United Development Funding IV (UDFI) 10-Q/A 30 Apr 14 2013 Q3 Quarterly report (amended) Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 08, 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	'	31,736,567
Document Type	'10-Q	'
Amendment Flag	'true	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'
Amendment Description	'On April 15, 2014, United Development Funding IV (which may be referred to as the “Trust,” “we,” “us,” “our,” or “UDF IV”) filed its Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”), in which we restated 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”). The error that required 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. On April __, 2014, we filed an amendment to our previously filed quarterly report on Form 10-Q for the quarter ended March 31, 2013 to restate the quarterly financial statements for the quarter ended March 31, 2013, and on April __, 2014, we filed an amendment to our previously filed quarterly report on Form 10-Q for the quarter ended June 30, 2013 to restate the quarterly financial statements for the quarter ended June 30, 2013. We intend to present restated quarterly financial statements in this Amended Form 10-Q for the quarter ended September 30, 2013 (the “Amended Form 10-Q”). 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. The Restatement arose in connection with our previous application of the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Subtopic 310-20, Nonrefundable Fees and Other Costs (“ASC 310-20”). We incur acquisition and origination fees, payable to UMTH Land Development, L.P. (“UMTH LD”), a Delaware limited partnership and the affiliated asset manager of the Trust, equal to 3% of the net amount available for investment in secured loans and other real estate assets (“Acquisition and Origination Fees”). 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. U.S. generally accepted accounting principles (“GAAP”) guidance in FASB 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. Therefore, we have concluded 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. This Amended Form 10-Q includes restated information as of December 31, 2012 and for the three and nine month periods ended September 30, 2013 and September 30, 2012. On April __, 2014, we filed our amended quarterly report on Form 10-Q for the quarter ended March 31, 2013. On April __, 2014, we filed our amended quarterly report on Form 10-Q for the quarter ended June 30, 2013. Other than in connection with the Restatement, we have not undertaken to modify or update the disclosures contained in the originally filed quarterly report on Form 10-Q for the three and nine month periods ended September 30, 2013 (the “Original Form 10-Q”). Accordingly, for information regarding events related to us and our business that have occurred subsequent to September 30, 2013, please review our 2013 Form 10-K and other filings we have made with the U.S. Securities and Exchange Commission (the “SEC”), which can be accessed at www.sec.gov. For the convenience of the reader, this Amended Form 10-Q sets forth the Original Form 10-Q in its entirety as amended by and to reflect the Restatement; however, only the following items have been amended: Part I – Item 1 — Financial Statements; Part I – Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations; Part I – Item 4 — Controls and Procedures; Part II – Item 1A — Risk Factors; and Part II – Item 6 — Exhibits. In addition, as a result of this amendment to the Original Form 10-Q and in accordance with applicable SEC rules, the management certifications, filed as exhibits to the Original Form 10-Q, have been re-executed and re-filed as of the filing date of this Amended Form 10-Q.	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets	'	'
Cash and cash equivalents	$64,361,310	$23,225,858
Accrued interest receivable	13,163,847	7,267,604
Accrued receivable - related parties	3,081,727	1,980,274
Loan participation interest - related parties, net	30,659,770	29,393,316
Notes receivable, net	386,554,571	239,972,601
Notes receivable - related parties, net	31,242,207	27,786,215
Real estate owned	8,030,000	0
Deferred offering costs	0	5,050,715
Investor subscriptions receivable	0	1,137,357
Other assets	2,335,116	665,127
Total assets	539,428,548	336,479,067
Liabilities and Shareholders' Equity	'	'
Accrued liabilities	1,836,555	208,853
Accrued liabilities - related parties	856,939	6,229,710
Distributions payable	2,562,161	1,956,226
Lines of credit	3,591,584	28,688,003
Notes payable	0	5,095,523
Total liabilities	8,847,239	42,178,315
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Shares of beneficial interest; $0.01 par value; 400,000,000 shares authorized; 31,857,815 shares issued and 31,658,729 shares outstanding at September 30, 2013, and 17,624,839 shares issued and 17,500,308 shares outstanding at December 31, 2012	318,578	176,248
Additional paid-in-capital	557,281,539	308,069,721
Accumulated deficit	-23,037,559	-11,455,079
Shareholders' equity before treasury stock	534,562,558	296,790,890
Less: Treasury stock, 199,086 shares at September 30, 2013 and 124,531 shares at December 31, 2012, at cost	-3,981,249	-2,490,138
Total shareholders' equity	530,581,309	294,300,752
Total liabilities and shareholders' equity	$539,428,548	$336,479,067

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Sep. 30, 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	31,857,815	17,624,839
Shares of beneficial interest, shares outstanding	31,658,729	17,500,308
Treasury stock, shares	199,086	124,531

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest income:	'	'	'	'
Interest income	$11,597,420	$5,758,261	$29,575,272	$14,241,010
Interest income - related parties	1,899,165	1,497,516	5,653,989	3,993,398
Total interest income	13,496,585	7,255,777	35,229,261	18,234,408
Interest expense:	'	'	'	'
Interest expense	95,251	364,436	951,928	1,163,120
Net interest income	13,401,334	6,891,341	34,277,333	17,071,288
Provision for loan losses	549,130	293,374	1,429,891	735,681
Net interest income after provision for loan losses	12,852,204	6,597,967	32,847,442	16,335,607
Noninterest income:	'	'	'	'
Commitment fee income	408,732	139,999	881,049	321,913
Commitment fee income - related parties	38,797	15,240	143,817	40,880
Real estate owned - property sales income	195,000	0	195,000	0
Total noninterest income	642,529	155,239	1,219,866	362,793
Noninterest expense:	'	'	'	'
Advisory fee - related party	2,177,262	1,125,107	5,653,507	2,811,720
Real estate owned - property sales cost	195,000	0	195,000	0
General and administrative	622,093	247,891	1,289,658	704,383
General and administrative - related parties	2,820,065	1,090,321	6,272,763	2,693,578
Total noninterest expense	5,814,420	2,463,319	13,410,928	6,209,681
Net income	$7,680,313	$4,289,887	$20,656,380	$10,488,719
Net income per weighted average share outstanding (in dollars per share)	$0.24	$0.33	$0.80	$1
Weighted average shares outstanding (in shares)	31,526,561	13,062,621	25,672,294	10,485,718
Distributions per weighted average share outstanding (in dollars per share)	$0.41	$0.41	$1.26	$1.25

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating Activities	'	'
Net income	$20,656,380	$10,488,719
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Provision for loan losses	1,429,891	735,681
Amortization expense	520,697	433,181
Changes in assets and liabilities:	'	'
Accrued interest receivable	-5,896,243	-5,977,569
Accrued receivable - related parties	-1,101,453	-244,792
Other assets	-2,190,684	-400,245
Accounts payable and accrued liabilities	29,729	-113,886
Net cash provided by operating activities	13,448,317	4,921,089
Investing Activities	'	'
Investments in loan participation interest - related parties	-13,248,659	-8,632,868
Principal receipts from loan participation interest - related parties	11,982,205	7,851,069
Investments in notes receivable	-213,648,400	-113,603,561
Principal receipts from notes receivable	65,636,539	21,625,415
Investments in notes receivable - related parties	-11,605,997	-9,757,790
Principal receipts from notes receivable - related parties	8,150,005	4,977,930
Investments in real estate owned	-6,588,225	0
Proceeds from sales of real estate owned	156,195	0
Net cash used in investing activities	-159,166,337	-97,539,805
Financing Activities	'	'
Proceeds from issuance of shares of beneficial interest	272,879,903	140,979,678
Investor subscriptions receivable	1,137,357	-857,769
Purchase of treasury shares	-1,447,045	-1,297,313
Net borrowings on lines of credit	-25,096,419	2,431,786
Proceeds from notes payable	0	918,521
Payments on notes payable	-5,095,523	-4,655,294
Distributions	-31,632,925	-12,511,953
Shareholders' distribution reinvestment	11,739,952	4,569,908
Payments of offering costs	-35,309,772	-18,282,752
Deferred offering costs	5,050,715	1,690,230
Accrued liabilities - related parties	-5,372,771	-2,283,472
Net cash provided by financing activities	186,853,472	110,701,570
Net increase in cash and cash equivalents	41,135,452	18,082,854
Cash and cash equivalents at beginning of period	23,225,858	6,031,956
Cash and cash equivalents at end of period	64,361,310	24,114,810
Supplemental Cash Flow Information:	'	'
Cash paid for interest	1,030,442	1,196,321
Supplemental Cash Flow Information - non-cash activity:	'	'
Real estate purchased - earnest money	$1,597,970	$0

Nature_of_Business

Nature of Business	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Nature of Operations [Text Block]	'
	A. Nature of Business
	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 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 September 30, 2013 and December 31, 2012, UDF IV OP had no assets, liabilities or equity.
	As of September 30, 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”) and UDF IV Finance VII, L.P. (“UDF IV Fin VII”), all Delaware limited partnerships.
	As of September 30, 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; and (ix) UDF IV Finance VII Manager, LLC (“UDF IV FVIIM”), a Delaware limited liability company, the general partner of UDF IV Fin VII.
	As of September 30, 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 and (iii) UDF IV Woodcreek, Inc. (“UDF IV Woodcreek”), a Delaware corporation.
	As of September 30, 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, and UDF IV FVIIM 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, and the construction of model and new single-family homes, including development of mixed-use master planned residential communities. The Trust also makes direct investments in land for development into single-family lots, new and model homes and portfolios of finished lots and 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 the Trust’s board of trustees recommendations regarding investments and finance transactions, management, policies and guidelines and reviews investment transaction structure and terms, investment underwriting, investment collateral, investment performance, investment risk management, and the Trust’s capital structure at both the entity and asset level.
	The Trust has no employees and does 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.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies [Text Block]	'
	B. Summary of Significant Accounting Policies
	Restatement
	In our 2013 Form 10-K filed on April 15, 2014, we restated 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. We do not intend to file amendments to any of our previously filed Annual Reports on Form 10-K in connection with the Restatement and, instead, we presented all of the restated annual financial statements referred to above in the 2013 Form 10-K.
	In addition, the error that required 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 are restating our previously issued (i) consolidated balance sheets as of September 30, 2013 and December 31, 2012, (ii) consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012 and (iii) consolidated statements of cash flows for the nine months ended September 30, 2013 and 2012 in this Amended Form 10-Q. 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. On April __, 2014, we filed our amended quarterly report on Form 10-Q for the quarter ended March 31, 2013. On April __, 2014, we filed our amended quarterly report on Form 10-Q for the quarter ended June 30, 2013.
	The impact of the Restatement is included in this Amended Form 10-Q, and is more specifically described in Note C below, and in “Part I – Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Amended Form 10-Q.
	A summary of our significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:
	Basis of Presentation
	The accompanying consolidated financial statements were prepared in accordance with GAAP for interim financial information, with the instructions to Form 10-Q and with Regulation S-X.  They do not include all information and footnotes required by GAAP for complete financial statements.  However, except as disclosed herein, there has been no material change to the information disclosed in our 2012 Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the Securities and Exchange Commission on April 1, 2013 (the “Annual Report”), and which was subsequently restated within the 2013 Form 10-K.  The accompanying interim consolidated financial statements should be read in conjunction with the consolidated financial statements filed in our Annual Report and our 2013 Form 10-K.  In the opinion of management, the accompanying consolidated financial statements include all adjustments, consisting of normal recurring adjustments and adjustments associated with the Restatement, considered necessary to present fairly our financial position as of September 30, 2013 and December 31, 2012, operating results for the three and nine months ended September 30, 2013 and 2012, and cash flows for the nine months ended September 30, 2013 and 2012.  Operating results and cash flows for the nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.
	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.
	Loan Participation Interest – Related Parties
	As of September 30, 2013, the participations have terms ranging from 7 to 12 months and bear interest at rates ranging from 11.5% to 15%.
	Notes Receivable and Notes Receivable – Related Parties
	As of September 30, 2013, the notes have terms ranging from 5 to 48 months and bear interest at rates ranging from 11% to 15%.
	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 and UDF IV LBII (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 September 30, 2013, the lot option agreements have terms ranging from 18 to 24 months.
	Interest Income and Non-Interest Income Recognition
	As of September 30, 2013 and December 31, 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 include 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.  As of September 30, 2013 and December 31, 2012, approximately $2.1 million and $970,000, respectively, of unamortized commitment fees are included as an offset of notes receivable. Approximately $188,000 and $263,000 of unamortized commitment fees are included as an offset of notes receivable – related parties as of September 30, 2013 and December 31, 2012, respectively.
	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; provided, however, that we will not incur Acquisition and Origination Fees with respect to any asset level indebtedness we incur.  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 file income tax returns in the United States federal jurisdiction. At September 30, 2013, tax returns related to fiscal years ended December 31, 2009 through December 31, 2012 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 nine months ended September 30, 2013 or 2012.
	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 in partnerships (collectively referred to as “guarantees”), and 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	9 Months Ended
	Sep. 30, 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 FASB 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. Therefore, 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 September 30, 2013 and December 31, 2012.
		As of September 30, 2013
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	31,198,286	$	-538,516	$	30,659,770
	Notes receivable, net	$	397,649,546	$	-11,094,975	$	386,554,571
	Notes receivable - related parties, net	$	32,664,041	$	-1,421,834	$	31,242,207
	Total assets	$	552,483,873	$	-13,055,325	$	539,428,548
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-9,982,234	$	-13,055,325	$	-23,037,559
	Total liabilities and shareholders' equity	$	552,483,873	$	-13,055,325	$	539,428,548
		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
	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 three and nine months ended September 30, 2013 and 2012.
		Three Months Ended September 30, 2013						Nine Months Ended September 30, 2013
		As Previously		Adjustment		As Restated		As Previously		Adjustment		As Restated
		Reported						Reported
	General and administrative - related parties	$	606,745	$	2,213,320	$	2,820,065	$	1,609,545	$	4,663,218	$	6,272,763
	Total noninterest expense	$	3,601,100	$	2,213,320	$	5,814,420	$	8,747,710	$	4,663,218	$	13,410,928
	Net income	$	9,893,633	$	-2,213,320	$	7,680,313	$	25,319,598	$	-4,663,218	$	20,656,380
	Net income per weighted average share outstanding	$	0.31	$	-0.07	$	0.24	$	0.99	$	-0.19	$	0.8
		Three Months Ended September 30, 2012						Nine Months Ended September 30, 2012
		As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	General and administrative - related parties	$	330,158	$	760,163	$	1,090,321	$	878,536	$	1,815,042	$	2,693,578
	Total noninterest expense	$	1,703,156	$	760,163	$	2,463,319	$	4,394,639	$	1,815,042	$	6,209,681
	Net income	$	5,050,050	$	-760,163	$	4,289,887	$	12,303,761	$	-1,815,042	$	10,488,719
	Net income per weighted average share outstanding	$	0.39	$	-0.06	$	0.33	$	1.17	$	-0.17	$	1
	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 nine months ended September 30, 2013 and 2012.
		Nine Months Ended September 30, 2013
		As Previously
		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	25,319,598	$	-4,663,218	$	20,656,380
	Net cash provided by operating activities	$	18,111,535	$	-4,663,218	$	13,448,317
	Investing Activities
	Investments in loan participation interests - related party	$	-13,436,889	$	188,230	$	-13,248,659
	Investments in notes receivable	$	-218,265,721	$	4,617,321	$	-213,648,400
	Investments in notes receivable - related party	$	-11,463,664	$	-142,333	$	-11,605,997
	Net cash used in investing activities	$	-163,829,555	$	4,663,218	$	-159,166,337
	Net increase in cash and cash equivalents	$	41,135,452	$	-	$	41,135,452
		Nine Months Ended September 30, 2012
		As Previously
		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	12,303,761	$	-1,815,042	$	10,488,719
	Net cash provided by operating activities	$	6,736,131	$	-1,815,042	$	4,921,089
	Investing Activities
	Investments in loan participation interests - related party	$	-8,671,930	$	39,062	$	-8,632,868
	Investments in notes receivable	$	-115,384,265	$	1,780,704	$	-113,603,561
Investments in notes receivable - related party	$	-9,753,066	$	-4,724	$	-9,757,790
Net cash used in investing activities	$	-99,354,847	$	1,815,042	$	-97,539,805
Net increase in cash and cash equivalents	$	18,082,854	$	-	$	18,082,854

Registration_Statement

Registration Statement	9 Months Ended
	Sep. 30, 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 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_Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2013
Receivables [Abstract]	'
Financing Receivables [Text Block]	'
	E.  Loans and Allowance for Credit Losses
	All information in this footnote has been revised to reflect the effects of the Restatement described in Note C above.
	Our aggregate loan portfolio is comprised of 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.
			September 30, 2013		December 31, 2012
	Loan participation interest – related parties		$	30,660,000	$	29,393,000
	Notes receivable, net			386,555,000		239,973,000
	Notes receivable – related parties			31,242,000		27,786,000
	Total		$	448,457,000	$	297,152,000
	Our loans are classified as follows:
			September 30, 2013		December 31, 2012
	Real Estate:
	Construction, acquisition and land development		$	453,932,000	$	300,151,000
	Allowance for loan losses			-3,196,000		-1,766,000
	Unamortized commitment fees			-2,279,000		-1,233,000
	Total		$	448,457,000	$	297,152,000
	As of September 30, 2013, we had originated or purchased 121 loans, including 21 loans that have either been repaid in full by the respective borrower or have matured and have not been renewed, although they were never funded.  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, although they were never funded.
	The following table represents the scheduled maturity dates of the 100 loans outstanding as of September 30, 2013:
			Related Party							Non-related party									Total
	Maturity Date		Amount		Loans		% of Total			Amount		Loans			%  of Total				Amount			Loans			% of Total
	Matured		$	-		-		-		$	-			-		-			$	-			-			-
	2013			8,895,000		6		14	%		52,256,000			10		13	%			61,151,000			16			14	%
	2014			25,722,000		7		42	%		211,394,000			24		54	%			237,116,000			31			52	%
	2015			17,595,000		3		28	%		66,990,000			20		17	%			84,585,000			23			19	%
	2016			9,903,000		1		16	%		55,500,000			25		14	%			65,403,000			26			14	%
	2017			-		-		-			5,677,000			4		2	%			5,677,000			4			1	%
	Total		$	62,115,000		17		100	%	$	391,817,000			83		100	%		$	453,932,000			100			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 Date		Amount		Loans		% of Total			Amount			Loans		% of Total				Amount			Loans			% of 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 September 30, 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 is 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 nine months ended September 30, 2013 and the loans that matured during the nine months ended September 30, 2013 and remained matured as of September 30, 2013:
	Maturity Date		Amount		Loans		% of Total			Matured Loan			Net Activity During the		Loans Matured During			Amount			Loans			% of Total
										Extensions During the			Nine Months Ended		the Nine Months Ended
										Nine Months Ended			September 30, 2013 on		September 30, 2013 (3)
										September 30, 2013 on			Loans Matured as of
										Loans Matured as of			December 31, 2012 (2)
										December 31, 2012 (1)
			Non-Related
			Matured as of December 31, 2012							2013 Activity (4)								Matured as of September 30, 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 nine months ended September 30, 2013.
	-2	For loans matured as of December 31, 2012, net loan activity represents all activity on the loans during the nine months ended September 30, 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 nine months ended September 30, 2013 and remained matured as of September 30, 2013.
	-4	The table does not reflect activity for loans that matured or were due to mature during the nine months ended September 30, 2013, but were extended on or prior to September 30, 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 September 30, 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, as well as 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.
	As of September 30, 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 at which point 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.
	For the nine months ended September 30, 2013, we did not have any impaired loans and we did not recognize any interest income associated with impaired loans. For the nine months ended September 30, 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:
		September 30, 2013		December 31, 2012
Level 1		$	453,932,000	$	300,151,000
Level 2			-		-
Level 3			-		-
Total		$	453,932,000	$	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 nine months ended September 30, 2013 and the year ended December 31, 2012, which is offset against notes receivable:
		For the Nine Months		For the Year Ended
		Ended September 30, 2013		December 31, 2012
Balance, beginning of year		$	1,766,000	$	675,000
Provision for loan losses			1,430,000		1,091,000
Charge-offs			-		-
Balance, end of period		$	3,196,000	$	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 September 30, 2013 and December 31, 2012, we have no loan modifications that are classified as troubled debt restructurings.

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2013
Stockholders Equity Note [Abstract]	'
Shareholders Equity Note Disclosure [Text Block]	'
	F.  Shareholders’ Equity
	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 September 30, 2013, the Trust had issued an aggregate of   31,857,815 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 398,385 common shares of beneficial interest in accordance with our Secondary DRIP in exchange for gross proceeds of approximately $7.9 million.  As of September 30, 2013, the Trust had redeemed an aggregate of 199,086 common shares of beneficial interest at a cost of approximately $3.8 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 monthly distributions 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 the monthly distributions, in an effort to ensure we distribute at least 90% of our taxable income, our board of trustees has periodically authorized additional, special distributions.  All distributions are paid in cash and DRIP or Secondary 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 December 31, 2013.  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 December 2013 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 September 30, 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 September 30, 2013, we have made the following distributions to our shareholders in 2013:
	Period Ended			Date Paid	Distribution Amount
	31-Dec-12			16-Jan-13	$	2,385,000
	14-Dec-12			15-Feb-13		856,000
	31-Jan-13			22-Feb-13		2,494,000
	28-Feb-13			22-Mar-13		2,353,000
	31-Mar-13			23-Apr-13		2,772,000
	15-Apr-13			17-May-13		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
					$	31,633,000
	For the nine months ended September 30, 2013, we paid distributions of approximately $31.6 million ($19.9 million in cash and $11.7 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 $13.4 million.  From May 28, 2008 (Date of Inception) through September 30, 2013, we paid cumulative distributions of approximately $61.1 million.  As of September 30, 2013, we had approximately $2.6 million of cash distributions declared that were paid subsequent to period end.
	The distributions paid for the nine months ended September 30, 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.
			Nine months ended September 30,
			2013						2012
	Distributions paid in cash		$	19,893,000					$	7,942,000
	Distributions reinvested			11,740,000						4,570,000
	Total distributions		$	31,633,000					$	12,512,000
	Source of distributions:
	Cash from operations		$	13,448,000		43	%		$	4,921,000	39	%
	Borrowings under credit facilities			-		-				7,591,000	61	%
	Proceeds from Offering			18,185,000		57	%			-	-
	Total sources		$	31,633,000		100	%		$	12,512,000	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	9 Months Ended
	Sep. 30, 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 Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“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 September 30, 2013, we did not have any approved redemption requests included in our liabilities.
	The following table summarizes the redemption activity for the nine months ended September 30, 2013 and the year ended December 31, 2012. The amounts presented are in total shares:
		September 30, 2013		December 31, 2012
	Balance, beginning of year		-		-
	Redemption requests received		74,556		96,016
	Shares redeemed		-74,556		-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	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 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  1/12th 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	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 2013
Banking and Thrift [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 nine months ended September 30, 2013 and the year ended December 31, 2012.
		September 30, 2013		December 31, 2012
	Real estate owned, beginning of period	$	-	-
	Purchases of lots		8,225,000	-
	Sales of lots		-195,000	-
	Real estate owned, end of period	$	8,030,000	-

Notes_Payable_and_Lines_of_Cre

Notes Payable and Lines of Credit	9 Months Ended
	Sep. 30, 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”). 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.  Effective February 5, 2013, we executed the Third Extension Agreement with Raley Holdings 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 (as amended, the “UDF IV HF CTB LOC”) with Community Trust Bank (“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 September 30, 2013) and the revolving line was increased to $10.0 million.    The full outstanding principal balance of the UDF IV HF CTB LOC was paid in June 2013, although UDF IV HF retains the right to draw under the UDF IV HF CTB LOC through October 19, 2014.
	In connection with the amendment entered into in July 2013, UDF IV HF agreed to pay an origination fee of $30,000 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 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.  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 (as amended, the “CTB Revolver”) from CTB pursuant to a Revolving Loan Agreement.   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 September 30, 2013).  The full outstanding principal balance of the CTB Revolver was paid in June 2013, although UDF IV AC retains the right to draw under the CTB Revolver until it matures on July 30, 2015.
	In connection with the amendment entered into in April 2013, UDF IV AC agreed to pay an origination fee of $70,000 to CTB.  In addition, UDF IV AC has 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 balance of this loan and all accrued interest were paid in full on November 7, 2013 and this loan was terminated.  See Note Q – Subsequent Events, for further discussion.
	UDF IV FI has 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 an amendment entered into on December 4, 2012, F&M increased its commitment associated with the F&M Loan to $10.0 million.  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.  See Note Q – Subsequent Events, for further discussion. 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.
	UDF IV FII has agreed to pay Debt Financing Fees to UMTH GS in connection with the F&M Loan.  In addition, 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. 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.  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.
	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”).  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.
	UDF IV Fin IV has 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 September 30, 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 September 30, 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 September 30, 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.
	Summary Information
	The table below summarizes the approximate outstanding balance of our notes payable and each of our lines of credit as of the date indicated:
	Facility	September 30, 2013		December 31, 2012
	Credit Facility	$	-	$	5,096,000
	UDF IV HF CTB LOC		-		6,000,000
	CTB Revolver		-		8,000,000
	UTB Revolver		3,592,000		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		-		-
	Total	$	3,592,000	$	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 Three Months Ended September 30,				For the Nine Months Ended September 30,
	Facility	2013		2012		2013		2012
	Credit Facility	$	-	$	105,000	$	165,000	$	390,000
	UDF IV HF CTB LOC		-		45,000		147,000		116,000
	CTB Revolver		-		80,000		190,000		238,000
	UTB Revolver		52,000		55,000		155,000		166,000
	F&M Loan		11,000		73,000		153,000		221,000
	Legacy Revolver		1,000		5,000		4,000		31,000
	Veritex Revolver		31,000		1,000		138,000		1,000
	Affiliated Bank Loan		-		-		-		-
	UDF IV Fin VII Legacy LOC		-		-		-		-
	UDF IV Fin VI CTB LOC		-		-		-		-
	Total interest expense	$	95,000	$	364,000	$	952,000	$	1,163,000

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 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 in February 2012, the Trust agreed to guaranty all obligations under the UMTH LD CTB LOC.  As of September 30, 2013 and December 31, 2012, the outstanding balance on the line of credit was $5.5 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 September 30, 2013 and December 31, 2012, approximately $6.2 million and $9.7 million, respectively, was outstanding under the Stoneleigh Construction Loan.  For the three months ended September 30, 2013 and 2012, approximately $15,000 and $2,000, respectively, is included in commitment fee income – related parties in connection with the credit enhancement fee associated with the Stoneleigh Construction Loan.   For the nine months ended September 30, 2013 and 2012, approximately $68,000 and $2,000, respectively, is included in commitment fee income – related parties in connection with the credit enhancement fee associated with the Stoneleigh Construction Loan.  As of September 30, 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 September 30, 2013, URHF had not made any draws on this loan and we had not recognized any income in connection with our guaranty.
	As of September 30, 2013, including the guarantees described above, we had  10 outstanding repayment guarantees with total credit risk to us of approximately $66.0 million, of which approximately $18.2 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	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	O.  Related Party Transactions
	All information 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 nine months ended September 30, 2013 and the year ended December 31, 2012, we reimbursed our Advisor approximately $8.2 million and $5.9 million, respectively, in accordance with the O&O Reimbursement.  As of September 30, 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 three months ended September 30, 2013 and 2012, approximately $2.2 million and $1.1 million, respectively, is included in advisory fee – related party expense for Advisory Fees payable to our Advisor.  For the nine months ended September 30, 2013 and 2012, approximately $5.7 million and $2.8 million, respectively, is included in advisory fee – related party expense for Advisory Fees payable to our Advisor.  As of September 30, 2013 and December 31, 2012, approximately $782,000 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.  For the three months ended September 30, 2013 and 2012, approximately $2.7 million and $989,000, respectively, is included in general and administrative – related parties expense associated with Acquisition and Origination Fees payable to UMTH LD.  For the nine months ended September 30, 2013 and 2012, approximately $5.9 million and $2.4 million, respectively, is included in general and administrative – related parties expense associated with Acquisition and Origination Fees payable to UMTH LD.  As of September 30, 2013, approximately $324,000 is included in accrued receivable – related parties associated with Acquisition and Origination Fees paid to UMTH LD.  As of December 31, 2012, approximately $868,000 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 Debt Financing Fees to our Advisor, as discussed in Notes I and L. 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 Three Months Ended September 30,						For the Nine Months Ended September 30,
	Facility	2013			2012			2013			2012
	UDF IV HF CTB LOC	$	17,000		$	7,000		$	35,000		$	19,000
	Credit Facility		7,000			5,000			13,000			15,000
	F&M Loan		5,000			16,000			16,000			48,000
	CTB Revolver		25,000			12,000			106,000			31,000
	UTB Revolver		3,000			4,000			8,000			11,000
	Legacy Revolver		-			12,000			4,000			37,000
	Veritex Revolver		6,000			2,000			15,000			2,000
	Affiliated Bank Loan		5,000			-			5,000			-
	UDF IV Fin VII Legacy LOC		8,000			-			8,000			-
	UDF IV Fin VI CTB LOC		21,000			-			21,000			-
	Total	$	97,000		$	58,000		$	231,000		$	163,000
	As of September 30, 2013 and December 31, 2012, approximately $10,000 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 prepaid 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 L.  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 Three Months Ended September 30,						For the Nine Months Ended September 30,
	Line of Credit	2013			2012			2013			2012
	UDF IV HF CTB LOC	$	16,000		$	15,000		$	48,000		$	45,000
	CTB Revolver		-			14,000			33,000			42,000
	F&M Loan		-			14,000			28,000			44,000
	UDF IV Fin VI CTB LOC		-			-			-			-
	Total	$	16,000		$	43,000		$	109,000		$	131,000
	As of September 30, 2013 no amount is included in accrued liabilities – related parties in connection with Credit Enhancement Fees payable to our Advisor or its affiliates.  As of December 31, 2012, approximately $11,000 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 nine months ended September 30, 2013 and the year ended December 31, 2012:
	Payee	Purpose		For the Nine Months Ended							For the Year Ended
				30-Sep-13							31-Dec-12
	UMTH GS
		O&O Reimbursement		$	8,167,000			39	%		$	5,878,000			38	%
		Advisory Fees			5,370,000			25	%			3,924,000			26	%
		Debt Financing Fees			301,000			1	%			148,000			1	%
	UMTH LD
		Acquisition and Origination Fees			7,125,000			34	%			5,155,000			34	%
	UDF III
		Credit Enhancement Fees			132,000			1	%			115,000			1	%
	Total Payments			$	21,095,000			100	%		$	15,220,000			100	%
	The chart below summarizes the approximate expenses associated with related parties for the nine months ended September 30, 2013 and 2012:
		For the Three Months Ended September 30,
	Purpose	2013							2012
	Advisory Fees	$	2,177,000			100	%		$	1,125,000			100	%
	Total Advisory fee – related party	$	2,177,000			100	%		$	1,125,000			100	%
	Amortization of Debt Financing Fees	$	97,000			3	%		$	58,000			5	%
	Acquisition and Origination Fees		2,707,000			96	%			989,000			91	%
	Credit Enhancement Fees		16,000			1	%			43,000			4	%
	Total General and administrative – related parties	$	2,820,000			100	%		$	1,090,000			100	%
	The chart below summarizes the approximate expenses associated with related parties for the nine months ended September 30, 2013 and 2012:
		For the Nine Months Ended September 30,
	Purpose	2013						2012
	Advisory Fees	$	5,654,000		100	%		$	2,812,000		100	%
	Total Advisory fee – related party	$	5,654,000		100	%		$	2,812,000		100	%
	Amortization of Debt Financing Fees	$	231,000		4	%		$	163,000		6	%
Acquisition and Origination Fees		5,933,000		95	%			2,400,000		89	%
Credit Enhancement Fees		109,000		1	%			131,000		5	%
Total General and administrative – related parties	$	6,273,000		100	%		$	2,694,000		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 UMT, 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 obligation of UMTHF to make Construction Loans was scheduled to terminate on October 28, 2013 and the Buffington Classic participation agreement was scheduled to mature and become due and payable in full on 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.
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 (as amended, 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 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 and the lot participation agreement associated with the Buffington Classic Line were due and payable in full on 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.
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.
Effective January 28, 2013, pursuant to a Second Loan Modification Agreement, UDF III extended the maturity date of the Travis Ranch II Finished Lot Loan to January 28, 2014.  The TR Finished Lot Participation was also extended to January 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.
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.
Effective January 28, 2013, pursuant to a Loan Modification Agreement, UDF III extended the maturity date of the Travis Ranch Paper Lot Loan to January 28, 2014.  The TR Paper Lot Participation was also extended to January 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.
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.    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 and the 165 Howe Participation Agreement mature and become due and payable in full on October 4, 2013.  Effective October 4, 2013, pursuant to a loan modification agreement, UMTHFIII extended the maturity date of the 165 Howe Lot Loan to October 4, 2014.  The 165 Howe Participation Agreement was also extended to October 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.
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 and our participation in this loan were originally due and payable in full on March 29, 2013.  Effective March 29, 2013, pursuant to the Third Loan Modification Agreement, UMTHFIII extended the maturity date of the Pine Trace Loan to March 29, 2014.  The Pine Trace Participation Agreement was also extended to March 29, 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 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.
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 are due and payable in full on December 28, 2013.
Summary Information
The table 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	September 30, 2013			December 31, 2012
Buffington Participation Agreements	$	2,825,000		$	7,203,000
Buffington Lot Participation Agreements		355,000			499,000
TR Finished Lot Participation		3,595,000			3,560,000
TR Paper Lot Participation		12,864,000			10,620,000
Carrollton Participation Agreement		-			817,000
165 Howe Participation Agreement		381,000			1,289,000
Pine Trace Participation Agreement		5,391,000			5,193,000
Northpointe Participation Agreement		1,615,000			212,000
Northpointe II Participation Agreement		3,634,000			-
Total	$	30,660,000		$	29,393,000
The table 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	September 30, 2013			December 31, 2012
Buffington Participation Agreements	$	-		$	-
Buffington Lot Participation Agreements		9,000			20,000
TR Finished Lot Participation		44,000			175,000
TR Paper Lot Participation		-			401,000
Carrollton Participation Agreement		-			4,000
165 Howe Participation Agreement		10,000			21,000
Pine Trace Participation Agreement		354,000			134,000
Northpointe Participation Agreement		93,000			-
Northpointe II Participation Agreement		-			-
Total	$	510,000		$	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 Three Months Ended September 30,						For the Nine Months Ended September 30,
Loan Name	2013			2012			2013			2012
Buffington Participation Agreements	$	33,000		$	218,000		$	341,000		$	657,000
Buffington Lot Participation Agreements		12,000			26,000			45,000			41,000
TR Finished Lot Participation		136,000			115,000			403,000			321,000
TR Paper Lot Participation		418,000			349,000			1,218,000			1,041,000
Carrollton Participation Agreement		-			37,000			28,000			144,000
165 Howe Participation Agreement		12,000			38,000			80,000			122,000
Pine Trace Participation Agreement		177,000			163,000			520,000			225,000
Northpointe Participation Agreement		49,000			28,000			93,000			38,000
Northpointe II Participation Agreement		107,000			-			151,000			-
Total	$	944,000		$	974,000		$	2,879,000		$	2,589,000
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 paid in full in May 2013.
Buffington Classic CL
On April 30, 2010, we entered into a construction loan agreement with Buffington Classic (the “Buffington Classic CL”) through which we agreed to provide an interim construction loan facility to 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 Buffington Classic.  Effective July 2010, we assigned our rights and obligations under the Buffington Classic CL to UDF IV HF.
The Buffington Classic CL was scheduled to mature and become due and payable in full on 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.
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 matured and became due and payable in full on March 22, 2013.  Pursuant to the First Loan Modification Agreement entered into effective March 22, 2013, we extended the maturity date of the HLL II Highland Farms Loan to March 22, 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.
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 matures and becomes due and payable in full on January 21, 2015.
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 was scheduled to mature and become due and payable in full on 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.
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 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 matures and becomes due and payable in full on September 20, 2014.
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 matures and becomes due and payable in full on October 17, 2015.
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 matures and becomes due and payable in full on November 29, 2015.
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 matures and becomes due and payable in full on June 14, 2016.
Summary Information
The table below summarizes the approximate outstanding balance of each of our loans included in notes receivable – related parties as of the date indicated:
Loan Name	30-Sep-13			31-Dec-12
HLL Indian Springs Loan	$	-		$	1,460,000
Buffington Classic CL		-			399,000
HLL II Highland Farms Loan		1,404,000			1,478,000
HLL Hidden Meadows Loan		10,058,000			9,017,000
Ash Creek Loan		2,056,000			2,500,000
UDF TX Two Loan		498,000			3,183,000
UDF PM Loan		3,379,000			892,000
HLL IS Loan		4,158,000			3,111,000
One KR Loan		9,903,000			6,009,000
Total	$	31,456,000		$	28,049,000
The table 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	30-Sep-13			31-Dec-12
HLL Indian Springs Loan	$	-		$	2,000
Buffington Classic CL		-			4,000
HLL II Highland Farms Loan		121,000			-
HLL Hidden Meadows Loan		686,000			853,000
Ash Creek Loan		55,000			60,000
UDF TX Two Loan		-			81,000
UDF PM Loan		216,000			11,000
HLL IS Loan		386,000			35,000
One KR Loan		539,000			13,000
Total	$	2,003,000		$	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 Three Months Ended September 30,						For the Nine Months Ended September 30,
Loan Name	2013			2012			2013			2012
HLL Indian Springs Loan	$	-		$	61,000		$	8,000		$	112,000
Buffington Classic CL		-			34,000			5,000			229,000
HLL II Highland Farms Loan		46,000			44,000			136,000			130,000
HLL Hidden Meadows Loan		330,000			295,000			956,000			737,000
Ash Creek Loan		68,000			79,000			223,000			185,000
UDF TX Two Loan		18,000			11,000			189,000			11,000
UDF PM Loan		105,000			-			205,000			-
HLL IS Loan		130,000			-			350,000			-
One KR Loan		258,000			-			703,000			-
Total	$	955,000		$	524,000		$	2,775,000		$	1,404,000
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 Three Months Ended September 30,						For the Nine Months Ended September 30,
Loan	2013			2012			2013			2012
HLL II Highland Farms Loan	$	-		$	2,000		$	2,000		$	6,000
HLL Hidden Meadows Loan		6,000			6,000			19,000			19,000
Ash Creek Loan		-			2,000			-			7,000
HLL IS Loan		5,000			-			16,000			-
One KR Loan		13,000			-			38,000			-
Total	$	24,000		$	10,000		$	75,000		$	32,000

Concentration_of_Credit_Risk

Concentration of Credit Risk	9 Months Ended
	Sep. 30, 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 U.S. Federal Deposit Insurance Corporation (“FDIC”).  We have not experienced any losses related to amounts in excess of FDIC limits.
	As of September 30, 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.
	As of September 30, 2013, we did not have any loans to borrowers that, individually, accounted for over 10% of the outstanding balance of our portfolio. As of September 30, 2013, our largest group of related borrowers comprised approximately 60% of the outstanding balance of our portfolio.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	Q. Subsequent Events
	Effective October 31, 2013, UDF IV FII entered into the Second Amendment to Amended and Restated Loan Agreement with F&M pursuant to which the F&M Loan was increased to $15 million.  In connection with this amendment, UDF IV FII agreed to pay an additional origination fee of $50,000 to F&M.
	Effective November 7, 2013, we paid in full the principal balance and the accrued interest associated with the UTB Revolver in the approximate amount of $3.6 million and the UTB Revolver was terminated.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Restatement [Policy Text Block]	'
	Restatement
	In our 2013 Form 10-K filed on April 15, 2014, we restated 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. We do not intend to file amendments to any of our previously filed Annual Reports on Form 10-K in connection with the Restatement and, instead, we presented all of the restated annual financial statements referred to above in the 2013 Form 10-K.
	In addition, the error that required 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 are restating our previously issued (i) consolidated balance sheets as of September 30, 2013 and December 31, 2012, (ii) consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012 and (iii) consolidated statements of cash flows for the nine months ended September 30, 2013 and 2012 in this Amended Form 10-Q. 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. On April __, 2014, we filed our amended quarterly report on Form 10-Q for the quarter ended March 31, 2013. On April __, 2014, we filed our amended quarterly report on Form 10-Q for the quarter ended June 30, 2013.
	The impact of the Restatement is included in this Amended Form 10-Q, and is more specifically described in Note C below, and in “Part I – Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Amended Form 10-Q.
	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
	The accompanying consolidated financial statements were prepared in accordance with GAAP for interim financial information, with the instructions to Form 10-Q and with Regulation S-X.  They do not include all information and footnotes required by GAAP for complete financial statements.  However, except as disclosed herein, there has been no material change to the information disclosed in our 2012 Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the Securities and Exchange Commission on April 1, 2013 (the “Annual Report”), and which was subsequently restated within the 2013 Form 10-K.  The accompanying interim consolidated financial statements should be read in conjunction with the consolidated financial statements filed in our Annual Report and our 2013 Form 10-K.  In the opinion of management, the accompanying consolidated financial statements include all adjustments, consisting of normal recurring adjustments and adjustments associated with the Restatement, considered necessary to present fairly our financial position as of September 30, 2013 and December 31, 2012, operating results for the three and nine months ended September 30, 2013 and 2012, and cash flows for the nine months ended September 30, 2013 and 2012.  Operating results and cash flows for the nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.
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.
Loan Participation Interest Related Parties [Policy Text Block]	'
	Loan Participation Interest – Related Parties
	As of September 30, 2013, the participations have terms ranging from 7 to 12 months and bear interest at rates ranging from 11.5% to 15%.
Notes Receivable [Policy Text Block]	'
	Notes Receivable and Notes Receivable – Related Parties
	As of September 30, 2013, the notes have terms ranging from 5 to 48 months and bear interest at rates ranging from 11% to 15%.
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 and UDF IV LBII (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 September 30, 2013, the lot option agreements have terms ranging from 18 to 24 months.
Revenue Recognition, Policy [Policy Text Block]	'
	Interest Income and Non-Interest Income Recognition
	As of September 30, 2013 and December 31, 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 include 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.  As of September 30, 2013 and December 31, 2012, approximately $2.1 million and $970,000, respectively, of unamortized commitment fees are included as an offset of notes receivable. Approximately $188,000 and $263,000 of unamortized commitment fees are included as an offset of notes receivable – related parties as of September 30, 2013 and December 31, 2012, respectively.
	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; provided, however, that we will not incur Acquisition and Origination Fees with respect to any asset level indebtedness we incur.  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 file income tax returns in the United States federal jurisdiction. At September 30, 2013, tax returns related to fiscal years ended December 31, 2009 through December 31, 2012 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 nine months ended September 30, 2013 or 2012.
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 in partnerships (collectively referred to as “guarantees”), and 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)	9 Months Ended
	Sep. 30, 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 September 30, 2013 and December 31, 2012.
		As of September 30, 2013
		As Previously
		Reported		Adjustment		As Restated
	Assets
	Loan participation interest - related parties, net	$	31,198,286	$	-538,516	$	30,659,770
	Notes receivable, net	$	397,649,546	$	-11,094,975	$	386,554,571
	Notes receivable - related parties, net	$	32,664,041	$	-1,421,834	$	31,242,207
	Total assets	$	552,483,873	$	-13,055,325	$	539,428,548
	Liabilities and Shareholders' Equity
	Accumulated deficit	$	-9,982,234	$	-13,055,325	$	-23,037,559
	Total liabilities and shareholders' equity	$	552,483,873	$	-13,055,325	$	539,428,548
		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
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 three and nine months ended September 30, 2013 and 2012.
		Three Months Ended September 30, 2013						Nine Months Ended September 30, 2013
		As Previously		Adjustment		As Restated		As Previously		Adjustment		As Restated
		Reported						Reported
	General and administrative - related parties	$	606,745	$	2,213,320	$	2,820,065	$	1,609,545	$	4,663,218	$	6,272,763
	Total noninterest expense	$	3,601,100	$	2,213,320	$	5,814,420	$	8,747,710	$	4,663,218	$	13,410,928
	Net income	$	9,893,633	$	-2,213,320	$	7,680,313	$	25,319,598	$	-4,663,218	$	20,656,380
	Net income per weighted average share outstanding	$	0.31	$	-0.07	$	0.24	$	0.99	$	-0.19	$	0.8
		Three Months Ended September 30, 2012						Nine Months Ended September 30, 2012
		As Previously						As Previously
		Reported		Adjustment		As Restated		Reported		Adjustment		As Restated
	General and administrative - related parties	$	330,158	$	760,163	$	1,090,321	$	878,536	$	1,815,042	$	2,693,578
	Total noninterest expense	$	1,703,156	$	760,163	$	2,463,319	$	4,394,639	$	1,815,042	$	6,209,681
	Net income	$	5,050,050	$	-760,163	$	4,289,887	$	12,303,761	$	-1,815,042	$	10,488,719
	Net income per weighted average share outstanding	$	0.39	$	-0.06	$	0.33	$	1.17	$	-0.17	$	1
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 nine months ended September 30, 2013 and 2012.
		Nine Months Ended September 30, 2013
		As Previously
		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	25,319,598	$	-4,663,218	$	20,656,380
	Net cash provided by operating activities	$	18,111,535	$	-4,663,218	$	13,448,317
	Investing Activities
	Investments in loan participation interests - related party	$	-13,436,889	$	188,230	$	-13,248,659
	Investments in notes receivable	$	-218,265,721	$	4,617,321	$	-213,648,400
	Investments in notes receivable - related party	$	-11,463,664	$	-142,333	$	-11,605,997
	Net cash used in investing activities	$	-163,829,555	$	4,663,218	$	-159,166,337
	Net increase in cash and cash equivalents	$	41,135,452	$	-	$	41,135,452
		Nine Months Ended September 30, 2012
		As Previously
		Reported		Adjustment		As Restated
	Operating Activities
	Net income	$	12,303,761	$	-1,815,042	$	10,488,719
	Net cash provided by operating activities	$	6,736,131	$	-1,815,042	$	4,921,089
	Investing Activities
	Investments in loan participation interests - related party	$	-8,671,930	$	39,062	$	-8,632,868
	Investments in notes receivable	$	-115,384,265	$	1,780,704	$	-113,603,561
	Investments in notes receivable - related party	$	-9,753,066	$	-4,724	$	-9,757,790
	Net cash used in investing activities	$	-99,354,847	$	1,815,042	$	-97,539,805
	Net increase in cash and cash equivalents	$	18,082,854	$	-	$	18,082,854

Loans_and_Allowance_for_Credit1

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2013
Receivables [Abstract]	'
Schedule Of Notes and Loans Receivable [Table Text Block]	'
	All information in this footnote has been revised to reflect the effects of the Restatement described in Note C above.
	Our aggregate loan portfolio is comprised of 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.
			September 30, 2013		December 31, 2012
	Loan participation interest – related parties		$	30,660,000	$	29,393,000
	Notes receivable, net			386,555,000		239,973,000
	Notes receivable – related parties			31,242,000		27,786,000
	Total		$	448,457,000	$	297,152,000
Schedule Of Classification Of Loan Receivable [Table Text Block]	'
	Our loans are classified as follows:
			September 30, 2013		December 31, 2012
	Real Estate:
	Construction, acquisition and land development		$	453,932,000	$	300,151,000
	Allowance for loan losses			-3,196,000		-1,766,000
	Unamortized commitment fees			-2,279,000		-1,233,000
	Total		$	448,457,000	$	297,152,000
Schedule Of Maturity Date Of Outstanding Loan Receivable [Table Text Block]	'
	The following table represents the scheduled maturity dates of the 100 loans outstanding as of September 30, 2013:
			Related Party							Non-related party									Total
	Maturity Date		Amount		Loans		% of Total			Amount		Loans			%  of Total				Amount			Loans			% of Total
	Matured		$	-		-		-		$	-			-		-			$	-			-			-
	2013			8,895,000		6		14	%		52,256,000			10		13	%			61,151,000			16			14	%
	2014			25,722,000		7		42	%		211,394,000			24		54	%			237,116,000			31			52	%
	2015			17,595,000		3		28	%		66,990,000			20		17	%			84,585,000			23			19	%
	2016			9,903,000		1		16	%		55,500,000			25		14	%			65,403,000			26			14	%
	2017			-		-		-			5,677,000			4		2	%			5,677,000			4			1	%
	Total		$	62,115,000		17		100	%	$	391,817,000			83		100	%		$	453,932,000			100			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 Date		Amount		Loans		% of Total			Amount			Loans		% of Total				Amount			Loans			% of 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 nine months ended September 30, 2013 and the loans that matured during the nine months ended September 30, 2013 and remained matured as of September 30, 2013:
	Maturity Date		Amount		Loans		% of Total			Matured Loan			Net Activity During the		Loans Matured During			Amount			Loans			% of Total
										Extensions During the			Nine Months Ended		the Nine Months Ended
										Nine Months Ended			September 30, 2013 on		September 30, 2013 (3)
										September 30, 2013 on			Loans Matured as of
										Loans Matured as of			December 31, 2012 (2)
										December 31, 2012 (1)
			Non-Related
			Matured as of December 31, 2012							2013 Activity (4)								Matured as of September 30, 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 nine months ended September 30, 2013.
	-2	For loans matured as of December 31, 2012, net loan activity represents all activity on the loans during the nine months ended September 30, 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 nine months ended September 30, 2013 and remained matured as of September 30, 2013.
	-4	The table does not reflect activity for loans that matured or were due to mature during the nine months ended September 30, 2013, but were extended on or prior to September 30, 2013.
Schedule Of Credit Quality Of Assets [Table Text Block]	'
	As of the dates indicated, our loans were classified as follows:
			September 30, 2013		December 31, 2012
	Level 1		$	453,932,000	$	300,151,000
	Level 2			-		-
	Level 3			-		-
	Total		$	453,932,000	$	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 nine months ended September 30, 2013 and the year ended December 31, 2012, which is offset against notes receivable:
			For the Nine Months		For the Year Ended
			Ended September 30, 2013		December 31, 2012
	Balance, beginning of year		$	1,766,000	$	675,000
	Provision for loan losses			1,430,000		1,091,000
	Charge-offs			-		-
	Balance, end of period		$	3,196,000	$	1,766,000

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 2013, we have made the following distributions to our shareholders in 2013:
	Period Ended			Date Paid	Distribution
					Amount
	31-Dec-12			16-Jan-13	$	2,385,000
	14-Dec-12			15-Feb-13		856,000
	31-Jan-13			22-Feb-13		2,494,000
	28-Feb-13			22-Mar-13		2,353,000
	31-Mar-13			23-Apr-13		2,772,000
	15-Apr-13			17-May-13		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
					$	31,633,000
Schedule Of Sources Of Distributions to Equity Holders [Table Text Block]	'
	The distributions paid for the nine months ended September 30, 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.
			Nine months ended September 30,
			2013						2012
	Distributions paid in cash		$	19,893,000					$	7,942,000
	Distributions reinvested			11,740,000						4,570,000
	Total distributions		$	31,633,000					$	12,512,000
	Source of distributions:
	Cash from operations		$	13,448,000		43	%		$	4,921,000	39	%
	Borrowings under credit facilities			-		-				7,591,000	61	%
	Proceeds from Offering			18,185,000		57	%			-	-
	Total sources		$	31,633,000		100	%		$	12,512,000	100	%

Share_Redemption_Program_Table

Share Redemption Program (Tables)	9 Months Ended
	Sep. 30, 2013
Unit Redemption Program [Abstract]	'
Schedule Of Redemption Activity Of Shares [Table Text Block]	'
	The following table summarizes the redemption activity for the nine months ended September 30, 2013 and the year ended December 31, 2012. The amounts presented are in total shares:
		September 30, 2013		December 31, 2012
	Balance, beginning of year		-		-
	Redemption requests received		74,556		96,016
	Shares redeemed		-74,556		-96,016
	Balance, end of period		-		-

Real_Estate_Owned_Tables

Real Estate Owned (Tables)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2013 and the year ended December 31, 2012.
		September 30, 2013		December 31, 2012
	Real estate owned, beginning of period	$	-	-
	Purchases of lots		8,225,000	-
	Sales of lots		-195,000	-
	Real estate owned, end of period	$	8,030,000	-

Notes_Payable_and_Lines_of_Cre1

Notes Payable and Lines of Credit (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Schedule Of Notes Payable Balances [Table Text Block]	'
	The table below summarizes the approximate outstanding balance of our notes payable and each of our lines of credit as of the date indicated:
	Facility	September 30, 2013		December 31, 2012
	Credit Facility	$	-	$	5,096,000
	UDF IV HF CTB LOC		-		6,000,000
	CTB Revolver		-		8,000,000
	UTB Revolver		3,592,000		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		-		-
	Total	$	3,592,000	$	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 Three Months Ended September 30,				For the Nine Months Ended September 30,
	Facility	2013		2012		2013		2012
	Credit Facility	$	-	$	105,000	$	165,000	$	390,000
	UDF IV HF CTB LOC		-		45,000		147,000		116,000
	CTB Revolver		-		80,000		190,000		238,000
	UTB Revolver		52,000		55,000		155,000		166,000
	F&M Loan		11,000		73,000		153,000		221,000
	Legacy Revolver		1,000		5,000		4,000		31,000
	Veritex Revolver		31,000		1,000		138,000		1,000
	Affiliated Bank Loan		-		-		-		-
	UDF IV Fin VII Legacy LOC		-		-		-		-
	UDF IV Fin VI CTB LOC		-		-		-		-
	Total interest expense	$	95,000	$	364,000	$	952,000	$	1,163,000

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 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 Three Months Ended September 30,						For the Nine Months Ended September 30,
	Facility	2013			2012			2013			2012
	UDF IV HF CTB LOC	$	17,000		$	7,000		$	35,000		$	19,000
	Credit Facility		7,000			5,000			13,000			15,000
	F&M Loan		5,000			16,000			16,000			48,000
	CTB Revolver		25,000			12,000			106,000			31,000
	UTB Revolver		3,000			4,000			8,000			11,000
	Legacy Revolver		-			12,000			4,000			37,000
	Veritex Revolver		6,000			2,000			15,000			2,000
	Affiliated Bank Loan		5,000			-			5,000			-
	UDF IV Fin VII Legacy LOC		8,000			-			8,000			-
	UDF IV Fin VI CTB LOC		21,000			-			21,000			-
	Total	$	97,000		$	58,000		$	231,000		$	163,000
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 L.  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 Three Months Ended September 30,						For the Nine Months Ended September 30,
	Line of Credit	2013			2012			2013			2012
	UDF IV HF CTB LOC	$	16,000		$	15,000		$	48,000		$	45,000
	CTB Revolver		-			14,000			33,000			42,000
	F&M Loan		-			14,000			28,000			44,000
	UDF IV Fin VI CTB LOC		-			-			-			-
	Total	$	16,000		$	43,000		$	109,000		$	131,000
Schedule Of Related Party Payments [Table Text Block]	'
	The chart below summarizes the approximate payments to related parties for the nine months ended September 30, 2013 and the year ended December 31, 2012:
	Payee	Purpose		For the Nine Months Ended							For the Year Ended
				30-Sep-13							31-Dec-12
	UMTH GS
		O&O Reimbursement		$	8,167,000			39	%		$	5,878,000			38	%
		Advisory Fees			5,370,000			25	%			3,924,000			26	%
		Debt Financing Fees			301,000			1	%			148,000			1	%
	UMTH LD
		Acquisition and Origination Fees			7,125,000			34	%			5,155,000			34	%
	UDF III
		Credit Enhancement Fees			132,000			1	%			115,000			1	%
	Total Payments			$	21,095,000			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 nine months ended September 30, 2013 and 2012:
		For the Three Months Ended September 30,
	Purpose	2013							2012
	Advisory Fees	$	2,177,000			100	%		$	1,125,000			100	%
	Total Advisory fee – related party	$	2,177,000			100	%		$	1,125,000			100	%
	Amortization of Debt Financing Fees	$	97,000			3	%		$	58,000			5	%
	Acquisition and Origination Fees		2,707,000			96	%			989,000			91	%
	Credit Enhancement Fees		16,000			1	%			43,000			4	%
	Total General and administrative – related parties	$	2,820,000			100	%		$	1,090,000			100	%
	The chart below summarizes the approximate expenses associated with related parties for the nine months ended September 30, 2013 and 2012:
		For the Nine Months Ended September 30,
	Purpose	2013						2012
	Advisory Fees	$	5,654,000		100	%		$	2,812,000		100	%
	Total Advisory fee – related party	$	5,654,000		100	%		$	2,812,000		100	%
	Amortization of Debt Financing Fees	$	231,000		4	%		$	163,000		6	%
	Acquisition and Origination Fees		5,933,000		95	%			2,400,000		89	%
	Credit Enhancement Fees		109,000		1	%			131,000		5	%
	Total General and administrative – related parties	$	6,273,000		100	%		$	2,694,000		100	%
Schedule Of Related Party Interest On Participation [Table Text Block]	'
	The table 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	September 30, 2013			December 31, 2012
	Buffington Participation Agreements	$	2,825,000		$	7,203,000
	Buffington Lot Participation Agreements		355,000			499,000
	TR Finished Lot Participation		3,595,000			3,560,000
	TR Paper Lot Participation		12,864,000			10,620,000
	Carrollton Participation Agreement		-			817,000
	165 Howe Participation Agreement		381,000			1,289,000
	Pine Trace Participation Agreement		5,391,000			5,193,000
	Northpointe Participation Agreement		1,615,000			212,000
	Northpointe II Participation Agreement		3,634,000			-
	Total	$	30,660,000		$	29,393,000
Schedule Of Accounts Receivable, Loan Participation Interest Related Parties [Table Text Block]	'
	The table 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	September 30, 2013			December 31, 2012
	Buffington Participation Agreements	$	-		$	-
	Buffington Lot Participation Agreements		9,000			20,000
	TR Finished Lot Participation		44,000			175,000
	TR Paper Lot Participation		-			401,000
	Carrollton Participation Agreement		-			4,000
	165 Howe Participation Agreement		10,000			21,000
	Pine Trace Participation Agreement		354,000			134,000
	Northpointe Participation Agreement		93,000			-
	Northpointe II Participation Agreement		-			-
	Total	$	510,000		$	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 Three Months Ended September 30,						For the Nine Months Ended September 30,
	Loan Name	2013			2012			2013			2012
	Buffington Participation Agreements	$	33,000		$	218,000		$	341,000		$	657,000
	Buffington Lot Participation Agreements		12,000			26,000			45,000			41,000
	TR Finished Lot Participation		136,000			115,000			403,000			321,000
	TR Paper Lot Participation		418,000			349,000			1,218,000			1,041,000
	Carrollton Participation Agreement		-			37,000			28,000			144,000
	165 Howe Participation Agreement		12,000			38,000			80,000			122,000
	Pine Trace Participation Agreement		177,000			163,000			520,000			225,000
	Northpointe Participation Agreement		49,000			28,000			93,000			38,000
	Northpointe II Participation Agreement		107,000			-			151,000			-
	Total	$	944,000		$	974,000		$	2,879,000		$	2,589,000
Schedule Of Related Party Notes Receivable [Table Text Block]	'
	The table below summarizes the approximate outstanding balance of each of our loans included in notes receivable – related parties as of the date indicated:
	Loan Name	30-Sep-13			31-Dec-12
	HLL Indian Springs Loan	$	-		$	1,460,000
	Buffington Classic CL		-			399,000
	HLL II Highland Farms Loan		1,404,000			1,478,000
	HLL Hidden Meadows Loan		10,058,000			9,017,000
	Ash Creek Loan		2,056,000			2,500,000
	UDF TX Two Loan		498,000			3,183,000
	UDF PM Loan		3,379,000			892,000
	HLL IS Loan		4,158,000			3,111,000
	One KR Loan		9,903,000			6,009,000
	Total	$	31,456,000		$	28,049,000
Schedule Of Accounts Receivable, Notes Receivable - Related Parties [Table Text Block]	'
	The table 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	30-Sep-13			31-Dec-12
	HLL Indian Springs Loan	$	-		$	2,000
	Buffington Classic CL		-			4,000
	HLL II Highland Farms Loan		121,000			-
	HLL Hidden Meadows Loan		686,000			853,000
	Ash Creek Loan		55,000			60,000
	UDF TX Two Loan		-			81,000
	UDF PM Loan		216,000			11,000
	HLL IS Loan		386,000			35,000
	One KR Loan		539,000			13,000
	Total	$	2,003,000		$	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 Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
	Loan Name	2013			2012			2013			2012
	HLL Indian Springs Loan	$	-		$	61,000		$	8,000		$	112,000
	Buffington Classic CL		-			34,000			5,000			229,000
	HLL II Highland Farms Loan		46,000			44,000			136,000			130,000
	HLL Hidden Meadows Loan		330,000			295,000			956,000			737,000
	Ash Creek Loan		68,000			79,000			223,000			185,000
	UDF TX Two Loan		18,000			11,000			189,000			11,000
	UDF PM Loan		105,000			-			205,000			-
	HLL IS Loan		130,000			-			350,000			-
	One KR Loan		258,000			-			703,000			-
	Total	$	955,000		$	524,000		$	2,775,000		$	1,404,000
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 Three Months Ended September 30,						For the Nine Months Ended September 30,
	Loan	2013			2012			2013			2012
	HLL II Highland Farms Loan	$	-		$	2,000		$	2,000		$	6,000
	HLL Hidden Meadows Loan		6,000			6,000			19,000			19,000
	Ash Creek Loan		-			2,000			-			7,000
	HLL IS Loan		5,000			-			16,000			-
	One KR Loan		13,000			-			38,000			-
	Total	$	24,000		$	10,000		$	75,000		$	32,000

Nature_of_Business_Details_Tex

Nature of Business (Details Textual)	9 Months Ended
	Sep. 30, 2013
UDF IV OP [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	100.00%
UMTH LD [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	0.00%
UDF IV HF [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FI [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FII [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV AC [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FIII [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin IV [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin V [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin VI [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin VII [Member]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV LB I [Member]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV LB II [Member]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV Woodcreek [Member]	'
Equity Method Investment, Ownership Percentage	100.00%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Loan Participation Interests, Terms and Manner of Settlement	'the participations have terms ranging from 7 to 12 months and bear interest at rates ranging from 11.5% to 15%.	'
Notes Receivable (Including Related Party), Terms and Manner of Settlement	'the notes have terms ranging from 5 to 48 months and bear interest at rates ranging from 11% to 15%.	'
Unamortized Commitment Fees Included In Notes Receivable	$2,100,000	$970,000
Unamortized Commitment Fees Included In Notes Receivable Related Party	$188,000	$263,000
Acquisition and Origination Fee Payable, Percentage	3.00%	'
Option Fee Percentage	13.00%	'
Minimum [Member]	'	'
Loan Participation Interest, Rate	11.50%	'
Notes Receivable Interest, Rate	11.00%	'
Option Agreements Term	'18 months	'
Maximum [Member]	'	'
Loan Participation Interest, Rate	15.00%	'
Notes Receivable Interest, Rate	15.00%	'
Option Agreements Term	'24 months	'

Restatement_Details

Restatement (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets	'	'
Loan participation interest - related parties, net	$30,659,770	$29,393,316
Notes receivable, net	386,554,571	239,972,601
Notes receivable - related parties, net	31,242,207	27,786,215
Total assets	539,428,548	336,479,067
Liabilities and Shareholders' Equity	'	'
Accumulated deficit	-23,037,559	-11,455,079
Total liabilities and shareholders' equity	539,428,548	336,479,067
Scenario, Previously Reported [Member]	'	'
Assets	'	'
Loan participation interest - related parties, net	31,198,286	29,743,602
Notes receivable, net	397,649,546	246,450,255
Notes receivable - related parties, net	32,664,041	29,350,382
Total assets	552,483,873	344,871,174
Liabilities and Shareholders' Equity	'	'
Accumulated deficit	-9,982,234	-3,062,972
Total liabilities and shareholders' equity	552,483,873	344,871,174
Restatement Adjustment [Member]	'	'
Assets	'	'
Loan participation interest - related parties, net	-538,516	-350,286
Notes receivable, net	-11,094,975	-6,477,654
Notes receivable - related parties, net	-1,421,834	-1,564,167
Total assets	-13,055,325	-8,392,107
Liabilities and Shareholders' Equity	'	'
Accumulated deficit	-13,055,325	-8,392,107
Total liabilities and shareholders' equity	($13,055,325)	($8,392,107)

Restatement_Details_1

Restatement (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
General and administrative - related parties	$2,820,065	$1,090,321	$6,272,763	$2,693,578
Total noninterest expense	5,814,420	2,463,319	13,410,928	6,209,681
Net income	7,680,313	4,289,887	20,656,380	10,488,719
Net income per weighted average share outstanding (in dollars per share)	$0.24	$0.33	$0.80	$1
Scenario, Previously Reported [Member]	'	'	'	'
General and administrative - related parties	606,745	330,158	1,609,545	878,536
Total noninterest expense	3,601,100	1,703,156	8,747,710	4,394,639
Net income	9,893,633	5,050,050	25,319,598	12,303,761
Net income per weighted average share outstanding (in dollars per share)	$0.31	$0.39	$0.99	$1.17
Restatement Adjustment [Member]	'	'	'	'
General and administrative - related parties	2,213,320	760,163	4,663,218	1,815,042
Total noninterest expense	2,213,320	760,163	4,663,218	1,815,042
Net income	($2,213,320)	($760,163)	($4,663,218)	($1,815,042)
Net income per weighted average share outstanding (in dollars per share)	($0.07)	($0.06)	($0.19)	($0.17)

Restatement_Details_2

Restatement (Details 2) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Operating Activities	'	'	'	'
Net income	$7,680,313	$4,289,887	$20,656,380	$10,488,719
Net cash provided by operating activities	'	'	13,448,317	4,921,089
Investing Activities	'	'	'	'
Investments in loan participation interests - related party	'	'	13,248,659	8,632,868
Investments in notes receivable	'	'	213,648,400	113,603,561
Investments in notes receivable - related party	'	'	11,605,997	9,757,790
Net cash used in investing activities	'	'	-159,166,337	-97,539,805
Net increase in cash and cash equivalents	'	'	41,135,452	18,082,854
Scenario, Previously Reported [Member]	'	'	'	'
Operating Activities	'	'	'	'
Net income	9,893,633	5,050,050	25,319,598	12,303,761
Net cash provided by operating activities	'	'	18,111,535	6,736,131
Investing Activities	'	'	'	'
Investments in loan participation interests - related party	'	'	-13,436,889	-8,671,930
Investments in notes receivable	'	'	-218,265,721	-115,384,265
Investments in notes receivable - related party	'	'	-11,463,664	-9,753,066
Net cash used in investing activities	'	'	-163,829,555	-99,354,847
Net increase in cash and cash equivalents	'	'	41,135,452	18,082,854
Restatement Adjustment [Member]	'	'	'	'
Operating Activities	'	'	'	'
Net income	-2,213,320	-760,163	-4,663,218	-1,815,042
Net cash provided by operating activities	'	'	-4,663,218	-1,815,042
Investing Activities	'	'	'	'
Investments in loan participation interests - related party	'	'	188,230	39,062
Investments in notes receivable	'	'	4,617,321	1,780,704
Investments in notes receivable - related party	'	'	-142,333	-4,724
Net cash used in investing activities	'	'	4,663,218	1,815,042
Net increase in cash and cash equivalents	'	'	$0	$0

Registration_Statement_Details

Registration Statement (Details Textual) (USD $)

1 Months Ended

19 Months Ended

27 Months Ended

1 Months Ended

Oct. 31, 2012

Nov. 30, 2009

Jun. 30, 2011

Sep. 30, 2013

3-May-13

Oct. 19, 2012

Nov. 12, 2009

Apr. 30, 2013

Oct. 31, 2012

Nov. 30, 2009

3-May-13

Apr. 19, 2013

Oct. 19, 2012

Nov. 12, 2009

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

'

'

'

'

'

20,000,000

25,000,000

'

'

'

'

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_Credit2

Loans and Allowance for Credit Losses (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Loan participation interest - related parties	$30,659,770	$29,393,316
Notes receivable, net	386,554,571	239,972,601
Notes receivable - related parties	31,242,207	27,786,215
Total	$448,457,000	$297,152,000

Loans_and_Allowance_for_Credit3

Loans and Allowance for Credit Losses (Details 1) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Real Estate:	'	'
Construction, acquisition and land development	$453,932,000	$300,151,000
Allowance for loan losses	-3,196,000	-1,766,000
Unamortized commitment fees	-2,279,000	-1,233,000
Total	$448,457,000	$297,152,000

Loans_and_Allowance_for_Credit4

Loans and Allowance for Credit Losses (Details 2) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Construction, acquisition and land development	$453,932,000	$300,151,000
Notes and Loan Receivable Outstanding, Number	100	68
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Related Party [Member]	'	'
Construction, acquisition and land development	62,115,000	57,443,000
Notes and Loan Receivable Outstanding, Number	17	18
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Non Related Party [Member]	'	'
Construction, acquisition and land development	391,817,000	242,708,000
Notes and Loan Receivable Outstanding, Number	83	50
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Matured [Member]	'	'
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]	'	'
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]	'	'
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]	'	'
Construction, acquisition and land development	61,151,000	106,217,000
Notes and Loan Receivable Outstanding, Number	16	29
Percentage Of Notes and Loan Receivable Outstanding	14.00%	35.00%
Maturity Date 2013 [Member] | Related Party [Member]	'	'
Construction, acquisition and land development	8,895,000	34,414,000
Notes and Loan Receivable Outstanding, Number	6	12
Percentage Of Notes and Loan Receivable Outstanding	14.00%	60.00%
Maturity Date 2013 [Member] | Non Related Party [Member]	'	'
Construction, acquisition and land development	52,256,000	71,803,000
Notes and Loan Receivable Outstanding, Number	10	17
Percentage Of Notes and Loan Receivable Outstanding	13.00%	30.00%
Maturity Date 2014 [Member]	'	'
Construction, acquisition and land development	237,116,000	122,222,000
Notes and Loan Receivable Outstanding, Number	31	16
Percentage Of Notes and Loan Receivable Outstanding	52.00%	41.00%
Maturity Date 2014 [Member] | Related Party [Member]	'	'
Construction, acquisition and land development	25,722,000	4,000,000
Notes and Loan Receivable Outstanding, Number	7	2
Percentage Of Notes and Loan Receivable Outstanding	42.00%	7.00%
Maturity Date 2014 [Member] | Non Related Party [Member]	'	'
Construction, acquisition and land development	211,394,000	118,222,000
Notes and Loan Receivable Outstanding, Number	24	14
Percentage Of Notes and Loan Receivable Outstanding	54.00%	49.00%
Maturity Date 2015 [Member]	'	'
Construction, acquisition and land development	84,585,000	65,543,000
Notes and Loan Receivable Outstanding, Number	23	21
Percentage Of Notes and Loan Receivable Outstanding	19.00%	22.00%
Maturity Date 2015 [Member] | Related Party [Member]	'	'
Construction, acquisition and land development	17,595,000	13,020,000
Notes and Loan Receivable Outstanding, Number	3	3
Percentage Of Notes and Loan Receivable Outstanding	28.00%	23.00%
Maturity Date 2015 [Member] | Non Related Party [Member]	'	'
Construction, acquisition and land development	66,990,000	52,523,000
Notes and Loan Receivable Outstanding, Number	20	18
Percentage Of Notes and Loan Receivable Outstanding	17.00%	21.00%
Maturity Date 2016 [Member]	'	'
Construction, acquisition and land development	65,403,000	6,009,000
Notes and Loan Receivable Outstanding, Number	26	1
Percentage Of Notes and Loan Receivable Outstanding	14.00%	2.00%
Maturity Date 2016 [Member] | Related Party [Member]	'	'
Construction, acquisition and land development	9,903,000	6,009,000
Notes and Loan Receivable Outstanding, Number	1	1
Percentage Of Notes and Loan Receivable Outstanding	16.00%	10.00%
Maturity Date 2016 [Member] | Non Related Party [Member]	'	'
Construction, acquisition and land development	55,500,000	0
Notes and Loan Receivable Outstanding, Number	25	0
Percentage Of Notes and Loan Receivable Outstanding	14.00%	0.00%
Maturity Date 2017 [Member]	'	'
Construction, acquisition and land development	5,677,000	'
Notes and Loan Receivable Outstanding, Number	4	'
Percentage Of Notes and Loan Receivable Outstanding	1.00%	'
Maturity Date 2017 [Member] | Related Party [Member]	'	'
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]	'	'
Construction, acquisition and land development	$5,677,000	'
Notes and Loan Receivable Outstanding, Number	4	'
Percentage Of Notes and Loan Receivable Outstanding	2.00%	'
[1]	Less than 1%

Loans_and_Allowance_for_Credit5

Loans and Allowance for Credit Losses (Details 3) (USD $)	9 Months Ended
	Sep. 30, 2013		Dec. 31, 2012
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],[2]	'
Matured Notes Receivable, Period Increase (Decrease)	-160,000	[1],[3]	'
Matured Noted Receivable, Current Year	0	[1],[4]	'
Maturity Date 2012 [Member]	'		'
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],[2]	'
Matured Notes Receivable, Period Increase (Decrease)	-160,000	[1],[3]	'
Matured Noted Receivable, Current Year	$0	[1],[4]	'
[1]	The table does not reflect activity for loans that matured or were due to mature during the nine months ended September 30, 2013, but were extended on or prior to September 30, 2013.
[2]	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 nine months ended September 30, 2013.
[3]	For loans matured as of December 31, 2012, net loan activity represents all activity on the loans during the nine months ended September 30, 2013, including accrued interest, payment of fees and expenses, charge-offs and/or repayments.
[4]	Amounts represent aggregate unpaid principal balance as of December 31, 2012 of loans that matured during the nine months ended September 30, 2013 and remained matured as of September 30, 2013.

Loans_and_Allowance_for_Credit6

Loans and Allowance for Credit Losses (Details 4) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Construction, acquisition and land development	$453,932,000	$300,151,000
Credit Quality Level 1 [Member]	'	'
Construction, acquisition and land development	453,932,000	300,151,000
Credit Quality Level 2 [Member]	'	'
Construction, acquisition and land development	0	0
Credit Quality Level 3 [Member]	'	'
Construction, acquisition and land development	$0	$0

Loans_and_Allowance_for_Credit7

Loans and Allowance for Credit Losses (Details 5) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Balance, beginning of year	$1,766,000	$675,000
Provision for loan losses	1,430,000	1,091,000
Charge-offs	0	0
Balance, end of period	$3,196,000	$1,766,000

Loans_and_Allowance_for_Credit8

Loans and Allowance for Credit Losses (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Loans Originated And Purchased Number	121	84
Loans Repaid Fully By Respective Borrower, Number	21	16
Matured Loan, Unpaid Principal Balance	'	$160,000
Matured Loan, Number	'	1
Matured Not Impaired Loan Number	'	1

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Special Distribution One [Member]	'
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]	'
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]	'
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]	'
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]	'
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]	'
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]	'
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]	'
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 $)	9 Months Ended		64 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Distributions	$31,632,925	$12,511,953	$61,100,000
December Distributions [Member]	'	'	'
Date Paid	16-Jan-13	'	'
Distributions	2,385,000	'	'
December Distributions One [Member]	'	'	'
Date Paid	15-Feb-13	'	'
Distributions	856,000	'	'
January Distributions [Member]	'	'	'
Date Paid	22-Feb-13	'	'
Distributions	2,494,000	'	'
February Distributions [Member]	'	'	'
Date Paid	22-Mar-13	'	'
Distributions	2,353,000	'	'
March Distributions [Member]	'	'	'
Date Paid	23-Apr-13	'	'
Distributions	2,772,000	'	'
April Distributions [Member]	'	'	'
Date Paid	17-May-13	'	'
Distributions	1,094,000	'	'
April Distributions One [Member]	'	'	'
Date Paid	23-May-13	'	'
Distributions	2,964,000	'	'
May Distributions [Member]	'	'	'
Date Paid	21-Jun-13	'	'
Distributions	3,800,000	'	'
June Distributions [Member]	'	'	'
Date Paid	23-Jul-13	'	'
Distributions	4,143,000	'	'
July Distributions [Member]	'	'	'
Date Paid	22-Aug-13	'	'
Distributions	4,381,000	'	'
August Distributions [Member]	'	'	'
Date Paid	21-Sep-13	'	'
Distributions	$4,391,000	'	'

Shareholders_Equity_Details_2

Shareholders' Equity (Details 2) (USD $)	9 Months Ended		64 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Distributions paid in cash	$19,893,000	$7,942,000	'
Distributions reinvested	11,740,000	4,570,000	'
Total distributions	31,632,925	12,511,953	61,100,000
Source of distributions:	'	'	'
Cash from operations	13,448,000	4,921,000	'
Borrowings under credit facilities	0	7,591,000	'
Proceeds from offering	18,185,000	0	'
Total sources	$31,633,000	$12,512,000	'
Cash from operations, percentage	43.00%	39.00%	'
Borrowings under credit facilities, percentage	0.00%	61.00%	'
Proceeds from Offering, percentage	57.00%	0.00%	'
Total sources, percentage	100.00%	100.00%	'

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textual) (USD $)	1 Months Ended		9 Months Ended		12 Months Ended	19 Months Ended	27 Months Ended	64 Months Ended
	Oct. 31, 2012	Nov. 30, 2009	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Jun. 30, 2011	Sep. 30, 2013	Sep. 30, 2013
Shares of beneficial interest, shares issued	'	'	31,857,815	'	17,624,839	'	31,857,815	31,857,815
Treasury stock, shares	'	'	199,086	'	124,531	'	199,086	199,086
Treasury Stock, Value, Acquired, Cost Method	'	'	$3,800,000	'	$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	'	'	31,632,925	12,511,953	'	'	'	61,100,000
Distributions paid in cash	'	'	19,893,000	7,942,000	'	'	'	'
Distributions reinvested	'	'	11,740,000	4,570,000	'	'	'	'
Net cash provided by operating activities	'	'	13,448,317	4,921,089	'	'	'	'
Distributions payable	'	'	2,562,161	'	1,956,226	'	2,562,161	2,562,161
Distribution Reinvestment Plan [Member]	'	'	'	'	'	'	'	'
Shares of beneficial interest, shares issued	'	'	723,617	'	534,982	'	723,617	723,617
Proceeds from Issuance or Sale of Equity	'	'	14,500,000	'	10,700,000	'	'	'
Primary Offering [Member]	'	'	'	'	'	'	'	'
Shares of beneficial interest, shares issued	'	'	30,735,813	'	17,089,857	'	30,735,813	30,735,813
Proceeds From Issuance Of Common Stock Net Of Issuance Costs	'	'	535,000,000	'	297,400,000	'	'	'
Proceeds from Issuance or Sale of Equity	'	'	614,700,000	'	341,800,000	'	'	'
Secondary Distribution Reinvestment Plan [Member]	'	'	'	'	'	'	'	'
Shares of beneficial interest, shares issued	'	'	398,385	'	'	'	398,385	398,385
Proceeds from Issuance or Sale of Equity	'	'	$7,900,000	'	'	'	'	'

Share_Redemption_Program_Detai

Share Redemption Program (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Balance, beginning of year (in shares)	0	0
Redemption requests received (in shares)	74,556	96,016
Shares redeemed (in shares)	-74,556	-96,016
Balance, end of period (in shares)	0	0

Share_Redemption_Program_Detai1

Share Redemption Program (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2013
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, Purchase Price, Percentage	92.00%
Shares Held For Two Years But Less Than Three Years [Member]	'
Share Redemption Program, Purchase Price, Percentage	94.00%
Shares Held For Three Years But Less Than Four Years [Member]	'
Share Redemption Program, Purchase Price, Percentage	96.00%
Shares Held For Four Years But Less Than Five Years [Member]	'
Share Redemption Program, Purchase Price, Percentage	98.00%

Organizational_and_Offering_Co1

Organizational and Offering Compensation (Details Textual)	9 Months Ended
	Sep. 30, 2013
Offering Compensation, Percentage	3.00%
Selling Commissions, Percentage	6.50%
Dealer Manager Fees, Percentage	3.50%

Operational_Compensation_Detai

Operational Compensation (Details Textual)	9 Months Ended
	Sep. 30, 2013
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)	9 Months Ended
	Sep. 30, 2013
Securitized Loan Pool Placement Fee Percentage	2.00%
Listing Of Common Shares In National Securities Exchange Fee Percentage	15.00%
Advisory Disposition Fee Determination Criteria	'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
Disposition Fee Payable To Affiliates Percentage On Contract Sale Price	2.00%
Maximum Total Disposition Fees	6.00%
Listing Of Common Shares In National Securities Exchange [Member]	'
Basic Percentage Of Annual Cumulative Return For Determination Of Advisory Fee	10.00%

Real_Estate_Owned_Details

Real Estate Owned (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Real estate owned, beginning of period	$0	$0
Purchases of lots	8,225,000	0
Sales of lots	-195,000	0
Real estate owned, end of period	$8,030,000	$0

Notes_Payable_and_Lines_of_Cre2

Notes Payable and Lines of Credit (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Line of Credit Facility, Amount Outstanding	$3,592,000	$33,784,000
CTB Revolver [Member]	'	'
Line of Credit Facility, Amount Outstanding	0	8,000,000
UTB Revolver [Member]	'	'
Line of Credit Facility, Amount Outstanding	3,592,000	3,801,000
Veritex Revolver [Member]	'	'
Line of Credit Facility, Amount Outstanding	0	5,036,000
Credit Facility [Member]	'	'
Line of Credit Facility, Amount Outstanding	0	5,096,000
UDF IV HF CTB LOC [Member]	'	'
Line of Credit Facility, Amount Outstanding	0	6,000,000
F&M Loan [Member]	'	'
Line of Credit Facility, Amount Outstanding	0	5,709,000
Legacy Revolver [Member]	'	'
Line of Credit Facility, Amount Outstanding	0	142,000
Affiliated Bank Loan [Member]	'	'
Line of Credit Facility, Amount Outstanding	0	0
UDF IV Fin VII Legacy LOC [Member]	'	'
Line of Credit Facility, Amount Outstanding	0	0
UDF IV Fin VI CTB LOC [Member]	'	'
Line of Credit Facility, Amount Outstanding	$0	$0

Notes_Payable_and_Lines_of_Cre3

Notes Payable and Lines of Credit (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest Expense, Total	$95,251	$364,436	$951,928	$1,163,120
CTB Revolver [Member]	'	'	'	'
Interest Expense, Total	0	80,000	190,000	238,000
UTB Revolver [Member]	'	'	'	'
Interest Expense, Total	52,000	55,000	155,000	166,000
Veritex Revolver [Member]	'	'	'	'
Interest Expense, Total	31,000	1,000	138,000	1,000
Credit Facility [Member]	'	'	'	'
Interest Expense, Total	0	105,000	165,000	390,000
UDF IV HF CTB LOC [Member]	'	'	'	'
Interest Expense, Total	0	45,000	147,000	116,000
F&M Loan [Member]	'	'	'	'
Interest Expense, Total	11,000	73,000	153,000	221,000
Legacy Revolver [Member]	'	'	'	'
Interest Expense, Total	1,000	5,000	4,000	31,000
Affiliated Bank Loan [Member]	'	'	'	'
Interest Expense, Total	0	0	0	0
UDF IV Fin VII Legacy LOC [Member]	'	'	'	'
Interest Expense, Total	0	0	0	0
UDF IV Fin VI CTB LOC [Member]	'	'	'	'
Interest Expense, Total	$0	$0	$0	$0

Notes_Payable_and_Lines_of_Cre4

Notes Payable and Lines of Credit Credit Facility (Details Textual) (Credit Facility [Member], USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Aug. 10, 2010	Feb. 05, 2010
Credit Facility [Member]	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$20	$8
Line of Credit Facility, Expiration Date	5-Feb-14	'	'

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 $)	9 Months Ended
	Sep. 30, 2013	Jul. 31, 2013	19-May-10
UDF IV HF CTB LOC [Member]	'	'	'
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 September 30, 2013) and the revolving line was increased to $10.0 million.	'	'
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	'	$30,000	'

Notes_Payable_and_Lines_of_Cre6

Notes Payable and Lines of Credit CTB Revolver (Details Textual) (CTB Revolver [Member], USD $)	9 Months Ended
	Sep. 30, 2013	Apr. 30, 2013	Apr. 11, 2013	Aug. 19, 2010
CTB Revolver [Member]	'	'	'	'
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 September 30, 2013).	'	'	'
Line of Credit Facility, Expiration Date	30-Jul-15	'	'	'
Line Of Credit Facility Origination Fee	'	$70,000	'	'
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 $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Aug. 18, 2011	Sep. 29, 2010
UTB Revolver [Member]	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$4	$3.40
Line of Credit Facility, Expiration Date	29-Sep-13	'	'

Notes_Payable_and_Lines_of_Cre8

Notes Payable and Lines of Credit F and M Loan (Details Textual) (F&M Loan [Member], USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 04, 2012	Dec. 14, 2010
Line Of Credit Facility Borrowing Capacity	'	$10	$5
Line of Credit Facility, Expiration Date	14-Dec-14	'	'
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'	'
Subsequent Event [Member]	'	'	'
Line Of Credit Facility Borrowing Capacity	15	'	'

Notes_Payable_and_Lines_of_Cre9

Notes Payable and Lines of Credit Legacy Revolver (Details Textual) (Legacy Revolver [Member], USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Nov. 01, 2011
Legacy Revolver [Member]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5
Line of Credit Facility, Expiration Date	12-Jan-15	'

Recovered_Sheet1

Notes Payable and Lines of Credit Veritex Revolver (Details Textual) (Veritex Revolver [Member], USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Jul. 31, 2012
Veritex Revolver [Member]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5.30
Line of Credit Facility, Expiration Date	31-Jul-15	'

Recovered_Sheet2

Notes Payable and Lines of Credit Affiliated Bank Loan (Details Textual) (Affiliated Bank Loan [Member], USD $)	9 Months Ended
	Sep. 30, 2013	Jul. 23, 2013
Affiliated Bank Loan [Member]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5,500,000
Line of Credit Facility, Interest Rate Description	'The interest rate under the Affiliated Bank Loan is equal to the greater of prime plus 1% or 5% per annum (5% at September 30, 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 $)	9 Months Ended
	Sep. 30, 2013	Aug. 05, 2013
UDF IV Fin VII Legacy LOC [Member]	'	'
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 September 30, 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 $)	9 Months Ended
	Sep. 30, 2013	Aug. 19, 2013
UDF IV Fin VI CTB LOC [Member]	'	'
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 September 30, 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%	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details Textual) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Jun. 26, 2009

Sep. 30, 2013

Dec. 31, 2011

Sep. 30, 2012

Jul. 22, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

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]

Stoneleigh Construction Loan Guaranty [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]

Line Of Credit Facility Guaranty Amount

'

'

'

'

$6,300,000

'

$25,000,000

'

$15,000,000

'

'

'

'

'

'

Line Of Credit Facility Guaranty Outstanding

'

'

5,500,000

6,200,000

'

'

'

'

'

6,200,000

'

6,200,000

'

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

10

7

'

'

'

'

'

'

'

'

'

'

'

'

'

Guarantee Obligations Credit Risk

66,000,000

51,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Guarantees Outstanding, Borrowed Value

18,200,000

27,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Commitment Fee Income Related Party

'

'

'

'

'

'

'

'

'

15,000

2,000

68,000

2,000

'

'

Line Of Credit Facility, Credit Enhancement Fee, Percentage

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

Accounts Receivable, Related Parties

$3,081,727

$1,980,274

'

'

'

'

'

'

'

$15,000

'

$15,000

'

$14,000

'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Amortization of Other Deferred Charges	'	'	$520,697	$433,181
UDF IV HF CTB LOC [Member]	'	'	'	'
Amortization of Other Deferred Charges	17,000	7,000	35,000	19,000
Credit Facility [Member]	'	'	'	'
Amortization of Other Deferred Charges	7,000	5,000	13,000	15,000
F&M Loan [Member]	'	'	'	'
Amortization of Other Deferred Charges	5,000	16,000	16,000	48,000
CTB Revolver [Member]	'	'	'	'
Amortization of Other Deferred Charges	25,000	12,000	106,000	31,000
UTB Revolver [Member]	'	'	'	'
Amortization of Other Deferred Charges	3,000	4,000	8,000	11,000
Legacy Revolver [Member]	'	'	'	'
Amortization of Other Deferred Charges	0	12,000	4,000	37,000
Veritex Revolver [Member]	'	'	'	'
Amortization of Other Deferred Charges	6,000	2,000	15,000	2,000
Affiliated Bank Loan [Member]	'	'	'	'
Amortization of Other Deferred Charges	5,000	0	5,000	0
UDF IV Fin VII Legacy LOC [Member]	'	'	'	'
Amortization of Other Deferred Charges	8,000	0	8,000	0
UDF IV Fin VI CTB LOC [Member]	'	'	'	'
Amortization of Other Deferred Charges	21,000	0	21,000	0
Related Party Expenses [Member]	'	'	'	'
Amortization of Other Deferred Charges	$97,000	$58,000	$231,000	$163,000

Related_Party_Transactions_Det1

Related Party Transactions (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	$2,820,065	$1,090,321	$6,272,763	$2,693,578
Credit Enhancement [Member]	'	'	'	'
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	16,000	43,000	109,000	131,000
Credit Enhancement [Member] | UDF IV HF CTB LOC [Member]	'	'	'	'
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	16,000	15,000	48,000	45,000
Credit Enhancement [Member] | CTB Revolver [Member]	'	'	'	'
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	0	14,000	33,000	42,000
Credit Enhancement [Member] | F&M Loan [Member]	'	'	'	'
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	0	14,000	28,000	44,000
Credit Enhancement [Member] | UDF IV Fin VI CTB LOC [Member]	'	'	'	'
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	$0	$0	$0	$0

Related_Party_Transactions_Det2

Related Party Transactions (Details 2) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Related Party Transaction, Amounts of Transaction	$21,095,000	$15,220,000
Related Party Transaction Payment Percentage	100.00%	100.00%
UMTH GS [Member] | Payment Of O&O Reimbursement [Member]	'	'
Related Party Transaction, Amounts of Transaction	8,167,000	5,878,000
Related Party Transaction Payment Percentage	39.00%	38.00%
UMTH GS [Member] | Advisory Fees [Member]	'	'
Related Party Transaction, Amounts of Transaction	5,370,000	3,924,000
Related Party Transaction Payment Percentage	25.00%	26.00%
UMTH GS [Member] | Debt Financing Fees [Member]	'	'
Related Party Transaction, Amounts of Transaction	301,000	148,000
Related Party Transaction Payment Percentage	1.00%	1.00%
UMTH LD [Member] | Acquisition and Origination Fees [Member]	'	'
Related Party Transaction, Amounts of Transaction	7,125,000	5,155,000
Related Party Transaction Payment Percentage	34.00%	34.00%
UDF III [Member] | Credit Enhancement Fees [Member]	'	'
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		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Advisory Fees	$2,177,262	$1,125,107	$5,653,507	$2,811,720
Total Advisory fee - related party	2,177,262	1,125,107	5,653,507	2,811,720
Total General and Administrative - related parties	2,820,065	1,090,321	6,272,763	2,693,578
Advisory Fees, Percentage	100.00%	100.00%	100.00%	100.00%
Total Advisory fee - related party, Percentage	100.00%	100.00%	100.00%	100.00%
Total General and Administrative - related parties, Percentage	100.00%	100.00%	100.00%	100.00%
Amortization Of Debt Financing Fees [Member]	'	'	'	'
Total General and Administrative - related parties	97,000	58,000	231,000	163,000
Total General and Administrative - related parties, Percentage	3.00%	5.00%	4.00%	6.00%
Acquisition and Origination Fees [Member]	'	'	'	'
Total General and Administrative - related parties	2,707,000	989,000	5,933,000	2,400,000
Total General and Administrative - related parties, Percentage	96.00%	91.00%	95.00%	89.00%
Credit Enhancement Fees [Member]	'	'	'	'
Total General and Administrative - related parties	$16,000	$43,000	$109,000	$131,000
Total General and Administrative - related parties, Percentage	1.00%	4.00%	1.00%	5.00%

Related_Party_Transactions_Det4

Related Party Transactions (Details 4) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Balance Of Participation Related Party	$30,660,000	$29,393,000
Buffington Participation Agreements [Member]	'	'
Balance Of Participation Related Party	2,825,000	7,203,000
Buffington Lot Participation Agreements [Member]	'	'
Balance Of Participation Related Party	355,000	499,000
TR Finished Lot Participation [Member]	'	'
Balance Of Participation Related Party	3,595,000	3,560,000
TR Paper Lot Participation [Member]	'	'
Balance Of Participation Related Party	12,864,000	10,620,000
Carrollton Participation Agreement [Member]	'	'
Balance Of Participation Related Party	0	817,000
165 Howe Participation Agreement [Member]	'	'
Balance Of Participation Related Party	381,000	1,289,000
Pine Trace Participation Agreement [Member]	'	'
Balance Of Participation Related Party	5,391,000	5,193,000
Northpointe Participation Agreement [Member]	'	'
Balance Of Participation Related Party	1,615,000	212,000
Northpointe II Participation Agreement [Member]	'	'
Balance Of Participation Related Party	$3,634,000	$0

Related_Party_Transactions_Det5

Related Party Transactions (Details 5) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Accounts Receivable,Related Parties	$3,081,727	$1,980,274
Loan Participation Interest - Related Parties [Member]	'	'
Accounts Receivable,Related Parties	510,000	755,000
Buffington Participation Agreements [Member]	'	'
Accounts Receivable,Related Parties	0	0
Buffington Lot Participation Agreements [Member]	'	'
Accounts Receivable,Related Parties	9,000	20,000
TR Finished Lot Participation [Member]	'	'
Accounts Receivable,Related Parties	44,000	175,000
TR Paper Lot Participation [Member]	'	'
Accounts Receivable,Related Parties	0	401,000
Carrollton Participation Agreement [Member]	'	'
Accounts Receivable,Related Parties	0	4,000
165 Howe Participation Agreement [Member]	'	'
Accounts Receivable,Related Parties	10,000	21,000
Pine Trace Participation Agreement [Member]	'	'
Accounts Receivable,Related Parties	354,000	134,000
Northpointe Participation Agreement [Member]	'	'
Accounts Receivable,Related Parties	93,000	0
Northpointe II Participation Agreement [Member]	'	'
Accounts Receivable,Related Parties	$0	$0

Related_Party_Transactions_Det6

Related Party Transactions (Details 6) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest income - related parties	$1,899,165	$1,497,516	$5,653,989	$3,993,398
Loan Participation Interest - Related Parties [Member]	'	'	'	'
Interest income - related parties	944,000	974,000	2,879,000	2,589,000
Buffington Participation Agreements [Member]	'	'	'	'
Interest income - related parties	33,000	218,000	341,000	657,000
Buffington Lot Participation Agreements [Member]	'	'	'	'
Interest income - related parties	12,000	26,000	45,000	41,000
TR Finished Lot Participation [Member]	'	'	'	'
Interest income - related parties	136,000	115,000	403,000	321,000
TR Paper Lot Participation [Member]	'	'	'	'
Interest income - related parties	418,000	349,000	1,218,000	1,041,000
Carrollton Participation Agreement [Member]	'	'	'	'
Interest income - related parties	0	37,000	28,000	144,000
165 Howe Participation Agreement [Member]	'	'	'	'
Interest income - related parties	12,000	38,000	80,000	122,000
Pine Trace Participation Agreement [Member]	'	'	'	'
Interest income - related parties	177,000	163,000	520,000	225,000
Northpointe Participation Agreement [Member]	'	'	'	'
Interest income - related parties	49,000	28,000	93,000	38,000
Northpointe II Participation Agreement [Member]	'	'	'	'
Interest income - related parties	$107,000	$0	$151,000	$0

Related_Party_Transactions_Det7

Related Party Transactions (Details 7) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Balance Of Notes Receivable Related	$31,456,000	$28,049,000
HLL Indian Springs Loan [Member]	'	'
Balance Of Notes Receivable Related	0	1,460,000
Buffington Classic Construction Loan Agreements [Member]	'	'
Balance Of Notes Receivable Related	0	399,000
HLL II Highland Farms Loan [Member]	'	'
Balance Of Notes Receivable Related	1,404,000	1,478,000
HLL Hidden Meadows Loan [Member]	'	'
Balance Of Notes Receivable Related	10,058,000	9,017,000
Ash Creek Loan [Member]	'	'
Balance Of Notes Receivable Related	2,056,000	2,500,000
UDF TX Two Loan [Member]	'	'
Balance Of Notes Receivable Related	498,000	3,183,000
UDF PM Loan [Member]	'	'
Balance Of Notes Receivable Related	3,379,000	892,000
Hll IS Loan [Member]	'	'
Balance Of Notes Receivable Related	4,158,000	3,111,000
One KR Loan [Member]	'	'
Balance Of Notes Receivable Related	$9,903,000	$6,009,000

Related_Party_Transactions_Det8

Related Party Transactions (Details 8) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Accounts Receivable, Related Parties	$3,081,727	$1,980,274
Notes Receivable - Related Parties [Member]	'	'
Accounts Receivable, Related Parties	2,003,000	1,059,000
HLL Indian Springs Loan [Member]	'	'
Accounts Receivable, Related Parties	0	2,000
Buffington Classic Construction Loan Agreements [Member]	'	'
Accounts Receivable, Related Parties	0	4,000
HLL II Highland Farms Loan [Member]	'	'
Accounts Receivable, Related Parties	121,000	0
HLL Hidden Meadows Loan [Member]	'	'
Accounts Receivable, Related Parties	686,000	853,000
Ash Creek Loan [Member]	'	'
Accounts Receivable, Related Parties	55,000	60,000
UDF TX Two Loan [Member]	'	'
Accounts Receivable, Related Parties	0	81,000
UDF PM Loan [Member]	'	'
Accounts Receivable, Related Parties	216,000	11,000
Hll IS Loan [Member]	'	'
Accounts Receivable, Related Parties	386,000	35,000
One KR Loan [Member]	'	'
Accounts Receivable, Related Parties	$539,000	$13,000

Related_Party_Transactions_Det9

Related Party Transactions (Details 9) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest Income, Related Party	$1,899,165	$1,497,516	$5,653,989	$3,993,398
Notes Receivable - Related Parties [Member]	'	'	'	'
Interest Income, Related Party	955,000	524,000	2,775,000	1,404,000
HLL Indian Springs Loan [Member]	'	'	'	'
Interest Income, Related Party	0	61,000	8,000	112,000
Buffington Classic Construction Loan Agreements [Member]	'	'	'	'
Interest Income, Related Party	0	34,000	5,000	229,000
HLL II Highland Farms Loan [Member]	'	'	'	'
Interest Income, Related Party	46,000	44,000	136,000	130,000
HLL Hidden Meadows Loan [Member]	'	'	'	'
Interest Income, Related Party	330,000	295,000	956,000	737,000
Ash Creek Loan [Member]	'	'	'	'
Interest Income, Related Party	68,000	79,000	223,000	185,000
UDF TX Two Loan [Member]	'	'	'	'
Interest Income, Related Party	18,000	11,000	189,000	11,000
UDF PM Loan [Member]	'	'	'	'
Interest Income, Related Party	105,000	0	205,000	0
Hll IS Loan [Member]	'	'	'	'
Interest Income, Related Party	130,000	0	350,000	0
One KR Loan [Member]	'	'	'	'
Interest Income, Related Party	$258,000	$0	$703,000	$0

Recovered_Sheet5

Related Party Transactions (Details 10) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Commitment Fee Income Related Parties	$38,797	$15,240	$143,817	$40,880
Origination Fees [Member]	'	'	'	'
Commitment Fee Income Related Parties	24,000	10,000	75,000	32,000
HLL II Highland Farms Loan [Member]	'	'	'	'
Commitment Fee Income Related Parties	0	2,000	2,000	6,000
Hll Hidden Meadows Loan [Member]	'	'	'	'
Commitment Fee Income Related Parties	6,000	6,000	19,000	19,000
Ash Creek Loan [Member]	'	'	'	'
Commitment Fee Income Related Parties	0	2,000	0	7,000
Hll IS Loan [Member]	'	'	'	'
Commitment Fee Income Related Parties	5,000	0	16,000	0
One KR Loan [Member]	'	'	'	'
Commitment Fee Income Related Parties	$13,000	$0	$38,000	$0

Related_Party_Transactions_OO_

Related Party Transactions O&O Reimbursement (Details Textual) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Accrued liabilities - related parties	$856,939	$6,229,710
Organization and Offering Costs [Member]	'	'
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 $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Accrued liabilities - related parties	$856,939	'	$856,939	'	$6,229,710
Advisory fee - related party	2,177,262	1,125,107	5,653,507	2,811,720	'
Average Of Invested Assets [Member]	'	'	'	'	'
Advisory Fee Percentage	'	'	2.00%	'	'
Advisory Fees [Member]	'	'	'	'	'
Accrued liabilities - related parties	782,000	'	782,000	'	499,000
Advisory fee - related party	$2,200,000	$1,100,000	$5,700,000	$2,800,000	'

Related_Party_Transactions_Acq

Related Party Transactions Acquisition and Origination Fees (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Accrued Receivable - Related Parties	$3,081,727	'	$3,081,727	'	$1,980,274
General and administrative - related parties	2,820,065	1,090,321	6,272,763	2,693,578	'
Accrued liabilities - related parties	856,939	'	856,939	'	6,229,710
Net Amount Available For Investment In Secured Loans and Other Real Estate Assets [Member]	'	'	'	'	'
Placement Fees Percentage	'	'	3.00%	'	'
Acquisition and Origination Fees [Member]	'	'	'	'	'
General and administrative - related parties	2,700,000	989,000	5,900,000	2,400,000	'
Acquisition and Origination Fees [Member] | UMTH LD [Member]	'	'	'	'	'
Accrued Receivable - Related Parties	324,000	'	324,000	'	'
Accrued liabilities - related parties	'	'	'	'	$868,000

Related_Party_Transactions_Deb

Related Party Transactions Debt Financing Fees (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Accrued liabilities - related parties	$856,939	$6,229,710
Debt Financing Fee [Member]	'	'
Accrued liabilities - related parties	$10,000	$44,000

Related_Party_Transactions_Cre

Related Party Transactions Credit Enhancement Fees (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Accrued liabilities - related parties	$856,939	$6,229,710
Credit Enhancement Fees [Member]	'	'
Accrued liabilities - related parties	'	$11,000

Related_Party_Transactions_Loa

Related Party Transactions Loan Participation Interest Related Parties (Details Textual)	12 Months Ended					9 Months Ended
	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2009	Dec. 31, 2012	Sep. 30, 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 II Participation Agreement [Member]
Percentage Interest of Related Party Owned By Affiliated Entity	100.00%	100.00%	100.00%	100.00%	100.00%	'
Interest Rate Terms Description	'	'	'	'	'	'the lower of 12% or the highest rate allowed by law.

Related_Party_Transactions_Not

Related Party Transactions Notes Receivable Related - Parties (Details Textual) (USD $)	Jan. 18, 2010	Dec. 22, 2010	Feb. 17, 2011	Apr. 20, 2011	Dec. 31, 2011	Dec. 31, 2012	Sep. 20, 2012	Oct. 17, 2012	Nov. 29, 2012	Dec. 14, 2012
In Millions, unless otherwise specified	HLL Indian Springs Loan [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 Tx Two Loan [Member]	Udf Pm Loan [Member]	Hll IS Loan [Member]	One Kr Loan [Member]
Percentage Interest of Related Party Owned By Affiliated Entity	'	'	'	'	100.00%	50.00%	'	'	'	'
Note Receivable - Related Party Loan Amount	$1.80	$1.90	$9.90	$3	'	'	$2.90	$5.10	$6.40	$15.30

Concentration_of_Credit_Risk_D

Concentration of Credit Risk (Details Textual)	9 Months Ended
	Sep. 30, 2013
Largest Borrower And Affiliate Concentration	60.00%
Credit Risk Concentration Percentage	10.00%

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (Subsequent Event [Member], USD $)	9 Months Ended
	Sep. 30, 2013
UTB Revolver [Member]	'
Subsequent Event, Date	7-Nov-13
F&M Loan [Member]	'
Subsequent Event, Date	31-Oct-13
Line Of Credit Facility Borrowing Capacity	15,000,000
Line Of Credit Facility Origination Fee	50,000
Subsequent Event Amount Repaid	3,600,000