United Development Funding IV (UDFI) 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	5-May-14
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	'	32,227,496
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
Assets	'	'
Cash and cash equivalents	$8,566,234	$33,565,191
Restricted cash	2,386,711	2,385,535
Accrued interest receivable	20,725,408	12,747,047
Accrued receivable - related parties	2,037,993	2,607,292
Loan participation interest - related parties, net	34,542,019	32,909,958
Notes receivable, net	468,837,593	444,720,197
Notes receivable - related parties, net	34,076,234	30,854,000
Real estate owned	10,096,953	8,236,953
Other assets	2,713,561	2,836,044
Total assets	583,982,706	570,862,217
Liabilities:	'	'
Accrued liabilities	2,552,897	3,241,009
Accrued liabilities - related parties	4,665,125	3,339,143
Distributions payable	2,679,935	2,653,450
Lines of credit	40,819,896	30,519,056
Total liabilities	50,717,853	39,752,658
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Shares of beneficial interest; $0.01 par value; 400,000,000 shares authorized; 32,455,182 shares issued and 32,138,757 shares outstanding at March 31, 2014, and 32,115,232 shares issued and 31,902,325 shares outstanding at December 31, 2013	324,552	321,152
Additional paid-in-capital	567,726,641	562,442,028
Accumulated deficit	-28,520,883	-27,395,968
Shareholders' equity before treasury stock	539,530,310	535,367,212
Less: Treasury stock, 316,425 shares at March 31, 2014 and 212,907 shares at December 31, 2013, at cost	-6,265,457	-4,257,653
Total shareholders' equity	533,264,853	531,109,559
Total liabilities and shareholders' equity	$583,982,706	$570,862,217

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Mar. 31, 2014	Dec. 31, 2013
Shares of beneficial interest, par value (in dollars per share)	$0.01	$0.01
Shares of beneficial interest, shares authorized	400,000,000	400,000,000
Shares of beneficial interest, shares issued	32,455,182	32,115,232
Shares of beneficial interest, shares outstanding	32,138,757	31,902,325
Treasury stock, shares	316,425	212,907

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Interest income:	'	'
Interest income	$14,990,373	$8,385,076
Interest income - related parties	2,143,189	1,895,259
Total interest income	17,133,562	10,280,335
Interest expense:	'	'
Interest expense	363,031	474,381
Net interest income	16,770,531	9,805,954
Provision for loan losses	705,201	415,699
Net interest income after provision for loan losses	16,065,330	9,390,255
Noninterest income:	'	'
Commitment fee income	754,662	218,895
Commitment fee income - related parties	46,345	55,631
REO property sales income	2,190,000	0
Total noninterest income	2,991,007	274,526
Noninterest expense:	'	'
Advisory fee - related party	2,699,882	1,641,566
REO property sales cost	2,190,000	0
General and administrative	1,099,477	261,830
General and administrative - related parties	1,266,059	920,013
Total noninterest expense	7,255,418	2,823,409
Net income	$11,800,919	$6,841,372
Net income per weighted average share outstanding (in dollars per share)	$0.37	$0.36
Weighted average shares outstanding (in shares)	32,003,112	18,833,062
Distributions per weighted average share outstanding (in dollars per share)	$0.40	$0.42

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Activities	'	'
Net income	$11,800,919	$6,841,372
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Provision for loan losses	705,201	415,699
Amortization expense	222,879	95,738
Share-based compensation	51,506	0
Changes in assets and liabilities:	'	'
Accrued interest receivable	-7,978,361	-4,192,675
Accrued receivable - related parties	569,299	156,370
Other assets	-100,395	-128,725
Accounts payable and accrued liabilities	267,734	46,231
Net cash provided by operating activities	5,538,782	3,234,010
Investing Activities	'	'
Investments in loan participation interest - related parties	-4,214,264	-1,224,504
Principal receipts from loan participation interest - related parties	2,582,202	3,727,390
Investments in notes receivable	-58,474,785	-35,722,916
Principal receipts from notes receivable	33,652,187	8,515,633
Investments in notes receivable - related parties	-4,014,331	-5,200,346
Principal receipts from notes receivable - related parties	792,095	4,337,045
Investment in real estate owned	-3,244,050	0
Receipts from real estate owned	1,754,190	0
Net cash used in investing activities	-31,166,756	-25,567,698
Financing Activities	'	'
Proceeds from issuance of shares of beneficial interest	0	58,454,241
Investor subscriptions receivable	0	-577,477
Purchase of treasury shares	-1,921,990	-599,623
Net borrowings on lines of credit	10,300,840	-634,185
Payments on notes payable	0	-760,000
Distributions, net of shareholders’ distribution reinvestment	-7,748,657	-5,287,983
Restricted cash	-1,176	0
Payments of offering costs	0	-7,585,502
Deferred offering costs	0	1,863,818
Accrued liabilities - related parties	0	-2,367,444
Net cash provided by financing activities	629,017	42,505,845
Net (decrease) increase in cash and cash equivalents	-24,998,957	20,172,157
Cash and cash equivalents at beginning of period	33,565,191	23,225,858
Cash and cash equivalents at end of period	8,566,234	43,398,015
Supplemental Cash Flow Information:	'	'
Cash paid for interest	285,443	476,731
Supplemental Cash Flow Information - non-cash activity:	'	'
Shareholders' distribution reinvestment	5,150,692	2,800,309
Real estate purchased - earnest money	$370,140	$0

Nature_of_Business

Nature of Business	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Nature of Operations [Text Block]	'
	A. Nature of Business
	United Development Funding IV (which may be referred to as the “Trust,” “we,” “our,” or “UDF IV”) was organized on May 28, 2008 (“Inception”) as a Maryland real estate investment trust. The Trust is the sole general partner of and owns a 99.999% partnership interest in United Development Funding IV Operating Partnership, L.P. (“UDF IV OP”), a Delaware limited partnership. UMTH Land Development, L.P. (“UMTH LD”), a Delaware limited partnership and the affiliated asset manager of the Trust, is the sole limited partner and owner of 0.001% (minority interest) of the partnership interests in UDF IV OP. At March 31, 2014 and December 31, 2013, UDF IV OP had no assets, liabilities or equity.
	As of March 31, 2014, the Trust owns a 100% limited partnership interest in UDF IV Home Finance, LP (“UDF IV HF”), UDF IV Finance I, LP (“UDF IV FI”), UDF IV Finance II, LP (“UDF IV FII”), UDF IV Acquisitions, LP (“UDF IV AC”), UDF IV Finance III, LP (“UDF IV FIII”), UDF IV Finance IV, L.P. (“UDF IV Fin IV”), UDF IV Finance V, L.P. (“UDF IV Fin V”), UDF IV Finance VI, L.P. (“UDF IV Fin VI”), UDF IV Finance VII, L.P. (“UDF IV Fin VII”) and UDF IV Finance VIII, L.P. (“UDF IV Fin VIII”), all Delaware limited partnerships.
	As of March 31, 2014, the Trust is the sole member of (i) UDF IV HF Manager, LLC (“UDF IV HFM”), a Delaware limited liability company, the general partner of UDF IV HF; (ii) UDF IV Finance I Manager, LLC (“UDF IV FIM”), a Delaware limited liability company, the general partner of UDF IV FI; (iii) UDF IV Finance II Manager, LLC (“UDF IV FIIM”), a Delaware limited liability company, the general partner of UDF IV FII; (iv) UDF IV Acquisitions Manager, LLC (“UDF IV ACM”), a Delaware limited liability company, the general partner of UDF IV AC; (v) UDF IV Finance III Manager, LLC (“UDF IV FIIIM”), a Delaware limited liability company, the general partner of UDF IV FIII; (vi) UDF IV Finance IV Manager, LLC (“UDF IV FIVM”), a Delaware limited liability company, the general partner of UDF IV Fin IV; (vii) UDF IV Finance V Manager, LLC (“UDF IV FVM”), a Delaware limited liability company, the general partner of UDF IV Fin V; (viii) UDF IV Finance VI Manager, LLC (“UDF IV FVIM”), a Delaware limited liability company, the general partner of UDF IV Fin VI; (ix) UDF IV Finance VII Manager, LLC (“UDF IV FVIIM”), a Delaware limited liability company, the general partner of UDF IV Fin VII; and (x) UDF IV Finance VIII Manager, LLC (“UDF IV FVIIIM”), a Delaware limited liability company, the general partner of UDF IV Fin VIII.
	As of March 31, 2014, the Trust owns 100% of the outstanding shares of (i) UDF IV LB I, Inc. (“UDF IV LBI”), a Delaware corporation; (ii) UDF IV LB II, Inc. (“UDF IV LBII”), a Delaware corporation; (iii) UDF IV Woodcreek, Inc. (“UDF IV Woodcreek”), a Delaware corporation; (iv) UDF IV LB III, Inc. (“UDF IV LBIII”), a Delaware corporation; and (v) UDF IV LB IV, Inc. (“UDF IV LBIV”), a Delaware corporation.
	As of March 31, 2014 and December 31, 2013, UDF IV HFM, UDF IV FIM, UDF IV FIIM, UDF IV ACM, UDF IV FIIIM, UDF IV FIVM, UDF IV FVM, UDF IV FVIM, UDF IV FVIIM and UDF IV FVIIIM had no assets, liabilities, or equity.
	The Trust originates, purchases, participates in and holds for investment secured loans made directly by the Trust or indirectly through its affiliates to persons and entities for the acquisition and development of parcels of real property as single-family residential lots or mixed-use master planned residential communities, for the construction of single-family homes and for completed model homes. The Trust also makes direct investments in land for development into single-family lots, home construction and portfolios of finished lots and model homes; provides credit enhancements to real estate developers, home builders, land bankers and other real estate investors; and purchases participations in, or finances for other real estate investors the purchase of, securitized real estate loan pools and discounted cash flows secured by state, county, municipal or other similar assessments levied on real property. The Trust also may enter into joint ventures with unaffiliated real estate developers, home builders, land bankers and other real estate investors, or with other United Development Funding-sponsored programs, to originate or acquire, as the case may be, the same kind of secured loans or real estate investments the Trust may originate or acquire directly.
	UMTH General Services, L.P. (“UMTH GS” or “Advisor”), a Delaware limited partnership, is the Trust’s advisor and is responsible for managing the Trust’s affairs on a day-to-day basis. UMTH GS has engaged UMTH LD as the Trust’s asset manager. The asset manager oversees the investing and financing activities of the affiliated programs managed and advised by the Advisor and UMTH LD as well as provides recommendations to the Trust’s board of trustees regarding investments and finance transactions, management, policies and guidelines. The asset manager reviews for each investment the transaction structure and terms, underwriting, collateral, performance and risk management and also manages the Trust’s capital structure at both the entity and asset level.
	The Trust’s sole employee is its Chief Operating Officer, who was appointed on February 17, 2014. The Trust 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	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies [Text Block]	'
	B. Summary of Significant Accounting Policies
	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 generally accepted accounting principles in the United States of America (“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 2013 Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the Securities and Exchange Commission on April 15, 2014 (the “2013 10-K”). The accompanying interim consolidated financial statements should be read in conjunction with the consolidated financial statements filed in our 2013 10-K. In the opinion of management, the accompanying consolidated financial statements include all adjustments, consisting solely of normal recurring adjustments, considered necessary to present fairly our financial position as of March 31, 2014 and December 31, 2013, operating results for the three months ended March 31, 2014 and 2013, and cash flows for the three months ended March 31, 2014 and 2013. Operating results and cash flows for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.
	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 March 31, 2014, the participations have terms ranging from 12 to 31 months and bear interest at rates ranging from 12% to 15%.
	Notes Receivable and Notes Receivable – Related Parties
	As of March 31, 2014, 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, UDF IV LBII, UDF IV LBIII and UDF IV LBIV (collectively, the “UDF IV LB Entities”) from third party builders. The UDF IV LB Entities have entered into lot option agreements 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 Entities, each builder provided the UDF IV LB Entities 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, the builders have agreed to pay the UDF IV LB Entities 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 Entities. 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 March 31, 2014, the lot option agreements have terms ranging from 18 to 24 months.
	Interest Income and Non-Interest Income Recognition
	As of March 31, 2014 and December 31, 2013, 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 March 31, 2014 and December 31, 2013, approximately $2.6 million and $2.5 million, respectively, of unamortized commitment fees are included as an offset of notes receivable. Approximately $211,000 and $164,000 of unamortized commitment fees are included as an offset of notes receivable – related parties as of March 31, 2014 and December 31, 2013, respectively.
	Acquisition and Origination Fees
	We incur acquisition and origination fees, payable to UMTH LD, our asset manager, equal to 3% of the net amount available for investment in secured loans and other real estate assets (“Acquisition and Origination Fees”); provided, however, that we will not incur Acquisition and Origination Fees with respect to any asset level indebtedness we incur. Acquisition and Origination Fees are expensed as incurred.
	Income Taxes
	We file income tax returns in the United States federal jurisdiction. At March 31, 2014, tax returns related to fiscal years ended December 31, 2010 through December 31, 2013 remain open to possible examination by the tax authorities. No tax returns are currently under examination by any tax authorities. We did not incur any penalties or interest during the three months ended March 31, 2014 or 2013.
	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.
	Share-Based Compensation
	We value all share-based payments to employees at the estimated fair value on the date of grant and we expense these payments over the applicable vesting period.
	Reclassifications
	Certain reclassifications have been made to prior period amounts in order to conform with the current year presentation.

Registration_Statement

Registration Statement	3 Months Ended
	Mar. 31, 2014
Registration Statement [Abstract]	'
Registration Statement [Text Block]	'
	C. Registration Statement
	On November 12, 2009, the Trust’s Registration Statement on Form S-11, covering an initial public offering (the “Offering”) of up to 25,000,000 common shares of beneficial interest to be offered in the primary offering at a price of $20 per share (the “Primary Offering”), was declared effective under the Securities Act of 1933, as amended. The Offering also initially covered up to 10,000,000 common shares of beneficial interest to be issued pursuant to our distribution reinvestment plan (the “DRIP”) for $20 per share. We had the right to reallocate the common shares of beneficial interest registered in the Offering between the Primary Offering and the DRIP, and pursuant to Supplement No. 6 to our prospectus regarding the Offering, which was filed with the Securities and Exchange Commission (“SEC”) on May 3, 2013, we reallocated the shares being offered to be 34,000,000 shares offered pursuant to the Primary Offering and 1,000,000 shares offered pursuant to the DRIP.   The shares were offered to investors on a reasonable best efforts basis, which means the dealer manager used its reasonable best efforts to sell the shares offered, but was not required to sell any specific number or dollar amount of shares and did not have a firm commitment or obligation to purchase any of the offered shares. The Offering terminated on May 13, 2013.
	On 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.
	On May 5, 2014, we announced the suspension of the DRIP, effective May 24, 2014. For further discussion of the suspension of the DRIP, see Note P – Subsequent Events.

Loans_and_Allowance_for_Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Financing Receivables [Text Block]	'
	D. Loans and Allowance for Credit Losses
	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.
		March 31, 2014		December 31, 2013
	Loan participation interest – related parties	$	34,542,000	$	32,910,000
	Notes receivable, net		468,838,000		444,720,000
	Notes receivable – related parties		34,076,000		30,854,000
	Total	$	537,456,000	$	508,484,000
	Our loans are classified as follows:
		March 31, 2014		December 31, 2013
	Real Estate:
	Construction, acquisition and land development	$	544,808,000	$	514,993,000
	Allowance for loan losses		-4,533,000		-3,828,000
	Unamortized commitment fees		-2,819,000		-2,681,000
	Total	$	537,456,000	$	508,484,000
	As of March 31, 2014, we had originated or purchased 149 loans, including 29 loans that have been repaid in full by the respective borrower or have matured and have not been renewed. As of December 31, 2013, we had originated or purchased 139 loans, including 25 loans that have either been repaid in full by the respective borrower or have matured and have not been renewed.
	The following table represents the scheduled maturity dates of the 120 loans outstanding as of March 31, 2014:
		Related Party						Non-related party					Total
	Maturity	Amount		Loans		% of		Amount		Loans	% of		Amount		Loans	% of
	Date					Total					Total					Total
	Matured	$	-	-		-		$	-	-	-		$	-	-	-
	2014		11,658,000	8		17	%		223,145,000	29	47	%		234,803,000	37	43	%
	2015		42,530,000	7		62	%		111,998,000	26	24	%		154,528,000	33	28	%
	2016		11,891,000	3		17	%		109,876,000	33	23	%		121,767,000	36	22	%
	2017		-	-		-			30,960,000	13	6	%		30,960,000	13	6	%
	2018		2,750,000	1		4	%		-	-	-			2,750,000	1	1	%
	Total	$	68,829,000	19		100	%	$	475,979,000	101	100	%	$	544,808,000	120	100	%
	The following table represents the scheduled maturity dates of the 114 loans outstanding as of December 31, 2013:
		Related Party						Non-related party					Total
	Maturity	Amount		Loans		% of		Amount		Loans	% of		Amount		Loans	% of
	Date					Total					Total					Total
	Matured	$	-	-		-		$	-	-	-		$	-	-	-
	2014		34,129,000	12		53	%		255,599,000	35	57	%		289,728,000	47	56	%
	2015		16,987,000	3		27	%		73,007,000	21	16	%		89,994,000	24	17	%
	2016		12,812,000	3		20	%		98,824,000	32	22	%		111,636,000	35	22	%
	2017		-	-		-			23,635,000	8	5	%		23,635,000	8	5	%
	Total	$	63,928,000	18		100	%	$	451,065,000	96	100	%	$	514,993,000	114	100	%
	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 March 31, 2014 and December 31, 2013, we have not placed any loans on non-accrual status.
	Loans are considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement, including scheduled principal and interest payments. Impairment is generally evaluated on an individual loan basis for each loan in the portfolio. If an individual loan is considered impaired, a specific valuation allowance may be allocated, if necessary, so that the individual loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from collateral. Loans that are not individually considered impaired are collectively and qualitatively measured as a portfolio for general valuation allowance. In reviewing our portfolio for this valuation analysis, we use cash flow estimates from the disposition of finished lots, paper lots (residential lots shown on a plat that has been accepted by the city or county, but which is currently undeveloped or under development) and undeveloped land as well as cash flow received from the issuance of bonds from municipal reimbursement districts. These estimates are based on current market metrics, including, without limitation, the supply of finished lots, paper lots and undeveloped land; the supply of homes and the rate and price at which land and homes are sold; historic levels and trends; executed contracts, appraisals and discussions with third party market analysts and participants, including homebuilders. We base our valuations on current and historic market trends and on our analysis of market events and conditions, including activity within our portfolio, and on the analysis of third-party services such as Metrostudy and Residential Strategies, Inc. Cash flow forecasts also are based on executed purchase contracts which provide base prices, escalation rates, and absorption rates on an individual project basis. For projects deemed to have an extended time horizon for disposition, we consider third-party appraisals to provide a valuation in accordance with guidelines set forth in the Uniform Standards of Professional Appraisal Practice. In addition to cash flows from the disposition of property, cost analysis is performed based on estimates of development and senior financing expenditures provided by developers and independent professionals on a project-by-project basis. These amounts are reconciled with our best estimates to establish the net realizable value of the portfolio.
	Interest is recognized on an accrual basis for impaired loans in which the collectability of the unpaid principal amount is deemed probable. Any payments received on such loans are first applied to outstanding accrued interest receivable and then to outstanding unpaid principal balance. Unpaid principal balance is materially the same as recorded investments. Any payments received on impaired loans in which the collectability of the unpaid principal amount is less than probable are typically applied to outstanding unpaid principal and then to the recovery of lost interest on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible.
	As of March 31, 2014 and December 31, 2013, we had no matured loans.
	For the three months ended March 31, 2014 and 2013, we did not have any impaired loans and we did not recognize any interest income associated with 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:
		March 31, 2014		December 31, 2013
	Level 1	$	544,808,000	$	514,993,000
	Level 2		-		-
	Level 3		-		-
	Total	$	544,808,000	$	514,993,000
	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 three months ended March 31, 2014 and the year ended December 31, 2013, which is offset against notes receivable:
		For the Three Months		For the Year Ended
		Ended March 31, 2014		December 31, 2013
	Balance, beginning of year	$	3,828,000	$	1,766,000
	Provision for loan losses		705,000		2,062,000
	Charge-offs		-		-
	Balance, end of period	$	4,533,000	$	3,828,000
	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 March 31, 2014 and December 31, 2013, we have no loan modifications that are classified as troubled debt restructurings.

Shareholders_Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2014
Stockholders Equity Note [Abstract]	'
Shareholders Equity Note Disclosure [Text Block]	'
	E. Shareholders’ Equity
	Offering
	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 March 31, 2014, the Trust had issued an aggregate of 32,372,772 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 913,341 common shares of beneficial interest in accordance with our Secondary DRIP in exchange for gross proceeds of approximately $18.2 million. As of March 31, 2014, the Trust had redeemed an aggregate of 316,425 common shares of beneficial interest at a cost of approximately $6.0 million.
	As of December 31, 2013, the Trust had issued an aggregate of 32,115,232 common shares of beneficial interest pursuant to the Primary Offering, DRIP and Secondary DRIP, consisting of 30,735,813 common shares of beneficial interest pursuant to the Primary Offering in exchange for gross proceeds of approximately $614.7 million (approximately $535.0 million, net of costs associated with the Primary Offering), 723,617 common shares of beneficial interest in accordance with our DRIP in exchange for gross proceeds of approximately $14.5 million and 655,802 common shares of beneficial interest in accordance with our Secondary DRIP in exchange for gross proceeds of approximately $13.1 million. As of December 31, 2013, the Trust had redeemed an aggregate of 212,907 common shares of beneficial interest at a cost of approximately $4.1 million.
	Restricted Shares
	On February 3, 2014, our board of trustees appointed Stacey H. Dwyer as our Chief Operating Officer, effective February 17, 2014, and in connection with this appointment, we entered into an employment agreement with Ms. Dwyer effective as of February 17, 2014.
	Pursuant to her employment agreement, Ms. Dwyer’s compensation includes (a) an initial equity award of 82,410 common shares, one-quarter of which will vest annually over four years, subject to Ms. Dwyer’s continued employment with us through such date and (b) an annual equity grant of 12,500 common shares on each anniversary date of the effective date of the employment agreement, with each annual equity grant vesting five years after the applicable grant date, subject to Ms. Dwyer’s continued employment with us through such date. From the date of grant until such time as they become vested and payable (the “Restricted Period”), the shares granted to Ms. Dwyer pursuant to her employment agreement (the “Restricted Shares”) may not be sold, assigned, transferred or otherwise disposed of.
	The following table reflects Restricted Shares that have been granted to Ms. Dwyer and shares that have vested or have been forfeited by Ms. Dwyer for the three months ended March 31, 2014.
		Restricted Shares
	Outstanding at January 1, 2014		-
	Granted		82,410
	Vested		-
	Forfeited		-
	Outstanding at March 31, 2014		82,410
	Based on a share price of $20, which we have determined to be the best indication of fair value as this was the price of shares sold pursuant to our Offering, the Restricted Shares granted to Ms. Dwyer during the three months ended March 31, 2014 had a value of approximately $1.6 million. For the three months ended March 31, 2014, we recognized compensation expense of approximately $52,000 in connection with Restricted Shares granted to Ms. Dwyer.
	Distributions
	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 shares as of March 31, 2014.
	Our board of trustees has authorized distributions for our shareholders of record as of the close of business on each day for the period commencing on December 18, 2009 and ending on June 30, 2014. For distributions declared for each record date in the December 2009 through June 2011 periods, our distribution rate was $0.0043836 per common share of beneficial interest, which is equal to an annualized distribution rate of 8%, assuming a purchase price of $20.00 per share. For distributions declared for each record date in the July 2011 through June 2014 periods, our distribution rate is $0.0044932 per common share of beneficial interest, which is equal to an annualized distribution rate of 8.2%, assuming a purchase price of $20.00 per share. These distributions are aggregated and paid monthly in arrears. Distributions are paid on or about the 25th day of the respective month. Distributions for shareholders participating in our DRIP and Secondary DRIP are reinvested into our shares on the payment date of each distribution as of March 31, 2014.
	We have made the following distributions to our shareholders for the three months ended March 31, 2014:
	Period Ended	Date Paid		Distribution
				Amount
	31-Dec-13	15-Jan-14		$	4,435,000
	31-Jan-14	24-Feb-14			4,444,000
	28-Feb-14	24-Mar-14			4,020,000
				$	12,899,000
	For the three months ended March 31, 2014, we paid distributions of approximately $12.9 million ($7.7 million in cash and $5.2 million in our common shares of beneficial interest pursuant to our DRIP), as compared to cash flows provided by operations of approximately $5.5 million. From May 28, 2008 (Date of Inception) through March 31, 2014, we paid cumulative distributions of approximately $86.9 million. As of March 31, 2014, we had approximately $2.7 million of cash distributions declared that were paid subsequent to period end.
	The distributions paid for the three months ended March 31, 2014 and 2013, along with the amount of distributions reinvested pursuant to our DRIP and the sources of our distributions are reflected in the table below.
		Three months ended March 31,
		2014					2013
	Distributions paid in cash	$	7,748,000				$	5,300,000
	Distributions reinvested		5,151,000					2,800,000
	Total distributions	$	12,899,000				$	8,100,000
	Source of distributions:
	Cash from operations	$	5,539,000		43	%	$	3,200,000	40	%
	Borrowings under credit facilities		7,360,000		57	%		4,900,000	60	%
	Total sources	$	12,899,000		100	%	$	8,100,000	100	%
	In our initial quarters of operations, and from time to time thereafter, we did not generate enough cash flow to fully fund distributions declared. Therefore, some or all of our distributions are paid from sources other than operating cash flow, such as 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 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	3 Months Ended
	Mar. 31, 2014
Unit Redemption Program [Abstract]	'
Share Redemption Program [Text Block]	'
	F. 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.
	On May 5, 2014, we announced the suspension of the share redemption program, effective June 6, 2014. For further discussion of the suspension of the share redemption program, see Note P – Subsequent Events.
	The Trust complies with FASB ASC 480-10, Distinguishing Liabilities from Equity, which requires, among other things, that financial instruments that represent a mandatory obligation of the Trust to repurchase shares be classified as liabilities and reported at settlement value.  We believe that shares tendered for redemption by the shareholder under the Trust’s share redemption program do not represent a mandatory obligation until such redemptions are approved at our discretion.  At such time, we will reclassify such obligations from equity to an accrued liability based upon their respective settlement values. As of March 31, 2014, we did not have any approved redemption requests included in our liabilities.
	The following table summarizes the redemption activity for the three months ended March 31, 2014 and the year ended December 31, 2013. The amounts presented are in total shares:
		March 31, 2014		December 31, 2013
	Balance, beginning of year		-		-
	Redemption requests received		103,518		88,376
	Shares redeemed		-103,518		-88,376
	Balance, end of period		-		-
	Shares redeemed are included in treasury stock in the consolidated balance sheet.

Organizational_and_Offering_Co

Organizational and Offering Compensation	3 Months Ended
	Mar. 31, 2014
Deferred Offering Costs [Abstract]	'
Organizational and Offering Compensation [Text Block]	'
	G. 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 included 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	3 Months Ended
	Mar. 31, 2014
Operational Compensation [Abstract]	'
Advisor Operational Stage Payments [Text Block]	'
	H. Operational Compensation
	The Advisor or its affiliates will receive Acquisition and Origination Fees as described in Note B. Acquisition and Origination Fees will not be paid with respect to any asset level indebtedness the Trust incurs. Acquisition and Origination Fees incurred by the Trust will be reduced by the amount of any acquisition and origination fees and expenses paid by borrowers or investment entities to the Advisor or affiliates of the Advisor with respect to the investment. The Trust will not incur any Acquisition and Origination Fees with respect to any participation agreement the Trust enters into with its affiliates or any affiliates of the Advisor for which the Advisor or affiliates of the Advisor previously has received acquisition and origination fees and expenses from such affiliate with respect to the same secured loan or other real estate asset.
	The Advisor will receive advisory fees of 2% per annum of the average of invested assets (“Advisory Fees”), including secured loan assets; provided, however, that no Advisory Fees will be paid with respect to any asset level indebtedness the Trust incurs. The fee will be payable monthly in an amount equal to one-twelfth of 2% of the Trust’s average invested assets, including secured loan assets, as of the last day of the immediately preceding month.
	The Advisor will receive 1% of the amount made available to the Trust pursuant to the origination of any line of credit or other debt financing, provided that the Advisor has provided a substantial amount of services as determined by the Trust’s independent trustees and, on each anniversary date of the origination of any such line of credit or other debt financing, an additional fee of 0.25% of the primary loan amount (collectively, “Debt Financing Fees”) will be paid if such line of credit or other debt financing continues to be outstanding on such date, or a prorated portion of such additional fee will be paid for the portion of such year that the financing was outstanding.
	The Trust will reimburse the expenses incurred by the Advisor in connection with its provision of services to the Trust (the “Advisor Expense Reimbursement”), including the Trust’s allocable share of the Advisor’s overhead, such as rent, personnel costs, utilities and IT costs. The Trust will not reimburse the Advisor for personnel costs in connection with services for which the Advisor or its affiliates receive other fees.
	The Advisor will receive 15% of the amount by which the Trust’s net income for the immediately preceding year exceeds a 10% per annum return on aggregate capital contributions, as adjusted to reflect prior cash distributions to shareholders which constitute a return of capital. This fee will be paid annually and upon termination of the advisory agreement.

DispositionLiquidation_Compens

Disposition/Liquidation Compensation	3 Months Ended
	Mar. 31, 2014
Disposition Liquidation Compensation [Abstract]	'
Advisor Disposition Stage Payments [Text Block]	'
	I. 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. On April 28, 2014, we announced our intent to list our common shares of beneficial interest on a national securities exchange. For further discussion, see Note P – Subsequent Events.

Real_Estate_Owned

Real Estate Owned	3 Months Ended
	Mar. 31, 2014
Real Estate Assets Held for Development and Sale [Abstract]	'
Real Estate Owned [Text Block]	'
	J. 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 three months ended March 31, 2014 and the year ended December 31, 2013.
		March 31, 2014		December 31, 2013
	Real estate owned, beginning of period	$	8,237,000	$	-
	Purchases of lots		4,050,000		9,017,000
	Sales of lots		-2,190,000		-780,000
	Real estate owned, end of period	$	10,097,000	$	8,237,000

Notes_Payable_and_Lines_of_Cre

Notes Payable and Lines of Credit	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	K. 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, as subsequently amended, of $20.0 million (the “Credit Facility”) from Raley Holdings, LLC, an unaffiliated company (“Raley Holdings”). 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 N – Related Party Transactions, for further discussion of fees paid to related parties.
	UDF IV HF CTB LOC
	On May 19, 2010, UDF IV HF entered into a $6.0 million revolving line of credit (the “UDF IV HF CTB LOC”) with Community Trust Bank of Texas (“CTB”). Pursuant to an amendment entered into on July 31, 2013, the maturity date of the UDF IV HF CTB LOC was extended from February 19, 2014 to July 30, 2015, the interest rate was modified to prime plus 1%, subject to a floor of 4.25% (4.25% at March 31, 2014) and the revolving line was increased to $10.0 million. The UDF IV HF CTB LOC is guaranteed by us and by United Development Funding III, L.P. (“UDF III”), an affiliated and publicly registered Delaware limited partnership. UMTH LD, our asset manager, is the general partner for UDF III.
	UDF IV HF has agreed to pay Debt Financing Fees to UMTH GS associated with the UDF IV HF CTB LOC and, in consideration for its guarantee of the UDF IV HF CTB LOC, UDF IV HF agreed to pay an annual credit enhancement fee equal to 1% of the line of credit amount to UDF III. See Note N – Related Party Transactions, for further discussion of fees paid to related parties.
	CTB Revolver
	Effective August 19, 2010, UDF IV AC obtained a three-year revolving credit facility in the maximum principal amount of $8.0 million (the “CTB Revolver”) from CTB pursuant to a Revolving Loan Agreement (the “Revolver Loan Agreement”). 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 March 31, 2014). The CTB Revolver is guaranteed by us and by UDF III. Effective April 11, 2014, the CTB Revolver was increased to $25.0 million. See Note P – Subsequent Events, for further discussion.
	UDF IV AC agreed to pay Debt Financing Fees to UMTH GS in connection with the CTB Revolver and, in consideration for UDF III guaranteeing the CTB Revolver, UDF IV AC agreed to pay UDF III a monthly credit enhancement fee equal to 1/12th of 1% of the outstanding principal balance of the CTB Revolver at the end of each month. See Note N – 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. The UTB Revolver matured on September 30, 2013 and the balance of this loan and all accrued interest were paid in full on November 7, 2013, at which point this loan was terminated.
	UDF IV FI agreed to pay Debt Financing Fees to UMTH GS in connection with the UTB Revolver. See Note N – Related Party Transactions, for further discussion of fees paid to related parties.
	F&M Loan
	On December 14, 2010, UDF IV FII obtained a revolving credit facility from F&M Bank and Trust Company (“F&M”) in the maximum principal amount of $5.0 million pursuant to a loan agreement (as amended, the “F&M Loan”). Pursuant to the First Amendment to the F&M Loan, F&M increased its commitment to $7.5 million, effective September 1, 2011. The interest rate on the F&M Loan is equal to the greater of prime plus 1.5% or 5.0% per annum (5.0% at March 31, 2014). Pursuant to an amendment entered into on October 31, 2013, F&M increased its commitment associated with the F&M Loan to $15.0 million. The F&M Loan is guaranteed by us and by UDF III. The full outstanding principal balance of the F&M Loan was paid in July 2013, although UDF IV FII retains the right to draw under the F&M Loan until it matures on December 14, 2014.
	UDF IV FII agreed to pay Debt Financing Fees to UMTH GS in connection with the F&M Loan and, in consideration for UDF III guaranteeing the F&M Loan, UDF IV FII agreed to pay UDF III a monthly credit enhancement fee equal to 1/12th of 1% of the outstanding principal balance of the F&M Loan at the end of each month. See Note N – Related Party Transactions, for further discussion of fees paid to related parties.
	Legacy Revolver
	Effective November 1, 2011, UDF IV FIII obtained a credit facility in the maximum principal amount of $5.0 million (the “Legacy Revolver”) from LegacyTexas Bank (“Legacy”) pursuant to a loan agreement. As amended, the interest rate on the Legacy Revolver is equal to the greater of prime plus 1% or 5.5% per annum (5.5% at March 31, 2014), provided that the interest rate associated with advances related to development loans is 5.875% until substantial completion of the development project. The Legacy Revolver matures and becomes due and payable in full on January 12, 2015.
	UDF IV FIII agreed to pay Debt Financing Fees to UMTH GS in connection with the Legacy Revolver. See Note N – Related Party Transactions, for further discussion of fees paid to related parties.
	Veritex Revolver
	On July 31, 2012, UDF IV Fin IV obtained a revolving credit facility from Veritex Community Bank, National Association (“Veritex”) in the maximum principal amount of $5.3 million pursuant to a loan agreement (the “Veritex Revolver”). Effective August 21, 2013, UDF IV Fin IV entered into a loan modification agreement with Veritex, pursuant to which the interest rate associated with the Veritex Revolver was modified to prime plus 1%, subject to a floor of 4.5% (4.5% at March 31, 2014). The Veritex Revolver matures and becomes due and payable in full on July 31, 2015.
	UDF IV Fin IV agreed to pay Debt Financing Fees to UMTH GS in connection with the Veritex Revolver. See Note N – 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 March 31, 2014). The Affiliated Bank Loan matures and becomes due and payable in full on July 23, 2015.
	UDF IV Fin V has agreed to pay Debt Financing Fees to UMTH GS in connection with the Affiliated Bank Loan. See Note N – 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 March 31, 2014). The UDF IV Fin VII Legacy LOC matures and becomes due and payable in full on August 5, 2015.
	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 N – 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 March 31, 2014). 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 guaranteed by us and by UDF III. Effective April 11, 2014, the UDF IV Fin VI CTB LOC was reduced to $15.0 million. See Note P – Subsequent Events, for further discussion.
	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 N – Related Party Transactions, for further discussion of fees paid to related parties.
	Independent Bank Loan
	On December 6, 2013, UDF IV Fin VIII obtained a revolving credit facility from Independent Bank (“Independent Bank”) in the maximum principal amount of $15.0 million pursuant to a loan agreement (the “Independent Bank Loan”). The interest rate under the Independent Bank Loan is equal to the greater of prime plus 0.875% or 4.125% per annum (4.125% at March 31, 2014). In addition, on a quarterly basis, UDF IV Fin VIII is required to pay an unused line fee to Independent Bank of 0.5% per annum on the average daily unused portion of the $15.0 million loan commitment. The Independent Bank Loan matures and becomes due and payable in full on December 6, 2015.
	UDF IV Fin VIII has agreed to pay Debt Financing Fees to UMTH GS in connection with the Independent Bank Loan. See Note N – Related Party Transactions, for further discussion of fees paid to related parties.
	Summary Information
	The chart below summarizes the approximate outstanding balance of our note payable and each of our lines of credit as of the date indicated:
	Facility	March 31, 2014		December 31, 2013
	Credit Facility	$	-	$	-
	UDF IV HF CTB LOC		10,000,000		10,000,000
	CTB Revolver		14,350,000		14,556,000
	UTB Revolver		-		-
	F&M Loan		-		-
	Legacy Revolver		2,500,000		-
	Veritex Revolver		2,000,000		-
	Affiliated Bank Loan		2,500,000		-
	UDF IV Fin VII Legacy LOC		-		-
	UDF IV Fin VI CTB LOC		4,470,000		5,963,000
	Independent Bank Loan		5,000,000		-
	Total	$	40,820,000	$	30,519,000
	The following table represents the approximate interest expense incurred associated with our note payable and lines of credit for the period indicated:
		For the three months ended March 31,
	Facility	2014		2013
	Credit Facility	$	-	$	98,000
	UDF IV HF CTB LOC		106,000		83,000
	CTB Revolver		154,000		110,000
	UTB Revolver		-		51,000
	F&M Loan		-		71,000
	Legacy Revolver		13,000		2,000
	Veritex Revolver		-		59,000
	Affiliated Bank Loan		12,000		-
	UDF IV Fin VII Legacy LOC		-		-
	UDF IV Fin VI CTB LOC		58,000		-
	Independent Bank Loan		20,000		-
Total interest expense	$	363,000	$	474,000

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments Contingencies and Guarantees [Text Block]	'
	L. Commitments and Contingencies
	Litigation
	In the ordinary course of business, the Trust may become subject to litigation or claims. There are no material pending or threatened legal proceedings known to be contemplated against the Trust.
	Off-Balance Sheet Arrangements
	From time to time, we enter into guarantees of debtor’s borrowings and provide credit enhancements for the benefit of senior lenders in connection with our debtors and investments in partnerships (collectively referred to as “guarantees”), and account for such guarantees in accordance with FASB ASC 460-10 Guarantees. Guarantees generally have fixed expiration dates or other termination clauses and may require payment of a fee by the debtor. A guarantee involves, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. Our exposure to credit loss in the event of non-performance by the other party to the instrument is represented by the contractual notional amount of the guarantee.
	In connection with the funding of some of our organization costs, on June 26, 2009, UMTH LD entered into a $6.3 million line of credit (as amended, the “UMTH LD CTB LOC”) with CTB. Effective February 26, 2012, UMTH LD entered into a second loan modification agreement with CTB, which resulted in an extension of the maturity date on the UMTH LD CTB LOC to December 26, 2014. UMTH LD has a receivable from our Advisor for organization costs funded by UMTH LD on behalf of the Trust. UMTH LD has assigned this receivable to the bank as security for the UMTH LD CTB LOC. In addition, the UMTH LD CTB LOC is secured by a collateral assignment of a first priority note and deed of trust held by a subsidiary of UMTH LD against a residential real estate project.  As a condition to the modification entered into effective as of February 26, 2012, the Trust agreed to guaranty all obligations under the UMTH LD CTB LOC. As of March 31, 2014 and December 31, 2013, the outstanding balance on the line of credit was $4.9 million and $5.1 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 March 31, 2014 and December 31, 2013, approximately $3.9 million and $7.6 million, respectively, was outstanding under the Stoneleigh Construction Loan. For the three months ended March 31, 2014 and 2013, approximately $16,000 and $29,000, respectively, is included in commitment fee income – related parties in connection with the credit enhancement fee associated with the Stoneleigh Construction Loan. As of March 31, 2014 and December 31, 2013, approximately $10,000 and $15,000, 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 both March 31, 2014 and December 31, 2013, approximately $1.2 million was outstanding under the URHF Southwest Loan. For the three months ended March 31, 2014, approximately $3,000 is included in commitment fee income – related parties in connection with the credit enhancement fee associated with the URHF Southwest Loan, all of which is also included in accrued receivable – related parties.
	As of March 31, 2014, including the guarantees described above, we had 9 outstanding repayment guarantees with total credit risk to us of approximately $65.7 million, of which approximately $14.2 million had been borrowed against by the debtor. As of December 31, 2013, including the guarantees described above, we had 9 outstanding repayment guarantees with total credit risk to us of approximately $65.7 million, of which approximately $18.7 million had been borrowed against by the debtor.

Economic_Dependency

Economic Dependency	3 Months Ended
	Mar. 31, 2014
Economic Dependency [Abstract]	'
Economic Dependency Disclosure [Text Block]	'
	M. 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	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	N. Related Party Transactions
	O&O Reimbursement
	We paid our Advisor an O&O Reimbursement equal to 3% of the gross offering proceeds raised by the Trust in the Offering (as discussed in Note G) for reimbursement of organization and offering expenses funded by our Advisor or its affiliates. The Offering terminated on May 13, 2013. For the year ended December 31, 2013, we reimbursed our Advisor approximately $8.2 million in accordance with the O&O Reimbursement.
	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 H). For the three months ended March 31, 2014 and 2013, approximately $2.7 million and $1.6 million, respectively, is included in advisory fee – related party expense for Advisory Fees payable to our Advisor. As of March 31, 2014 and December 31, 2013, approximately $1.0 million and $842,000, 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 H); 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. The general partner of our Advisor is also the general partner of UMTH LD. For the three months ended March 31, 2014 and 2013, approximately $1.1 million and $829,000, respectively, is included in general and administrative – related parties expense associated with Acquisition and Origination Fees payable to UMTH LD. As of March 31, 2014 and December 31, 2013, approximately $3.3 million and $2.4 million, respectively, is included in accrued liabilities – related parties associated with Acquisition and Origination Fees payable to UMTH LD.
	Debt Financing Fees
	Pursuant to the origination of any line of credit or other debt financing, we pay our Advisor Debt Financing Fees, as discussed in Note H. 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 March 31,
	Facility	2014			2013
	Credit Facility	$	-		$	4,000
	UDF IV HF CTB LOC		13,000			7,000
	CTB Revolver		5,000			14,000
	UTB Revolver		-			3,000
	F&M Loan		16,000			5,000
	Legacy Revolver		-			4,000
	Veritex Revolver		6,000			5,000
	Affiliated Bank Loan		7,000			-
	UDF IV Fin VII Legacy LOC		12,000			-
	UDF IV Fin VI CTB LOC		31,000			-
	Independent Bank Loan		19,000			-
	Total	$	109,000		$	42,000
	As of March 31, 2014 and December 31, 2013, no amounts are included in accrued liabilities – related parties associated with unpaid Debt Financing Fees.
	Credit Enhancement Fees
	We and our wholly-owned subsidiaries will occasionally enter into financing arrangements that require guarantees from entities affiliated with us. These guarantees require us to pay fees (“Credit Enhancement Fees”) to our affiliated entities as consideration for their guarantees. These Credit Enhancement Fees are either expensed as incurred or recorded as a prepaid asset and amortized, based on the terms of the guarantee agreements.
	The following table represents the approximate amount included in general and administrative – related parties expense for the periods indicated associated with Credit Enhancement Fees paid to UDF III for its guarantees of our lines of credit, as discussed in Note H. 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 March 31,
	Facility	2014			2013
	UDF IV HF CTB LOC	$	25,000		$	15,000
	CTB Revolver		36,000			20,000
	F&M Loan		-			14,000
	UDF IV Fin VI CTB LOC		13,000			-
	Total	$	74,000		$	49,000
	As of March 31, 2014 and December 31, 2013, approximately $16,000 and $17,000, respectively, is included in accrued liabilities – related parties associated with Credit Enhancement Fees payable to our Advisor or its affiliates.
	The table below summarizes the approximate payments to related parties for the three months ended March 31, 2014 and the year ended December 31, 2013:
	Payee	Purpose		For the Three Months						For the Year Ended
				Ended						December 31, 2013
				March 31, 2014
	UMTH GS
		O&O Reimbursement		$	-		-			$	8,167,000	33	%
		Advisory Fees			2,501,000		92	%			7,819,000	32	%
		Debt Financing Fees			-		-				361,000	1	%
	UMTH LD
		Acquisition and Origination Fees			155,000		6	%			7,953,000	33	%
	UDF III
		Credit Enhancement Fees			59,000		2	%			132,000	1	%
	Total Payments			$	2,715,000		100	%		$	24,432,000	100	%
	The table below summarizes the approximate expenses associated with related parties for the three months ended March 31, 2014 and 2013:
		For the Three Months Ended March 31,
	Purpose	2014							2013
	Advisory Fees	$	2,700,000			100	%		$	1,642,000		100	%
	Total Advisory fee – related party	$	2,700,000			100	%		$	1,642,000		100	%
	Amortization of Debt Financing Fees	$	109,000			9	%		$	42,000		5	%
	Acquisition and Origination Fees		1,083,000			85	%			829,000		90	%
	Credit Enhancement Fees		74,000			6	%			49,000		5	%
	Total General and administrative – related parties	$	1,266,000			100	%		$	920,000		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 Buffington Participation Agreements are due and payable in full on October 28, 2014.
	Buffington Classic Participation Agreement
On March 24, 2010, we entered into a participation agreement (the “Buffington Classic Participation Agreement”) with UDF III pursuant to which we purchased a 100% participation interest in UDF III’s lot inventory line of credit loan facility with Buffington Classic (the “Buffington Classic Line”). 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 Buffington Classic. The Buffington Classic Participation Agreement is due and payable in full on August 21, 2014.
TR Finished Lot Participation
On June 30, 2010, we purchased a participation interest (the “TR Finished Lot Participation”) in a finished lot loan (the “Travis Ranch II Finished Lot Loan”) made by UDF III to CTMGT Travis Ranch II, LLC, an unaffiliated Texas limited liability company. UMTH LD is the general partner of UDF III. The Travis Ranch II Finished Lot Loan is secured by a subordinate, second lien deed of trust recorded against finished residential lots in the Travis Ranch residential subdivision located in Kaufman County, Texas. The Travis Ranch II Finished Lot Loan is guaranteed by the limited liability company owners of the borrower and by the principal of the borrower. The TR Finished Lot Participation is due and payable in full on January 28, 2015.
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 TR Paper Lot Participation is due and payable in full on January 28, 2015.
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. We received payment in full for the 165 Howe Participation Agreement on November 6, 2013.
Pine Trace Participation Agreement
On May 31, 2012, we entered into a participation agreement (the “Pine Trace Participation Agreement”) with UMTHFIII pursuant to which we purchased a participation interest in UMTHFIII’s loan (the “Pine Trace Loan”) to Pine Trace Village, LLC an unaffiliated Texas limited liability company (“Pine Trace”). Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in UMTHFIII. The Pine Trace Participation Agreement is due and payable in full on March 29, 2015.
Northpointe Participation Agreement
On June 11, 2012, we entered into a participation agreement (the “Northpointe Participation Agreement”) with UDF III pursuant to which we purchased a participation interest in UDF III’s loan (the “Northpointe Loan”) to UDF Northpointe, LLC, an unaffiliated Texas limited liability company (“Northpointe”). The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD is the general partner of UDF III. The Northpointe Participation Agreement is due and payable in full on June 4, 2014.
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 Participation Agreement is due and payable in full on December 28, 2014.
UMTHF Megatel Participation
On October 3, 2013, we entered into a participation agreement (the “UMTHF Megatel Participation”) with UMTHF pursuant to which we purchased a participation interest in UMTHF’s construction loan (the “UMTHF Megatel Loan”) to Megatel Homes II, LLC (“Megatel”). Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in UMTHF. The UMTHF Megatel Participation is due and payable in full on October 3, 2014.
URHF Buckingham Participation
On December 16, 2013, we entered into a participation agreement (the “URHF Buckingham Participation”) with URHF pursuant to which we purchased a participation interest in URHF’s $4.9 million loan (the “URHF Buckingham Loan”) to CTMGT Buckingham, LLC (“Buckingham”), a Texas limited liability company. Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in URHF. The URHF Buckingham Participation is due and payable in full on June 28, 2016.
URHF Bratton Hill Participation
On December 16, 2013, we entered into a participation agreement (the “URHF Bratton Hill Participation”) with URHF pursuant to which we purchased a participation interest in URHF’s $3.0 million loan (the “URHF Bratton Hill Loan”) to BLD Bratton Hill, LLC (“Bratton Hill”), a Texas limited liability company. Our Advisor also serves as the advisor for UMT, which owns 100% of the interests in URHF. The URHF Bratton Hill Participation is due and payable in full on July 31, 2016.
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	March 31, 2014			December 31, 2013
Buffington Participation Agreements	$	1,263,000		$	2,826,000
Buffington Classic Participation Agreement		280,000			279,000
TR Finished Lot Participation		2,765,000			3,346,000
TR Paper Lot Participation		12,816,000			12,617,000
Carrollton Participation Agreement		-			-
165 Howe Participation Agreement		-			-
Pine Trace Participation Agreement		7,346,000			6,646,000
Northpointe Participation Agreement		1,585,000			1,585,000
Northpointe II Participation Agreement		2,597,000			3,000,000
UMTHF Megatel Participation		3,805,000			-
URHF Buckingham Participation		1,197,000			1,425,000
URHF Bratton Hill Participation		888,000			1,186,000
Total	$	34,542,000		$	32,910,000
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	March 31, 2014			December 31, 2013
Buffington Participation Agreements	$	16,000		$	47,000
Buffington Classic Participation Agreement		24,000			16,000
TR Finished Lot Participation		52,000			66,000
TR Paper Lot Participation		665,000			197,000
Carrollton Participation Agreement		-			-
165 Howe Participation Agreement		-			-
Pine Trace Participation Agreement		8,000			562,000
Northpointe Participation Agreement		47,000			-
Northpointe II Participation Agreement		4,000			-
UMTHF Megatel Participation		24,000			-
URHF Buckingham Participation		29,000			91,000
URHF Bratton Hill Participation		24,000			64,000
Total	$	893,000		$	1,043,000
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 March 31,
Loan Name	2014			2013
Buffington Participation Agreements	$	92,000		$	216,000
Buffington Classic Participation Agreement		10,000			17,000
TR Finished Lot Participation		111,000			133,000
TR Paper Lot Participation		467,000			393,000
Carrollton Participation Agreement		-			23,000
165 Howe Participation Agreement		-			36,000
Pine Trace Participation Agreement		214,000			167,000
Northpointe Participation Agreement		47,000			9,000
Northpointe II Participation Agreement		84,000			-
UMTHF Megatel Participation		24,000			-
URHF Buckingham Participation		35,000			-
URHF Bratton Hill Participation		29,000			-
Total	$	1,113,000		$	994,000
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 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. The Buffington Classic CL is due and payable in full on October 28, 2014.
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 is due and payable in full on March 22, 2015.
In connection with the HLL II Highland Farms Loan, HLL II agreed to pay us an origination fee of approximately $19,000, which was funded at the closing of the loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
HLL Hidden Meadows Loan
Effective February 17, 2011, we entered into a Loan Agreement providing for a $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 is due and payable in full on January 21, 2015.
In connection with the HLL Hidden Meadows Loan, HLL agreed to pay a $99,000 origination fee to us, which was funded at the closing of the HLL Hidden Meadows Loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
Ash Creek Loan
Effective April 20, 2011, we entered into a $3.0 million loan agreement (the “Ash Creek Loan”) with UDF Ash Creek, LP (“UDF Ash Creek”), an affiliated Delaware limited partnership. UDF Ash Creek is a wholly owned subsidiary of UDF I. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The Ash Creek Loan is due and payable in full on October 20, 2014.
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 is 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 is 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 is due and payable in full on November 29, 2015.
In connection with the HLL IS Loan, HLL agreed to pay a $64,000 origination fee to us, which was funded at the closing of the HLL IS Loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
One KR Loan
Effective December 14, 2012, we entered into a $15.3 million loan agreement (the “One KR Loan”) with One KR Venture, L.P., an affiliated Texas limited partnership (“One KR”). One KR is a wholly owned subsidiary of UDF I. The general partner of our Advisor is also the general partner of UMTH LD, our asset manager. UMTH LD also serves as the asset manager of UDF I. The One KR Loan is due and payable in full on June 14, 2016.
In connection with the One KR Loan, One KR agreed to pay a $153,000 origination fee to us, which was funded at the closing of the One KR Loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
Rowe Lane Loan
Effective February 18, 2014, we entered into a $7.5 million loan agreement (the “Rowe Lane Loan”) with Rowe Lane 285, L.P., an affiliated Texas limited partnership (“Rowe Lane”). Rowe Lane 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 Rowe Lane Loan provides Rowe Lane with funding to acquire and develop 71.388 acres of land into approximately 285 single family lots. The Rowe Lane Loan was initially evidenced and secured by a first lien deed of trust recorded against approximately 28 acres, as well as a second lien deed of trust recorded against approximately 43 acres, and other loan documents. The interest rate under the Rowe Lane Loan is the lower of 13% per annum, or the highest rate allowed by law. The Rowe Lane Loan matures and becomes due and payable in full on February 18, 2018. The Rowe Lane Loan provides Rowe Lane  with an interest reserve of approximately $2.5 million, pursuant to which we will fund Rowe Lane’s monthly interest payments and add the payments to the outstanding principal balance of the Rowe Lane Loan.
In connection with the Rowe Lane Loan, Rowe Lane agreed to pay an origination fee of approximately $75,000 to us, which was funded at the closing of the Rowe Lane Loan. Revenue associated with this origination fee is included in commitment fee income – related parties and is recognized over the life of the loan.
Summary Information
The 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	March 31, 2014			December 31, 2013
HLL Indian Springs Loan	$	-		$	-
Buffington Classic CL		-			-
HLL II Highland Farms Loan		1,489,000			1,572,000
HLL Hidden Meadows Loan		11,218,000			10,643,000
Ash Creek Loan		1,627,000			1,756,000
UDF TX Two Loan		501,000			502,000
UDF PM Loan		4,133,000			3,822,000
HLL IS Loan		2,763,000			2,522,000
One KR Loan		9,806,000			10,201,000
Rowe Lane Loan		2,750,000			-
Total	$	34,287,000		$	31,018,000
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	March 31, 2014			December 31, 2013
HLL Indian Springs Loan	$	-		$	-
Buffington Classic CL		-			-
HLL II Highland Farms Loan		11,000			-
HLL Hidden Meadows Loan		172,000			1,028,000
Ash Creek Loan		14,000			22,000
UDF TX Two Loan		32,000			16,000
UDF PM Loan		208,000			83,000
HLL IS Loan		96,000			12,000
One KR Loan		197,000			-
Rowe Lane Loan		38,000			-
Total	$	768,000		$	1,161,000
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 March 31,
Loan Name	2014			2013
HLL Indian Springs Loan	$	-		$	6,000
Buffington Classic CL		-			5,000
HLL II Highland Farms Loan		49,000			45,000
HLL Hidden Meadows Loan		350,000			301,000
Ash Creek Loan		55,000			81,000
UDF TX Two Loan		16,000			106,000
UDF PM Loan		125,000			35,000
HLL IS Loan		83,000			103,000
One KR Loan		314,000			219,000
Rowe Lane Loan		38,000			-
Total	$	1,030,000		$	901,000
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 March 31,
Loan	2014			2013
HLL II Highland Farms Loan	$	-		$	2,000
HLL Hidden Meadows Loan		6,000			6,000
HLL IS Loan		5,000			5,000
One KR Loan		13,000			13,000
Rowe Lane Loan		3,000			-
Total	$	27,000		$	26,000

Concentration_of_Credit_Risk

Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2014
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	O. Concentration of Credit Risk
	Financial instruments that potentially expose us to concentrations of credit risk are primarily temporary cash equivalent and loan participation interest – related parties. We maintain deposits in financial institutions that may at times exceed amounts covered by insurance provided by the United States Federal Deposit Insurance Corporation (“FDIC”). We have not experienced any losses related to amounts in excess of FDIC limits.
	At March 31, 2014, our real estate investments were secured by property located in Texas.
	We may invest in multiple secured loans that share a common borrower. The bankruptcy, insolvency or other inability of any borrower that is the subject of multiple loans to pay interest or repay principal on its loans would have adverse consequences on our income and reduce the amount of funds available for distribution to investors. The more concentrated our portfolio is with one or a few borrowers, the greater credit risk we face. The loss of any one of these borrowers would have a material adverse effect on our financial condition and results of operations.
	We did not have any individual loans to borrowers that accounted for over 10% of the outstanding balance of our portfolio as of March 31, 2014. Our largest individual borrower and its affiliates comprised approximately 65% of the outstanding balance of our portfolio.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	P. Subsequent Events
	On April 28, 2014, we issued a press release announcing that our board of trustees has determined that it is in the best interest of the Trust and its shareholders to list the common shares of beneficial interest, par value $0.01 per share, of the Trust on the NASDAQ Global Select Market (“NASDAQ”), under the symbol “UDF.” The Trust anticipates that its common shares of beneficial interest will be listed on NASDAQ in 2014 (the “Listing”). However, the completion of the listing is subject to certain conditions, including approval by NASDAQ, and no assurance can be given that our common shares will be listed on NASDAQ in 2014 or at all. If our common shares are listed on NASDAQ, the Advisor may be entitled to certain fees as described in Note I – Disposition/Liquidation Compensation.
	On May 5, 2014, the Trust issued a press release announcing the suspension of its DRIP, effective May 24, 2014, and its share redemption program, effective June 6, 2014, in contemplation of the Listing. The effect of these suspensions is that, as of May 24, 2014, participants in the DRIP will receive their distributions in cash instead of in the form of common shares of beneficial interest, and as of June 6, 2014, holders of the common shares of beneficial interest will no longer be able to present their shares to the Trust for redemption. Subject to applicable rules and regulations, the Trust expects to adopt a new distribution reinvestment plan following the Listing.
	Pursuant to an amendment entered into on April 11, 2014, CTB increased its commitment under the CTB Revolver from $15.0 million to $25.0 million.
	Pursuant to an amendment entered into on April 11, 2014, CTB reduced its commitment under the UDF IV Fin VI CTB LOC from $25.0 million to $15.0 million.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	The accompanying consolidated financial statements were prepared in accordance with generally accepted accounting principles in the United States of America (“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 2013 Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the Securities and Exchange Commission on April 15, 2014 (the “2013 10-K”). The accompanying interim consolidated financial statements should be read in conjunction with the consolidated financial statements filed in our 2013 10-K. In the opinion of management, the accompanying consolidated financial statements include all adjustments, consisting solely of normal recurring adjustments, considered necessary to present fairly our financial position as of March 31, 2014 and December 31, 2013, operating results for the three months ended March 31, 2014 and 2013, and cash flows for the three months ended March 31, 2014 and 2013. Operating results and cash flows for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.
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 March 31, 2014, the participations have terms ranging from 12 to 31 months and bear interest at rates ranging from 12% to 15%.
Notes Receivable [Policy Text Block]	'
	Notes Receivable and Notes Receivable – Related Parties
	As of March 31, 2014, 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, UDF IV LBII, UDF IV LBIII and UDF IV LBIV (collectively, the “UDF IV LB Entities”) from third party builders. The UDF IV LB Entities have entered into lot option agreements 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 Entities, each builder provided the UDF IV LB Entities 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, the builders have agreed to pay the UDF IV LB Entities 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 Entities. 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 March 31, 2014, 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 March 31, 2014 and December 31, 2013, 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 March 31, 2014 and December 31, 2013, approximately $2.6 million and $2.5 million, respectively, of unamortized commitment fees are included as an offset of notes receivable. Approximately $211,000 and $164,000 of unamortized commitment fees are included as an offset of notes receivable – related parties as of March 31, 2014 and December 31, 2013, respectively.
Acquisition and Origination Fees [Policy Text Block]	'
	Acquisition and Origination Fees
	We incur acquisition and origination fees, payable to UMTH LD, our asset manager, equal to 3% of the net amount available for investment in secured loans and other real estate assets (“Acquisition and Origination Fees”); provided, however, that we will not incur Acquisition and Origination Fees with respect to any asset level indebtedness we incur. Acquisition and Origination Fees are expensed as incurred.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	We file income tax returns in the United States federal jurisdiction. At March 31, 2014, tax returns related to fiscal years ended December 31, 2010 through December 31, 2013 remain open to possible examination by the tax authorities. No tax returns are currently under examination by any tax authorities. We did not incur any penalties or interest during the three months ended March 31, 2014 or 2013.
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.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Share-Based Compensation
	We value all share-based payments to employees at the estimated fair value on the date of grant and we expense these payments over the applicable vesting period.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	Certain reclassifications have been made to prior period amounts in order to conform with the current year presentation.

Loans_and_Allowance_for_Credit1

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Schedule Of Notes and Loans Receivable [Table Text Block]	'
	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.
		March 31, 2014		December 31, 2013
	Loan participation interest – related parties	$	34,542,000	$	32,910,000
	Notes receivable, net		468,838,000		444,720,000
	Notes receivable – related parties		34,076,000		30,854,000
	Total	$	537,456,000	$	508,484,000
Schedule Of Classification Of Loan Receivable [Table Text Block]	'
	Our loans are classified as follows:
		March 31, 2014		December 31, 2013
	Real Estate:
	Construction, acquisition and land development	$	544,808,000	$	514,993,000
	Allowance for loan losses		-4,533,000		-3,828,000
	Unamortized commitment fees		-2,819,000		-2,681,000
	Total	$	537,456,000	$	508,484,000
Schedule Of Maturity Date Of Outstanding Loan Receivable [Table Text Block]	'
	The following table represents the scheduled maturity dates of the 120 loans outstanding as of March 31, 2014:
		Related Party						Non-related party					Total
	Maturity	Amount		Loans		% of		Amount		Loans	% of		Amount		Loans	% of
	Date					Total					Total					Total
	Matured	$	-	-		-		$	-	-	-		$	-	-	-
	2014		11,658,000	8		17	%		223,145,000	29	47	%		234,803,000	37	43	%
	2015		42,530,000	7		62	%		111,998,000	26	24	%		154,528,000	33	28	%
	2016		11,891,000	3		17	%		109,876,000	33	23	%		121,767,000	36	22	%
	2017		-	-		-			30,960,000	13	6	%		30,960,000	13	6	%
	2018		2,750,000	1		4	%		-	-	-			2,750,000	1	1	%
	Total	$	68,829,000	19		100	%	$	475,979,000	101	100	%	$	544,808,000	120	100	%
	The following table represents the scheduled maturity dates of the 114 loans outstanding as of December 31, 2013:
		Related Party						Non-related party					Total
	Maturity	Amount		Loans		% of		Amount		Loans	% of		Amount		Loans	% of
	Date					Total					Total					Total
	Matured	$	-	-		-		$	-	-	-		$	-	-	-
	2014		34,129,000	12		53	%		255,599,000	35	57	%		289,728,000	47	56	%
	2015		16,987,000	3		27	%		73,007,000	21	16	%		89,994,000	24	17	%
	2016		12,812,000	3		20	%		98,824,000	32	22	%		111,636,000	35	22	%
	2017		-	-		-			23,635,000	8	5	%		23,635,000	8	5	%
	Total	$	63,928,000	18		100	%	$	451,065,000	96	100	%	$	514,993,000	114	100	%
Schedule Of Credit Quality Of Assets [Table Text Block]	'
	As of the dates indicated, our loans were classified as follows:
		March 31, 2014		December 31, 2013
	Level 1	$	544,808,000	$	514,993,000
	Level 2		-		-
	Level 3		-		-
	Total	$	544,808,000	$	514,993,000
Schedule Of Allowance For Loan Receivable [Table Text Block]	'
	The following table summarizes the change in the reserve for loan losses during the three months ended March 31, 2014 and the year ended December 31, 2013, which is offset against notes receivable:
		For the Three Months		For the Year Ended
		Ended March 31, 2014		December 31, 2013
	Balance, beginning of year	$	3,828,000	$	1,766,000
	Provision for loan losses		705,000		2,062,000
	Charge-offs		-		-
	Balance, end of period	$	4,533,000	$	3,828,000

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2014
Stockholders Equity Note [Abstract]	'
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	'
	The following table reflects Restricted Shares that have been granted to Ms. Dwyer and shares that have vested or have been forfeited by Ms. Dwyer for the three months ended March 31, 2014.
		Restricted Shares
	Outstanding at January 1, 2014		-
	Granted		82,410
	Vested		-
	Forfeited		-
	Outstanding at March 31, 2014		82,410
Distributions To Shareholders [Table Text Block]	'
	We have made the following distributions to our shareholders for the three months ended March 31, 2014:
	Period Ended	Date Paid		Distribution
				Amount
	31-Dec-13	15-Jan-14		$	4,435,000
	31-Jan-14	24-Feb-14			4,444,000
	28-Feb-14	24-Mar-14			4,020,000
				$	12,899,000
Schedule Of Sources Of Distributions to Equity Holders [Table Text Block]	'
	The distributions paid for the three months ended March 31, 2014 and 2013, along with the amount of distributions reinvested pursuant to our DRIP and the sources of our distributions are reflected in the table below.
		Three months ended March 31,
		2014					2013
	Distributions paid in cash	$	7,748,000				$	5,300,000
	Distributions reinvested		5,151,000					2,800,000
	Total distributions	$	12,899,000				$	8,100,000
	Source of distributions:
	Cash from operations	$	5,539,000		43	%	$	3,200,000	40	%
	Borrowings under credit facilities		7,360,000		57	%		4,900,000	60	%
	Total sources	$	12,899,000		100	%	$	8,100,000	100	%

Share_Redemption_Program_Table

Share Redemption Program (Tables)	3 Months Ended
	Mar. 31, 2014
Unit Redemption Program [Abstract]	'
Schedule Of Redemption Activity Of Shares [Table Text Block]	'
	The following table summarizes the redemption activity for the three months ended March 31, 2014 and the year ended December 31, 2013. The amounts presented are in total shares:
		March 31, 2014		December 31, 2013
	Balance, beginning of year		-		-
	Redemption requests received		103,518		88,376
	Shares redeemed		-103,518		-88,376
	Balance, end of period		-		-

Real_Estate_Owned_Tables

Real Estate Owned (Tables)	3 Months Ended
	Mar. 31, 2014
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 three months ended March 31, 2014 and the year ended December 31, 2013.
		March 31, 2014		December 31, 2013
	Real estate owned, beginning of period	$	8,237,000		-
	Purchases of lots		4,050,000		9,017,000
	Sales of lots		-2,190,000		-780,000
	Real estate owned, end of period	$	10,097,000	$	8,237,000

Notes_Payable_and_Lines_of_Cre1

Notes Payable and Lines of Credit (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Schedule Of Notes Payable Balances [Table Text Block]	'
	The chart below summarizes the approximate outstanding balance of our note payable and each of our lines of credit as of the date indicated:
	Facility	March 31, 2014		December 31, 2013
	Credit Facility	$	-	$	-
	UDF IV HF CTB LOC		10,000,000		10,000,000
	CTB Revolver		14,350,000		14,556,000
	UTB Revolver		-		-
	F&M Loan		-		-
	Legacy Revolver		2,500,000		-
	Veritex Revolver		2,000,000		-
	Affiliated Bank Loan		2,500,000		-
	UDF IV Fin VII Legacy LOC		-		-
	UDF IV Fin VI CTB LOC		4,470,000		5,963,000
	Independent Bank Loan		5,000,000		-
	Total	$	40,820,000	$	30,519,000
Schedule Of Interest Expense [Table Text Block]	'
	The following table represents the approximate interest expense incurred associated with our note payable and lines of credit for the period indicated:
		For the three months ended March 31,
	Facility	2014		2013
	Credit Facility	$	-	$	98,000
	UDF IV HF CTB LOC		106,000		83,000
	CTB Revolver		154,000		110,000
	UTB Revolver		-		51,000
	F&M Loan		-		71,000
	Legacy Revolver		13,000		2,000
	Veritex Revolver		-		59,000
	Affiliated Bank Loan		12,000		-
	UDF IV Fin VII Legacy LOC		-		-
	UDF IV Fin VI CTB LOC		58,000		-
	Independent Bank Loan		20,000		-
	Total interest expense	$	363,000	$	474,000

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2014
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 March 31,
	Facility	2014			2013
	Credit Facility	$	-		$	4,000
	UDF IV HF CTB LOC		13,000			7,000
	CTB Revolver		5,000			14,000
	UTB Revolver		-			3,000
	F&M Loan		16,000			5,000
	Legacy Revolver		-			4,000
	Veritex Revolver		6,000			5,000
	Affiliated Bank Loan		7,000			-
	UDF IV Fin VII Legacy LOC		12,000			-
	UDF IV Fin VI CTB LOC		31,000			-
	Independent Bank Loan		19,000			-
	Total	$	109,000		$	42,000
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 H. 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 March 31,
	Facility	2014			2013
	UDF IV HF CTB LOC	$	25,000		$	15,000
	CTB Revolver		36,000			20,000
	F&M Loan		-			14,000
	UDF IV Fin VI CTB LOC		13,000			-
	Total	$	74,000		$	49,000
Schedule Of Related Party Payments [Table Text Block]	'
	The table below summarizes the approximate payments to related parties for the three months ended March 31, 2014 and the year ended December 31, 2013:
	Payee	Purpose		For the Three Months						For the Year Ended
				Ended						December 31, 2013
				March 31, 2014
	UMTH GS
		O&O Reimbursement		$	-		-			$	8,167,000	33	%
		Advisory Fees			2,501,000		92	%			7,819,000	32	%
		Debt Financing Fees			-		-				361,000	1	%
	UMTH LD
		Acquisition and Origination Fees			155,000		6	%			7,953,000	33	%
	UDF III
		Credit Enhancement Fees			59,000		2	%			132,000	1	%
	Total Payments			$	2,715,000		100	%		$	24,432,000	100	%
Schedule Of Related Party Expenses [Table Text Block]	'
	The table below summarizes the approximate expenses associated with related parties for the three months ended March 31, 2014 and 2013:
		For the Three Months Ended March 31,
	Purpose	2014							2013
	Advisory Fees	$	2,700,000			100	%		$	1,642,000		100	%
	Total Advisory fee – related party	$	2,700,000			100	%		$	1,642,000		100	%
	Amortization of Debt Financing Fees	$	109,000			9	%		$	42,000		5	%
	Acquisition and Origination Fees		1,083,000			85	%			829,000		90	%
	Credit Enhancement Fees		74,000			6	%			49,000		5	%
	Total General and administrative – related parties	$	1,266,000			100	%		$	920,000		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	March 31, 2014			December 31, 2013
	Buffington Participation Agreements	$	1,263,000		$	2,826,000
	Buffington Classic Participation Agreement		280,000			279,000
	TR Finished Lot Participation		2,765,000			3,346,000
	TR Paper Lot Participation		12,816,000			12,617,000
	Carrollton Participation Agreement		-			-
	165 Howe Participation Agreement		-			-
	Pine Trace Participation Agreement		7,346,000			6,646,000
	Northpointe Participation Agreement		1,585,000			1,585,000
	Northpointe II Participation Agreement		2,597,000			3,000,000
	UMTHF Megatel Participation		3,805,000			-
	URHF Buckingham Participation		1,197,000			1,425,000
	URHF Bratton Hill Participation		888,000			1,186,000
	Total	$	34,542,000		$	32,910,000
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	March 31, 2014			December 31, 2013
	Buffington Participation Agreements	$	16,000		$	47,000
	Buffington Classic Participation Agreement		24,000			16,000
	TR Finished Lot Participation		52,000			66,000
	TR Paper Lot Participation		665,000			197,000
	Carrollton Participation Agreement		-			-
	165 Howe Participation Agreement		-			-
	Pine Trace Participation Agreement		8,000			562,000
	Northpointe Participation Agreement		47,000			-
	Northpointe II Participation Agreement		4,000			-
	UMTHF Megatel Participation		24,000			-
	URHF Buckingham Participation		29,000			91,000
	URHF Bratton Hill Participation		24,000			64,000
	Total	$	893,000		$	1,043,000
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 March 31,
	Loan Name	2014			2013
	Buffington Participation Agreements	$	92,000		$	216,000
	Buffington Classic Participation Agreement		10,000			17,000
	TR Finished Lot Participation		111,000			133,000
	TR Paper Lot Participation		467,000			393,000
	Carrollton Participation Agreement		-			23,000
	165 Howe Participation Agreement		-			36,000
	Pine Trace Participation Agreement		214,000			167,000
	Northpointe Participation Agreement		47,000			9,000
	Northpointe II Participation Agreement		84,000			-
	UMTHF Megatel Participation		24,000			-
	URHF Buckingham Participation		35,000			-
	URHF Bratton Hill Participation		29,000			-
	Total	$	1,113,000		$	994,000
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	March 31, 2014			December 31, 2013
	HLL Indian Springs Loan	$	-		$	-
	Buffington Classic CL		-			-
	HLL II Highland Farms Loan		1,489,000			1,572,000
	HLL Hidden Meadows Loan		11,218,000			10,643,000
	Ash Creek Loan		1,627,000			1,756,000
	UDF TX Two Loan		501,000			502,000
	UDF PM Loan		4,133,000			3,822,000
	HLL IS Loan		2,763,000			2,522,000
	One KR Loan		9,806,000			10,201,000
	Rowe Lane Loan		2,750,000			-
	Total	$	34,287,000		$	31,018,000
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	March 31, 2014			December 31, 2013
	HLL Indian Springs Loan	$	-		$	-
	Buffington Classic CL		-			-
	HLL II Highland Farms Loan		11,000			-
	HLL Hidden Meadows Loan		172,000			1,028,000
	Ash Creek Loan		14,000			22,000
	UDF TX Two Loan		32,000			16,000
	UDF PM Loan		208,000			83,000
	HLL IS Loan		96,000			12,000
	One KR Loan		197,000			-
	Rowe Lane Loan		38,000			-
	Total	$	768,000		$	1,161,000
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 March 31,
	Loan Name	2014			2013
	HLL Indian Springs Loan	$	-		$	6,000
	Buffington Classic CL		-			5,000
	HLL II Highland Farms Loan		49,000			45,000
	HLL Hidden Meadows Loan		350,000			301,000
	Ash Creek Loan		55,000			81,000
	UDF TX Two Loan		16,000			106,000
	UDF PM Loan		125,000			35,000
	HLL IS Loan		83,000			103,000
	One KR Loan		314,000			219,000
	Rowe Lane Loan		38,000			-
	Total	$	1,030,000		$	901,000
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 March 31,
	Loan	2014			2013
	HLL II Highland Farms Loan	$	-		$	2,000
	HLL Hidden Meadows Loan		6,000			6,000
	HLL IS Loan		5,000			5,000
	One KR Loan		13,000			13,000
	Rowe Lane Loan		3,000			-
	Total	$	27,000		$	26,000

Nature_of_Business_Details_Tex

Nature of Business (Details Textual)	3 Months Ended
	Mar. 31, 2014
UDF IV OP [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	100.00%
UMTH LD [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	0.00%
UDF IV HF [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FI [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FII [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV AC [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV FIII [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin IV [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin V [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin VI [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin VII [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV Fin VIII [Member]	'
Nature of Business [Line Items]	'
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
UDF IV LB I [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV LB II [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV Woodcreek [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV LBIII [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%
UDF IV LB IV [Member]	'
Nature of Business [Line Items]	'
Equity Method Investment, Ownership Percentage	100.00%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Significant Accounting Policies [Line Items]	'	'
Loan Participation Interests, Terms and Manner of Settlement	'the participations have terms ranging from 12 to 31 months and bear interest at rates ranging from 12% to 15%.	'
Notes Receivable (Including Related Party), Terms and Manner of Settlement	'the notes have terms ranging from 5 to 48 months and bear interest at rates ranging from 11% to 15%.	'
Unamortized Commitment Fees Included In Notes Receivable	$2,600,000	$2,500,000
Unamortized Commitment Fees Included In Notes Receivable Related Party	$211,000	$164,000
Option Fee Percentage	13.00%	'
UMTH LD [Member]	'	'
Significant Accounting Policies [Line Items]	'	'
Acquisition and Origination Fee Payable, Percentage	3.00%	'
Minimum [Member]	'	'
Significant Accounting Policies [Line Items]	'	'
Option Agreements Term	'18 months	'
Loan Participation Interest Rate	12.00%	'
Notes Receivable Interest Rate	11.00%	'
Maximum [Member]	'	'
Significant Accounting Policies [Line Items]	'	'
Option Agreements Term	'24 months	'
Loan Participation Interest Rate	15.00%	'
Notes Receivable Interest Rate	15.00%	'

Registration_Statement_Details

Registration Statement (Details Textual) (USD $)	0 Months Ended	19 Months Ended		1 Months Ended	0 Months Ended
	Nov. 12, 2009	Jun. 30, 2011	3-May-13	Apr. 19, 2013	Nov. 12, 2009	3-May-13
				Distribution Reinvestment Plan [Member]	Distribution Reinvestment Plan [Member]	Distribution Reinvestment Plan [Member]
Common Shares Of Beneficial Interest To Be Offered, Maximum Number	25,000,000	'	'	7,500,000	10,000,000	'
Common Shares Of Beneficial Interest To Be Offered, Price Per Share (in dollars per share)	$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 $)	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Loan participation interest - related parties	$34,542,019	$32,909,958
Notes receivable, net	468,837,593	444,720,197
Notes receivable - related parties	34,076,234	30,854,000
Total	$537,456,000	$508,484,000

Loans_and_Allowance_for_Credit3

Loans and Allowance for Credit Losses (Details 1) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Real Estate:	'	'
Construction, acquisition and land development	$544,808,000	$514,993,000
Allowance for loan losses	-4,533,000	-3,828,000
Unamortized commitment fees	-2,819,000	-2,681,000
Total	$537,456,000	$508,484,000

Loans_and_Allowance_for_Credit4

Loans and Allowance for Credit Losses (Details 2) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	$544,808,000	$514,993,000
Notes and Loan Receivable Outstanding, Number	120	114
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	68,829,000	63,928,000
Notes and Loan Receivable Outstanding, Number	19	18
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	475,979,000	451,065,000
Notes and Loan Receivable Outstanding, Number	101	96
Percentage Of Notes and Loan Receivable Outstanding	100.00%	100.00%
Matured [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	0
Notes and Loan Receivable Outstanding, Number	0	0
Percentage Of Notes and Loan Receivable Outstanding	0.00%	0.00%
Matured [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	0
Notes and Loan Receivable Outstanding, Number	0	0
Percentage Of Notes and Loan Receivable Outstanding	0.00%	0.00%
Matured [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	0
Notes and Loan Receivable Outstanding, Number	0	0
Percentage Of Notes and Loan Receivable Outstanding	0.00%	0.00%
Maturity Date 2014 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	234,803,000	289,728,000
Notes and Loan Receivable Outstanding, Number	37	47
Percentage Of Notes and Loan Receivable Outstanding	43.00%	56.00%
Maturity Date 2014 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	11,658,000	34,129,000
Notes and Loan Receivable Outstanding, Number	8	12
Percentage Of Notes and Loan Receivable Outstanding	17.00%	53.00%
Maturity Date 2014 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	223,145,000	255,599,000
Notes and Loan Receivable Outstanding, Number	29	35
Percentage Of Notes and Loan Receivable Outstanding	47.00%	57.00%
Maturity Date 2015 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	154,528,000	89,994,000
Notes and Loan Receivable Outstanding, Number	33	24
Percentage Of Notes and Loan Receivable Outstanding	28.00%	17.00%
Maturity Date 2015 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	42,530,000	16,987,000
Notes and Loan Receivable Outstanding, Number	7	3
Percentage Of Notes and Loan Receivable Outstanding	62.00%	27.00%
Maturity Date 2015 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	111,998,000	73,007,000
Notes and Loan Receivable Outstanding, Number	26	21
Percentage Of Notes and Loan Receivable Outstanding	24.00%	16.00%
Maturity Date 2016 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	121,767,000	111,636,000
Notes and Loan Receivable Outstanding, Number	36	35
Percentage Of Notes and Loan Receivable Outstanding	22.00%	22.00%
Maturity Date 2016 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	11,891,000	12,812,000
Notes and Loan Receivable Outstanding, Number	3	3
Percentage Of Notes and Loan Receivable Outstanding	17.00%	20.00%
Maturity Date 2016 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	109,876,000	98,824,000
Notes and Loan Receivable Outstanding, Number	33	32
Percentage Of Notes and Loan Receivable Outstanding	23.00%	22.00%
Maturity Date 2017 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	30,960,000	23,635,000
Notes and Loan Receivable Outstanding, Number	13	8
Percentage Of Notes and Loan Receivable Outstanding	6.00%	5.00%
Maturity Date 2017 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	0
Notes and Loan Receivable Outstanding, Number	0	0
Percentage Of Notes and Loan Receivable Outstanding	0.00%	0.00%
Maturity Date 2017 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	30,960,000	23,635,000
Notes and Loan Receivable Outstanding, Number	13	8
Percentage Of Notes and Loan Receivable Outstanding	6.00%	5.00%
Maturity Date 2018 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	2,750,000	'
Notes and Loan Receivable Outstanding, Number	1	'
Percentage Of Notes and Loan Receivable Outstanding	1.00%	'
Maturity Date 2018 [Member] | Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	2,750,000	'
Notes and Loan Receivable Outstanding, Number	1	'
Percentage Of Notes and Loan Receivable Outstanding	4.00%	'
Maturity Date 2018 [Member] | Non Related Party [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	$0	'
Notes and Loan Receivable Outstanding, Number	0	'
Percentage Of Notes and Loan Receivable Outstanding	0.00%	'

Loans_and_Allowance_for_Credit5

Loans and Allowance for Credit Losses (Details 3) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	$544,808,000	$514,993,000
Credit Quality Level 1 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	544,808,000	514,993,000
Credit Quality Level 2 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	0	0
Credit Quality Level 3 [Member]	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Construction, acquisition and land development	$0	$0

Loans_and_Allowance_for_Credit6

Loans and Allowance for Credit Losses (Details 4) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Balance, beginning of year	$3,828,000	$1,766,000
Provision for loan losses	705,000	2,062,000
Charge-offs	0	0
Balance, end of period	$4,533,000	$3,828,000

Loans_and_Allowance_for_Credit7

Loans and Allowance for Credit Losses (Details Textual)	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Loans Originated And Purchased Number	149	139
Loans Repaid Fully By Respective Borrower, Number	29	25

Shareholders_Equity_Details

Shareholders' Equity (Details)	3 Months Ended
	Mar. 31, 2014
Outstanding at January 1, 2014	0
Granted	82,410
Vested	0
Forfeited	0
Outstanding at March 31, 2014	82,410

Shareholders_Equity_Details_1

Shareholders' Equity (Details 1) (USD $)	3 Months Ended		70 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Class of Stock [Line Items]	'	'	'
Distribution Amount	$12,899,000	$8,100,000	$86,900,000
December Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	15-Jan-14	'	'
Distribution Amount	4,435,000	'	'
January Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	24-Feb-14	'	'
Distribution Amount	4,444,000	'	'
February Distributions [Member]	'	'	'
Class of Stock [Line Items]	'	'	'
Date Paid	24-Mar-14	'	'
Distribution Amount	$4,020,000	'	'

Shareholders_Equity_Details_2

Shareholders' Equity (Details 2) (USD $)	3 Months Ended		70 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Class of Stock [Line Items]	'	'	'
Distributions paid in cash	$7,748,000	$5,300,000	'
Distributions reinvested	5,151,000	2,800,000	'
Total distributions	12,899,000	8,100,000	86,900,000
Source of distributions:	'	'	'
Cash from operations	5,539,000	3,200,000	'
Borrowings under credit facilities	7,360,000	4,900,000	'
Total sources	$12,899,000	$8,100,000	'
Cash from operations, percentage	43.00%	40.00%	'
Borrowings under credit facilities, percentage	57.00%	60.00%	'
Total sources, percentage	100.00%	100.00%	'

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textual) (USD $)

0 Months Ended

3 Months Ended

12 Months Ended

19 Months Ended

70 Months Ended

3 Months Ended

36 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

Nov. 12, 2009

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Jun. 30, 2011

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Vesting After Four Years [Member]

Vesting After Five Years [Member]

Subsequent Event [Member]

Distribution Reinvestment Plan [Member]

Distribution Reinvestment Plan [Member]

Primary Offering [Member]

Primary Offering [Member]

Secondary Distribution Reinvestment Plan [Member]

Secondary Distribution Reinvestment Plan [Member]

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares Issued Pursuant to Offering

'

32,372,772

'

32,115,232

'

32,372,772

'

'

'

723,617

723,617

30,735,813

30,735,813

913,341

655,802

Proceeds From Issuance Of Common Stock Net Of Issuance Costs

'

'

'

'

'

'

'

'

'

'

'

$535,000,000

$535,000,000

'

'

Proceeds from Issuance or Sale of Equity

'

'

'

'

'

'

'

'

'

14,500,000

14,500,000

614,700,000

614,700,000

18,200,000

13,100,000

Treasury stock, shares

'

316,425

'

212,907

'

316,425

'

'

'

'

'

'

'

'

'

Treasury Stock, Value, Acquired, Cost Method

'

6,000,000

'

4,100,000

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

Distributions

'

12,899,000

8,100,000

'

'

86,900,000

'

'

'

'

'

'

'

'

'

Distributions paid in cash

'

7,748,000

5,300,000

'

'

'

'

'

'

'

'

'

'

'

'

Distributions reinvested

'

5,151,000

2,800,000

'

'

'

'

'

'

'

'

'

'

'

'

Net cash provided by operating activities

'

5,538,782

3,234,010

'

'

'

'

'

'

'

'

'

'

'

'

Distributions payable

'

2,679,935

'

2,653,450

'

2,679,935

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

'

82,410

'

'

'

'

82,410

12,500

'

'

'

'

'

'

'

Shares Issued, Price Per Share

'

$20

'

'

'

$20

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total

'

1,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Allocated Share-based Compensation Expense

'

$52,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Share_Redemption_Program_Detai

Share Redemption Program (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Share Redemption Program [Line Items]	'	'
Balance (in shares)	0	0
Redemption requests received (in shares)	103,518	88,376
Shares redeemed (in shares)	-103,518	-88,376
Balance (in shares)	0	0

Share_Redemption_Program_Detai1

Share Redemption Program (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014
Share Redemption Program [Line Items]	'
Share Redemption Program, Shares Held For Five Years, Purchase Price Description	'for any shares held at least five years, the lesser of the purchase price actually paid or the then-current fair market value of the shares as determined by the most recent annual valuation of our shares.
Shares Redeemed Upon Death Of Shareholder, Purchase Price Description	'the purchase price the shareholder actually paid for the shares or (2) $20.00 per share.
Shares Redeemed Upon Death Of Shareholder, Minimum Purchase Price	$20
Maximum Percentage Of Units Redeemable Upon Death Of Limited Partner	1.00%
Maximum Percentage Of Shares Redeemable	5.00%
Maximum Percentage Of Cash Available For Redemption	1.00%
Shares Held Less Than Two Years [Member]	'
Share Redemption Program [Line Items]	'
Share Redemption Program, Purchase Price, Percentage	92.00%
Shares Held For Two Years But Less Than Three Years [Member]	'
Share Redemption Program [Line Items]	'
Share Redemption Program, Purchase Price, Percentage	94.00%
Shares Held For Three Years But Less Than Four Years [Member]	'
Share Redemption Program [Line Items]	'
Share Redemption Program, Purchase Price, Percentage	96.00%
Shares Held For Four Years But Less Than Five Years [Member]	'
Share Redemption Program [Line Items]	'
Share Redemption Program, Purchase Price, Percentage	98.00%

Organizational_and_Offering_Co1

Organizational and Offering Compensation (Details Textual)	3 Months Ended
	Mar. 31, 2014
Organizational and Offering Compensation [Line Items]	'
Offering Compensation, Percentage	3.00%
Selling Commissions, Percentage	6.50%
Dealer Manager Fees, Percentage	3.50%

Operational_Compensation_Detai

Operational Compensation (Details Textual)	3 Months Ended
	Mar. 31, 2014
Operational Compensation [Line Items]	'
Advisory Fee On Average Of Invested Assets Percentage	2.00%
Line Of Credit Facility Debt Financing Fee Percentage	1.00%
Line Of Credit Facility Annual Renewal Of Debt Financing Fee Percentage	0.25%
Percentage Of Advisory Fee Based On Preceding Year Net Income	15.00%
Preceding Year Net Income, Minimum Percentage Applicable For Advisory Fee Calculation	10.00%

DispositionLiquidation_Compens1

Disposition/Liquidation Compensation (Details Textual)	3 Months Ended
	Mar. 31, 2014
Disposition Liquidation Compensation [Line Items]	'
Securitized Loan Pool Placement Fee Percentage	2.00%
Advisory Disposition Fee Determination Criteria	'the lesser of one-half of the reasonable and customary real estate or brokerage commission or 2% of the contract sales price of each property sold
Maximum Total Disposition Fees	6.00%
Listing Of Common Shares In National Securities Exchange [Member]	'
Disposition Liquidation Compensation [Line Items]	'
Listing Of Common Shares In National Securities Exchange Fee Percentage	15.00%
Basic Percentage Of Annual Cumulative Return For Determination Of Advisory Fee	10.00%

Real_Estate_Owned_Details

Real Estate Owned (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Real Estate Owned [Line Items]	'	'
Real estate owned, beginning of period	$8,236,953	$0
Purchases of lots	4,050,000	9,017,000
Sales of lots	-2,190,000	-780,000
Real estate owned, end of period	$10,096,953	$8,236,953

Notes_Payable_and_Lines_of_Cre2

Notes Payable and Lines of Credit (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	$40,820,000	$30,519,000
CTB Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	14,350,000	14,556,000
UTB Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	0
Veritex Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	2,000,000	0
Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	0
UDF IV HF CTB LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	10,000,000	10,000,000
F&M Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	0
Legacy Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	2,500,000	0
Affiliated Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	2,500,000	0
UDF IV Fin VII Legacy LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	0
UDF IV Fin VI CTB LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	4,470,000	5,963,000
Independent Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	$5,000,000	$0

Notes_Payable_and_Lines_of_Cre3

Notes Payable and Lines of Credit (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	$363,031	$474,381
CTB Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	154,000	110,000
UTB Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	0	51,000
Veritex Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	0	59,000
Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	0	98,000
UDF IV HF CTB LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	106,000	83,000
F&M Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	0	71,000
Legacy Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	13,000	2,000
Affiliated Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	12,000	0
UDF IV Fin VII Legacy LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	0	0
UDF IV Fin VI CTB LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	58,000	0
Independent Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Expense, Total	$20,000	$0

Notes_Payable_and_Lines_of_Cre4

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

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 $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Jul. 31, 2013	19-May-10
UDF IV HF CTB LOC [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$10	$6
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 March 31, 2014)	'	'
Line of Credit Facility, Expiration Date	30-Jul-15	'	'
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'	'

Notes_Payable_and_Lines_of_Cre6

Notes Payable and Lines of Credit CTB Revolver (Details Textual) (CTB Revolver [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Apr. 11, 2013	Aug. 19, 2010	Apr. 11, 2014
				Subsequent Event [Member]
Line of Credit Facility [Line Items]	'	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$15	$8	'
Line of Credit Facility, Interest Rate Description	'the interest rate was modified to prime plus 1%, subject to a floor of 4.25% (4.25% at March 31, 2014).	'	'	'
Line of Credit Facility, Expiration Date	30-Jul-15	'	'	'
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'	'	'
Line Of Credit Facility Increased Borrowing Capacity	'	'	'	$25

Notes_Payable_and_Lines_of_Cre7

Notes Payable and Lines of Credit UTB Revolver (Details Textual) (UTB Revolver [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Aug. 18, 2011	Sep. 29, 2010
UTB Revolver [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$4	$3.40
Line of Credit Facility, Expiration Date	30-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 $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Sep. 01, 2011	Dec. 14, 2010
F&M Loan [Member]	'	'	'
Line of Credit Facility [Line Items]	'	'	'
Line Of Credit Facility Borrowing Capacity	$15	$7.50	$5
Line of Credit Facility, Expiration Date	14-Dec-14	'	'
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'	'
Line Of Credit Facility, Interest Rate Description	'The interest rate on the F&M Loan is equal to the greater of prime plus 1.5% or 5.0% per annum (5.0% at March 31, 2014)	'	'

Notes_Payable_and_Lines_of_Cre9

Notes Payable and Lines of Credit Legacy Revolver (Details Textual) (Legacy Revolver [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Nov. 01, 2011
Legacy Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5
Line of Credit Facility, Expiration Date	12-Jan-15	'
Line Of Credit Facility, Interest Rate Description	'the interest rate on the Legacy Revolver is equal to the greater of prime plus 1% or 5.5% per annum (5.5% at March 31, 2014), provided that the interest rate associated with advances related to development loans is 5.875% until substantial completion of the development project.	'

Recovered_Sheet1

Notes Payable and Lines of Credit Veritex Revolver (Details Textual) (Veritex Revolver [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Jul. 31, 2012
Veritex Revolver [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5.30
Line of Credit Facility, Expiration Date	31-Jul-15	'
Line Of Credit Facility, Interest Rate Description	'Veritex Revolver was modified to prime plus 1%, subject to a floor of 4.5% (4.5% at March 31, 2014).	'

Recovered_Sheet2

Notes Payable and Lines of Credit Affiliated Bank Loan (Details Textual) (Affiliated Bank Loan [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Jul. 23, 2013
Affiliated Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$5.50
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 March 31, 2014).	'
Line Of Credit Facility, Expiration Date	23-Jul-15	'

Recovered_Sheet3

Notes Payable and Lines of Credit UDF IV Fin VII Legacy LOC (Details Textual) (UDF IV Fin VII Legacy LOC [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Aug. 05, 2013
UDF IV Fin VII Legacy LOC [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$10
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 March 31, 2014).	'
Line Of Credit Facility, Expiration Date	5-Aug-15	'

Recovered_Sheet4

Notes Payable and Lines of Credit UDF IV Fin VI CTB LOC (Details Textual) (UDF IV Fin VI CTB LOC [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Aug. 19, 2013	Apr. 11, 2014
			Subsequent Event [Member]
Line of Credit Facility [Line Items]	'	'	'
Line Of Credit Facility Borrowing Capacity	'	$25	'
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 March 31, 2014).	'	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%	'	'
Line Of Credit Facility Unused Portion	25	'	'
Line Of Credit Facility, Expiration Date	19-Aug-15	'	'
Line Of Credit Facility, Credit Enhancement Fee, Percentage	1.00%	'	'
Line Of Credit Facility Borrowing Capacity After Reduction	'	'	$15

Recovered_Sheet5

Notes Payable and Lines of Credit Independent Bank Loan (Details Textual) (Independent Bank Loan [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 06, 2013
Independent Bank Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line Of Credit Facility Borrowing Capacity	'	$15
Line Of Credit Facility, Interest Rate Description	'The interest rate under the Independent Bank Loan is equal to the greater of prime plus 0.875% or 4.125% per annum (4.125% at March 31, 2014).	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.50%	'
Line Of Credit Facility Unused Portion	$15	'
Line Of Credit Facility, Expiration Date	6-Dec-15	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details Textual) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Jun. 26, 2009

Dec. 31, 2011

Dec. 31, 2011

Jul. 22, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

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]

United Residential Home Finance LP [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]

Loss Contingencies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility Guaranty Amount

'

'

'

'

$6,300,000

'

$25,000,000

$15,000,000

'

'

'

'

'

'

Line Of Credit Facility Guaranty Outstanding

'

'

4,900,000

5,100,000

'

'

'

'

1,200,000

1,200,000

3,900,000

'

7,600,000

25,000,000

Percentage Interest of Related Party Owned By Affiliated Entity

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

75.00%

Percentage Interest of Related Party Owned By Asset Manager

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

Guaranty Facility, Credit Enhancement Fee Receivable, Percentage

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

Guarantees Outstanding, Number

9

9

'

'

'

'

'

'

'

'

'

'

'

'

Guarantee Obligations Credit Risk

65,700,000

65,700,000

'

'

'

'

'

'

'

'

'

'

'

'

Guarantees Outstanding, Borrowed Value

14,200,000

18,700,000

'

'

'

'

'

'

'

'

'

'

'

'

Commitment Fee Income Related Party

'

'

'

'

'

'

'

'

3,000

'

16,000

29,000

'

'

Line Of Credit Facility, Credit Enhancement Fee, Percentage

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

Accounts Receivable, Related Parties

$2,037,993

$2,607,292

'

'

'

'

'

'

'

'

$10,000

'

$15,000

'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	$222,879	$95,738
Credit Facility [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	0	4,000
UDF IV HF CTB LOC [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	13,000	7,000
CTB Revolver [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	5,000	14,000
UTB Revolver [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	0	3,000
F&M Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	16,000	5,000
Legacy Revolver [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	0	4,000
Veritex Revolver [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	6,000	5,000
Affiliated Bank Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	7,000	0
UDF IV Fin VII Legacy LOC [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	12,000	0
UDF IV Fin VI CTB LOC [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	31,000	0
Independent Bank [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amortization of Other Deferred Charges	$19,000	$0

Related_Party_Transactions_Det1

Related Party Transactions (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transaction [Line Items]	'	'
General and Administrative Expense Related Party	$74,000	$49,000
UDF IV HF CTB LOC [Member]	'	'
Related Party Transaction [Line Items]	'	'
General and Administrative Expense Related Party	25,000	15,000
CTB Revolver [Member]	'	'
Related Party Transaction [Line Items]	'	'
General and Administrative Expense Related Party	36,000	20,000
F&M Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
General and Administrative Expense Related Party	0	14,000
UDF IV Fin VI CTB LOC [Member]	'	'
Related Party Transaction [Line Items]	'	'
General and Administrative Expense Related Party	$13,000	$0

Related_Party_Transactions_Det2

Related Party Transactions (Details 2) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	$2,715,000	$24,432,000
Related Party Transaction Payment Percentage	100.00%	100.00%
UMTH GS [Member] | O&O Reimbursement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	0	8,167,000
Related Party Transaction Payment Percentage	0.00%	33.00%
UMTH GS [Member] | Advisory Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	2,501,000	7,819,000
Related Party Transaction Payment Percentage	92.00%	32.00%
UMTH GS [Member] | Debt Financing Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	0	361,000
Related Party Transaction Payment Percentage	0.00%	1.00%
UMTH LD [Member] | Acquisition and Origination Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	155,000	7,953,000
Related Party Transaction Payment Percentage	6.00%	33.00%
UDF III [Member] | Credit Enhancement Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Amounts of Transaction	$59,000	$132,000
Related Party Transaction Payment Percentage	2.00%	1.00%

Related_Party_Transactions_Det3

Related Party Transactions (Details 3) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transaction [Line Items]	'	'
Advisory Fees	$2,699,882	$1,641,566
Total Advisory fee - related party	2,699,882	1,641,566
Total General and Administrative - related parties	1,266,059	920,013
Advisory Fees, Percentage	100.00%	100.00%
Total Advisory fee - related party, Percentage	100.00%	100.00%
Total General and Administrative - related parties, Percentage	100.00%	100.00%
Amortization Of Debt Financing Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Total General and Administrative - related parties	109,000	42,000
Total General and Administrative - related parties, Percentage	9.00%	5.00%
Acquisition and Origination Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Total General and Administrative - related parties	1,083,000	829,000
Total General and Administrative - related parties, Percentage	85.00%	90.00%
Credit Enhancement Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Total General and Administrative - related parties	$74,000	$49,000
Total General and Administrative - related parties, Percentage	6.00%	5.00%

Related_Party_Transactions_Det4

Related Party Transactions (Details 4) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	$34,542,000	$32,910,000
Buffington Participation Agreements [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	1,263,000	2,826,000
Buffington Classic Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	280,000	279,000
TR Finished Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	2,765,000	3,346,000
TR Paper Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	12,816,000	12,617,000
Carrollton Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	0	0
165 Howe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	0	0
Pine Trace Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	7,346,000	6,646,000
Northpointe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	1,585,000	1,585,000
Northpointe II Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	2,597,000	3,000,000
UMTHF Megatel Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	3,805,000	0
URHF Buckingham Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	1,197,000	1,425,000
URHF Bratton Hill Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Participation Related Party	$888,000	$1,186,000

Related_Party_Transactions_Det5

Related Party Transactions (Details 5) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	$2,037,993	$2,607,292
Buffington Participation Agreements [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	16,000	47,000
Buffington Classic Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	24,000	16,000
TR Finished Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	52,000	66,000
TR Paper Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	665,000	197,000
Carrollton Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	0	0
165 Howe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	0	0
Pine Trace Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	8,000	562,000
Northpointe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	47,000	0
Northpointe II Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	4,000	0
UMTHF Megatel Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	24,000	0
URHF Buckingham Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	29,000	91,000
URHF Bratton Hill Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable,Related Parties	$24,000	$64,000

Related_Party_Transactions_Det6

Related Party Transactions (Details 6) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transaction [Line Items]	'	'
Interest income - related parties	$2,143,189	$1,895,259
Buffington Participation Agreements [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	92,000	216,000
Buffington Classic Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	10,000	17,000
TR Finished Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	111,000	133,000
TR Paper Lot Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	467,000	393,000
Carrollton Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	0	23,000
165 Howe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	0	36,000
Pine Trace Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	214,000	167,000
Northpointe Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	47,000	9,000
Northpointe II Participation Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	84,000	0
UMTHF Megatel Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	24,000	0
URHF Buckingham Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	35,000	0
URHF Bratton Hill Participation [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest income - related parties	$29,000	$0

Related_Party_Transactions_Det7

Related Party Transactions (Details 7) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	$34,287,000	$31,018,000
HLL Indian Springs Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	0	0
Buffington Classic CL [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	0	0
HLL II Highland Farms Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	1,489,000	1,572,000
HLL Hidden Meadows Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	11,218,000	10,643,000
Ash Creek Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	1,627,000	1,756,000
UDF TX Two Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	501,000	502,000
UDF PM Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	4,133,000	3,822,000
HLL IS Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	2,763,000	2,522,000
One KR Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	9,806,000	10,201,000
Rowe Lane Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Balance Of Notes Receivable Related	$2,750,000	$0

Related_Party_Transactions_Det8

Related Party Transactions (Details 8) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	$2,037,993	$2,607,292
HLL Indian Springs Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	0	0
Buffington Classic CL [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	0	0
HLL II Highland Farms Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	11,000	0
HLL Hidden Meadows Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	172,000	1,028,000
Ash Creek Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	14,000	22,000
UDF TX Two Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	32,000	16,000
UDF PM Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	208,000	83,000
HLL IS Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	96,000	12,000
One KR Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	197,000	0
Rowe Lane Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accounts Receivable, Related Parties	$38,000	$0

Related_Party_Transactions_Det9

Related Party Transactions (Details 9) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	$2,143,189	$1,895,259
HLL Indian Springs Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	0	6,000
Buffington Classic CL [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	0	5,000
HLL II Highland Farms Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	49,000	45,000
HLL Hidden Meadows Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	350,000	301,000
Ash Creek Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	55,000	81,000
UDF TX Two Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	16,000	106,000
UDF PM Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	125,000	35,000
HLL IS Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	83,000	103,000
One KR Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	314,000	219,000
Rowe Lane Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Interest Income, Related Party	$38,000	$0

Recovered_Sheet6

Related Party Transactions (Details 10) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transaction [Line Items]	'	'
Commitment Fee Income Related Parties	$46,345	$55,631
HLL II Highland Farms Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Commitment Fee Income Related Parties	0	2,000
HLL Hidden Meadows Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Commitment Fee Income Related Parties	6,000	6,000
HLL IS Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Commitment Fee Income Related Parties	5,000	5,000
One KR Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Commitment Fee Income Related Parties	13,000	13,000
Rowe Lane Loan [Member]	'	'
Related Party Transaction [Line Items]	'	'
Commitment Fee Income Related Parties	$3,000	$0

Related_Party_Transactions_O_a

Related Party Transactions O and O Reimbursement (Details Textual) (Organization and Offering Costs [Member], USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Organization and Offering Costs [Member]	'	'
Related Party Transaction [Line Items]	'	'
Noninterest Expense Offering Cost	'	$8.20
Advisory Fee Percentage	3.00%	'

Related_Party_Transactions_Adv

Related Party Transactions Advisory Fees (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'	'
Accrued liabilities - related parties	$4,665,125	'	$3,339,143
Advisory fee - related party	2,699,882	1,641,566	'
Average Of Invested Assets [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Advisory Fee Percentage	2.00%	'	'
Advisory Fees [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Accrued liabilities - related parties	1,000,000	'	842,000
Advisory fee - related party	$2,700,000	$1,600,000	'

Related_Party_Transactions_Acq

Related Party Transactions Acquisition and Origination Fees (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'	'
General and administrative - related parties	$1,266,059	$920,013	'
Accrued liabilities - related parties	4,665,125	'	3,339,143
Net Amount Available For Investment In Secured Loans and Other Real Estate Assets [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Placement Fees Percentage	3.00%	'	'
Acquisition and Origination Fees [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
General and administrative - related parties	1,100,000	829,000	'
Acquisition and Origination Fees [Member] | UMTH LD [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Accrued liabilities - related parties	$3,300,000	'	$2,400,000

Related_Party_Transactions_Deb

Related Party Transactions Debt Financing Fees (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$4,665,125	$3,339,143
Debt Financing Fee [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$0	$0

Related_Party_Transactions_Cre

Related Party Transactions Credit Enhancement Fees (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$4,665,125	$3,339,143
Credit Enhancement Fees [Member]	'	'
Related Party Transaction [Line Items]	'	'
Accrued liabilities - related parties	$16,000	$17,000

Related_Party_Transactions_Loa

Related Party Transactions Loan Participation Interest - Related Parties (Details Textual) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2009	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2010
	Carrollton Participation Agreement [Member]	165 Howe Participation Agreement [Member]	Buffington Participation Agreements [Member]	Pine Trace Participation Agreement [Member]	URHF Buckingham Participation [Member]	URHF Bratton Hill Participation [Member]	Buffington Classic Participation Agreement [Member]
Related Party Transaction [Line Items]	'	'	'	'	'	'	'
Percentage Interest of Related Party Owned By Affiliated Entity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Note Receivable Related Party Loan Amount	'	'	'	'	$4.90	$3	'

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	Sep. 20, 2012	Oct. 17, 2012	Nov. 29, 2012	Dec. 14, 2012	Feb. 18, 2014
	HLL Indian Springs Loan [Member]	HLL II Highland Farms Loan [Member]	HLL Hidden Meadows Loan [Member]	Ash Creek Loan [Member]	Udf Tx Two Loan [Member]	Udf Pm Loan [Member]	HLL IS Loan [Member]	One Kr Loan [Member]	Rowe Lane Loan [Member]
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'
Percentage Interest of Related Party Owned By Affiliated Entity	'	'	'	'	50.00%	'	'	'	'
Note Receivable - Related Party Loan Amount	$1,800,000	$1,900,000	$9,900,000	$3,000,000	$2,900,000	$5,100,000	$6,400,000	$15,300,000	$7,500,000
Related Party Notes And Loan Receivable Interest Rate Terms Description	'	'	'	'	'	'	'	'	'lower of 13% per annum, or the highest rate allowed by law.
Loan Origination Fee Receivable	'	19,000	99,000	'	'	'	64,000	153,000	75,000
Related Party Loans Interest Reserve	'	'	'	'	'	'	'	'	$2,500,000
Loan Agreement Description	'	'	'	'	'	'	'	'	'The Rowe Lane Loan provides Rowe Lane with funding to acquire and develop 71.388 acres of land into approximately 285 single family lots. The Rowe Lane Loan was initially evidenced and secured by a first lien deed of trust recorded against approximately 28 acres, as well as a second lien deed of trust recorded against approximately 43 acres, and other loan documents.

Concentration_of_Credit_Risk_D

Concentration of Credit Risk (Details Textual)	3 Months Ended
	Mar. 31, 2014
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'
Largest Borrower And Affiliate Concentration	65.00%
Credit Risk Concentration Percentage	10.00%

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (Subsequent Event [Member], USD $)	0 Months Ended
In Millions, except Per Share data, unless otherwise specified	Apr. 28, 2014	Apr. 11, 2014	Apr. 11, 2014
		UDF IV Fin VI CTB LOC [Member]	UTB Revolver [Member]
Subsequent Event [Line Items]	'	'	'
Entity Listing, Par Value Per Share	$0.01	'	'
Line of Credit Facility, Current Borrowing Capacity	'	$25	$15
Line Of Credit Facility Increased Borrowing Capacity	'	'	25
Line Of Credit Facility Borrowing Capacity After Reduction	'	$15	'