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	161,000	167,000	139,000
F&M Loan [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	153,000	294,000	242,000
Legacy Revolver [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	4,000	33,000	10,000
Affiliated Bank Loan [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	0	0	0
UDF IV Fin VII Legacy LOC [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	0	0	0
UDF IV Fin VI CTB LOC [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	37,000	0	0
Independent Bank Loan [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Interest Expense, Total	$0	$0	$0

Notes_Payable_and_Lines_of_Cre4

Notes Payable and Lines of Credit Credit Facility (Details Textual) (Credit Facility [Member], USD $)	Aug. 10, 2010	Feb. 05, 2010
In Millions, unless otherwise specified
Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	$20	$8

Notes_Payable_and_Lines_of_Cre5

Notes Payable and Lines of Credit UDF IV HF CTB LOC (Details Textual) (UDF IV HF CTB LOC [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Jul. 31, 2013	19-May-10
UDF IV HF CTB LOC [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$10,000,000	$6,000,000
Line of Credit Facility, Interest Rate Description	'interest rate was modified to prime plus 1%, subject to a floor of 4.25% (4.25% at December 31, 2013)	'	'
Line of Credit Facility, Expiration Date	30-Jul-15	'	'
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'	'
Line Of Credit Facility Additional Origination Fee	$90,000	'	'

Notes_Payable_and_Lines_of_Cre6

Notes Payable and Lines of Credit CTB Revolver (Details Textual) (CTB Revolver [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Apr. 11, 2013	Aug. 19, 2010
CTB Revolver [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$15,000,000	$8,000,000
Line of Credit Facility, Interest Rate Description	'interest rate was modified to prime plus 1%, subject to a floor of 4.25% (4.25% at December 31, 2013).	'	'
Line of Credit Facility, Expiration Date	30-Jul-15	'	'
Line Of Credit Facility Origination Fee	$150,000	'	'
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'	'

Notes_Payable_and_Lines_of_Cre7

Notes Payable and Lines of Credit UTB Revolver (Details Textual) (UTB Revolver [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Aug. 18, 2011	Sep. 29, 2010
UTB Revolver [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$4,000,000	$3,400,000
Line of Credit Facility, Expiration Date	29-Sep-13	'	'
Line Of Credit Facility, Interest Rate Description	'The UTB Revolver bore interest at prime plus 1%, subject to a floor of 5.5% (5.5% at December 31, 2013),	'	'
Line Of Credit Facility Origination Fee	$78,000	'	'

Notes_Payable_and_Lines_of_Cre8

Notes Payable and Lines of Credit F and M Loan (Details Textual) (F&M Loan [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 04, 2012	Sep. 01, 2011	Dec. 14, 2010
F&M Loan [Member]	'	'	'	'
Line of Credit Facility [Line Items]	'	'	'	'
Line Of Credit Facility Borrowing Capacity	$15,000,000	$10,000,000	$7,500,000	$5,000,000
Line of Credit Facility, Expiration Date	14-Dec-14	'	'	'
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'	'	'
Line Of Credit Facility, Interest Rate Description	'The interest rate on the F&M Loan is equal to the greater of prime plus 1.5% or 5.0% per annum (5.0% at December 31, 2013).	'	'	'
Line Of Credit Facility Origination Fee And Renewal Fee	'	'	'	$188,000

Notes_Payable_and_Lines_of_Cre9

Notes Payable and Lines of Credit Legacy Revolver (Details Textual) (Legacy Revolver [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Nov. 01, 2011
Legacy Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5,000,000
Line of Credit Facility, Expiration Date	12-Jan-15	'
Line Of Credit Facility, Interest Rate Description	'the interest rate on the Legacy Revolver is equal to the greater of prime plus 1% or 5.5% per annum (5.5% at December 31, 2013), provided that the interest rate associated with advances related to development loans is 5.875% until substantial completion of the development project.	'
Line Of Credit Facility Origination Fee	$100,000	'

Recovered_Sheet1

Notes Payable and Lines of Credit Veritex Revolver (Details Textual) (Veritex Revolver [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Jul. 31, 2012
Veritex Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5,300,000
Line of Credit Facility, Expiration Date	31-Jul-15	'
Line Of Credit Facility, Interest Rate Description	'Veritex Revolver was modified to prime plus 1%, subject to a floor of 4.5% (4.5% at December 31, 2013).	'
Line Of Credit Facility Origination Fee	'	$53,000

Recovered_Sheet2

Notes Payable and Lines of Credit Affiliated Bank Loan (Details Textual) (Affiliated Bank Loan [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Jul. 23, 2013
Affiliated Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5,500,000
Line of Credit Facility, Interest Rate Description	'Affiliated Bank Loan is equal to the greater of prime plus 1% or 5% per annum (5% at December 31, 2013).	'
Line Of Credit Facility, Expiration Date	23-Jul-15	'
Line Of Credit Facility Origination Fee	$55,000	'

Recovered_Sheet3

Notes Payable and Lines of Credit UDF IV Fin VII Legacy LOC (Details Textual) (UDF IV Fin VII Legacy LOC [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Aug. 05, 2013
UDF IV Fin VII Legacy LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$10,000,000
Line of Credit Facility, Interest Rate Description	'The interest rate under the UDF IV Fin VII Legacy LOC is equal to the greater of prime plus 1% or 5% per annum (5% at December 31, 2013).	'
Line Of Credit Facility, Expiration Date	5-Aug-15	'
Line Of Credit Facility Origination Fee	'	$100,000

Recovered_Sheet4

Notes Payable and Lines of Credit UDF IV Fin VI CTB LOC (Details Textual) (UDF IV Fin VI CTB LOC [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Aug. 19, 2013
UDF IV Fin VI CTB LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$25,000,000
Line of Credit Facility, Interest Rate Description	'The interest rate under the UDF IV Fin VI CTB LOC is equal to the greater of prime plus 1% or 4.25% per annum (4.25% at December 31, 2013).	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%	'
Line Of Credit Facility Unused Portion	25,000,000	'
Line Of Credit Facility, Expiration Date	19-Aug-15	'
Line Of Credit Facility Origination Fee	'	$187,500
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'

Recovered_Sheet5

Notes Payable and Lines of Credit Independent Bank Loan (Details Textual) (Independent Bank Loan [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 06, 2013
Independent Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$15,000,000
Line Of Credit Facility, Interest Rate Description	'The interest rate under the Independent Bank Loan is equal to the greater of prime plus 0.875% or 4.125% per annum (4.125% at December 31, 2013).	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.50%	'
Line Of Credit Facility Unused Portion	15,000,000	'
Line Of Credit Facility, Expiration Date	6-Dec-15	'
Line Of Credit Facility Origination Fee	'	$75,000

Commitments_and_Contingencies_

Commitments and Contingencies (Details Textual) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Jun. 26, 2009

Dec. 31, 2013

Dec. 31, 2011

Dec. 31, 2013

Jul. 22, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

UMTH LD [Member]

UMTH LD [Member]

UMTH LD [Member]

UDF LOF [Member]

Babson Mezzanine Real Estate Partners [Member]

United Residential Home Finance LP [Member]

United Residential Home Finance LP [Member]

Stoneleigh Construction Loan Guaranty [Member]

Stoneleigh Construction Loan Guaranty [Member]

Maple Wolf Stoneleigh, Llc [Member]

Community Trust Bank [Member]

Community Trust Bank [Member]

Community Trust Bank [Member]

UDF LOF [Member]

Loss Contingencies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility Guaranty Amount

'

'

'

'

$6,300,000

'

$25,000,000

'

$15,000,000

'

'

'

Line Of Credit Facility Guaranty Outstanding

'

'

5,100,000

6,200,000

'

'

'

'

'

7,600,000

9,700,000

'

Percentage Interest of Related Party Owned By Affiliated Entity

'

'

'

'

'

'

'

100.00%

'

'

'

75.00%

Percentage Interest of Related Party Owned By Asset Manager

'

'

'

'

'

100.00%

'

'

'

'

'

'

Guaranty Facility, Credit Enhancement Fee Receivable, Percentage

'

'

'

'

'

'

'

'

'

1.00%

'

'

Guarantees Outstanding, Number

9

7

'

'

'

'

'

'

'

'

'

'

Guarantee Obligations Credit Risk

65,700,000

51,900,000

'

'

'

'

'

'

'

'

'

'

Guarantees Outstanding, Borrowed Value

18,700,000

27,500,000

'

'

'

'

'

'

'

'

'

'

Commitment Fee Income Related Party

'

'

'

'

'

'

'

'

'

90,000

21,000

'

Line Of Credit Facility, Credit Enhancement Fee, Percentage

'

'

'

'

'

'

'

1.00%

'

'

'

'

Accounts Receivable, Related Parties

$2,607,292

$1,980,274

'

'

'

'

'

'

'

$15,000

$14,000

'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	$723,923	$568,700	$407,665
Credit Facility [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	13,000	20,000	48,000
UDF IV HF CTB LOC [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	52,000	27,000	20,000
CTB Revolver [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	111,000	45,000	31,000
UTB Revolver [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	8,000	13,000	31,000
F&M Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	33,000	60,000	33,000
Legacy Revolver [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	4,000	50,000	8,000
Veritex Revolver [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	21,000	6,000	0
Affiliated Bank Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	11,000	0	0
UDF IV Fin VII Legacy LOC [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	21,000	0	0
UDF IV Fin VI CTB LOC [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	52,000	0	0
Independent Bank [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Amortization of Other Deferred Charges	$6,000	$0	$0

Related_Party_Transactions_Det1

Related Party Transactions (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'
General and Administrative Expense Related Party	$123,000	$177,000	$154,000
UDF IV HF CTB LOC [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
General and Administrative Expense Related Party	45,000	60,000	60,000
CTB Revolver [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
General and Administrative Expense Related Party	45,000	59,000	43,000
F&M Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
General and Administrative Expense Related Party	28,000	58,000	51,000
UDF IV Fin VI CTB LOC [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
General and Administrative Expense Related Party	$5,000	$0	$0

Related_Party_Transactions_Det2

Related Party Transactions (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	$24,432,000	$15,220,000
Related Party Transaction Payment Percentage	100.00%	100.00%
UMTH GS [Member] | O&O Reimbursement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	8,167,000	5,878,000
Related Party Transaction Payment Percentage	33.00%	38.00%
UMTH GS [Member] | Advisory Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	7,819,000	3,924,000
Related Party Transaction Payment Percentage	32.00%	26.00%
UMTH GS [Member] | Debt Financing Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	361,000	148,000
Related Party Transaction Payment Percentage	1.00%	1.00%
UMTH LD [Member] | Acquisition and Origination Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	7,953,000	5,155,000
Related Party Transaction Payment Percentage	33.00%	34.00%
UDF III [Member] | Credit Enhancement Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	$132,000	$115,000
Related Party Transaction Payment Percentage	1.00%	1.00%

Related_Party_Transactions_Det3

Related Party Transactions (Details 3) (USD $)	3 Months Ended						12 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Advisory Fees	'	'	'	'	'	'	$8,162,057	$4,187,205	$1,936,690	'	'
Total Advisory fee - related party	'	'	'	'	'	'	8,162,057	4,187,205	1,936,690	'	'
Total General and Administrative - related parties	2,820,065	2,532,685	920,013	1,090,321	1,138,152	465,103	9,958,988	5,586,931	2,773,922	2,330,153	40,216
Advisory Fees, Percentage	'	'	'	'	'	'	100.00%	100.00%	100.00%	'	'
Total Advisory fee - related party, Percentage	'	'	'	'	'	'	100.00%	100.00%	100.00%	'	'
Total General and Administrative - related parties, Percentage	'	'	'	'	'	'	100.00%	100.00%	100.00%	100.00%	100.00%
Amortization Of Debt Financing Fees [Member]	'	'	'	'	'	'	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Total General and Administrative - related parties	'	'	'	'	'	'	332,000	222,000	171,000	156,000	0
Total General and Administrative - related parties, Percentage	'	'	'	'	'	'	3.00%	4.00%	6.00%	6.00%	0.00%
Acquisition and Origination Fees [Member]	'	'	'	'	'	'	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Total General and Administrative - related parties	'	'	'	'	'	'	9,504,000	5,188,000	2,449,000	2,109,000	40,000
Total General and Administrative - related parties, Percentage	'	'	'	'	'	'	95.00%	93.00%	88.00%	91.00%	100.00%
Credit Enhancement Fees [Member]	'	'	'	'	'	'	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Total General and Administrative - related parties	'	'	'	'	'	'	$123,000	$177,000	$154,000	$65,000	$0
Total General and Administrative - related parties, Percentage	'	'	'	'	'	'	2.00%	3.00%	6.00%	3.00%	0.00%

Related_Party_Transactions_Det4

Related Party Transactions (Details 4) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	$32,910,000	$29,393,000
Buffington Participation Agreements [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	2,826,000	7,203,000
Buffington Lot Participation Agreements [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	279,000	499,000
TR Finished Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	3,346,000	3,560,000
TR Paper Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	12,617,000	10,620,000
Carrollton Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	0	817,000
165 Howe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	0	1,289,000
Pine Trace Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	6,646,000	5,193,000
Northpointe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	1,585,000	212,000
Northpointe II Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	3,000,000	0
UMTHF Megatel Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	0	0
URHF Buckingham Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	1,425,000	0
URHF Bratton Hill Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	$1,186,000	$0

Related_Party_Transactions_Det5

Related Party Transactions (Details 5) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	$2,607,292	$1,980,274
Buffington Participation Agreements [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	47,000	0
Buffington Lot Participation Agreements [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	16,000	20,000
TR Finished Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	66,000	175,000
TR Paper Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	197,000	401,000
Carrollton Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	0	4,000
165 Howe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	0	21,000
Pine Trace Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	562,000	134,000
Northpointe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	0	0
Northpointe II Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	0	0
UMTHF Megatel Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	0	0
URHF Buckingham Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	91,000	0
URHF Bratton Hill Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	$64,000	$0

Related_Party_Transactions_Det6

Related Party Transactions (Details 6) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	$7,766,463	$5,666,896	$3,409,831
Buffington Participation Agreements [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	412,000	877,000	415,000
Buffington Lot Participation Agreements [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	57,000	62,000	32,000
TR Finished Lot Participation [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	534,000	455,000	337,000
TR Paper Lot Participation [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	1,696,000	1,442,000	888,000
Carrollton Participation Agreement [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	28,000	175,000	139,000
165 Howe Participation Agreement [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	83,000	159,000	76,000
Pine Trace Participation Agreement [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	729,000	388,000	0
Northpointe Participation Agreement [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	142,000	51,000	0
Northpointe II Participation Agreement [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	252,000	0	0
UMTHF Megatel Participation [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	0	0	0
URHF Buckingham Participation [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	7,000	0	0
URHF Bratton Hill Participation [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest income - related parties	$6,000	$0	$0

Related_Party_Transactions_Det7

Related Party Transactions (Details 7) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	$31,018,000	$28,049,000
HLL Indian Springs Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	0	1,460,000
Buffington Classic CL [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	0	399,000
HLL II Highland Farms Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	1,572,000	1,478,000
HLL Hidden Meadows Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	10,643,000	9,017,000
Ash Creek Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	1,756,000	2,500,000
UDF TX Two Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	502,000	3,183,000
UDF PM Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	3,822,000	892,000
HLL IS Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	2,522,000	3,111,000
One KR Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	$10,201,000	$6,009,000

Related_Party_Transactions_Det8

Related Party Transactions (Details 8) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	$2,607,292	$1,980,274
HLL Indian Springs Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	0	2,000
Buffington Classic CL [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	0	4,000
HLL II Highland Farms Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	0	0
HLL Hidden Meadows Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	1,028,000	853,000
Ash Creek Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	22,000	60,000
UDF TX Two Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	16,000	81,000
UDF PM Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	83,000	11,000
HLL IS Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	12,000	35,000
One KR Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	$0	$13,000

Related_Party_Transactions_Det9

Related Party Transactions (Details 9) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	$7,766,463	$5,666,896	$3,409,831
HLL Indian Springs Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	8,000	177,000	108,000
Buffington Classic CL [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	5,000	242,000	548,000
HLL II Highland Farms Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	182,000	174,000	193,000
HLL Hidden Meadows Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	1,298,000	1,032,000	634,000
Ash Creek Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	284,000	266,000	40,000
UDF TX Two Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	206,000	108,000	0
UDF PM Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	326,000	11,000	0
HLL IS Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	478,000	35,000	0
One KR Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Interest Income, Related Party	$1,033,000	$13,000	$0

Recovered_Sheet6

Related Party Transactions (Details 10) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'
Commitment Fee Income Related Parties	$190,171	$77,365	$40,689
HLL II Highland Farms Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Commitment Fee Income Related Parties	2,000	8,000	9,000
HLL Hidden Meadows Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Commitment Fee Income Related Parties	25,000	25,000	23,000
Ash Creek Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Commitment Fee Income Related Parties	0	8,000	7,000
HLL IS Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Commitment Fee Income Related Parties	21,000	4,000	0
One KR Loan [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Commitment Fee Income Related Parties	$51,000	$4,000	$0

Related_Party_Transactions_O_a

Related Party Transactions O and O Reimbursement (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$3,339,143	$6,229,710
Organization and Offering Costs [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	'	4,700,000
Noninterest Expense Offering Cost	$8,200,000	$5,900,000

Related_Party_Transactions_Adv

Related Party Transactions Advisory Fees (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'
Accrued liabilities - related parties	$3,339,143	$6,229,710	'
Advisory fee - related party	8,162,057	4,187,205	1,936,690
Average Of Invested Assets [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Advisory Fee Percentage	2.00%	'	'
Advisory Fees [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Accrued liabilities - related parties	842,000	499,000	'
Advisory fee - related party	$8,200,000	$4,200,000	$1,900,000

Related_Party_Transactions_Acq

Related Party Transactions Acquisition and Origination Fees (Details Textual) (USD $)	3 Months Ended						12 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
General and administrative - related parties	$2,820,065	$2,532,685	$920,013	$1,090,321	$1,138,152	$465,103	$9,958,988	$5,586,931	$2,773,922	$2,330,153	$40,216
Accrued liabilities - related parties	'	'	'	'	'	'	3,339,143	6,229,710	'	'	'
Net Amount Available For Investment In Secured Loans and Other Real Estate Assets [Member]	'	'	'	'	'	'	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Placement Fees Percentage	'	'	'	'	'	'	3.00%	'	'	'	'
Acquisition and Origination Fees [Member]	'	'	'	'	'	'	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
General and administrative - related parties	'	'	'	'	'	'	9,500,000	5,200,000	2,400,000	2,100,000	40,000
Acquisition and Origination Fees [Member] | UMTH LD [Member]	'	'	'	'	'	'	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Accrued liabilities - related parties	'	'	'	'	'	'	$2,400,000	$868,000	'	'	'

Related_Party_Transactions_Deb

Related Party Transactions Debt Financing Fees (Details Textual) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$3,339,143	$6,229,710
Debt Financing Fee [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$0	$44,000

Related_Party_Transactions_Cre

Related Party Transactions Credit Enhancement Fees (Details Textual) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$3,339,143	$6,229,710
Credit Enhancement Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$17,000	$11,000

Related_Party_Transactions_Loa

Related Party Transactions Loan Participation Interest Related Parties (Details Textual) (USD $)

12 Months Ended

12 Months Ended

In Millions, unless otherwise specified

Dec. 31, 2010

Dec. 31, 2011

Dec. 31, 2011

Dec. 31, 2009

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2010

Dec. 31, 2010

Dec. 31, 2010

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Buffington Lot Participation Agreement [Member]

Carrollton Participation Agreement [Member]

165 Howe Participation Agreement [Member]

Buffington Participation Agreements [Member]

Pine Trace Participation Agreement [Member]

Northpointe Participation Agreement [Member]

Buffington Signature Line Loan [Member]

Buffington Classic Line Loan [Member]

TR Finished Lot Participation [Member]

TR Paper Lot Participation [Member]

Northpointe II Participation Agreement [Member]

UMTHF Megatel Participation [Member]

URHF Buckingham Participation [Member]

URHF Bratton Hill Participation [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Interest of Related Party Owned By Affiliated Entity

100.00%

'

100.00%

100.00%

100.00%

'

'

'

100.00%

'

'

100.00%

100.00%

100.00%

Interest Rate Terms Description

'lower of 14% or the highest rate allowed by law.

'lower of 13% or the highest rate allowed by law.

'lower of 11.5% or the highest rate allowed by law.

'lower of 13% or the highest rate allowed by law.

'lower of 13% or the highest rate allowed by law.

'lower of 12% or the highest rate allowed by law.

'

'

'lower of 15% or the highest rate allowed by law.

'lower of 15% or the highest rate allowed by law.

'lower of 12% or the highest rate allowed by law.

'lower of 13% or the highest rate allowed by law.

'lower of 13% or the highest rate allowed by law.

'Loan is the lower of 13% or the highest rate allowed by law.

Note Receivable Related Party Loan Amount

'

$3.40

$2.90

'

'

'

$2.50

$2

'

'

'

$10

$4.90

$3

Related_Party_Transactions_Not

Related Party Transactions Notes Receivable Related - Parties (Details Textual) (USD $)

1 Months Ended

1 Months Ended

0 Months Ended

Oct. 26, 2011

Jul. 18, 2011

Jan. 18, 2010

Apr. 30, 2010

Oct. 31, 2011

Apr. 30, 2010

Apr. 30, 2010

Dec. 22, 2010

Feb. 17, 2011

Apr. 20, 2011

Oct. 26, 2011

Sep. 20, 2012

Oct. 17, 2012

Nov. 29, 2012

Dec. 14, 2012

HLL Indian Springs Loan [Member]

HLL Indian Springs Loan [Member]

Buffington Signature Construction Loan Agreements [Member]

Buffington Classic Construction Loan Agreements [Member]

Buffington Classic Construction Loan Agreements [Member]

Buffington Loan Agreements [Member]

HLL II Highland Farms Loan [Member]

HLL Hidden Meadows Loan [Member]

Ash Creek Loan [Member]

UMTHFII Loan [Member]

Udf Tx Two Loan [Member]

Udf Pm Loan [Member]

HLL IS Loan [Member]

One Kr Loan [Member]

acre

acre

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Interest of Related Party Owned By Affiliated Entity

'

'

'

'

'

'

'

'

'

'

100.00%

50.00%

'

'

'

Note Receivable - Related Party Loan Amount

'

'

$1,800,000

$1,000,000

$7,500,000

$6,500,000

'

$1,900,000

$9,900,000

$3,000,000

$5,000,000

$2,900,000

$5,100,000

$6,400,000

$15,300,000

Number Of Residential Lot Loans Secured By First Lien Deed

'

'71

'

'

'

'

'

'68

'91

'

'

'70

'

'

'

Related Party Notes And Loan Receivable Interest Rate Terms Description

'

'

'lower of 13% or the highest rate allowed by law.

'

'

'

'lower of 13% per annum, or the highest rate allowed by law.

'lower of 13% or the highest rate allowed by law.

'lower of 13% or the highest rate allowed by law.

'lower of 13% per annum, or the highest rate allowed by law.

'lower of 13% per annum, or the highest rate allowed by law.

'lower of 13% per annum, or the highest rate allowed by law.

'lower of 13% per annum, or the highest rate allowed by law.

'lower of 13% per annum, or the highest rate allowed by law.

'lower of 13% per annum, or the highest rate allowed by law.

Loan Origination Fee Receivable

'

18,000

'

'

'

'

'

19,000

99,000

15,000

'

'

'

64,000

153,000

Percentage Of Applicable Origination Fees Payable To Asset Manager

'

'

'

'

'

'

0.50%

'

'

'

'

'

'

'

'

Number Of Undeveloped Lot Loans Secured By First Lien Deed

'

'

'

'

'

'

'

'148

'190

'

'

'

'

'

'

Related Party Loans Interest Reserve

'

'

'

'

'

'

'

354,000

'

'

'

'

300,000

600,000

3,200,000

Number Of New Townhomes Financed

'

'

'

'

'

'

'

'

'

'19

'

'

'

'

'

Repayment Of Residential Loan Using Proceeds From Private Placement

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Note Receivable Related Party Fundings Amount

'

'

'

'

'

'

'

'

'

'

'

'

$4,800,000

$5,800,000

$12,100,000

Area Of Undeveloped Lot Loan Secured By First Lien Deed

'

'

'

'

'

'

'

'

'

'

'

'

'

24

31

Concentration_of_Credit_Risk_D

Concentration of Credit Risk (Details Textual)	12 Months Ended
	Dec. 31, 2013
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'
Largest Borrower And Affiliate Concentration	65.00%
Credit Risk Concentration Percentage	10.00%

Quarterly_Financial_Data_Detai

Quarterly Financial Data (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Assets	'	'	'	'	'	'	'	'	'	'	'
Loan participation interest - related parties, net	$32,909,958	$30,659,770	$26,771,585	$26,890,430	$29,393,316	$29,403,165	$27,488,459	$22,934,597	$22,756,800	$5,791,644	$1,340,541
Notes receivable, net	444,720,197	386,554,571	317,326,236	266,764,185	239,972,601	191,285,443	152,810,919	126,931,347	105,907,543	52,323,943	'
Notes receivable - related parties, net	30,854,000	31,242,207	27,777,449	28,649,516	27,786,215	18,469,006	15,880,769	13,609,133	13,689,146	5,477,544	'
Total assets	570,862,217	539,428,548	547,006,728	384,586,174	336,479,067	282,637,595	229,002,223	186,980,813	162,393,652	77,545,729	8,268,540
Liabilities and Shareholders' Equity	'	'	'	'	'	'	'	'	'	'	'
Accumulated deficit	27,395,968	-23,037,559	-17,754,622	-12,530,620	11,455,079	-7,212,270	-6,209,026	-4,674,232	4,568,124	2,158,005	65,545
Total liabilities and shareholders' equity	570,862,217	539,428,548	547,006,728	384,586,174	336,479,067	282,637,595	229,002,223	186,980,813	162,393,652	77,545,729	8,268,540
Scenario, Previously Reported [Member]	'	'	'	'	'	'	'	'	'	'	'
Assets	'	'	'	'	'	'	'	'	'	'	'
Loan participation interest - related parties, net	'	31,198,286	27,331,908	27,435,958	29,743,602	29,721,855	27,759,238	23,193,616	23,036,428	6,190,133	1,380,757
Notes receivable, net	'	397,649,546	326,121,997	273,547,740	246,450,255	196,229,283	157,087,599	130,343,743	109,070,679	53,800,754	'
Notes receivable - related parties, net	'	32,664,041	29,263,370	30,169,624	29,350,382	19,083,599	16,450,270	14,203,542	14,308,463	5,627,299	'
Total assets	'	552,483,873	557,848,733	393,435,365	344,871,174	288,514,718	234,119,183	191,246,637	166,455,733	79,570,784	8,308,756
Liabilities and Shareholders' Equity	'	'	'	'	'	'	'	'	'	'	'
Accumulated deficit	'	-9,982,234	-6,912,617	-3,681,429	3,062,972	-1,335,147	-1,092,066	-408,408	506,043	132,950	25,329
Total liabilities and shareholders' equity	'	552,483,873	557,848,733	393,435,365	344,871,174	288,514,718	234,119,183	191,246,637	166,455,733	79,570,784	8,308,756
Restatement Adjustment [Member]	'	'	'	'	'	'	'	'	'	'	'
Assets	'	'	'	'	'	'	'	'	'	'	'
Loan participation interest - related parties, net	'	-538,516	-560,323	-545,528	-350,286	-318,690	-270,779	-259,019	-279,628	-398,489	-40,216
Notes receivable, net	'	-11,094,975	-8,795,761	-6,783,555	-6,477,654	-4,943,840	-4,276,680	-3,412,396	-3,163,136	-1,476,811	'
Notes receivable - related parties, net	'	-1,421,834	-1,485,921	-1,520,108	-1,564,167	-614,593	-569,501	-594,409	-619,317	-149,755	'
Total assets	'	-13,055,325	-10,842,005	-8,849,191	-8,392,107	-5,877,123	-5,116,960	-4,265,824	-4,062,081	-2,025,055	-40,216
Liabilities and Shareholders' Equity	'	'	'	'	'	'	'	'	'	'	'
Accumulated deficit	'	-13,055,325	-10,842,005	-8,849,191	8,392,107	-5,877,123	-5,116,960	-4,265,824	4,062,081	2,025,055	40,216
Total liabilities and shareholders' equity	'	($13,055,325)	($10,842,005)	($8,849,191)	($8,392,107)	($5,877,123)	($5,116,960)	($4,265,824)	($4,062,081)	($2,025,055)	($40,216)

Quarterly_Financial_Data_Detai1

Quarterly Financial Data (Details 1) (USD $)	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Jun. 30, 2013	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Quarterly Financial Information [Line Items]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
General and administrative - related parties	'	$2,820,065	$2,532,685	$920,013	'	$1,090,321	$1,138,152	$465,103	'	'	'	'	$9,958,988	$5,586,931	$2,773,922	$2,330,153	$40,216
Total noninterest expense	'	5,814,420	4,773,099	2,823,409	'	2,463,319	2,331,326	1,415,034	'	'	'	'	20,714,981	11,015,272	5,211,890	3,099,027	66,175
Net income	8,685,000	7,680,313	6,134,695	6,841,372	3,408,000	4,289,887	3,081,763	3,117,069	12,976,067	6,198,833	20,656,380	10,488,719	29,341,219	13,896,243	5,842,662	241,098	-61,928
Net income per weighted average share outstanding (in dollars per share)	$0.27	$0.24	$0.23	$0.36	$0.21	$0.33	$0.30	$0.39	'	'	'	'	$1.08	$1.17	$1.23	$0.18	($4.66)
Scenario, Previously Reported [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Quarterly Financial Information [Line Items]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
General and administrative - related parties	'	606,745	539,871	462,929	'	330,158	287,016	261,360	'	'	'	'	'	1,256,905	736,896	345,314	0
Total noninterest expense	'	3,601,100	2,780,285	2,366,325	'	1,703,156	1,480,190	1,211,291	'	'	'	'	'	6,685,246	3,174,864	1,114,188	25,959
Net income	'	9,893,633	8,127,509	7,298,456	'	5,050,050	3,932,899	3,320,812	15,425,965	7,253,712	25,319,598	12,303,761	'	18,226,269	7,879,688	2,225,937	-21,712
Net income per weighted average share outstanding (in dollars per share)	'	$0.31	$0.31	$0.39	'	$0.39	$0.38	$0.41	'	'	'	'	'	$1.53	$1.66	$1.67	($1.63)
Restatement Adjustment [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Quarterly Financial Information [Line Items]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
General and administrative - related parties	'	2,213,320	1,992,814	457,084	'	760,163	851,136	203,743	'	'	'	'	'	4,330,026	2,037,026	1,984,839	40,216
Total noninterest expense	'	2,213,320	1,992,814	457,084	'	760,163	851,136	203,743	'	'	'	'	'	4,330,026	2,037,026	1,984,839	40,216
Net income	'	($2,213,320)	($1,992,814)	($457,084)	'	($760,163)	($851,136)	($203,743)	($2,449,898)	($1,054,879)	($4,663,218)	($1,815,042)	'	($4,330,026)	($2,037,026)	($1,984,839)	($40,216)
Net income per weighted average share outstanding (in dollars per share)	'	($0.07)	($0.08)	($0.03)	'	($0.06)	($0.08)	($0.02)	'	'	'	'	'	($0.36)	($0.43)	($1.49)	($3.03)

Quarterly_Financial_Data_Detai2

Quarterly Financial Data (Details 2) (USD $)	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Jun. 30, 2013	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Operating Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Net income	$8,685,000	$7,680,313	$6,134,695	$6,841,372	$3,408,000	$4,289,887	$3,081,763	$3,117,069	$12,976,067	$6,198,833	$20,656,380	$10,488,719	$29,341,219	$13,896,243	$5,842,662	$241,098	($61,928)
Net cash provided by operating activities	'	'	'	3,234,010	'	'	'	1,210,103	5,443,191	2,006,462	13,448,317	4,921,089	24,511,779	9,765,130	4,525,234	-2,787,055	-248,235
Investing Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Investments in loan participation interests - related party	'	'	'	-1,224,504	'	'	'	-1,068,427	-6,968,691	-3,794,896	-13,248,659	-8,632,868	-16,075,092	-10,885,724	-30,440,151	-18,930,924	-1,340,541
Investments in notes receivable	'	'	'	-35,722,916	'	'	'	-25,885,641	-116,162,502	-66,918,781	-213,648,400	-113,603,561	-316,406,945	-169,255,365	-81,967,098	-58,871,687	'
Investments in notes receivable - related party	'	'	'	-5,200,346	'	'	'	-1,727,077	-7,972,364	-5,444,215	-11,605,997	-9,757,790	-15,734,069	-20,196,910	-16,497,104	-7,245,822	'
Net cash used in investing activities	'	'	'	-25,567,698	'	'	'	-21,324,664	-75,603,899	-54,268,965	-159,166,337	-97,539,805	-219,984,758	-155,829,543	-79,272,798	-62,368,203	-1,340,541
Net increase in cash and cash equivalents	'	'	'	20,172,157	'	'	'	1,288,973	132,644,369	9,267,612	41,135,452	18,082,854	10,339,333	17,193,902	3,488,455	2,023,190	496,682
Scenario, Previously Reported [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Operating Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Net income	'	9,893,633	8,127,509	7,298,456	'	5,050,050	3,932,899	3,320,812	15,425,965	7,253,712	25,319,598	12,303,761	'	18,226,269	7,879,688	2,225,937	-21,712
Net cash provided by operating activities	'	'	'	3,691,094	'	'	'	1,413,846	7,893,089	3,061,341	18,111,535	6,736,131	'	14,095,156	6,562,260	-802,216	-208,019
Investing Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Investments in loan participation interests - related party	'	'	'	-1,419,746	'	'	'	-1,047,818	-7,178,728	-3,786,047	-13,436,889	-8,671,930	'	-10,956,382	-30,321,290	-19,289,197	-1,380,757
Investments in notes receivable	'	'	'	-36,028,817	'	'	'	-26,134,901	-118,480,609	-68,032,325	-218,265,721	-115,384,265	'	-172,569,883	-83,653,423	-60,348,498	'
Investments in notes receivable - related party	'	'	'	-5,156,287	'	'	'	-1,702,169	-7,894,118	-5,394,399	-11,463,664	-9,753,066	'	-21,141,760	-16,966,666	-7,395,577	'
Net cash used in investing activities	'	'	'	-26,024,782	'	'	'	-21,528,407	-78,053,797	-55,323,844	-163,829,555	-99,354,847	'	-160,159,569	-81,309,824	-64,353,042	-1,380,757
Net increase in cash and cash equivalents	'	'	'	20,172,157	'	'	'	1,288,973	132,644,369	9,267,612	41,135,452	18,082,854	'	17,193,902	3,488,455	2,023,190	496,682
Restatement Adjustment [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Operating Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Net income	'	-2,213,320	-1,992,814	-457,084	'	-760,163	-851,136	-203,743	-2,449,898	-1,054,879	-4,663,218	-1,815,042	'	-4,330,026	-2,037,026	-1,984,839	-40,216
Net cash provided by operating activities	'	'	'	-457,084	'	'	'	-203,743	-2,449,898	-1,054,879	-4,663,218	-1,815,042	'	-4,330,026	-2,037,026	-1,984,839	-40,216
Investing Activities	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Investments in loan participation interests - related party	'	'	'	195,242	'	'	'	-20,609	210,037	-8,849	188,230	39,062	'	70,658	-118,861	358,273	40,216
Investments in notes receivable	'	'	'	305,901	'	'	'	249,260	2,318,107	1,113,544	4,617,321	1,780,704	'	3,314,518	1,686,325	1,476,811	'
Investments in notes receivable - related party	'	'	'	-44,059	'	'	'	-24,908	-78,246	-49,816	-142,333	-4,724	'	944,850	469,562	149,755	'
Net cash used in investing activities	'	'	'	457,084	'	'	'	203,743	2,449,898	1,054,879	4,663,218	1,815,042	'	4,330,026	2,037,026	1,984,839	40,216
Net increase in cash and cash equivalents	'	'	'	$0	'	'	'	$0	$0	$0	$0	$0	'	$0	$0	$0	$0

Quarterly_Financial_Data_Detai3

Quarterly Financial Data (Details 3) (USD $)	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Jun. 30, 2013	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Quarterly Financial Information [Line Items]	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Total interest income	$15,534,000	$13,497,000	$11,452,000	$10,280,000	$8,763,000	$7,256,000	$5,914,000	$5,064,000	'	'	'	'	$50,763,098	$26,997,326	$12,860,239	'	'
Net Interest Income After Provision For Loan Losses	14,810,000	12,852,000	10,605,000	9,390,000	7,986,000	6,598,000	5,296,000	4,441,000	'	'	'	'	47,656,552	24,321,147	10,616,741	'	'
Net Income	$8,685,000	$7,680,313	$6,134,695	$6,841,372	$3,408,000	$4,289,887	$3,081,763	$3,117,069	$12,976,067	$6,198,833	$20,656,380	$10,488,719	$29,341,219	$13,896,243	$5,842,662	$241,098	($61,928)
Net Income Per Share (in dollars per share)	$0.27	$0.24	$0.23	$0.36	$0.21	$0.33	$0.30	$0.39	'	'	'	'	$1.08	$1.17	$1.23	$0.18	($4.66)