Redwood Mortgage Investors IX 10-Q 10 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2016shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	CK0001448038
Entity Registrant Name	Redwood Mortgage Investors IX
Entity Central Index Key	1,448,038
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	0

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 4,095,647	$ 1,808,839
Loans
Principal	34,537,126	27,360,138
Advances	20,756	22,731
Accrued interest	235,056	177,209
Loan balances secured by deeds of trust	34,792,938	27,560,078
Loan administrative fees, net	37,215	86,398
Total loans	34,830,153	27,646,476
Total assets	38,925,800	29,455,315
LIABILITIES, INVESTORS IN APPLICANT STATUS, AND MEMBERS’ CAPITAL
Liabilities – Accounts payable	196	2,664
Investors in applicant status	2,549,997	1,022,865
Members’ capital, net	38,806,731	30,171,527
Receivable from manager (formation loan)	(2,431,124)	(1,741,741)
Members’ capital, net, less formation loan	36,375,607	28,429,786
Total liabilities, investors in applicant status and members’ capital	$ 38,925,800	$ 29,455,315

Statements of Income

Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues, net
Interest income	$ 696,544	$ 462,963	$ 1,917,460	$ 1,272,594
Late fees	4,539	1,951	11,352	7,283
Total revenues	701,083	464,914	1,928,812	1,279,877
Operations Expense
Mortgage servicing fees	20,228	13,501	55,749	38,714
Costs from Redwood Mortgage Corp., net (Note 3)				36,286
Professional services, net (Note 3)			4,500	8,359
Other	1,663	110	5,849	14,177
Total operations expense	21,891	13,611	66,098	97,536
Net income	679,192	451,303	1,862,714	1,182,341
Members (99%)	672,400	446,790	1,844,086	1,170,518
Managers (1%)	6,792	4,513	18,628	11,823
Net income	$ 679,192	$ 451,303	$ 1,862,714	$ 1,182,341

Statements of Income (Parenthet

Statements of Income (Parenthetical)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Members investment	99.00%	99.00%	99.00%	99.00%
Managers investment	1.00%	1.00%	1.00%	1.00%

Statement of Changes in Members

Statement of Changes in Members' Capital - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Beginning balance		$ 28,429,786
Net income	$ 679,192	1,862,714
Ending balance	36,375,607	36,375,607
Investors In Applicant Status [Member]
Beginning balance	1,509,600	1,022,865
Early withdrawal penalties	0	0
Ending balance	2,549,997	2,549,997
Capital Members [Member]
Beginning balance	37,318,444	31,403,178
Net income	672,400	1,844,086
Early withdrawal penalties	0	0
Ending balance	40,386,920	40,386,920
Managers Capital Net [Member]
Beginning balance	47,749	47,874
Net income	6,792	18,628
Early withdrawal penalties	0	0
Ending balance	57,424	57,424
Unallocated Syndication Costs Members [Member]
Beginning balance	(1,516,259)	(1,279,525)
Organization and offering expenses	(129,717)	(381,661)
Early withdrawal penalties	262	262
Ending balance	(1,637,613)	(1,637,613)
Members Capital, Net [Member]
Beginning balance	35,849,934	30,171,527
Net income	679,192	1,862,714
Organization and offering expenses	(129,717)	(381,661)
Early withdrawal penalties	262	262
Ending balance	38,806,731	38,806,731
Contributions On Application [Member] | Investors In Applicant Status [Member]
Partners capital accounts	3,923,003	10,008,518
Contributions Admitted To Members Capital | Investors In Applicant Status [Member]
Partners capital accounts	(2,882,606)	(8,481,386)
Contributions Admitted To Members Capital | Capital Members [Member]
Partners capital accounts	2,882,606	8,481,386
Contributions Admitted To Members Capital | Managers Capital Net [Member]
Partners capital accounts	2,883	8,493
Contributions Admitted To Members Capital | Members Capital, Net [Member]
Partners capital accounts	2,885,489	8,489,879
Premiums Paid On Application By R M C [Member] | Investors In Applicant Status [Member]
Partners capital accounts		11,594
Premiums Admitted To Members Capital | Investors In Applicant Status [Member]
Partners capital accounts		(11,594)
Premiums Admitted To Members Capital | Capital Members [Member]
Partners capital accounts		11,594
Premiums Admitted To Members Capital | Members Capital, Net [Member]
Partners capital accounts		11,594
Earnings Distributed To Members [Member] | Capital Members [Member]
Partners capital accounts	(624,011)	(1,723,613)
Earnings Distributed To Members [Member] | Managers Capital Net [Member]
Partners capital accounts		(17,571)
Earnings Distributed To Members [Member] | Members Capital, Net [Member]
Partners capital accounts	(624,011)	(1,741,184)
Earnings Distributed Used In DRIP [Member] | Capital Members [Member]
Partners capital accounts	346,001	970,934
Earnings Distributed Used In DRIP [Member] | Members Capital, Net [Member]
Partners capital accounts	346,001	970,934
Member's Redemptions [Member] | Capital Members [Member]
Partners capital accounts	(208,520)	(600,645)
Member's Redemptions [Member] | Members Capital, Net [Member]
Partners capital accounts	(208,520)	(600,645)
Manager Redemptions [Member] | Unallocated Syndication Costs Members [Member]
Partners capital accounts	8,101	23,311
Manager Redemptions [Member] | Members Capital, Net [Member]
Partners capital accounts	$ 8,101	$ 23,311

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Operations
Interest received	$ 690,103	$ 455,652	$ 1,887,752	$ 1,318,040
Other loan income	4,589	1,951	11,502	7,283
Loan administrative fee reimbursed (paid)		14,162	21,044	(76,012)
Operations expense	(17,775)	(13,179)	(68,148)	(19,296)
Net cash provided by (used in) operating activities	676,917	458,586	1,852,150	1,230,015
Investing – loan principal/advances
Principal collected on loans	4,105,589	4,736,100	14,611,262	10,780,949
Loans originated	(7,620,750)	(5,256,730)	(21,788,250)	(14,274,123)
Advances on loans	311	(13,376)	1,976	(13,611)
Total cash provided by (used in) investing	(3,514,850)	(534,006)	(7,175,012)	(3,506,785)
Contributions by members, net
Organization and offering expenses paid, net	(121,616)	(98,744)	(358,351)	(276,062)
Formation loan funding	(273,910)	(138,980)	(689,746)	(424,999)
Formation loan collected				8,366
Total cash provided by members, net	3,530,395	1,731,701	8,980,566	5,370,759
Distributions to members
Distributions to Member	(486,531)	(475,803)	(1,370,896)	(1,334,944)
Total cash provided by (used in) financing	3,043,864	1,255,898	7,609,670	4,035,815
Net increase (decrease) in cash	205,931	1,180,478	2,286,808	1,759,045
Cash, beginning of period	3,889,716	1,842,881	1,808,839	1,264,314
Cash, end of period	4,095,647	3,023,359	4,095,647	3,023,359
Net income	679,192	451,303	1,862,714	1,182,341
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Amortization of loan administrative fees	9,799	37,913	28,139	112,130
Change in operating assets and liabilities
Accrued interest	(16,239)	(13,042)	(57,847)	(34,502)
Receivable from affiliate	3,541			77,347
Loan administrative fees reimbursed (paid)		(18,020)	21,044	(108,194)
Other	624	432	(1,900)	893
Total adjustments	(2,275)	7,283	(10,564)	47,674
Net cash provided by (used in) operating activities	676,917	458,586	1,852,150	1,230,015
Members Equity Contributions [Member]
Contributions by members, net
Contributions by members/manager	3,925,921	1,969,425	10,028,663	6,063,454
Earnings Distributed To Members [Member]
Distributions to members
Distributions to Member	(278,011)	(189,032)	(770,251)	(546,333)
Member's Redemptions [Member]
Distributions to members
Distributions to Member	$ (208,520)	$ (286,771)	$ (600,645)	$ (788,611)

Organization and General

Organization and General	9 Months Ended
	Sep. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and General	NOTE 1 – ORGANIZATION AND GENERAL In the opinion of the manager, the accompanying unaudited financial statements contain all adjustments, consisting of normal, recurring adjustments, necessary to present fairly the financial information included therein. These financial statements should be read in conjunction with the audited financial statements included in the company’s Form 10-K for the fiscal year ended December 31, 2015 filed with the U.S. Securities and Exchange Commission (or SEC). The results of operations for the three and nine month periods ended September 30, 2016 are not necessarily indicative of the operations results to be expected for the full year. Redwood Mortgage Investors IX, LLC (RMI IX or the company) is a Delaware limited liability company formed in October 2008 to engage in business as a mortgage lender and investor by making and holding-for-investment mortgage loans secured by California real estate, primarily through first and second deeds of trust. The company is externally managed. Redwood Mortgage Corp. (or RMC) is the manager of the company. The manager is solely responsible for managing the business and affairs of the company, subject to the voting rights of the members on specified matters. The manager acting alone has the power and authority to act for and bind the company. The manager is required to contribute to capital one tenth of one percent (0.1%) of the aggregate capital accounts of the members. The mortgage loans the company funds and/or invests in are arranged and generally are serviced by RMC. The rights, duties and powers of the members and manager of the company are governed by the company’s operating agreement, the Delaware Limited Liability Company Act and the California Revised Uniform Limited Liability Company Act. Members should refer to the company’s operating agreement for complete disclosure of its provisions. Profits and losses are allocated among the members according to their respective capital accounts monthly after one percent (1%) of the profits and losses are allocated to the manager. The monthly results are subject to subsequent adjustment as a result of quarterly and year-end accounting and reporting. Federal and state income taxes are the obligation of the members, if and when taxes apply, other than the annual California franchise tax and any California LLC cash receipts taxes paid by the company. The ongoing sources of funds for loans are the proceeds from (1) sale of members’ units, including units sold by reinvestment of distributions (DRIP), (2) loan payoffs, (3) borrowers’ monthly principal and interest payments, and, (4) to a lesser degree and, if obtained, a line of credit. Cash generated from loan payoffs and borrower payments of principal and interest is used for operating expenses, income distributions to members, reimbursements to RMC of origination and offering expenses and unit redemptions. The cash flow, if any, in excess of these uses is re-invested in new loans. Ongoing public offering of units/ SEC registrations In June 2016, the company’s Registration Statement on Form S-11 filed with SEC (SEC File No. 333-208315) to offer up to 120,000,000 units ($120,000,000) to the public and 20,000,000 units ($20,000,000) to its members pursuant to our distribution reinvestment plan (DRIP) became effective and is effective for up to three (3) years thereafter. The units have been registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (or the Exchange Act). Such registration of the units, along with the satisfaction of certain other requirements under ERISA, enables the units to qualify as “publicly-offered securities” for purposes of the Employee Retirement Income Security Act of 1974 (or ERISA) and regulations issued thereunder. By satisfying those requirements, the underlying assets of the company should not be considered assets of a “benefit plan investor” (as defined under ERISA) by virtue of the investment by such benefit plan investor in the units. Distribution policy Cash available for distribution at the end of each calendar month is allocated ninety-nine percent (99%) to the members and one percent (1%) to the manager. Cash available for distribution means cash funds provided from operations (excluding repayments for loan principal and other capital transaction proceeds), net of cash funds used to pay certain operating expenses and debt repayments, less amounts set aside for creation or restoration of reserves. The manager may withhold from cash available for distribution otherwise distributable to the members with respect to any period the respective amounts of organization and offering expenses allocated to the members for the applicable period pursuant to the company’s reimbursement and allocation of organization and offering expenses policy. Per the terms of the company’s operating agreement, cash available for distribution allocated to the members is allocated among the members in proportion to their percentage interests (except with respect to differences in the amounts of organization and offering expenses allocated to the respective members during the applicable period) and in proportion to the number of days during the applicable month that they owned such percentage interests. Distributions allocable to members, other than those participating in the DRIP, are distributed to them in cash at the end of each calendar month. The manager’s allocable share of cash available for distribution is also distributed not more frequently than with cash distributions to members. Cash available for distribution allocable to members who participate in the DRIP is credited to their respective capital accounts at the end of each calendar month. Distribution reinvestment plan The DRIP provision of the operating agreement permits members to elect to have all or a portion of their monthly distributions reinvested in additional units. Members may withdraw from the DRIP with written notice. Liquidity and unit redemption program No public trading market exists for the units and none is likely to develop. Thus, there is no certainty the units can be sold at a price equal to the stated value of the capital account. In order to provide liquidity, the company adopted a unit redemption program that provides for a member to redeem all or part of its units, subject to certain limitations. After a one-year period, a member may redeem all or part of its units, subject to certain limitations. The price paid for redeemed units is based on the lesser of the purchase price paid by the redeeming member or the member’s capital account balance as of the date of each redemption payment. Redemption value is calculated as follows: • After one year: 92% of purchase price or the capital account balance, whichever is less; • After two years: 94% of purchase price or the capital account balance, whichever is less; • After three years: 96% of purchase price or the capital account balance, whichever is less; • After four years: 98% of purchase price or the capital account balance, whichever is less; • After five years: 100% of purchase price or the capital account balance, whichever is less. The company redeems units at the end of each quarter, subject to certain limitations as provided for in the operating agreement. The number of units that may be redeemed per quarter per individual member is subject to a maximum of the greater of 100,000 units or 25% of the member’s units outstanding. For redemption requests requiring more than one quarter to fully redeem, the percentage discount amount that, if any, applies when the redemption payments begin continues to apply throughout the redemption period and applies to all units covered by such redemption request regardless of when the final redemption payment is made. The company will not, in any calendar year, redeem more than five percent (5%) of the weighted average number of units outstanding during the twelve-month period immediately prior to the date of the redemption. The company has not established a cash reserve from which to fund redemptions. The company’s capacity to redeem units upon request is limited by the availability of cash and the company’s cash flow. Lending and investment guidelines, objectives and criteria The company’s loans generally have shorter maturity terms than typical mortgages. In the event a borrower is unable to repay in full the principal owing on the loan at maturity, the company may consider extending the term through a loan modification or may foreclose and take back the property for sale. Generally, interest rates on the company’s mortgage loans are not affected by market movements in interest rates. If, as expected, we continue to make primarily fixed rate loans and interest rates were to rise, a possible result would be lower prepayments of the company’s loans. This increase in the duration of the time loans are on the books may reduce overall liquidity, which itself may reduce the company’s ability to invest into loans at higher interest rates. Conversely, if interest rates were to decline, we could see a significant increase in borrower prepayments. If we then invest in new loans at lower rates of interest, a lower yield to members may possibly result. RMI IX’s primary investment objectives are to: • Yield a favorable rate of return from the company’s business of making and/or investing in mortgage loans, • Preserve and protect the company’s capital by making and/or investing in loans secured by California real estate, preferably income-producing properties geographically situated in the San Francisco Bay Area and the coastal metropolitan regions of Southern California, and, • Generate and distribute net cash flow from these mortgage lending and investing activities. The company generally funds loans: • Having monthly payments of interest only or of principal and interest at fixed rates, calculated on a 30-year amortization basis with a balloon payment at maturity, and, • Having maturities of 5 years or less, not to exceed 15 years. The cash flow and the income generated by the real property securing the loan factor into the credit decisions, as does the general creditworthiness, experience and reputation of the borrower. However, for loans secured by real property, other than owner-occupied personal residences, such considerations are subordinate to a determination that the value of the real property is sufficient, in and of itself, as a source of repayment. The amount of the company’s loan combined with the outstanding debt and claims secured by a senior deed of trust on the real property, if any, generally is not to exceed a percentage of the appraised value of the property (the “loan to value ratio”, or LTV) specified in the lending guidelines. Unit sales commissions paid to broker-dealers/formation loan Commissions for units sales to be paid to broker-dealers (B/D sales commissions) are paid by RMC and are not paid directly by the company out of offering proceeds. Instead, the company advances to RMC, from offering proceeds, amounts not exceeding seven percent (7%) of offering proceeds in the aggregate to pay the B/D sales commissions and premiums to be paid to investors in connection with unsolicited orders. The receivable arising from the advances is unsecured and non-interest bearing and is referred to as the “formation loan.” Reimbursement and allocation of organization and offering expenses The manager is reimbursed for, or the company may pay directly, organization and offering expenses (or O&O expenses) incurred in connection with the organization of the company or offering of the units including, without limitation, attorneys’ fees, accounting fees, printing costs and other selling expenses (other than sales commissions) in a total amount not exceeding 4.5% of the original purchase price of all units (other than DRIP units) sold in all offerings (hereafter, the “maximum O&O expenses”), and the manager pays any O&O expenses in excess of the maximum O&O expenses. For each calendar quarter or portion thereof after December 31, 2015 that a member holds units (other than DRIP units) and for a maximum of forty such quarters, a portion of the O&O expenses borne by the company is allocated to and debited from that member’s capital account in an annual amount equal to 0.45% of the member’s original purchase price for those units, in equal quarterly installments of 0.1125% each commencing with the later of the first calendar quarter of 2016 or the first full calendar quarter after a member’s purchase of units, and continuing through the quarter in which such units are redeemed. If at any time the aggregate O&O expenses actually paid or reimbursed by the company since inception are less than the maximum O&O expenses, the company shall first reimburse the manager for any O&O expenses previously borne by it so long as it does not result in the company bearing more than the maximum O&O expenses, and any savings thereafter remaining shall be equitably allocated among (and serve to reduce any subsequent cost allocations to) those members who have not yet received forty quarterly allocations of O&O expenses, as determined in the good faith judgment of the managers. Any O&O expenses with respect to a member’s units that remain unallocated upon redemption of such units shall be reimbursed to the company by the manager. Term of the company The term of the company will continue until October 8, 2028, unless sooner terminated as provided in the operating agreement.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Management estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions about the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, at the dates of the financial statements and the reported amounts of revenues and expenses during the reported periods. Such estimates relate principally to the determination of the allowance for loan losses, including, when applicable, the valuation of impaired loans (which itself requires determining the fair value of the collateral), and the valuation of real estate held for sale and held as investment, at acquisition and subsequently. Actual results could differ significantly from these estimates. -Fair value estimates GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact; and (iv) willing to transact. Fair values of assets and liabilities are determined based on the fair-value hierarchy established in GAAP. The hierarchy is comprised of three levels of inputs to be used: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the company has the ability to access at the measurement date. An active market is a market in which transactions occur with sufficient frequency and volume to provide pricing information on an ongoing basis. • Level 2 inputs are inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly in active markets and quoted prices for identical assets or liabilities that are not active, and inputs other than quoted prices that are observable or inputs derived from or corroborated by market data. • Level 3 inputs are unobservable inputs for the asset or liability. Unobservable inputs reflect the company’s own assumptions about the assumptions market participants would use in pricing the asset or liability (including assumptions about risk). Unobservable inputs are developed based on the best information available in the circumstances and may include the company’s own data. The fair value of the collateral is determined by exercise of judgment based on management’s experience informed by appraisals (by licensed appraisers), brokers’ opinion of values and publicly available information on in-market transactions. Appraisals of commercial real property generally present three approaches to estimating value: 1) market comparables or sales approach; 2) cost to replace; and 3) capitalized cash flows or investment approach. These approaches may or may not result in a common, single value. The market-comparables approach may yield several different values depending on certain basic assumptions, such as, determining highest and best use (which may or may not be the current use); determining the condition (e.g., as-is, when-completed or for land when-entitled); and determining the unit of value (e.g., as a series of individual unit sales or as a bulk disposition). Management has the requisite familiarity with the real estate markets it lends in generally and of the properties lent on specifically to analyze sales-comparables and assess their suitability/applicability. Management is acquainted with market participants – investors, developers, brokers, lenders – that are useful, relevant secondary sources of data and information regarding valuation and valuation variability. These secondary sources may have familiarity with and perspectives on pending transactions, successful strategies to optimize value and the history and details of specific properties – on and off the market – that enhance the process and analysis that is particularly and principally germane to establishing value in distressed markets and/or property types. Collateral fair values are reviewed quarterly and the protective equity for each loan is computed. As used herein, “protective equity” is the arithmetic difference between the fair value of the collateral, net of any senior liens, and the loan balance, where “loan balance” is the sum of the unpaid principal, advances and the recorded interest thereon. This computation is done for each loan (whether impaired or performing), and while loans secured by collateral of similar property type are grouped, there is enough distinction and variation in the collateral that a loan-by-loan, collateral-by-collateral analysis is appropriate. Cash and cash equivalents The company considers all highly liquid financial instruments with maturities of three months or less at the time of purchase to be cash equivalents. Periodically, the company’s cash balances in banks exceed federally insured limits. Loans and interest income Loans generally are stated at the unpaid principal balance (principal). Management has discretion to pay amounts (advances) to third parties on behalf of borrowers to protect the company’s interest in the loan. Advances include, but are not limited to, the payment of interest and principal on a senior lien to prevent foreclosure by the senior lien holder, property taxes, insurance premiums and attorney fees. Advances generally are stated at the amounts paid out on the borrower’s behalf and any accrued interest on amounts paid out, until repaid by the borrower. The company may fund a specific loan origination net of an interest reserve to insure timely interest payments at the inception (one to two years) of the loan. As monthly interest payments become due, the company funds the payments into the affiliated trust account. In the event of an early loan payoff, any unapplied interest reserves would be first applied to any accrued but unpaid interest and then as a reduction to the principal. If events and/or changes in circumstances cause management to have serious doubts about the collectability of the payments of interest and principal in accordance with the loan agreement, a loan may be designated as impaired. Impaired loans are included in management’s periodic analysis of recoverability. Any subsequent payments on impaired loans are applied to late fees, then to the accrued interest, then to advances, and lastly to principal. From time to time, the company negotiates and enters into loan modifications with borrowers whose loans are delinquent. In the normal course of the company’s operations, loans that mature may be renewed at then current market rates and terms for new loans. Such renewals are not designated as impaired, unless the renewed loan was previously designated as impaired. Interest is accrued daily based on the principal of the loans. An impaired loan continues to accrue as long as the loan is in the process of collection and is considered to be well-secured. Loans are placed on non-accrual status at the earlier of management’s determination that the primary source of repayment will come from the foreclosure and subsequent sale of the collateral securing the loan (which usually occurs when a notice of sale is filed) or when the loan is no longer considered well-secured. When a loan is placed on non-accrual status, the accrual of interest is discontinued; however, previously recorded interest is not reversed. A loan may return to accrual status when all delinquent interest and principal payments become current in accordance with the terms of the loan agreement. Loan administration fees paid to RMC for loans funded by the company are capitalized and amortized over the life of the loan on a straight-line method which approximates the effective interest method. Allowance for loan losses Loans and the related accrued interest and advances are analyzed on a periodic basis for ultimate recoverability. Delinquencies are identified and followed as part of the loan system. Delinquencies are determined based upon contractual terms. For impaired loans, a provision is made for loan losses to adjust the allowance for loan losses to an amount considered by management to be adequate, with due consideration to collateral values, such that the net carrying amount (unpaid principal balance, plus advances, plus accrued interest less the specific allowance) is reduced to the present value of future cash flows discounted at the loan’s effective interest rate, or, if a loan is collateral dependent, to the estimated fair value of the related collateral, net of any senior loans, and net of any costs to sell in arriving at net realizable value if planned disposition of the asset securing a loan is by way of sale. The fair value estimates of the related collateral are derived from information available in the real estate markets including similar property and may require the experience and judgment of third parties such as commercial real estate appraisers and brokers. Loans determined not to be individually impaired are grouped by the property type of the underlying collateral, and for each loan and for the total by property type, the amount of protective equity or amount of exposure to loss is computed. Based on its knowledge of the borrowers and their historical (and expected) performance, and the exposure to loss as indicated in the analysis, management estimates an appropriate reserve by property type for probable credit losses in the portfolio. Because the company is an asset-based lender, except as to owner-occupied residences, and because specific regions, neighborhoods and even properties within the same neighborhoods vary significantly as to real estate values and transaction activity, general market trends, which may be indicative of a change in the risk of a loss, and a borrower’s creditworthiness are secondary to the condition of the property, the property type and the neighborhood/region in which the property is located, and do not enter substantially into the determination of the amount of the non-specific (i.e., general) reserves. The company charges off uncollectible loans and related receivables directly to the allowance account once it is determined the full amount is not collectible. Real estate owned (REO) Real estate owned (REO) is property acquired in full or partial settlement of loan obligations generally through foreclosure, and is recorded at acquisition at the lower of the amount owed on the loan (legal basis), plus any senior indebtedness, or at the property’s net realizable value, which is the fair value less estimated costs to sell, as applicable. The fair value estimates are derived from information available in the real estate markets, including similar property, and often require the experience and judgment of third parties such as commercial real estate appraisers and brokers. The estimates figure materially in calculating the value of the property at acquisition, the level of charge to the allowance for loan losses and any subsequent valuation reserves. After acquisition, costs incurred relating to the development and improvement of property are capitalized to the extent they do not cause the recorded value to exceed the net realizable value, whereas costs relating to holding and disposition of the property are expensed as incurred. After acquisition, REO is analyzed periodically for changes in fair values and any subsequent write down is charged to operations expenses. Any recovery in the fair value subsequent to such a write down is recorded and is not to exceed the value recorded at acquisition. Recognition of gains on the sale of real estate is dependent upon the transaction meeting certain criteria related to the nature of the property and the terms of the sale, including potential seller financing. Recently issued accounting pronouncements On June 16, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-13 (ASU 2016-13) Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which introduces new guidance for the accounting for credit losses on instruments within its scope. ASU 2016-13 introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments, including loans. It also modifies the impairment model for available-for-sale (AFS) debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. ASU 2016-13’s approach, referred to as the current expected credit losses (CECL) model, applies to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes loans, held-to-maturity debt securities, loan commitments, financial guarantees, and net investments in leases, as well as reinsurance and trade receivables. Upon initial recognition of the exposure, the CECL model requires an entity to estimate the credit losses expected over the life of an exposure (or pool of exposures). The estimate of expected credit losses (ECL) should consider historical information, current information, and reasonable and supportable forecasts, including estimates of prepayments. ASU 2016-13 does not prescribe a specific method to make the estimate so its application will require significant judgment. Generally, the initial estimate of the ECL and subsequent changes in the estimate will be reported in current earnings. The ECL will be recorded through an allowance for loan losses (ALL) in the statement of financial position. ASU 2016-13 will be effective for SEC filers in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted as of fiscal years beginning after December 15, 2018 including interim periods within those fiscal years. RMC is evaluating the impact of ASU 2016-13 on the credit analytics and other processes used in establishing the allowance for loan losses. The initial conclusion is that, because RMI IX is a real estate based lender, relying primarily on low LTV’s/significant protective equity in making the lending decision, the impact on reported financial position and results of operations will not be material to the financial position or results from operations of the company.

Manager and Other Related Parti

Manager and Other Related Parties	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Manager and Other Related Parties	NOTE 3 – MANAGER AND OTHER RELATED PARTIES RMC’s allocated one percent (1%) of the profits and losses was $6,792 and $4,513 for the three months ended and $18,628 and $11,823 for the nine months ended September 30, 2016 and 2015, respectively. RMC, at its sole discretion, provided financial support in the form of fee waivers and absorbed expenses, that improved RMI IX’s net income and the return to investors in both 2016 and 2015. Total support provided, as detailed below, was approximately $264,000 and $140,000 for the three months ended, and approximately $907,000 and $324,000 for the nine months ended September 30, 2016 and 2015, respectively. The fee waivers and absorbed expenses by RMC were not made for the purpose of providing the company with sufficient funds to satisfy withdrawal requests, nor to meet any required level of distributions, as the company has no such required level of distributions. Any decision by RMC to waive fees and/or to absorb expenses, and the amount (if any) to be waived or absorbed, is made by RMC in its sole discretion. In determining the level of fees to be waived and/or expenses to be absorbed, RMC generally has been guided by the primary investment objectives of RMI IX to yield a favorable rate of return and to generate and distribute cash flow from investment activities (for 2016 and 2015 an annualized distribution rate of 6.5% of members’ capital account balances). Beginning in 2016, members’ capital accounts (except contributions via DRIP units) are assessed 0.45% annually for 10 years for allocations of O&O expenses, and RMC has maintained net income support sufficient so that the O&O expense allocation is made without causing a reduction in members’ capital account balances. No assurance can be given that RMC will continue to provide net income support in the future. Formation loan Formation loan transactions are presented in the following table at September 30, 2016. Nine Months Ended Since Inception Balance, January 1, 2016 $ 1,741,741 $ — Formation loan advances to RMC 689,746 2,888,228 Payments received from RMC — (445,123 ) Early withdrawal penalties applied (363 ) (11,981 ) Balance, September 30, 2016 $ 2,431,124 $ 2,431,124 Subscription proceeds since inception $ 41,175,396 Formation loan advance rate 7 % The future minimum payments on the formation loan are presented in the following table as of September 30, 2016. 2016 $ 174,174 2017 174,174 2018 174,174 2019 174,174 2020 174,174 Thereafter 1,560,254 Total $ 2,431,124 The annual payments on the formation loan are one-tenth of the principal balance outstanding at December 31 of the prior year. Upon completion of the offering, the remaining principal balance outstanding will be paid over 10 years or, if less, over a period until the expiration of the term of our operating agreement, in equal annual installments. The repayment of the formation loan will be reduced partially by a portion of early redemption penalties paid to us and will be forgiven if the manager is removed and RMC is no longer receiving payments for services rendered. The following commissions and fees are paid by borrowers directly to RMC. -Brokerage commissions, loan originations For fees in connection with the review, selection, evaluation, negotiation and extension of loans, RMC may collect a loan brokerage commission that is expected to range from approximately 2% to 5% of the principal amount of each loan made during the year. Total loan brokerage commissions in any year are limited to an amount not to exceed 4% of the total company assets at the beginning of the year. The loan brokerage commissions are paid by borrowers, and thus, are not an expense of the company. These fees totaled $139,061 and $126,202 for the three months ended, and $389,528 and $225,730 for the nine months ended September 30, 2016 and 2015, respectively. -Other fees RMC receives fees for processing, notary, document preparation, credit investigation, reconveyance and other mortgage related fees. The amounts received are customary for comparable services in the geographical area where the property securing the loan is located, payable solely by the borrower and not by the company. These fees totaled $13,976 and $13,567 for the three months ended and $55,200 and $30,161 for the nine months ended September 30, 2016 and 2015, respectively. The following fees are paid by the company to RMC. -Loan administrative fees RMC is entitled to receive a loan administrative fee in an amount up to 1% of the principal amount of each new loan originated or acquired on the company’s behalf by RMC for services rendered in connection with the selection and underwriting of potential loans. Such fees are payable by the company upon the closing or acquisition of each loan. The loan administrative fees paid by the company to RMC were $0 and $18,020 for the three months ended, and $0 and $108,194 for the nine months ended September 30, 2016 and 2015, respectively. In August 2015 RMC, at its sole discretion, began waiving loan administrative fees. Loan administrative fees waived were approximately $82,708 for the three months ended, and $217,883 for the nine months ended September 30, 2016. For the three and nine months ended September 30, 2015, loan administrative fees waived totaled $34,547 There is no assurance RMC will waive these fees in the future. -Mortgage servicing fees RMC earns mortgage servicing fees from the company of up to one-quarter of one percent (0.25%) annually of the unpaid principal balance of the loan portfolio or such lesser amount as is reasonable and customary in the geographic area where the property securing the mortgage is located. RMC is entitled to receive these fees regardless of whether specific mortgage payments are collected. The mortgage servicing fees are accrued monthly on all loans. Remittance to RMC is made monthly unless the loan has been assigned a specific loss reserve, at which point remittance is deferred until the specific loss reserve is no longer required, or the property has been acquired by the company. To enhance the earnings of the company, RMC, in its sole discretion, may elect to accept less than the maximum amount of the mortgage servicing fee. An increase or decrease in this fee within the limits set by the operating agreement directly impacts the yield to the members. Mortgage servicing fees incurred and paid were $20,228 and $13,501 for the three months ended, and $55,749 and $38,714 for the nine months ended September 30, 2016 and 2015, respectively. RMC did not waive any mortgage servicing fees during the three and nine months ended September 30, 2016 and 2015. -Asset management fees RMC is entitled to receive a monthly asset management fee for managing the company’s portfolio and operations in an amount up to three-quarters of one percent (0.75%) annually of the portion of the capital originally committed to investment in mortgages, not including leverage, and including up to two percent (2%) of working capital reserves. This amount is recomputed annually by subtracting from the then fair value of the company’s loans plus working capital reserves, an amount equal to the outstanding debt. RMC, at its sole discretion, may elect to accept less than the maximum amount of the asset management fee. An increase or decrease in this fee within the limits set by the operating agreement directly impacts the yield to the members. There is no assurance RMC will decrease or waive these fees in the future. The maximum asset management fees chargeable by RMC were $71,672 and $51,257 for the three months ended, and $197,307 and $143,595 for the nine months ended September 30, 2016 and 2015, respectively. For the three and nine months ended September 30, 2016 and 2015, no fees were collected. -Costs through RMC RMC, per the operating agreement, may request reimbursement by the company for operations expense incurred on behalf of the company, including without limitation, accounting and audit fees, legal fees and expenses, postage and preparation of reports to members and out-of-pocket general and administration expenses. Certain costs (e.g. postage) can be allocated specifically to the company. Other costs are allocated on a pro-rata basis (e.g. by the company’s percentage of total capital of all mortgage funds managed by RMC). Payroll and consulting fees are broken out first based on activity, and then allocated to the company on a pro-rata basis based on percentage of capital to the total capital of all mortgage funds. The decision to request reimbursement of any qualifying charges is made by RMC at its sole discretion. Costs incurred by RMC, for which reimbursement could have been requested, were $67,676 and $40,473 for the three months ended, and $189,425 and $111,127 for the nine months ended September 30, 2016 and 2015, respectively. For the three and nine months ended September 30, 2016 no fees were collected. For the three and nine months ended September 30, 2015, fees totaling $0 and $36,286, respectively, were collected. -Professional Services RMC, at its sole discretion, may elect to reimburse the company for professional services (primarily audit and tax expense). An increase or decrease in reimbursements by RMC directly impacts the yield to the members. RMC reimbursed the company for professional services of $42,298 and $13,644 for the three months ended, and $301,972 and $71,186 for the nine months ended September 30, 2016 and 2015, respectively. Reimbursement and allocation of organization and offering expenses Organization and offering expenses (O & O expenses) are summarized in the following table for the nine months ended September 30, 2016 and 2015. 2016 2015 Balance, January 1 $ 1,279,525 $ 953,271 O&O expenses reimbursed to RMC 381,541 275,941 Early withdrawal penalties applied (1) (262 ) (3,477 ) O&O expenses allocated — — O&O expenses paid by the company 120 120 O&O expenses reimbursed by RMC (2) (23,311 ) — Balance, September 30, $ 1,637,613 $ 1,225,855 Gross proceeds admitted $ 38,625,400 $ 27,241,215 Percent reimbursed to RMC 4.5 % 4.5 % O & O expenses incurred by RMC, RMI IX inception to date $ 5,167,339 $ 3,264,882 O & O expenses incurred by RMC and remaining to be reimbursed to RMC $ 3,429,578 $ 2,039,027 (1) Early withdrawal penalties collected are applied to the next installment of principal due under the formation loan and to reduce the amount owed RMC for O&O expenses. The amounts credited will be determined by the ratio between the amount of the formation loan and the amount of offering costs incurred by the company. (2) RMC reimburses the company for any unallocated O&O expenses on units redeemed.

Loans

Loans	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Loans	NOTE 4 – LOANS Loans generally are funded at a fixed interest rate with a loan term of up to five years. Loans acquired are generally done so within the first six months of origination, and purchased at the current par value, which approximates fair value. As of September 30, 2016, 83 of the company’s 88 loans (representing 98% of the aggregate principal of the company’s loan portfolio) have a loan term of five years or less from loan inception. The remaining loans have terms longer than five years. Substantially all loans are written without a prepayment penalty provision. As of September 30, 2016, 20 loans outstanding (representing 29% of the aggregate principal balance of the company’s loan portfolio) provide for monthly payments of interest only, with the principal due in full at maturity. The remaining loans require monthly payments of principal and interest, typically calculated on a 30-year amortization, with the remaining principal balance due at maturity. Secured loans unpaid principal balance (principal) Secured loan transactions are summarized in the following table for the nine months ended September 30, 2016 and 2015. 2016 2015 Principal, January 1 $ 27,360,138 $ 19,185,660 Loans funded 600,000 — Loans acquired from affiliates 21,188,250 14,274,123 Principal payments received (14,611,262 ) (10,780,949 ) Principal, September 30 $ 34,537,126 $ 22,678,834 Loan characteristics Secured loans had the characteristics presented in the following table. September 30, December 31, 2016 2015 Number of secured loans 88 75 Secured loans – principal $ 34,537,126 $ 27,360,138 Secured loans – lowest interest rate (fixed) 7.0 % 7.5 % Secured loans – highest interest rate (fixed) 10.0 % 10.0 % Average secured loan – principal $ 392,467 $ 364,801 Average principal as percent of total principal 1.1 % 1.3 % Average principal as percent of members’ capital 1.0 % 1.3 % Average principal as percent of total assets 1.0 % 1.2 % Largest secured loan – principal $ 1,350,000 $ 1,200,000 Largest principal as percent of total principal 3.9 % 4.4 % Largest principal as percent of members’ capital 3.5 % 4.2 % Largest principal as percent of total assets 3.5 % 4.1 % Smallest secured loan – principal $ 14,223 $ 45,906 Smallest principal as percent of total principal 0.1 % 0.2 % Smallest principal as percent of members’ capital 0.1 % 0.2 % Smallest principal as percent of total assets 0.1 % 0.2 % Number of counties where security is located (all California) 17 17 Largest percentage of principal in one county 23.7 % 32.3 % Number of secured loans in foreclosure 1 1 Secured loans in foreclosure – principal $ 191,047 $ 191,772 Number of secured loans with an interest reserve — — Interest reserves $ — $ — Lien position Secured loans had the lien positions presented in the following table. September 30, 2016 December 31, 2015 Loans Principal Percent Loans Principal Percent First trust deeds 68 $ 28,557,550 83 % 59 $ 21,204,614 77 % Second trust deeds 20 5,979,576 17 16 6,155,524 23 Total secured loans 88 34,537,126 100 % 75 27,360,138 100 % Liens due other lenders at loan closing 10,972,632 9,564,255 Total debt $ 45,509,758 $ 36,924,393 Appraised property value at loan closing $ 96,526,082 $ 71,836,840 Percent of total debt to appraised values (LTV) at loan closing (1) 52.0 % 54.8 % (1) Based on appraised values and liens due other lenders at loan closing. The weighted-average loan-to-value (LTV) computation above does not take into account subsequent increases or decreases in property values following the loan closing nor does it include decreases or increases of the amount owing on senior liens to other lenders. Property type Secured loans summarized by property type are presented in the following table. September 30, 2016 December 31, 2015 Loans Principal Percent Loans Principal Percent Single family (2) 66 $ 22,880,527 66 % 58 $ 19,664,462 72 % Multi-family 4 2,200,854 6 4 2,266,402 8 Commercial 18 9,455,745 27 13 5,429,274 20 Total secured loan balance 88 $ 34,537,126 100 % 75 $ 27,360,138 100 % (2) Single family property type as of September 30, 2016 consists of 11 loans with principal of $3,572,182 that are owner occupied and 55 loans with principal of $19,308,345 that are non-owner occupied. At December 31, 2015, single family property consisted of six loans with principal of $2,098,628 that were owner occupied and 52 loans with principal of $17,565,834 that were non-owner occupied. Delinquency Secured loans summarized by payment delinquency are presented in the following table. September 30, 2016 December 31, 2015 Loans Amount Loans Amount Past Due 30-89 days 3 $ 1,269,290 1 $ 318,020 90-179 days — — — — 180 or more days — — — — Total past due 3 1,269,290 1 318,020 Current 85 33,267,836 74 27,042,118 Total secured loan balance 88 $ 34,537,126 75 $ 27,360,138 Modifications and troubled debt restructurings There were no loan modifications made during the three and nine months ended September 30, 2016, and no modifications were in effect as of September 30, 2016 or December 31, 2015. Loans in non-accrual status At September 30, 2016 and December 31, 2015, there were no loans designated in non-accrual status. Impaired loans/allowance for loan losses At September 30, 2016 and December 31, 2015, the company had not designated any loans as impaired and had not recorded an allowance for loan losses, as all loans were deemed to have protective equity such that collection is reasonably assured for amounts owing. Scheduled maturities Secured loans are scheduled to mature as presented in the following table. Scheduled maturities, as of September 30, 2016 Loans Principal Percent 2016 (3) 7 $ 2,940,688 9 % 2017 19 7,407,703 21 2018 20 9,364,895 27 2019 19 7,532,316 22 2020 11 2,642,860 7 2021 9 4,243,425 12 Thereafter 2 214,192 1 Total future maturities 87 34,346,079 99 Matured as of September 30, 2016 (4) 1 191,047 1 Total secured loan balance 88 $ 34,537,126 100 % (3) Loans maturing in 2016 from October 1 to December 31. (4) Loan matured in June 2016 and a multi-year extension is being negotiated. Loans may be repaid or refinanced before, at or after the contractual maturity date. On matured loans, the company may continue to accept payments while pursuing collection of amounts owed from borrowers. Therefore, the above tabulation for scheduled maturities is not a forecast of future cash receipts. For the three and nine months ended September 30, 2016, there were no renewals made. Distribution of loans within California The distribution of secured loans outstanding by California counties is presented in the following table. September 30, 2016 December 31, 2015 Principal Percent Principal Percent San Francisco Bay Area Alameda $ 8,187,300 23.7 % $ 5,121,849 18.7 % San Francisco 4,934,173 14.3 3,885,098 14.2 San Mateo 3,804,525 11.0 3,057,222 11.2 Solano 1,821,773 5.3 — — Contra Costa 1,403,454 4.0 1,303,036 4.7 Santa Clara 1,369,732 4.0 1,383,633 4.9 Marin 378,014 1.1 379,758 1.5 Sonoma 14,223 0.1 45,906 0.2 21,913,194 63.5 15,176,502 55.4 Other Northern California Monterey 2,022,868 5.9 559,304 2.1 Placer 1,076,175 3.1 359,118 1.3 Yolo 161,744 0.5 174,927 0.6 San Joaquin 158,648 0.4 159,533 0.6 Sacramento — — 214,607 0.8 3,419,435 9.9 1,467,489 5.4 Northern California Total 25,332,629 73.4 16,643,991 60.8 Los Angeles & Coastal Los Angeles 7,255,595 21.0 8,841,419 32.3 San Diego 953,343 2.8 593,019 2.2 Orange 497,045 1.4 747,708 2.7 8,705,983 25.2 10,182,146 37.2 Other Southern California Riverside 363,395 1.0 397,973 1.5 San Bernardino 135,119 0.4 136,028 0.5 498,514 1.4 534,001 2.0 Southern California Total 9,204,497 26.6 10,716,147 39.2 Total Secured Loans $ 34,537,126 100.0 % $ 27,360,138 100.0 % Commitments/loan disbursements/construction and rehabilitation loans The company may make construction loans that are not fully disbursed at loan inception. Construction loans are determined by the manager to be those loans made to borrowers for the construction of entirely new structures or dwellings, whether residential, commercial or multi-family properties. The company will approve and fund the construction loan up to a maximum loan balance. Disbursements will be made periodically as phases of the construction are completed or at such other times as the loan documents may require. Undisbursed construction funds will be held in escrow pending disbursement. Upon project completion and receipt of a certificate of occupancy, construction loans are reclassified as permanent loans. Funding of construction loans is limited to 10% of the loan portfolio. At September 30, 2016, the company had no outstanding construction loans and no outstanding commitments to fund construction loans. The company may also make rehabilitation loans. A rehabilitation loan will be approved up to a maximum principal balance and, at loan inception, will be either fully or partially disbursed. If fully disbursed, a rehabilitation escrow account is established and advanced periodically as phases of the rehabilitation are completed or at such other times as the loan documents may require. If not fully disbursed, the rehabilitation loan will be funded from available cash balances and future cash receipts. The company does not maintain a separate cash reserve to fund undisbursed rehabilitation loan obligations. Rehabilitation loan proceeds are generally used to acquire and remodel single family homes for future sale or rental. Upon project completion, rehabilitation loans are reclassified as permanent loans. Funding of rehabilitation loans is limited to 15% of the loan portfolio. At September 30, 2016, the company had no outstanding rehabilitation loans and no outstanding commitments to fund rehabilitation loans. Fair Value The company does not record its loans at fair value on a recurring basis. Loans designated impaired (i.e., that are collateral dependent) are measured at fair value on a non-recurring basis. The company did not have any loans designated impaired at September 30, 2016 or December 31, 2015. - Secured loans, performing (i.e., not designated as impaired) (Level 2) - Each loan is reviewed quarterly for its delinquency, LTV adjusted for the most recent valuation of the underlying collateral, remaining term to maturity, borrower’s payment history and other factors. Also considered is the limited resale market for the loans. Most companies or individuals making similar loans as the company intend to hold the loans until maturity as the average contractual term of the loans (and the historical experience of the time the loan is outstanding due to pre-payments) is shorter than conventional mortgages. As there are no prepayment penalties to be collected, loan buyers may be hesitant to risk paying above par. Due to these factors, sales of the loans are infrequent, because an active market does not exist. The recorded amount of the performing loans (i.e., the loan balance) is deemed to approximate the fair value, although the intrinsic value of the loans would reflect a premium due to the interest to be received. - Secured loans, designated impaired (Level 2) - Secured loans designated impaired are deemed collateral dependent, and the fair value of the loan is the lesser of the fair value of the collateral or the enforceable amount owing under the note. The fair value of the collateral is determined by exercise of judgment based on management’s experience informed by appraisals (by licensed appraisers), brokers’ opinion of values and publicly available information on in-market transactions (Level 2 inputs). The following methods and assumptions are used to determine the fair value of the collateral securing a loan. - Single family – Management’s preferred method for determining the fair market value of the company’s single-family residential assets is the sale comparison (sale comps) method. Management primarily obtains sale comps through its subscription to the RealQuest service, but also uses free online services such as Zillow.com and other available resources to supplement this data. Sale comps are reviewed for similarity to the subject property, examining features such as proximity to subject, number of bedrooms and bathrooms, square footage, sale date, condition and year built. If applicable sale comps are not available or deemed unreliable, management will seek additional information in the form of brokers’ opinions of value or appraisals. - Multi-family residential – Management’s preferred method for determining the aggregate retail value of the company’s multifamily units is the sale comparison method. Sale comps are reviewed for similarity to the subject property, examining features such as proximity to subject, rental income, number of units, composition of units by the number of bedrooms and bathrooms, square footage, condition, amenities and year built. Where adequate sale comps are not available, management will seek additional information in the form of brokers’ opinions of value or appraisals. Management’s secondary method for valuing multifamily assets as income-producing rental operations is the direct capitalization method. In order to determine market capitalization rates (cap rates) for properties of the same class and location as the subject, management refers to published data from reliable third-party sources such as the CBRE Cap Rate Survey. Management applies the appropriate cap rate to the subject’s most recent available annual net operating income to determine the property’s value as an income-producing project. When reliable net operating income information is not available or the project is under development or is under-performing to market, management will seek additional information and analysis to determine the cost to improve and the intrinsic fair value. - Commercial buildings – Where commercial rental income information is available, management’s preferred method for determining the fair value of the company’s commercial real estate assets is the direct capitalization method. In order to determine market cap rates for properties of the same class and location as the subject, management refers to reputable third-party sources such as the CBRE Cap Rate Survey. Management then applies the appropriate cap rate to the subject’s most recent available annual net operating income to determine the property’s value as an income-producing commercial rental project. When reliable net operating income information is not available or the project is under development or is under-performing to market, management will seek additional information and analysis to determine the cost to improve and the intrinsic fair value. Management supplements the direct capitalization method with additional information in the form of a sale comparison analysis (where adequate sale comps are available), brokers’ opinion of value, or appraisal. - Commercial land – Commercial land has many variations/uses, thus requiring management to employ a variety of methods depending upon the unique characteristics of the subject land. Management may rely on information in the form of a sale comparison analysis (where adequate sale comps are available), brokers’ opinion of value, or appraisal.

Commitments and Contingencies,

Commitments and Contingencies, Other Than Loan Commitments and Organization and Offering Costs	9 Months Ended
	Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies, Other Than Loan Commitments and Organization and Offering Costs	NOTE 5 – COMMITMENTS AND CONTINGENCIES, OTHER THAN LOAN COMMITMENTS AND ORGANIZATION AND OFFERING COSTS Legal proceedings In the normal course of business, the company may become involved in various legal proceedings such as assignment of rents, bankruptcy proceedings, appointment of receivers, unlawful detainers, judicial foreclosure, etc. to enforce the provisions of the deeds of trust, collect the debt owed under the promissory notes or protect or recoup its investment from the real property secured by the deeds of trust and to resolve disputes between borrowers, lenders, lien holders and mechanics. None of these actions typically would be of any material importance. As of September 30, 2016, the company was not involved in any legal proceedings other than those that would be considered part of the normal course of business. Commitments The company had no contractual obligations, except to reimburse RMC for O&O expenses.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	NOTE 6 – SUBSEQUENT EVENTS None.

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
Management Estimates	Management estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions about the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, at the dates of the financial statements and the reported amounts of revenues and expenses during the reported periods. Such estimates relate principally to the determination of the allowance for loan losses, including, when applicable, the valuation of impaired loans (which itself requires determining the fair value of the collateral), and the valuation of real estate held for sale and held as investment, at acquisition and subsequently. Actual results could differ significantly from these estimates. -Fair value estimates GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact; and (iv) willing to transact. Fair values of assets and liabilities are determined based on the fair-value hierarchy established in GAAP. The hierarchy is comprised of three levels of inputs to be used: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the company has the ability to access at the measurement date. An active market is a market in which transactions occur with sufficient frequency and volume to provide pricing information on an ongoing basis. • Level 2 inputs are inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly in active markets and quoted prices for identical assets or liabilities that are not active, and inputs other than quoted prices that are observable or inputs derived from or corroborated by market data. • Level 3 inputs are unobservable inputs for the asset or liability. Unobservable inputs reflect the company’s own assumptions about the assumptions market participants would use in pricing the asset or liability (including assumptions about risk). Unobservable inputs are developed based on the best information available in the circumstances and may include the company’s own data. The fair value of the collateral is determined by exercise of judgment based on management’s experience informed by appraisals (by licensed appraisers), brokers’ opinion of values and publicly available information on in-market transactions. Appraisals of commercial real property generally present three approaches to estimating value: 1) market comparables or sales approach; 2) cost to replace; and 3) capitalized cash flows or investment approach. These approaches may or may not result in a common, single value. The market-comparables approach may yield several different values depending on certain basic assumptions, such as, determining highest and best use (which may or may not be the current use); determining the condition (e.g., as-is, when-completed or for land when-entitled); and determining the unit of value (e.g., as a series of individual unit sales or as a bulk disposition). Management has the requisite familiarity with the real estate markets it lends in generally and of the properties lent on specifically to analyze sales-comparables and assess their suitability/applicability. Management is acquainted with market participants – investors, developers, brokers, lenders – that are useful, relevant secondary sources of data and information regarding valuation and valuation variability. These secondary sources may have familiarity with and perspectives on pending transactions, successful strategies to optimize value and the history and details of specific properties – on and off the market – that enhance the process and analysis that is particularly and principally germane to establishing value in distressed markets and/or property types. Collateral fair values are reviewed quarterly and the protective equity for each loan is computed. As used herein, “protective equity” is the arithmetic difference between the fair value of the collateral, net of any senior liens, and the loan balance, where “loan balance” is the sum of the unpaid principal, advances and the recorded interest thereon. This computation is done for each loan (whether impaired or performing), and while loans secured by collateral of similar property type are grouped, there is enough distinction and variation in the collateral that a loan-by-loan, collateral-by-collateral analysis is appropriate.
Cash and Cash Equivalents	Cash and cash equivalents The company considers all highly liquid financial instruments with maturities of three months or less at the time of purchase to be cash equivalents. Periodically, the company’s cash balances in banks exceed federally insured limits.
Loans and interest income	Loans and interest income Loans generally are stated at the unpaid principal balance (principal). Management has discretion to pay amounts (advances) to third parties on behalf of borrowers to protect the company’s interest in the loan. Advances include, but are not limited to, the payment of interest and principal on a senior lien to prevent foreclosure by the senior lien holder, property taxes, insurance premiums and attorney fees. Advances generally are stated at the amounts paid out on the borrower’s behalf and any accrued interest on amounts paid out, until repaid by the borrower. The company may fund a specific loan origination net of an interest reserve to insure timely interest payments at the inception (one to two years) of the loan. As monthly interest payments become due, the company funds the payments into the affiliated trust account. In the event of an early loan payoff, any unapplied interest reserves would be first applied to any accrued but unpaid interest and then as a reduction to the principal. If events and/or changes in circumstances cause management to have serious doubts about the collectability of the payments of interest and principal in accordance with the loan agreement, a loan may be designated as impaired. Impaired loans are included in management’s periodic analysis of recoverability. Any subsequent payments on impaired loans are applied to late fees, then to the accrued interest, then to advances, and lastly to principal. From time to time, the company negotiates and enters into loan modifications with borrowers whose loans are delinquent. In the normal course of the company’s operations, loans that mature may be renewed at then current market rates and terms for new loans. Such renewals are not designated as impaired, unless the renewed loan was previously designated as impaired. Interest is accrued daily based on the principal of the loans. An impaired loan continues to accrue as long as the loan is in the process of collection and is considered to be well-secured. Loans are placed on non-accrual status at the earlier of management’s determination that the primary source of repayment will come from the foreclosure and subsequent sale of the collateral securing the loan (which usually occurs when a notice of sale is filed) or when the loan is no longer considered well-secured. When a loan is placed on non-accrual status, the accrual of interest is discontinued; however, previously recorded interest is not reversed. A loan may return to accrual status when all delinquent interest and principal payments become current in accordance with the terms of the loan agreement. Loan administration fees paid to RMC for loans funded by the company are capitalized and amortized over the life of the loan on a straight-line method which approximates the effective interest method. Allowance for loan losses Loans and the related accrued interest and advances are analyzed on a periodic basis for ultimate recoverability. Delinquencies are identified and followed as part of the loan system. Delinquencies are determined based upon contractual terms. For impaired loans, a provision is made for loan losses to adjust the allowance for loan losses to an amount considered by management to be adequate, with due consideration to collateral values, such that the net carrying amount (unpaid principal balance, plus advances, plus accrued interest less the specific allowance) is reduced to the present value of future cash flows discounted at the loan’s effective interest rate, or, if a loan is collateral dependent, to the estimated fair value of the related collateral, net of any senior loans, and net of any costs to sell in arriving at net realizable value if planned disposition of the asset securing a loan is by way of sale. The fair value estimates of the related collateral are derived from information available in the real estate markets including similar property and may require the experience and judgment of third parties such as commercial real estate appraisers and brokers. Loans determined not to be individually impaired are grouped by the property type of the underlying collateral, and for each loan and for the total by property type, the amount of protective equity or amount of exposure to loss is computed. Based on its knowledge of the borrowers and their historical (and expected) performance, and the exposure to loss as indicated in the analysis, management estimates an appropriate reserve by property type for probable credit losses in the portfolio. Because the company is an asset-based lender, except as to owner-occupied residences, and because specific regions, neighborhoods and even properties within the same neighborhoods vary significantly as to real estate values and transaction activity, general market trends, which may be indicative of a change in the risk of a loss, and a borrower’s creditworthiness are secondary to the condition of the property, the property type and the neighborhood/region in which the property is located, and do not enter substantially into the determination of the amount of the non-specific (i.e., general) reserves. The company charges off uncollectible loans and related receivables directly to the allowance account once it is determined the full amount is not collectible.
Real estate owned (REO)	Real estate owned (REO) Real estate owned (REO) is property acquired in full or partial settlement of loan obligations generally through foreclosure, and is recorded at acquisition at the lower of the amount owed on the loan (legal basis), plus any senior indebtedness, or at the property’s net realizable value, which is the fair value less estimated costs to sell, as applicable. The fair value estimates are derived from information available in the real estate markets, including similar property, and often require the experience and judgment of third parties such as commercial real estate appraisers and brokers. The estimates figure materially in calculating the value of the property at acquisition, the level of charge to the allowance for loan losses and any subsequent valuation reserves. After acquisition, costs incurred relating to the development and improvement of property are capitalized to the extent they do not cause the recorded value to exceed the net realizable value, whereas costs relating to holding and disposition of the property are expensed as incurred. After acquisition, REO is analyzed periodically for changes in fair values and any subsequent write down is charged to operations expenses. Any recovery in the fair value subsequent to such a write down is recorded and is not to exceed the value recorded at acquisition. Recognition of gains on the sale of real estate is dependent upon the transaction meeting certain criteria related to the nature of the property and the terms of the sale, including potential seller financing.
Recently issued accounting pronouncements	Recently issued accounting pronouncements On June 16, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-13 (ASU 2016-13) Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which introduces new guidance for the accounting for credit losses on instruments within its scope. ASU 2016-13 introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments, including loans. It also modifies the impairment model for available-for-sale (AFS) debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. ASU 2016-13’s approach, referred to as the current expected credit losses (CECL) model, applies to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes loans, held-to-maturity debt securities, loan commitments, financial guarantees, and net investments in leases, as well as reinsurance and trade receivables. Upon initial recognition of the exposure, the CECL model requires an entity to estimate the credit losses expected over the life of an exposure (or pool of exposures). The estimate of expected credit losses (ECL) should consider historical information, current information, and reasonable and supportable forecasts, including estimates of prepayments. ASU 2016-13 does not prescribe a specific method to make the estimate so its application will require significant judgment. Generally, the initial estimate of the ECL and subsequent changes in the estimate will be reported in current earnings. The ECL will be recorded through an allowance for loan losses (ALL) in the statement of financial position. ASU 2016-13 will be effective for SEC filers in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted as of fiscal years beginning after December 15, 2018 including interim periods within those fiscal years. RMC is evaluating the impact of ASU 2016-13 on the credit analytics and other processes used in establishing the allowance for loan losses. The initial conclusion is that, because RMI IX is a real estate based lender, relying primarily on low LTV’s/significant protective equity in making the lending decision, the impact on reported financial position and results of operations will not be material to the financial position or results from operations of the company.

Manager and Other Related Par14

Manager and Other Related Parties (Tables)	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Formation loan transactions are presented in the following table at September 30, 2016. Nine Months Ended Since Inception Balance, January 1, 2016 $ 1,741,741 $ — Formation loan advances to RMC 689,746 2,888,228 Payments received from RMC — (445,123 ) Early withdrawal penalties applied (363 ) (11,981 ) Balance, September 30, 2016 $ 2,431,124 $ 2,431,124 Subscription proceeds since inception $ 41,175,396 Formation loan advance rate 7 %
Formation Loan, Future Minimum Payments	The future minimum payments on the formation loan are presented in the following table as of September 30, 2016. 2016 $ 174,174 2017 174,174 2018 174,174 2019 174,174 2020 174,174 Thereafter 1,560,254 Total $ 2,431,124
Syndication Costs	Organization and offering expenses (O & O expenses) are summarized in the following table for the nine months ended September 30, 2016 and 2015. 2016 2015 Balance, January 1 $ 1,279,525 $ 953,271 O&O expenses reimbursed to RMC 381,541 275,941 Early withdrawal penalties applied (1) (262 ) (3,477 ) O&O expenses allocated — — O&O expenses paid by the company 120 120 O&O expenses reimbursed by RMC (2) (23,311 ) — Balance, September 30, $ 1,637,613 $ 1,225,855 Gross proceeds admitted $ 38,625,400 $ 27,241,215 Percent reimbursed to RMC 4.5 % 4.5 % O & O expenses incurred by RMC, RMI IX inception to date $ 5,167,339 $ 3,264,882 O & O expenses incurred by RMC and remaining to be reimbursed to RMC $ 3,429,578 $ 2,039,027 (1) Early withdrawal penalties collected are applied to the next installment of principal due under the formation loan and to reduce the amount owed RMC for O&O expenses. The amounts credited will be determined by the ratio between the amount of the formation loan and the amount of offering costs incurred by the company. (2) RMC reimburses the company for any unallocated O&O expenses on units redeemed.

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Secured Loan Principal Transactions	Secured loan transactions are summarized in the following table for the nine months ended September 30, 2016 and 2015. 2016 2015 Principal, January 1 $ 27,360,138 $ 19,185,660 Loans funded 600,000 — Loans acquired from affiliates 21,188,250 14,274,123 Principal payments received (14,611,262 ) (10,780,949 ) Principal, September 30 $ 34,537,126 $ 22,678,834
Secured Loans Characteristics	Secured loans had the characteristics presented in the following table. September 30, December 31, 2016 2015 Number of secured loans 88 75 Secured loans – principal $ 34,537,126 $ 27,360,138 Secured loans – lowest interest rate (fixed) 7.0 % 7.5 % Secured loans – highest interest rate (fixed) 10.0 % 10.0 % Average secured loan – principal $ 392,467 $ 364,801 Average principal as percent of total principal 1.1 % 1.3 % Average principal as percent of members’ capital 1.0 % 1.3 % Average principal as percent of total assets 1.0 % 1.2 % Largest secured loan – principal $ 1,350,000 $ 1,200,000 Largest principal as percent of total principal 3.9 % 4.4 % Largest principal as percent of members’ capital 3.5 % 4.2 % Largest principal as percent of total assets 3.5 % 4.1 % Smallest secured loan – principal $ 14,223 $ 45,906 Smallest principal as percent of total principal 0.1 % 0.2 % Smallest principal as percent of members’ capital 0.1 % 0.2 % Smallest principal as percent of total assets 0.1 % 0.2 % Number of counties where security is located (all California) 17 17 Largest percentage of principal in one county 23.7 % 32.3 % Number of secured loans in foreclosure 1 1 Secured loans in foreclosure – principal $ 191,047 $ 191,772 Number of secured loans with an interest reserve — — Interest reserves $ — $ —
Secured Loans by Lien Position in the Collateral	Secured loans had the lien positions presented in the following table. September 30, 2016 December 31, 2015 Loans Principal Percent Loans Principal Percent First trust deeds 68 $ 28,557,550 83 % 59 $ 21,204,614 77 % Second trust deeds 20 5,979,576 17 16 6,155,524 23 Total secured loans 88 34,537,126 100 % 75 27,360,138 100 % Liens due other lenders at loan closing 10,972,632 9,564,255 Total debt $ 45,509,758 $ 36,924,393 Appraised property value at loan closing $ 96,526,082 $ 71,836,840 Percent of total debt to appraised values (LTV) at loan closing (1) 52.0 % 54.8 % (1) Based on appraised values and liens due other lenders at loan closing. The weighted-average loan-to-value (LTV) computation above does not take into account subsequent increases or decreases in property values following the loan closing nor does it include decreases or increases of the amount owing on senior liens to other lenders.
Secured Loans by Property Type of the Collateral	Secured loans summarized by property type are presented in the following table. September 30, 2016 December 31, 2015 Loans Principal Percent Loans Principal Percent Single family (2) 66 $ 22,880,527 66 % 58 $ 19,664,462 72 % Multi-family 4 2,200,854 6 4 2,266,402 8 Commercial 18 9,455,745 27 13 5,429,274 20 Total secured loan balance 88 $ 34,537,126 100 % 75 $ 27,360,138 100 % (2) Single family property type as of September 30, 2016 consists of 11 loans with principal of $3,572,182 that are owner occupied and 55 loans with principal of $19,308,345 that are non-owner occupied. At December 31, 2015, single family property consisted of six loans with principal of $2,098,628 that were owner occupied and 52 loans with principal of $17,565,834 that were non-owner occupied.
Past Due Financing Receivables	Secured loans summarized by payment delinquency are presented in the following table. September 30, 2016 December 31, 2015 Loans Amount Loans Amount Past Due 30-89 days 3 $ 1,269,290 1 $ 318,020 90-179 days — — — — 180 or more days — — — — Total past due 3 1,269,290 1 318,020 Current 85 33,267,836 74 27,042,118 Total secured loan balance 88 $ 34,537,126 75 $ 27,360,138
Secured Loans Scheduled Maturities	Secured loans are scheduled to mature as presented in the following table. Scheduled maturities, as of September 30, 2016 Loans Principal Percent 2016 (3) 7 $ 2,940,688 9 % 2017 19 7,407,703 21 2018 20 9,364,895 27 2019 19 7,532,316 22 2020 11 2,642,860 7 2021 9 4,243,425 12 Thereafter 2 214,192 1 Total future maturities 87 34,346,079 99 Matured as of September 30, 2016 (4) 1 191,047 1 Total secured loan balance 88 $ 34,537,126 100 % (3) Loans maturing in 2016 from October 1 to December 31. (4) Loan matured in June 2016 and a multi-year extension is being negotiated.
Secured Loans Distributed within California	The distribution of secured loans outstanding by California counties is presented in the following table. September 30, 2016 December 31, 2015 Principal Percent Principal Percent San Francisco Bay Area Alameda $ 8,187,300 23.7 % $ 5,121,849 18.7 % San Francisco 4,934,173 14.3 3,885,098 14.2 San Mateo 3,804,525 11.0 3,057,222 11.2 Solano 1,821,773 5.3 — — Contra Costa 1,403,454 4.0 1,303,036 4.7 Santa Clara 1,369,732 4.0 1,383,633 4.9 Marin 378,014 1.1 379,758 1.5 Sonoma 14,223 0.1 45,906 0.2 21,913,194 63.5 15,176,502 55.4 Other Northern California Monterey 2,022,868 5.9 559,304 2.1 Placer 1,076,175 3.1 359,118 1.3 Yolo 161,744 0.5 174,927 0.6 San Joaquin 158,648 0.4 159,533 0.6 Sacramento — — 214,607 0.8 3,419,435 9.9 1,467,489 5.4 Northern California Total 25,332,629 73.4 16,643,991 60.8 Los Angeles & Coastal Los Angeles 7,255,595 21.0 8,841,419 32.3 San Diego 953,343 2.8 593,019 2.2 Orange 497,045 1.4 747,708 2.7 8,705,983 25.2 10,182,146 37.2 Other Southern California Riverside 363,395 1.0 397,973 1.5 San Bernardino 135,119 0.4 136,028 0.5 498,514 1.4 534,001 2.0 Southern California Total 9,204,497 26.6 10,716,147 39.2 Total Secured Loans $ 34,537,126 100.0 % $ 27,360,138 100.0 %

Note 1 - Organization and Gener

Note 1 - Organization and General (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015	Sep. 30, 2016USD ($)Unit	Sep. 30, 2015	Jun. 30, 2016USD ($)shares	Dec. 31, 2015USD ($)
Organization and General (Details) [Line Items]
Ownership interest held by the manager	1.00%	1.00%	1.00%	1.00%
Capital Units, Authorized	$ 38,806,731		$ 38,806,731			$ 30,171,527
Offering period, description			In June 2016, the company’s Registration Statement on Form S-11 filed with SEC (SEC File No. 333-208315) to offer up to 120,000,000 units ($120,000,000) to the public and 20,000,000 units ($20,000,000) to its members pursuant to our distribution reinvestment plan (DRIP) became effective and is effective for up to three (3) years thereafter.
Capital Units, Authorized to be issued under dividend reinvestment plan effective period			3 years
Members or partners capital, description			Cash available for distribution at the end of each calendar month is allocated ninety-nine percent (99%) to the members and one percent (1%) to the manager.
Percentage of distribution allocated to members			99.00%
Unit Redemption Program, Years After Purchase			1 year
Maximum Capital Units for Redemption Per Quarter Per Individual | Unit			100,000
Maximum Percentage of Members Outstanding Units for Redemption Per Quarter Per Individual			25.00%
Maximum Percentage of Weighted Average Number of Members Outstanding Units During Twelve Months for Redemption			5.00%
Loans Receivable, Amortization Term			30 years
Maturities of loans funded			5 years
Loans Receivable, Term			5 years
Percentage of offering proceeds			7.00%
Reimbursement as a percentage of member's original purchase price			0.45%
Percentage of original purchase price, quarterly installment percentage			0.1125%
Redemption Between One to Two Years [Member]
Organization and General (Details) [Line Items]
Redemption Value Percentage of Purchase Price or Capital Account Balance	92.00%		92.00%
Redemption Between Two to Three Years [Member]
Organization and General (Details) [Line Items]
Redemption Value Percentage of Purchase Price or Capital Account Balance	94.00%		94.00%
Redemption Between Three to Four Years [Member]
Organization and General (Details) [Line Items]
Redemption Value Percentage of Purchase Price or Capital Account Balance	96.00%		96.00%
Redemption Between Four to Five Years [Member]
Organization and General (Details) [Line Items]
Redemption Value Percentage of Purchase Price or Capital Account Balance	98.00%		98.00%
Redemption After Five Years [Member]
Organization and General (Details) [Line Items]
Redemption Value Percentage of Purchase Price or Capital Account Balance	100.00%		100.00%
Maximum [Member]
Organization and General (Details) [Line Items]
Loans Receivable, Term			15 years
Percentage of reimbursement of organization and offering expenses			4.50%
Reimbursement threshold			Maximum of forty such quarters
Capital Units to be Issued to Public [Member] | Member Units [Member]
Organization and General (Details) [Line Items]
Capital Units, Authorized					$ 120,000,000
Capital Units to be Issued to Public [Member] | Member Units [Member] | Maximum [Member]
Organization and General (Details) [Line Items]
Capital Units, Authorized (in Shares) | shares					120,000,000
Capital Units to be Issued under Dividend Reinvestment Plan [Member] | Member Units [Member]
Organization and General (Details) [Line Items]
Capital Units, Authorized					$ 20,000,000
Capital Units to be Issued under Dividend Reinvestment Plan [Member] | Member Units [Member] | Maximum [Member]
Organization and General (Details) [Line Items]
Capital Units, Authorized (in Shares) | shares					20,000,000
RMC [Member]
Organization and General (Details) [Line Items]
Ownership interest held by the manager			0.10%
Percentage of profits and losses allocated to manager			1.00%

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies (Detail)	9 Months Ended
	Sep. 30, 2016Approach
Accounting Policies [Abstract]
Estimating Real Property Value, Number of Approaches	3
Interest Reserve Minimum Length	1 year
Interest Reserve Maximum Length	2 years

Note 3 - Managers and Other Rel

Note 3 - Managers and Other Related Parties (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Managers and Other Related Parties (Details) [Line Items]
Managers Share of Profits or Losses			1.00%
Managers (1%), Net income	$ 6,792	$ 4,513	$ 18,628	$ 11,823
Principal amount of formation loan outstanding, payment period			10 years
Costs from Redwood Mortgage Corp.				36,286
Maximum [Member]
Managers and Other Related Parties (Details) [Line Items]
Servicing Fees, Percentage	0.25%		0.25%
RMC [Member]
Managers and Other Related Parties (Details) [Line Items]
Managers (1%), Net income	$ 6,792	4,513	$ 18,628	11,823
Related Party Transaction, Amounts of Transaction	$ 264,000	$ 140,000	$ 907,000	$ 324,000
Annualized Distribution Rate	6.50%	6.50%	6.50%	6.50%
Percentage of member's capital account			0.45%
Member's capital account, allocation period			10 years
Loan Brokerage Commission Percent Minimum	2.00%		2.00%
Loan Brokerage Commission Percent Maximum	5.00%		5.00%
Loan Brokerage Commissions, Maximum Percent of Assets	4.00%		4.00%
Fees and Commissions	$ 139,061	$ 126,202	$ 389,528	$ 225,730
Other fees	$ 13,976	13,567	$ 55,200	30,161
Administrative Fees, Percentage	1.00%		1.00%
Payment for Administrative Fees	$ 0	18,020	$ 0	108,194
Administrative Fees, Waived	82,708	34,547	217,883	34,547
Mortgage servicing fees	20,228	13,501	55,749	38,714
Mortgage Servicing Fees Waived	$ 0	0	$ 0	0
Management Fee, Percentage	0.75%		0.75%
Working Capital Reserve, Percentage	2.00%		2.00%
Maximum asset management fees chargeable by RMC	$ 71,672	51,257	$ 197,307	143,595
Asset management fees collected RMC	0	0	0	0
Costs from Redwood Mortgage Corp.	67,676	40,473	189,425	111,127
Fees collected by Redwood Mortgage Corp.	0	0	0	36,286
RMC [Member] | Professional Fees Reimbursed [Member]
Managers and Other Related Parties (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	$ 42,298	$ 13,644	$ 301,972	$ 71,186

Note 3 - Manager and Other Rela

Note 3 - Manager and Other Related Parties (Details) - Formation Loan Transactions (Detail) - USD ($)	3 Months Ended		9 Months Ended		81 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Formation Loan Transactions [Abstract]
Balance, January 1, 2016	$ 2,431,124		$ 1,741,741
Formation loan advances to RMC	273,910	$ 138,980	689,746	$ 424,999	$ 2,888,228
Formation loan collected				$ 8,366	(445,123)
Early withdrawal penalties applied			(363)		(11,981)
Balance, September 30, 2016	$ 2,431,124		$ 2,431,124		2,431,124
Subscription proceeds since inception					$ 41,175,396
Formation loan advance rate					7.00%

Note 3 - Manager and Other Re20

Note 3 - Manager and Other Related Parties (Details) - Formation Loan, Future Minimum Payments (Detail)	Sep. 30, 2016USD ($)
Formation Loan Future Minimum Payments [Abstract]
2,016	$ 174,174
2,017	174,174
2,018	174,174
2,019	174,174
2,020	174,174
Thereafter	1,560,254
Total	$ 2,431,124

Note 3 - Manager and Other Re21

Note 3 - Manager and Other Related Parties (Details) - Syndication Costs (Detail) - USD ($)		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Managers and Other Related Parties (Details) - Syndication Costs [Line Items]
Balance, January 1		$ 1,279,525	$ 953,271
O&O expenses reimbursed to RMC		381,541	275,941
Early withdrawal penalties applied	[1]	(262)	(3,477)
O&O expenses paid by the company		120	120
O&O expenses reimbursed by RMC	[2]	(23,311)
Balance, September 30,		$ 1,637,613	$ 1,225,855
Percent reimbursed to RMC		4.50%	4.50%
O & O expenses incurred by RMC, RMI IX inception to date		$ 5,167,339	$ 3,264,882
O & O expenses incurred by RMC and remaining to be reimbursed to RMC		3,429,578	2,039,027
Current Offering [Member]
Managers and Other Related Parties (Details) - Syndication Costs [Line Items]
Gross proceeds admitted		$ 38,625,400	$ 27,241,215
[1]	Early withdrawal penalties collected are applied to the next installment of principal due under the formation loan and to reduce the amount owed RMC for O&O expenses. The amounts credited will be determined by the ratio between the amount of the formation loan and the amount of offering costs incurred by the company.
[2]	RMC reimburses the company for any unallocated O&O expenses on units redeemed.

Note 4 - Loans (Details)

Note 4 - Loans (Details)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)LoanMortgageLoan	Sep. 30, 2016USD ($)LoanMortgageLoan	Dec. 31, 2015USD ($)LoanMortgageLoan	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Loans (Details) [Line Items]
Loans Receivable, Term		5 years
Loans Receivable Number of Loans | Loan	88	88	75
Loans Receivable, Number of Interest Only Loans | Loan	20	20
Loans Receivable, Amortization Term		30 years
Financing Receivable, Modifications, Number of Contracts | Loan	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status (in Dollars)	$ 0	$ 0	$ 0
Impaired Financing Receivable, with No Related Allowance, Recorded Investment (in Dollars)	$ 0	$ 0	$ 0
Mortgage Loans on Real Estate, Number of Loans | MortgageLoan		88	75
Percentage of Loan Portfolio Limited for Funding of Construction Loans	10.00%	10.00%
Mortgage Loans on Real Estate, Commercial and Consumer, Net (in Dollars)	$ 34,537,126	$ 34,537,126	$ 27,360,138	$ 22,678,834	$ 19,185,660
Percentage of Loan Portfolio Limited for Funding of Rehabilitation Loans	15.00%	15.00%
Construction Loans [Member]
Loans (Details) [Line Items]
Mortgage Loans on Real Estate, Commercial and Consumer, Net (in Dollars)	$ 0	$ 0
Outstanding commitments fund	0	0
Rehabilitation Loans [Member]
Loans (Details) [Line Items]
Mortgage Loans on Real Estate, Commercial and Consumer, Net (in Dollars)	0	0
Outstanding commitments fund	$ 0	$ 0
Renewals [Member]
Loans (Details) [Line Items]
Mortgage Loans on Real Estate, Number of Loans | MortgageLoan	0	0
Five Years Or Less Term Loans [Member]
Loans (Details) [Line Items]
Loans Receivable Number of Loans | Loan	83	83
Loans Receivable, Percent of Aggregate Principal	98.00%	98.00%
Interest Only Payment Loans [Member]
Loans (Details) [Line Items]
Loans Receivable, Percent of Aggregate Principal	29.00%	29.00%
Minimum [Member]
Loans (Details) [Line Items]
Loans Receivable, Remaining Term		5 years

Note 4 - Loans (Details) - Secu

Note 4 - Loans (Details) - Secured Loan Principal Transactions (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Debt Instruments [Abstract]
Principal, January 1			$ 27,360,138	$ 19,185,660
Loans funded			600,000
Loans acquired from affiliates			21,188,250	14,274,123
Principal payments received	$ (4,105,589)	$ (4,736,100)	(14,611,262)	(10,780,949)
Principal, September 30	$ 34,537,126	$ 22,678,834	$ 34,537,126	$ 22,678,834

Note 4 - Loans (Details) - Se24

Note 4 - Loans (Details) - Secured Loans Characteristics (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)LoanCountyMortgageLoan	Dec. 31, 2015USD ($)LoanCountyMortgageLoan	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Loans (Details) - Secured Loans Characteristics [Line Items]
Number of secured loans | Loan	88	75
Secured loans - principal (in Dollars)	$ 34,537,126	$ 27,360,138	$ 22,678,834	$ 19,185,660
Average secured loan - principal (in Dollars)	$ 392,467	$ 364,801
Average principal as percent of total principal	1.10%	1.30%
Average principal as percent of members’ capital	1.00%	1.30%
Average principal as percent of total assets	1.00%	1.20%
Largest secured loan - principal (in Dollars)	$ 1,350,000	$ 1,200,000
Largest principal as percent of total principal	3.90%	4.40%
Largest principal as percent of members’ capital	3.50%	4.20%
Largest principal as percent of total assets	3.50%	4.10%
Smallest secured loan - principal (in Dollars)	$ 14,223	$ 45,906
Smallest principal as percent of total principal	0.10%	0.20%
Smallest principal as percent of members’ capital	0.10%	0.20%
Smallest principal as percent of total assets	0.10%	0.20%
Number of counties where security is located (all California) | County	17	17
Largest percentage of principal in one county	23.70%	32.30%
Number of secured loans in foreclosure | MortgageLoan	88	75
Secured loans in foreclosure - principal (in Dollars)	$ 191,047	$ 191,772
Minimum [Member]
Loans (Details) - Secured Loans Characteristics [Line Items]
Secured loans – interest rate (fixed)	7.00%	7.50%
Maximum [Member]
Loans (Details) - Secured Loans Characteristics [Line Items]
Secured loans – interest rate (fixed)	10.00%	10.00%
In Foreclosure [Member]
Loans (Details) - Secured Loans Characteristics [Line Items]
Number of secured loans in foreclosure | MortgageLoan	1	1

Note 4 - Loans (Details) - Se25

Note 4 - Loans (Details) - Secured Loans by Lien Position in the Collateral (Detail)		9 Months Ended	12 Months Ended
		Sep. 30, 2016USD ($)MortgageLoan	Dec. 31, 2015USD ($)MortgageLoan	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Loans (Details) - Secured Loans by Lien Position in the Collateral [Line Items]
Number of loans | MortgageLoan		88	75
Amount		$ 34,537,126	$ 27,360,138	$ 22,678,834	$ 19,185,660
Liens due other lenders at loan closing		10,972,632	9,564,255
Total debt		45,509,758	36,924,393
Appraised property value at loan closing		$ 96,526,082	$ 71,836,840
Percent of total debt to appraised values (LTV) at loan closing	[1]	52.00%	54.80%
Percent of total		100.00%	100.00%
First Trust Deeds [Member]
Loans (Details) - Secured Loans by Lien Position in the Collateral [Line Items]
Number of loans | MortgageLoan		68	59
Amount		$ 28,557,550	$ 21,204,614
Percent of total		83.00%	77.00%
Second Trust Deeds [Member]
Loans (Details) - Secured Loans by Lien Position in the Collateral [Line Items]
Number of loans | MortgageLoan		20	16
Amount		$ 5,979,576	$ 6,155,524
Percent of total		17.00%	23.00%
[1]	Based on appraised values and liens due other lenders at loan closing. The weighted-average loan-to-value (LTV) computation above does not take into account subsequent increases or decreases in property values following the loan closing nor does it include decreases or increases of the amount owing on senior liens to other lenders.

Note 4 - Loans (Details) - Se26

Note 4 - Loans (Details) - Secured Loans by Property Type (Detail)		9 Months Ended	12 Months Ended
		Sep. 30, 2016USD ($)MortgageLoan	Dec. 31, 2015USD ($)MortgageLoan	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Note 4 - Loans (Details) - Secured Loans by Property Type [Line Items]
Number of loans | MortgageLoan		88	75
Amount | $		$ 34,537,126	$ 27,360,138	$ 22,678,834	$ 19,185,660
Percent of total		100.00%	100.00%
Single Family [Member]
Note 4 - Loans (Details) - Secured Loans by Property Type [Line Items]
Number of loans | MortgageLoan	[1]	66	58
Amount | $	[1]	$ 22,880,527	$ 19,664,462
Percent of total	[1]	66.00%	72.00%
Multifamily [Member]
Note 4 - Loans (Details) - Secured Loans by Property Type [Line Items]
Number of loans | MortgageLoan		4	4
Amount | $		$ 2,200,854	$ 2,266,402
Percent of total		6.00%	8.00%
Commercial [Member]
Note 4 - Loans (Details) - Secured Loans by Property Type [Line Items]
Number of loans | MortgageLoan		18	13
Amount | $		$ 9,455,745	$ 5,429,274
Percent of total		27.00%	20.00%
[1]	Single family property type as of September 30, 2016 consists of 11 loans with principal of $3,572,182 that are owner occupied and 55 loans with principal of $19,308,345 that are non-owner occupied. At December 31, 2015, single family property consisted of six loans with principal of $2,098,628 that were owner occupied and 52 loans with principal of $17,565,834 that were non-owner occupied.

Note 4 - Loans (Details) - Se27

Note 4 - Loans (Details) - Secured Loans by Property Type (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)MortgageLoan	Dec. 31, 2015USD ($)MortgageLoan	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Note 4 - Loans (Details) - Secured Loans by Property Type [Line Items]
Mortgage Loans on Real Estate, Number of Loans | MortgageLoan	88	75
Mortgage Loans on Real Estate, Commercial and Consumer, Net (in Dollars) | $	$ 34,537,126	$ 27,360,138	$ 22,678,834	$ 19,185,660
Single Family Property-Owner Occupied [Member]
Note 4 - Loans (Details) - Secured Loans by Property Type [Line Items]
Mortgage Loans on Real Estate, Number of Loans | MortgageLoan	11	6
Mortgage Loans on Real Estate, Commercial and Consumer, Net (in Dollars) | $	$ 3,572,182	$ 2,098,628
Single Family Property-NonOwner Occupied [Member]
Note 4 - Loans (Details) - Secured Loans by Property Type [Line Items]
Mortgage Loans on Real Estate, Number of Loans | MortgageLoan	55	52
Mortgage Loans on Real Estate, Commercial and Consumer, Net (in Dollars) | $	$ 19,308,345	$ 17,565,834

Note 4 - Loans (Details) - Past

Note 4 - Loans (Details) - Past Due Financing Receivables (Detail)	Sep. 30, 2016USD ($)Loan	Dec. 31, 2015USD ($)Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	88	75
Amount | $	$ 34,537,126	$ 27,360,138
Past Due 30-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	3	1
Amount | $	$ 1,269,290	$ 318,020
Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	3	1
Amount | $	$ 1,269,290	$ 318,020
Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	85	74
Amount | $	$ 33,267,836	$ 27,042,118

Note 4 - Loans (Details) - Se29

Note 4 - Loans (Details) - Secured Loans Scheduled Maturities (Detail)		9 Months Ended	12 Months Ended
		Sep. 30, 2016USD ($)LoanMortgageLoan	Dec. 31, 2015USD ($)MortgageLoan	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Secured Loans Scheduled Maturities [Abstract]
2016 | Loan	[1]	7
2017 | Loan		19
2018 | Loan		20
2019 | Loan		19
2020 | Loan		11
2021 | Loan		9
Thereafter | Loan		2
Number of loans | Loan		87
Matured as of September 30, 2016 | Loan	[2]	1
Total secured loan balance | MortgageLoan		88	75
2,016	[1]	$ 2,940,688
2,017		7,407,703
2,018		9,364,895
2,019		7,532,316
2,020		2,642,860
2,021		4,243,425
Thereafter		214,192
Principal		34,346,079
Matured as of September 30, 2016	[2]	191,047
Total secured loan balance		$ 34,537,126	$ 27,360,138	$ 22,678,834	$ 19,185,660
2,016	[1]	9.00%
2,017		21.00%
2,018		27.00%
2,019		22.00%
2,020		7.00%
2,021		12.00%
Thereafter		1.00%
Percent to total		99.00%
Matured as of September 30, 2016	[2]	1.00%
Total secured loan balance		100.00%	100.00%
[1]	Loans maturing in 2016 from October 1 to December 31.
[2]	Loan matured in June 2016 and a multi-year extension is being negotiated.

Note 4 - Loans (Details) - Se30

Note 4 - Loans (Details) - Secured Loans Distributed Within California (Detail) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 34,537,126	$ 27,360,138	$ 22,678,834	$ 19,185,660
Percent of total	100.00%	100.00%
Alameda [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 8,187,300	$ 5,121,849
Percent of total	23.70%	18.70%
San Francisco [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 4,934,173	$ 3,885,098
Percent of total	14.30%	14.20%
San Mateo [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 3,804,525	$ 3,057,222
Percent of total	11.00%	11.20%
Solano [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 1,821,773
Percent of total	5.30%
Contra Costa [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 1,403,454	$ 1,303,036
Percent of total	4.00%	4.70%
Santa Clara [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 1,369,732	$ 1,383,633
Percent of total	4.00%	4.90%
Marin [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 378,014	$ 379,758
Percent of total	1.10%	1.50%
Sonoma [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 14,223	$ 45,906
Percent of total	0.10%	0.20%
San Francisco Bay Area [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 21,913,194	$ 15,176,502
Percent of total	63.50%	55.40%
Monterey [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 2,022,868	$ 559,304
Percent of total	5.90%	2.10%
Placer [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 1,076,175	$ 359,118
Percent of total	3.10%	1.30%
Yolo [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 161,744	$ 174,927
Percent of total	0.50%	0.60%
San Joaquin [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 158,648	$ 159,533
Percent of total	0.40%	0.60%
Sacramento [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount		$ 214,607
Percent of total		0.80%
Other Northern California [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 3,419,435	$ 1,467,489
Percent of total	9.90%	5.40%
Northern California [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 25,332,629	$ 16,643,991
Percent of total	73.40%	60.80%
Los Angeles [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 7,255,595	$ 8,841,419
Percent of total	21.00%	32.30%
San Diego [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 953,343	$ 593,019
Percent of total	2.80%	2.20%
Orange [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 497,045	$ 747,708
Percent of total	1.40%	2.70%
Los Angeles & Coastal [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 8,705,983	$ 10,182,146
Percent of total	25.20%	37.20%
Riverside [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 363,395	$ 397,973
Percent of total	1.00%	1.50%
San Bernardino [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 135,119	$ 136,028
Percent of total	0.40%	0.50%
Other Southern California [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 498,514	$ 534,001
Percent of total	1.40%	2.00%
Southern California [Member]
Note 4 - Loans (Details) - Secured Loans Distributed Within California [Line Items]
Amount	$ 9,204,497	$ 10,716,147
Percent of total	26.60%	39.20%