Redwood Mortgage Investors IX 10-K 31 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Feb. 28, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	Redwood Mortgage Investors IX
Entity Central Index Key	0001448038
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Entity Common Stock, Shares Outstanding		81,133,761
Document Annual Report	true
Document Transition Report	false
Entity File Number	000-55601
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-3541068
Entity Address, Address Line One	177 Bovet Road
Entity Address, Address Line Two	Suite 520
Entity Address, City or Town	San Mateo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94402
City Area Code	650
Local Phone Number	365-5341
Entity Interactive Data Current	Yes
Entity Public Float			$ 0

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash, in banks	$ 2,299,113	$ 4,450,529
Loan payments in trust	130,898	68,920
Loans
Principal	82,274,807	70,660,284
Advances	14,331	14,040
Accrued interest	683,975	611,226
Loan balances secured by deeds of trust	82,973,113	71,285,550
Allowance for loan losses	(55,000)	(87,000)
Loan balances secured by deeds of trust, net	82,918,113	71,198,550
Debt issuance costs, net	68,506
Total assets	85,416,630	75,717,999
LIABILITIES AND MEMBERS’ CAPITAL
Accounts payable and accrued liabilities	99,516	36,933
Payable to related party (Note 3)	4,185
Line of credit	10,000,000
Total liabilities	10,103,701	36,933
Commitments and contingencies (Note 6)
Members’ capital, net	79,124,948	79,629,130
Receivable from manager (formation loan)	(3,812,019)	(3,948,064)
Members’ capital, net of formation loan	75,312,929	75,681,066
Total liabilities and members’ capital	$ 85,416,630	$ 75,717,999

Statements of Income

Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue
Interest income	$ 6,556,907	$ 5,994,790
Interest expense	(303,623)
Net interest income	6,253,284	5,994,790
Late fees	26,605	51,997
Gain on sale, loans	86,899	20,833
Total revenue, net	6,366,788	6,067,620
(Recovery of) provision for loan losses	(75)	87,000
Operations expense
Mortgage servicing fees	186,505	166,878
Asset management fees, net (Note 3)	541,284	278,103
Costs from Redwood Mortgage Corp., net (Note 3)	146,096
Professional services	612,337	524,940
Other	30,079	36,987
Total operations expense	1,516,301	1,006,908
Net income	4,850,562	4,973,712
Members (99%)	4,802,056	4,923,975
Manager (1%)	$ 48,506	$ 49,737

Statements of Income (Parenthet

Statements of Income (Parenthetical) - Redwood Mortgage Investors IX [Member]	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Members investment	99.00%	99.00%
Manager investment	1.00%	1.00%

Statements of Changes in Member

Statements of Changes in Members' Capital - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Beginning balance		$ 75,681,066
Net income		4,850,562	$ 4,973,712
Early withdrawal penalties	[1]	13,962	19,415
Ending balance		75,312,929	75,681,066
RMC [Member]
Early withdrawal penalties		30,851	111,551
Investors In Applicant Status [Member]
Beginning balance			651,500
Early withdrawal penalties			0
Investors In Applicant Status [Member] | Contributions On Application [Member]
Partners capital accounts			2,666,508
Investors In Applicant Status [Member] | Contributions Admitted To Members Capital [Member]
Partners capital accounts			(3,318,008)
Investors In Applicant Status [Member] | Premiums Paid On Application By RMC [Member]
Partners capital accounts			12,355
Investors In Applicant Status [Member] | Premiums Admitted To Members Capital [Member]
Partners capital accounts			(12,355)
Capital Members [Member]
Beginning balance		81,755,930	79,198,453
Net income		4,802,056	4,923,975
Organization and offering expenses allocated		(320,570)	(329,234)
Early withdrawal penalties		0	0
Ending balance		80,801,456	81,755,930
Capital Members [Member] | Contributions Admitted To Members Capital [Member]
Partners capital accounts			3,318,008
Capital Members [Member] | Premiums Admitted To Members Capital [Member]
Partners capital accounts			12,355
Capital Members [Member] | Earnings Distributed To Members [Member]
Partners capital accounts		(4,469,443)	(4,534,952)
Capital Members [Member] | Earnings Distributed Used In DRIP [Member]
Partners capital accounts		2,303,324	2,415,807
Capital Members [Member] | Member's Redemptions [Member]
Partners capital accounts		(3,269,841)	(3,248,482)
Managers Capital Net [Member]
Beginning balance		133,268	125,200
Net income		48,506	49,737
Early withdrawal penalties		0	0
Ending balance		181,774	133,268
Managers Capital Net [Member] | Contributions Admitted To Members Capital [Member]
Partners capital accounts			3,331
Managers Capital Net [Member] | Earnings Distributed To Members [Member]
Partners capital accounts			(45,000)
Unallocated Organization and Offering Expenses [Member]
Beginning balance		(2,260,068)	(2,519,458)
Organization and offering expenses			(185,332)
Organization and offering expenses allocated		320,570	329,234
Early withdrawal penalties		13,962	19,415
Ending balance		(1,858,282)	(2,260,068)
Unallocated Organization and Offering Expenses [Member] | RMC [Member]
Organization and offering expenses repaid by RMC		67,254	96,073
Members Capital, Net [Member]
Beginning balance		79,629,130	76,804,195
Net income		4,850,562	4,973,712
Organization and offering expenses			(185,332)
Early withdrawal penalties		13,962	19,415
Ending balance		79,124,948	79,629,130
Members Capital, Net [Member] | RMC [Member]
Organization and offering expenses repaid by RMC		67,254	96,073
Members Capital, Net [Member] | Contributions Admitted To Members Capital [Member]
Partners capital accounts			3,321,339
Members Capital, Net [Member] | Premiums Admitted To Members Capital [Member]
Partners capital accounts			12,355
Members Capital, Net [Member] | Earnings Distributed To Members [Member]
Partners capital accounts		(4,469,443)	(4,579,952)
Members Capital, Net [Member] | Earnings Distributed Used In DRIP [Member]
Partners capital accounts		2,303,324	2,415,807
Members Capital, Net [Member] | Member's Redemptions [Member]
Partners capital accounts		$ (3,269,841)	$ (3,248,482)
[1]	Beginning July 1, 2019, the O&O expenses component of early withdrawal penalties are applied as a reduction to O&O expenses to be repaid by RMC to members’ capital on scheduled redemptions. The amounts credited are determined by the ratio between the amount of the formation loan and the amount of offering costs incurred by the company. Prior to June 30, 2019, early withdrawal penalties collected were applied to the next installment of principal due under the formation loan and to reduce the amount owed to RMC for O&O expenses.

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operations
Interest income received	$ 6,394,271	$ 5,732,666
Interest expense paid	(226,095)
Late fees and other loan income	26,491	52,797
Operations expense	(1,486,039)	(979,982)
Total cash provided by operations	4,708,628	4,805,481
Investing – loans
Loans funded	(51,847,350)	(58,051,600)
Principal collected	36,357,649	44,597,043
Loans sold to non-affiliate, net	6,717,848	4,994,818
Loan transferred from related mortgage fund	(2,996,677)
Loans transferred to related mortgage funds	237,002
Advances made on loans	(291)	(1,053)
Promissory note funded to related party	(850,000)
Promissory note repaid by related party	850,000
Total cash used in investing	(11,531,819)	(8,460,792)
Distributions to members
Distributions to members	(5,405,109)	(5,330,580)
Contributions by members, net
Contributions by new members		2,682,081
Organization and offering expenses received (paid), net	67,254	(89,259)
Formation loan funding		(186,656)
Formation loan collected	119,156	355,301
Total contributions by members, net	186,410	2,761,467
Cash distributed to members, net	(5,218,699)	(2,569,113)
Promissory note received from related party	800,000
Promissory note repaid to related party	(800,000)
Advances	24,180,110
Repayments	(14,180,110)
Debt issuance costs	(109,526)
Cash from line of credit	9,890,474
Total cash provided by (used in) financing	4,671,775	(2,569,113)
Net decrease in cash	(2,151,416)	(6,224,424)
Cash, beginning of period	4,450,529	10,674,953
Cash, end of period	2,299,113	4,450,529
Net income	4,850,562	4,973,712
Adjustments to reconcile net income to net cash provided by operating activities
Gain on sale, loans	(86,899)	(20,833)
Charge off of accrued interest	(11,857)
Amortization of debt issuance costs	41,021
(Recovery of) provision for loan losses	(75)	87,000
Change in operating assets and liabilities
Accrued interest	(150,892)	(262,124)
Accounts payable and accrued liabilities	62,583	27,726
Payable to related parties	4,185
Total adjustments	(141,934)	(168,231)
Total cash provided by operations	4,708,628	4,805,481
Earnings Distributed To Members [Member]
Distributions to members
Distributions to members	(2,166,119)	(2,119,145)
Earnings Distributed to Manager [Member]
Distributions to members
Distributions to members		(45,000)
Member's Redemptions [Member]
Distributions to members
Distributions to members	$ (3,238,990)	$ (3,166,435)

Statements of Cash Flows (Paren

Statements of Cash Flows (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Non cash financing activity in early withdrawal penalties	$ 30,851	$ 82,047
Non cash financing activity including investors in applicant status cash amounts received but not admitted		651,500
Formation Loan [Member]
Non cash financing activity in early withdrawal penalties	16,889	62,632
Unallocated Organization and Offering Expenses [Member]
Non cash financing activity in early withdrawal penalties	$ 13,962	$ 19,415

Organization and General

Organization and General	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Organization and General	NOTE 1 – ORGANIZATION AND GENERAL 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 by Redwood Mortgage Corp (“RMC” or the “manager”). 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 rights, duties and powers of the members and manager of the company are governed by the Ninth Amended and Restated Limited Liability Company Operating Agreement of RMI IX (the “Operating Agreement”), the Delaware Limited Liability Company Act and the California Revised Uniform Limited Liability Company Act. The following is a summary of certain provisions of the Operating Agreement and is qualified in its entirety by the terms of the Operating Agreement. Members should refer to the company’s Operating Agreement for complete disclosure of its provisions. The company’s primary investment objectives are to: • yield a favorable rate of return from the company’s business of making and/or investing in 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 cash flow from these mortgage lending and investing activities. The ongoing sources of funds for loans are the proceeds (net of redemption of members’ capital and operating expenses) from: • loan payoffs; • borrowers’ monthly principal and interest payments; • line of credit advances; • loan sales to unaffiliated third parties and loan transfers by executed assignment to related mortgage funds; • payments from RMC on the outstanding balance of the formation loan; and • sale of units to members participating in the dividend reinvestment plan and – prior to May 2019 – sale of units net of reimbursement to RMC of organization and offering expenses (“O&O expenses”) and net of amounts advanced for the formation loan to RMC. The distribution reinvestment plan (DRIP) provision of the Operating Agreement permits members to elect to have all or a portion of their monthly distributions reinvested in the purchase of additional units. The company intends to hold until maturity the loans in which it invests and does not presently intend to invest in mortgage loans primarily for the purpose of reselling such loans in the ordinary course of business; however, the company may sell mortgage loans (or fractional interests therein) when the manager determines that it appears to be advantageous for the company to do so, based upon then current interest rates, the length of time that the loan has been held by the company, the company’s credit risk and concentration risk and the overall investment objectives of the company. Loans sold to third parties may be sold for par, at a premium or, in the case of non-performing or under performing loans, at a discount. Company loans may be sold to third parties or to the manager or its related mortgage funds; however, any loan sold to the manager or a related mortgage fund thereof will be sold for a purchase price equal to the greater of (i) the par value of the loan or (ii) the fair market value of the loan. The manager will not receive commissions or broker fees with respect loan sales conducted for the company; however, selling loans will increase members’ capital available for investing in new loans for which the manager will earn brokerage fees and other forms of compensation. Members representing a majority of the outstanding units may, without the concurrence of the managers, vote to: (i) dissolve the company, (ii) amend the Operating Agreement, subject to certain limitations, (iii) approve or disapprove the sale of all or substantially all of the assets of the company or (iv) remove or replace one or all of the managers. Where there is only one manager, a majority in interest of the members is required to elect a new manager to continue the company business after a manager ceases to be a manager due to its withdrawal. 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 flow from operations (excluding repayments for loan principal and other capital transaction proceeds) less amounts set aside for creation or restoration of reserves. The manager may withhold from cash otherwise distributable to the members with respect to any period the respective amounts of O&O expenses allocated to the members’ accounts for the applicable period pursuant to the company’s reimbursement to RMC and allocation to members’ accounts of O&O expenses. The amount otherwise distributable, less the respective amounts of O&O expenses allocated to members, is the net distribution. Per the terms of the company’s Operating Agreement, cash available for distribution to the members is allocated among the members in proportion to their percentage interests (except with respect to differences in the amounts of O&O 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. See Note 3 (Manager and Other Related Parties) to the financial statements for a detailed discussion on the allocation of O&O expenses to members’ accounts. Cash available for distributions allocable to members, other than those participating in the DRIP and the manager, is distributed at each month-end. Cash available for distributions allocable to members participating in the DRIP is distributed and reinvested to acquire DRIP units also at each month end. Cash available for distribution allocable to the manager is distributed periodically, but not sooner or more frequently than cash distributions to members. To determine the amount of cash to be distributed in any specific month, the company relies in part on its forecast of full year profits, which takes into account the difference between the forecasted and actual results in the year and the requirement to maintain a cash reserve. The company’s net income, cash available for distribution, and net-distribution rate fluctuates depending on: • loan origination volume and the balance of capital available to lend; • the current and future interest rates negotiated with borrowers; • the timing and amount of gains received from loan sales, if any; • the amount and timing of fees and cost reimbursements to RMC; • the amount and timing of other operating expenses, including expenses for professional services; • the amount of financial support, if any, from RMC; • payments from RMC on the outstanding balance of the formation loan; and, • the amount and timing of line of credit advances and repayments. Federal and state income taxes are the obligation of the members, other than the annual California franchise tax. COVID-19 In March 2020, the World Health Organization declared the COVID-19 outbreak a pandemic. Since that time, COVID-19 has spread throughout the United States, including in the California regions and markets in which the company lends. In response, national, state, and local governments took, and are expected to continue to take, various actions to slow the spread of COVID-19. These actions substantially limited the operation of non-essential businesses and the activities of individuals throughout 2020 and into 2021 causing a significant adverse effect on the global, US, and California economies as well as disruption to the financial and real estate markets. Despite the recent re-openings of businesses in California and improvement in the economy in recent months, economic activity remains far below its pre-pandemic level and unemployment remains elevated. The ultimate effect of COVID-19 on the California real estate markets and the broader economy is not known nor is the ultimate length of time California and other regions will be subject to the restrictions to curb the spread of COVID-19. As of December 31, 2020, the company has not experienced a significant increase in the number of borrowers delaying payments compared to December 31, 2019. The requests for delay in payments or payment relief may not be indicative of requests in any future period. A worsening of future cash flows from borrower missed or delayed payments could result in the company experiencing an increase in loans being designated non-accrual and an increase in payments in arrears and possibly foreclosures. However, as the company generally lends at loan to value ratios below 70% and there have generally been no significant declines in California real estate market prices, the company has not increased its allowance for loan losses during the year ended December 31, 2020. During the first half of 2020, as a result of the disruptions caused by the pandemic, the company experienced a manageable increase in delinquencies and requests for forbearance agreements from borrowers. Market conditions, regulatory restrictions on our enforcement rights with respect to loans in default, delays in foreclosure proceedings, including moratoriums in some jurisdictions, and backlogs in the courts increased the timeline to resolve non-performing and /or maturing loans. The majority of borrowers continued to make monthly payments and negotiated in good faith, resulting in extensions on terms consistent with the original loan terms. Delays in repayment of maturing loans and/or sales of properties acquired by foreclosure reduce the company’s capital available for future loan originations and for redemptions of units. The continued spread of COVID-19 or any other similar outbreaks in the future and the continued impact on social interaction, economies and financial markets may have significant adverse effects on (i) California real estate markets and thereby the company’s business, financial condition and result of operations due to the possibility of some borrowers having a reduced capacity and/or commitment to make principal and interest payments (ii) a decrease in the volume of loans funded and (iii) a decline in the values of the California real properties that serve as collateral for the loans. Declines in the value of real estate may lead to increases in the allowance for loan losses. Moreover, the Federal Reserve has taken action to lower the Federal Funds rate, which may lower the interest rate charged by banks and other competitors of the manager for real estate secured loans and which may reduce loan originations and increase loan payoffs. An increase in loan payoffs may negatively affect interest income and, therefore, earnings, financial condition and results of operations of the company since new loans to replace the payoffs may be at lower interest rates. The extent of the impact of the COVID-19 pandemic on the company’s capital, liquidity, and other financial positions and on the company’s business, results of operation and prospects will depend on a number of evolving factors, including: • COVID-19 has not yet been contained and could continue to affect more households and businesses. The development and increasing distribution of vaccines for the virus appear to be having a positive impact on businesses and the economy; however, there is no way to predict when or if an economic recovery from the pandemic will occur and if such a recovery will be sustained over time. • Many governmental and nongovernmental authorities initially responded to COVID-19 by curtailing household and business activity as a containment measure while simultaneously deploying fiscal and monetary policy measures to partially mitigate the adverse effects on individual households and businesses. Although this response slowed the rate of spread of COVID-19 and supported economic stability, the potential exists for further resurgence to occur. Even with COVID-19 vaccinations having begun, national, California and local economies and real estate markets could suffer further disruptions that are lasting. • Continued disruptions in the workforce and economy may affect the ability of the borrowers to make loan payments or to otherwise perform in accordance with their loan terms. • Key personnel of the manager may become incapacitated by the COVID-19 virus adversely impacting the business. • The ability to enforce loan terms through foreclosure may be adversely affected by limitations or moratoriums on foreclosures enacted by state or local authorities to address the impacts of COVID-19. • Loans secured by rental properties may be adversely impacted by restrictions or moratoriums on evictions enacted by federal, state or local authorities to address the impacts of COVID-19. Given the ongoing and dynamic nature of the circumstances, it is not possible to predict or estimate the future impact of the COVID-19 outbreak on the financial condition or results of operations and liquidity of the company. While the company has not incurred material disruptions to date, the rapid developments and fluidity of COVID-19 may cause the manager to adjust its lending parameters and investment strategy. The manager is continuing to monitor this situation and will adjust its response in concert with federal, California and local health officials and governmental authorities to protect the health and safety of its employees and to respond to changes in the real estate markets that it serves. On March 27, 2020, the “Coronavirus Aid, Relief, and Economic Security (CARES) Act” was signed into law. The CARES Act includes various measures to provide relief to companies. At the time of issuance of the company’s financial statements, the manager has not taken and does not expect to take advantage of any measures under the CARES Act. Although the manager does not expect the CARES Act to have a direct impact on the company, it may have an indirect impact on the company’s borrowers and its manager. Liquidity and unit redemption program There are substantial restrictions on transferability of units, and there is no established public trading and/or secondary market for the units and none is expected to develop. In order to provide liquidity to members, the company’s Operating Agreement includes a unit redemption program, whereby beginning one year from the date of purchase of the units, a member may redeem all or part of their 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 based on the period from date of purchase as follows: • after one year, 92% of the purchase price or of the capital account balance, whichever is less; • after two years, 94% of the purchase price or of the capital account balance, whichever is less; • after three years, 96% of the purchase price or of the capital account balance, whichever is less; • after four years, 98% of the purchase price or of the capital account balance, whichever is less; • after five years, 100% of the purchase price or of the capital account balance, whichever is less. The company redeems units quarterly, subject to certain limitations as provided in the Operating Agreement. The maximum number of units which may be redeemed per quarter per individual member shall not exceed the greater of (i) 100,000 units, or (ii) 25% of the member’s total outstanding units. 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 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. As provided in the Operating Agreement, 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. In the event unit withdrawal requests exceed 5% in any calendar year, units will be redeemed in the priority provided in the Operating Agreement. Contributed capital Prior to April 30, 2019, the manager was required to contribute to capital one tenth of one percent (0.1%) of the aggregate capital accounts of the members. Manager’s interest If a manager is removed, withdrawn or terminated, the company will pay to the manager all amounts then accrued and due to the manager. Additionally, the company will terminate the manager’s interest in the company’s profits, losses, distributions and capital by payment of an amount in cash equal to the then-present fair value of such interest. The formation loan is forgiven if the manager is removed and RMC is no longer receiving payments for services rendered. Distribution reinvestment plan (“DRIP”)/Unit sale In May 2019, the company filed a Registration Statement on Form S-3 with the SEC (SEC File No. 333-231333) that went effective May 9, 2019, to offer up to 15,000,000 units ($15,000,000) to members of record as of April 30, 2019 who had previously elected to participate in the DRIP, or who later provide written notice to the manager electing to participate in the DRIP, and who reside in those states in which approval has been obtained. As of December 31, 2020, the gross proceeds from sales of units to members under our DRIP pursuant to the May 2019 Form S-3 Registration Statement is approximately $3,917,000. The gross proceeds from the sale of the units are and were used to make additional loans; to fund working capital reserves; and for gross proceeds from unit sales to new members, which offerings ended April 30, 2020, to advance funds to RMC to pay to commissions to broker-dealers. Unit sales – commissions paid to broker-dealers/formation loan Commissions for unit sales to new members were paid to broker-dealers (“B/D sales commissions”) by RMC and were not paid directly by the company out of offering proceeds. Instead, the company advanced to RMC, amounts sufficient to pay the B/D sales commissions and premiums paid to investors up to seven percent (7%) of sales proceeds. The resulting receivable from RMC is unsecured, and non-interest bearing and is referred to as the “formation loan.” RMC is required to make annual payments sufficient to repay in full by the end of the term of the company. Term of the company The term of the company will continue until 2028, unless sooner terminated as provided in the Operating Agreement or extended by majority vote of the members.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
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”). Reclassifications Certain reclassifications, not affecting previously reported net income or total members’ capital, have been made to the previously issued financial statements to conform the current period presentation. 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 involve significant level of uncertainty and have had or are reasonably likely to have a material impact on the company’s financial condition or results of operations. 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 owned, at acquisition and subsequently. Actual results could differ materially from these estimates. Fair value estimates GAAP defines fair value as the 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 real property 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 income 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, including the consideration of adjustments made for any attributes specific to the real estate property. 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. Cash in banks At December 31, 2020, certain of the company’s cash balances in banks exceed federally insured limits of $250,000. The bank or banks in which funds are deposited are reviewed periodically for their general creditworthiness/investment grade credit rating. See Note 5 (Line of Credit) for compensating balance arrangements. Loans and interest income Performing loans are carried at amortized cost, which is generally equal to 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. For performing loans, interest is accrued daily on the principal plus advances, if any. Non-performing loans (i.e., loans with a payment in arears) less than 180 days delinquent continue to recognize interest income as long as the loan is in the process of collection and is considered to be well-secured. Non-performing loans are placed on non-accrual status if 180 days delinquent or earlier if management determines 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. Late fees are recognized in the period received. The company may fund a specific loan origination net of an interest reserve (one to two years) to insure timely interest payments at the inception of the loan. Any interest reserve is amortized over the period that the amount is prepaid. 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. In the normal course of the company’s operations, performing loans that mature may be renewed at then current market rates and terms for new loans. From time to time, the manager negotiates and enters into loan modifications with borrowers whose loans are delinquent (non-performing). If a loan modification were to result in an economic concession to the borrower (i.e., a significant delay or reduction in cash flows compared to the original note), the modification is deemed a troubled debt restructuring (“TDR”). In March 2020, various federal regulatory agencies issued an interagency statement on loan modifications and reporting for financial institutions working with borrowers affected by COVID-19. The interagency statement was effective immediately and impacted accounting for loan modifications. In December 2020, the guidance was further extended to modifications until January 1, 2022. The agencies confirmed with the staff of the Financial Accounting Standards Board (“FASB”) that short-term modifications made on a good faith basis in response to COVID- 19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. As of December 31, 2020, the company had not made any loan modifications under this guidance. The company funds loans with the intent to hold the loans until maturity. From time to time the company may sell certain loans. Loans are classified as held-for-sale once a decision has been made to sell loans and the loans held-for-sale have been identified. Loans classified as held for sale are carried at the lower of cost or fair value. Allowance for loan losses Loans and the related accrued interest and advances (i.e., the loan balance) are analyzed on a periodic basis for ultimate recoverability. Collateral fair values are reviewed quarterly and the protective equity for each loan is computed. As used herein, “protective equity” is the dollar amount by which the net realizable value (i.e., fair value less the cost to sell) of the collateral, net of any senior liens exceeds the loan balance, where “loan balance” is the sum of the unpaid principal, advances and the recorded interest thereon. If based upon current information and events, it is probable the company will not collect substantially all amounts due according to the contractual terms of the original loan agreement, then a loan is designated as impaired. An insignificant delay or insignificant shortfall in the amount of payments does not constitute non-performance with the contractual terms of the original loan agreement if the manager expects to collect the amounts due including interest accrued at the contractual interest rate for the period of delay. In determining the probability that the borrower will not substantially perform according to the terms of the original loan agreement, the manager considers the following factors: - Payment status – if payments are in arrears 90+ days (typically 3 payments past due) loans are designated impaired unless resolution of the delinquency is forthcoming without significant delay. - Bankruptcy – if the borrower files bankruptcy, the loan is designated impaired. - Notice of sale – if the company files a notice of sale, the loan is designated impaired. Payments on impaired loans are applied in the following order: late fees, accrued interest, advances, and lastly to principal. A provision for loan losses to adjust the allowance for loan losses (principal and/or recorded interest) is made in an amount such that the net carrying amount (unpaid principal less the specific allowance) is reduced to the lower of the loan balance or the estimated fair value of the related collateral, net of any costs to sell in arriving at net realizable value and net of any senior loans. The company charges off uncollectible loans and related receivables directly to the allowance account once it is determined the full amount is not collectible. Any amounts collected after a charge off is deemed a recovery of loan losses. At foreclosure, any excess of the recorded investment in the loan (accounting basis) over the net realizable value of the collateral is charged against the allowance for loan losses. Real estate owned (“REO”) Real estate owned, or REO, is property acquired in full or partial settlement of loan obligations, generally through foreclosure, and is recorded at acquisition at 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. REO is analyzed periodically for changes in fair values and any subsequent write down is charged to operations expenses as an adjustment to the valuation allowance. 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 or losses 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. Debt issuance costs Debt issuance costs are the fees and commissions incurred in the course of obtaining a line of credit for services from banks, law firms and other professionals and are amortized on a straight-line basis, which approximates the interest method, as interest expense over the term of the line of credit. Recently issued accounting pronouncements -Accounting and Financial reporting for Expected Credit Losses The FASB issued an Accounting Standards Update (“ASU”) that significantly changes how entities will account for credit losses for most financial assets that are not measured at fair value through net income. The new standard will supersede currently in effect guidance and applies to all entities. Entities will be required to use a current expected credit loss (“CECL”) model to estimate credit impairment. This estimate will be forward-looking, meaning management will be required to use not only historical trends and current conditions, but must also consider forecasts about future economic conditions to determine the expected credit loss over the remaining life of an instrument. This will be a significant change from the current incurred credit loss model, and generally may result in allowances being recognized in earlier periods than under the current credit loss model. The ASU is effective for smaller reporting companies for interim and annual reporting periods in 2023. RMI IX invests in real estate secured loans made with the expectation that the possibility of credit losses is remote as a result of substantial protective equity provided by the underlying collateral. The real estate secured programs and low loan-to-value ratios have caused the Company to expect that the adoption of the CECL model from the incurred loss models presently in use as to credit loss recognition will likely not materially impact the reported results of operations or financial position. However, the impact, if any, upon adoption will be dependent upon the facts and circumstances relating to the company’s loans at that date. -Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, provides temporary optional expedients for various agreements and contracts that utilize the London Interbank Offered Rate (“LIBOR”) as the benchmark reference rate. The relief generally applies to eligible modifications of contractual terms that change (or have the potential to change) the amount or timing of contractual cash flows related to replacement of a reference rate. The relief allows such modifications to be accounted for as continuations of existing contracts without additional analysis. As the guidance in ASU 2020-04 is intended to assist entities during the global market-wide reference rate transition period, it is in effect from March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of the potential discontinuance of LIBOR in relation to the company’s line of credit and has not yet adopted the optional relief.

Manager and Other Related Parti

Manager and Other Related Parties	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Manager and Other Related Parties	NOTE 3 – MANAGER AND OTHER RELATED PARTIES The Operating Agreement provides for compensation to the manager, and for the reimbursement of qualifying costs as detailed below. RMC is entitled to 1% of the net income or loss of the company. Since commencement of operations in 2009, at its sole discretion, RMC has provided significant fee and cost-reimbursement waivers to the company which increased the net income, cash available for distribution, and the net-distribution rate, by: • charging less than the maximum allowable fees; • not requesting reimbursement of qualifying costs attributable to the company (Costs from RMC on the Statements of Income); and/or, • absorbing some (and in certain periods all) of the company’s operations expense, such as professional fees. Such fee and cost-reimbursement waivers and the absorption of the company’s expenses by RMC were not made for the purpose of providing the company with sufficient funds to satisfy any required level of distributions, as the Operating Agreement has no such required level of distributions, nor to meet withdrawal requests. In April 2018, RMC ceased absorbing, and RMI IX began recording and paying, the operations expense for professional-service fees (primarily legal and audit/tax compliance) and costs invoiced to RMC but identifiable as RMI IX expenses (postage, printing etc.). In 2019, RMC arranged for RMI IX to be invoiced directly for the fees from an independent service bureau for information technology relating to the recordkeeping and reporting for the accounts of individual investors and their corresponding member accounts. In prior years these fees were invoiced to RMC and then billed to RMI IX through the cost-reimbursement. In June 2019, RMC began collecting from RMI IX the asset management fee of three quarters of one percent annually (0.75%) and in the third quarter of 2020, RMC began collecting, in part, the reimbursement of costs attributable to RMI IX. Loan administrative fees, asset management fees, and costs from RMC, and the amounts waived by RMC for the year ended December 31, 2020 is presented in the following table. Loan Admin Fees Asset Management Fee Costs from RMC Total Chargeable/reimbursable $ 518,474 $ 541,284 $ 598,389 $ 1,658,147 Amounts waived by RMC (518,474 ) — (452,293 ) (970,767 ) Net charged $ — $ 541,284 $ 146,096 $ 687,380 Loan administrative fees, asset management fees, and costs from RMC, and the amounts waived by RMC for the year ended December 31, 2019 is presented in the following table. Loan Admin Fees Asset Management Fee Costs from RMC Total Chargeable/reimbursable $ 580,516 $ 476,748 $ 657,864 $ 1,715,128 Amounts waived by RMC (580,516 ) (198,645 ) (657,864 ) (1,437,025 ) Net charged $ — $ 278,103 $ — $ 278,103 Loan administrative fees RMC is entitled to receive a loan administrative fee in an amount up to one percent (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 would be payable by the company upon the closing or acquisition of each loan. Since August 2015, RMC, at its sole discretion, waived and continues to waive, the loan administrative fees. Mortgage servicing fees The manager acting as servicing agent with respect to all loans is entitled to receive a servicing fee 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. Asset management fees The manager 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. Costs from RMC The manager is entitled to request reimbursement by the company for operations expense incurred on behalf of the company, including without limitation, accounting, tax and data processing, postage, preparation of reports to members and out-of-pocket general and administration expenses. Certain of these qualifying costs (e.g., postage) can be tracked by RMC as specifically attributable to the company. Other costs (e.g., RMC’s accounting and audit fees, legal fees and expenses, qualifying payroll expenses, occupancy, and insurance premium) 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 allocated first based on activity, and then to the company on a pro-rata basis based on percentage of capital to the total capital of all related mortgage funds managed by RMC. Commissions and fees paid by the borrowers 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 1.5% to 5% of the principal amount of each loan made during the year. Total loan brokerage commissions are limited to an amount not to exceed 4% of the total company assets per year. The loan brokerage commissions are paid by the borrowers, and thus, are not an expense of the company. - Other fees – Formation loan Formation loan transactions are presented in the following table. 2020 2019 Balance at January 1, $ 3,948,064 $ 4,179,343 Formation loan advances to RMC — 186,656 Payments received from RMC (119,156 ) (355,301 ) Early withdrawal penalties applied (16,889 ) (62,634 ) Balance at December 31, $ 3,812,019 $ 3,948,064 RMC is repaying the formation loan such that the formation loan is paid in full on December 31, 2027, and prior to the end of the term of the company in 2028. Beginning December 31, 2020, RMC will make quarterly payments of principal, without interest, of $123,377, less early withdrawal penalties until such time – in the opinion of the manager -as the market uncertainties resulting from the COVID-19 pandemic are substantially resolved and loan brokerage commissions earned by the manager on new loan originations return to pre-pandemic levels. Annual payments of $493,508 are expected to resume by December 2022. The primary source of repayment of the formation loan are the loan brokerage commissions earned by RMC. The formation loan is forgiven if the manager is removed and RMC is no longer receiving payments for services rendered. Member capital redemptions The table below presents the company’s unit redemptions for the years ended December 31, 2020 and 2019. Redemptions 2020 2019 Without penalty $ 2,663,969 $ 1,281,768 With penalty 605,872 1,966,714 Total $ 3,269,841 $ 3,248,482 Early withdrawal penalties $ 30,851 $ 111,551 At December 31, 2020, scheduled redemptions of members' capital were $887,466, all of which is scheduled for payment in 2021. Reimbursement and allocation of organization and offering expenses Per the Operating Agreement, the manager is reimbursed for, or the company may pay directly, 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 (40) 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 such subsequent cost allocations to) those members who have not yet received forty (40) quarterly allocations of O&O expenses, as determined in the good faith judgment of the manager. Unallocated O&O transactions are summarized in the following table. 2020 2019 Balance, January 1 $ 2,260,068 $ 2,519,458 O&O expenses reimbursed to RMC — 185,332 Early withdrawal penalties applied (1) (13,962 ) (19,415 ) O&O expenses allocated (2) (320,570 ) (329,234 ) O&O expenses repaid to Members' Capital by RMC (3) (67,254 ) (96,073 ) Balance, December 31 $ 1,858,282 $ 2,260,068 (1) Beginning July 1, 2019, the O&O expenses component of early withdrawal penalties are applied as a reduction to O&O expenses to be repaid by RMC to members’ capital on scheduled redemptions. The amounts credited are determined by the ratio between the amount of the formation loan and the amount of offering costs incurred by the company. Prior to June 30, 2019, early withdrawal penalties collected were applied to the next installment of principal due under the formation loan and to reduce the amount owed to RMC for O&O expenses. (2) Beginning in 2016, O&O expenses reimbursed to RMC by the company are allocated to members’ capital accounts over 40 quarters. (3) RMC is obligated under the Operating Agreement to repay the company for unallocated O&O expenses attributed to members’ capital accounts if the member redeems prior to the 40 quarterly allocations. RMC estimated its future obligations to repay unallocated O&O expenses on scheduled redemptions as of December 31, 2020, to be approximately $18,000, which is expected to be offset by early withdrawal penalties. Other related party transactions -Payable to/receivable from related parties - From time to time, in the normal course of business operations, the company may have payables to and/or receivables from related parties. At December 31, 2020 the payable to related parties balance consisted of accounts payable and cost reimbursements to the manager and related mortgage fund of $6,452, which was partially offset by a receivable of $2,267 due from the manager and related mortgage fund. The receivable was received from the manager and the payable was paid to the manager in March 2021. - Loan transactions with related parties - In the ordinary course of business, performing loans may be transferred by executed assignment, in-part or in-full, between the RMC managed mortgage funds at par which approximates market value. In 2020, a related mortgage fund transferred to the company two performing loans with an aggregate principal of approximately $2,997,000 in-full at par value, which approximates fair value. The company paid cash for the loans and the related mortgage fund has no continuing obligation or involvement with the loans. In 2020, the company transferred to a related mortgage fund one performing loan with principal of approximately $237,000 in-full at par value, which approximates fair value. The related mortgage fund paid cash for the loan and the company has no continuing obligation or involvement with the loan. No loans were transferred between the related mortgage funds in 2019. -Promissory note receivable from related party (RMI VIII) - On September 30, 2020, RMI IX lent $850,000 to Redwood Mortgage Investors, VIII (RMI VIII) secured by the net cash flow payable on two mortgage loans totaling approximately $2,331,000 each of which were designated by RMI VIII as held for sale and expected to be sold to a third-party purchaser prior to November 30, 2020. Interest on the note accrued at a rate equal to RMI IX’s pro rata share of the weighted average interest payable on the held for sale loans through a term ending on the earlier of: (i) the closing of the purchase of the held for sale loans; and (ii) November 30, 2020. The note from RMI VIII was secured by all proceeds payable to RMI VIII upon the sale or repayment of the loans net of any amounts outstanding by RMI VIII on its line of credit secured by the loans. On October 14, 2020, RMI VIII repaid the note plus $2,700 in interest to RMI IX. - Promissory note payable to related party (RMI VIII)

Loans

Loans	12 Months Ended
	Dec. 31, 2020
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. See Note 3 (Manager and Other Related Parties) for a description of loans transferred by executed assignments between the related mortgage funds. As of December 31, 2020, 77 loans (representing 97% of the aggregate principal of the company’s loan portfolio) have a loan term of five years or less. The remaining loans have terms longer than five years. Substantially all loans are written without a prepayment penalty provision. As of December 31, 2020, 50 loans outstanding (representing 34% of the aggregate principal balance of the company’s loan portfolio) provide for monthly payments of principal and interest, typically calculated on a 30-year amortization schedule, with the remaining principal balance due at maturity. The remaining loans provide for monthly payments of interest only, with the principal balance due at maturity. Secured loans unpaid principal balance (principal) Secured loan transactions are summarized in the following table. 2020 2019 Principal, beginning of period $ 70,660,284 $ 62,115,713 Loans funded 51,847,350 58,051,600 Principal collected (36,369,655 ) (44,597,043 ) Loan transferred from related mortgage fund 2,996,677 — Loans transferred to related mortgage fund (237,002 ) — Loans sold to non-affiliate (6,602,779 ) (4,909,986 ) Charged off (20,068 ) — Principal, December 31 $ 82,274,807 $ 70,660,284 During 2020 the company renewed 20 loans with aggregate principal of approximately $14,144,000 and during 2019 the company renewed eight loans with aggregated principal of approximately $5,195,000, which are not included in the activity shown in the table above. The loans were current and deemed well collateralized at the time they were extended. Pursuant to California regulatory requirements, borrower payments are deposited into a trust account established by RMC with an independent bank (and are presented on the balance sheet as “Loan payments in trust”). Funds are disbursed to the company as collected which can range from same day for wire transfers and up to two weeks after deposit for checks. Loan payments in trust at December 31, 2020 were disbursed to the company’s account by January 15, 2021. Loan payments in trust at December 31, 2019 were disbursed to the company’s account by January 23, 2020. The company funds loans with the intent to hold the loans until maturity, although from time to time the company may sell certain loans when the manager determines it to be in the best interest of the company. • In December 2020, 4 loans with an aggregate principal of $6,122,779 and accrued interest of $28,171 were sold to an unaffiliated third party. After commissions to third parties the company recognized a gain of approximately $87,000. • In September 2020, a loan with principal of $480,000, was sold to an unaffiliated third party, for an amount that approximated the loan balance at the time of sale. • In September 2019, a loan with principal of $500,000, that had been designated as impaired, was sold to an unaffiliated third party which specializes in the resolution of such loans. There was no gain or loss recognized upon sale. • In July 2019, 8 loans with aggregate principal of $4,273,346 and accrued interest of $31,830 were sold to an unaffiliated third party, at a price that netted an immaterial gain. • In March 2019, a loan with principal of $136,640, was sold to an unaffiliated third party, for an amount that approximated the loan balance at the time of sale. Loan characteristics Secured loans had the characteristics presented in the following table. December 31, December 31, 2020 2019 Number of secured loans 82 77 Secured loans – principal $ 82,274,807 $ 70,660,284 Secured loans – lowest interest rate (fixed) 6.8 % 7.8 % Secured loans – highest interest rate (fixed) 10.5 % 10.5 % Average secured loan – principal $ 1,003,351 $ 917,666 Average principal as percent of total principal 1.2 % 1.3 % Average principal as percent of members’ capital, net 1.3 % 1.2 % Average principal as percent of total assets 1.2 % 1.2 % Largest secured loan – principal $ 6,735,000 $ 6,735,000 Largest principal as percent of total principal 8.2 % 9.5 % Largest principal as percent of members’ capital, net 8.5 % 8.5 % Largest principal as percent of total assets 7.9 % 8.9 % Smallest secured loan – principal $ 104,378 $ 125,656 Smallest principal as percent of total principal 0.1 % 0.2 % Smallest principal as percent of members’ capital, net 0.1 % 0.2 % Smallest principal as percent of total assets 0.1 % 0.2 % Number of California counties where security is located 14 17 Largest percentage of principal in one California county 28.2 % 27.0 % As of December 31, 2020, the company’s largest loan with principal of $6,735,000 is secured by an office building located in Santa Clara county, bears an interest rate of 8.25% and matures on October 1, 2021. As of December 31, 2020, the company had no commitments to lend outstanding and had no construction or rehabilitation loans outstanding. Lien position Secured loans had the lien positions in the following table. December 31, 2020 December 31, 2019 Loans Principal Percent Loans Principal Percent First trust deeds 56 $ 61,066,097 74 % 42 $ 42,712,037 60 % Second trust deeds 26 21,208,710 26 35 27,948,247 40 Total principal, secured loans 82 82,274,807 100 % 77 70,660,284 100 % Liens due other lenders at loan closing 45,206,740 54,062,023 Total debt $ 127,481,547 $ 124,722,307 Appraised property value at loan closing $ 251,970,000 $ 237,453,000 Percent of total debt to appraised values (LTV) at loan closing (1) 55.6 % 55.3 % (1) Based on appraised values and liens due to 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 of senior liens to other lenders. Property type Secured loans summarized by property type are presented in the following table. December 31, 2020 December 31, 2019 Loans Principal Percent Loans Principal Percent Single family (2) 47 $ 30,297,525 37 % 53 $ 32,361,343 46 % Multi-family 8 8,285,157 10 9 9,219,497 13 Commercial 27 43,692,125 53 15 29,079,444 41 Total principal, secured loans 82 $ 82,274,807 100 % 77 $ 70,660,284 100 % (2) Single family property type as of December 31, 2020 consists of 8 loans with principal of $5,565,052 that are owner occupied and 39 loans with principal of $24,732,473 that are non-owner occupied. At December 31, 2019, single family property consisted of 11 loans with principal of $6,236,571 that are owner occupied and 42 loans with principal $26,124,772 that are non-owner occupied. Distribution of loans in California The distribution of secured loans by counties is presented in the following table. December 31, 2020 December 31, 2019 Principal Percent Principal Percent San Francisco Bay Area (3) Santa Clara $ 23,205,654 28.2 % $ 19,064,638 27.0 % San Francisco 11,339,546 13.8 7,735,173 10.9 San Mateo 6,878,086 8.4 10,837,195 15.3 Alameda 6,790,814 8.2 2,930,219 4.2 Contra Costa 1,094,189 1.3 400,000 0.6 Marin 1,944,696 2.4 249,628 0.4 Santa Cruz — — 264,515 0.4 51,252,985 62.3 41,481,368 58.8 Other Northern California Monterey 1,110,000 1.4 1,110,000 1.6 Tehama 404,837 0.5 405,000 0.6 Sacramento 104,378 0.1 492,216 0.6 Sutter — 0.0 3,815,000 5.4 1,619,215 2.0 5,822,216 8.2 Northern California Total 52,872,200 64.3 47,303,584 67.0 Los Angeles & Coastal Los Angeles 11,775,334 14.3 12,531,312 17.7 San Diego 10,186,152 12.4 4,983,331 7.1 Orange 5,431,677 6.6 3,067,396 4.3 Santa Barbara 290,444 0.3 497,977 0.7 27,683,607 33.6 21,080,016 29.8 Other Southern California San Bernardino 1,719,000 2.1 1,200,000 1.7 Riverside — 0.0 1,076,684 1.5 1,719,000 2.1 2,276,684 3.2 Southern California Total 29,402,607 35.7 23,356,700 33.0 Total principal, secured loans $ 82,274,807 100.0 % $ 70,660,284 100.0 % (3) Includes Silicon Valley Scheduled maturities Secured loans are scheduled to mature as presented in the following table as of December 31, 2020. Loans Principal Percent 2021 49 $ 54,204,452 66 % 2022 20 15,872,134 19 2023 6 7,828,420 9 2024 — — — 2025 5 3,749,488 5 Thereafter 1 243,700 1 Total scheduled maturities 81 81,898,194 100 Matured as of December 31, 2020 1 376,613 — Total principal, secured loans 82 $ 82,274,807 100 % Scheduled maturities are presented based on the most recent in-effect agreement with the borrower, including forbearance agreements. As a result, matured loans for the scheduled maturities table may differ from the same captions in the tables of delinquencies and payment in arears that are based on the notes and do not consider forbearance agreements. It is the company’s experience that the timing of future cash receipts from secured loans will differ from scheduled maturities. Loans may be repaid or renewed before, at or after the contractual maturity date. For matured loans, the company may continue to accept payments while pursuing collection of principal or while negotiating an extension of the loan’s maturity date. Delinquency Secured loans, principal summarized by payment delinquency is presented in the following table. December 31, 2020 December 31, 2019 Loans Principal Loans Principal Current 73 $ 74,041,631 65 $ 62,174,140 Past Due 30-89 days 1 190,195 8 3,952,306 90-179 days 5 4,756,811 2 3,520,112 180 or more days 3 3,286,170 2 1,013,726 Total past due 9 8,233,176 12 8,486,144 Total principal, secured loans 82 $ 82,274,807 77 $ 70,660,284 At December 31, 2020, there were two forbearance agreements in effect. One with principal of $990,000 is included in the table above as 90-179 days past due, and one with a principal of $1,200,000 which is included in the table above as 180 or more days past due. During 2020, the company entered into three forbearance agreements. A loan with principal of $1,200,000, which is collateralized by a commercial property in San Bernardino County matured on July 1, 2020 and was designated impaired at May 30, 2020, and in non-accrual status at September 1, 2020. The partnership entered into a forbearance agreement with the borrower to defer the maturity date until December 1, 2020. The forbearance agreement expired at December 1, 2020 and was renewed with a new maturity date of July 31, 2021 and additional terms and conditions, including that the property be listed for sale. A loan with principal of approximately $137,000, collateralized by a single-family residence in Alameda County matured on December 1, 2019. The company entered into a forbearance agreement with the borrower in September 2020 whereby the borrower agreed to pay all past due interest, resume monthly payments of interest and the company agreed to forgo collection of default interest and defer the maturity date until December 31, 2020. The loan paid off in full in January 2021. A loan with principal of $990,000, collateralized by a commercial property in San Francisco and has a maturity date of December 1, 2025. The company entered into a forbearance agreement with the borrower in October 2020 which allows for two months of deferred interest payments, followed by four months of reduced interest payment terms (50%), after which full payments are again due. The deferred interest due for missed and partial payments will be added to the balloon payment due at maturity. The loan was designated impaired at December 31, 2020. At December 31, 2019, there were two loan forbearance agreements in effect. One loan with principal of approximately $764,100, was delinquent and was designated impaired and in nonaccrual status at December 31, 2019. The company entered into a forbearance agreement with the borrower in August 2019 whereby the borrower agreed to resume monthly payments and the company agreed to forbear collection activity until April 1, 2020. On December 31, 2020, the borrower paid the loan in full. One loan with principal of approximately $3,329,000 was designated impaired at December 31, 2019, with a forbearance agreement in place. In July 2020, the borrower made two payments totaling approximately $283,000 which brought the loan current. On October 30, 2020, the borrower paid the loan in full. No loan forbearance agreements/payment modifications were made during 2020 or 2019 that would be deemed troubled debt restructurings. At December 31, 2020 and 2019, the company had one loan payment modification/workout agreement with a borrower. The loan, with principal of approximately $190,000 matured on June 1, 2016, and the company entered into a workout agreement in September 2016, whereby the borrower agreed to resume monthly payments to the company. This agreement extended the maturity date through October 1, 2021. The 2016 agreement was the successor to three prior agreements with the borrower as early as August 2011. At December 31, 2020, the borrower was 92 days delinquent and was designated as impaired and in non-accrual status. Non-performing secured loans Non-performing loans as of December 31, 2020 and December 31, 2019 total $8,096,493 (8 loans) and $ 8,486,144 Payments in arrears for non-performing secured loans (i.e., principal and interest payments past due 30 or more days) are presented in the following table as of December 31, 2020. Loans Principal Interest(5) Past maturity Monthly payments Past maturity Monthly payments Past maturity Monthly payments Total payments in arrears Past due 30-89 days (1-3 payments) — 1 $ — $ 378 $ — $ 1,509 $ 1,887 90-179 days (4-6 payments) 1 4 376,613 854 — 146,270 523,737 180 or more days (more than 6 payments) 1 1 1,200,000 29 105,000 108,034 1,413,063 Total past due (4) 2 6 $ 1,576,613 $ 1,261 $ 105,000 $ 255,813 $ 1,938,687 (4) One loan with principal of approximately $137,000, which was 180 or more days past due, paid in full in January 2021 and so was not designated as non-performing at December 31, 2020, and is not included in the table above. (5) Interest includes foregone interest of approximately $42,000 on non-accrual loans past maturity and approximately $20,800 for monthly payments in arrears. December 2020 interest is due January 1, 2021 and is not included in the payments in arrears at December 31, 2020. Payments in arrears for non-performing secured loans (i.e., principal and interest payments past due 30 or more days) are presented in the following table as of December 31, 2019. Loans Principal Interest(6) Past maturity Monthly payments Past maturity Monthly payments Past maturity Monthly payments Total payments in arrears Past due 30-89 days (1-3 payments) 2 6 $ 311,294 $ 1,671 $ 1,198 $ 29,396 $ 343,559 90-179 days (4-6 payments) — 2 — 8,175 — 109,125 117,300 180 or more days (more than 6 payments) 1 1 764,097 903 15,760 13,834 794,594 Total past due 3 9 $ 1,075,391 $ 10,749 $ 16,958 $ 152,355 $ 1,255,453 (6) Interest includes foregone interest of $1,976 on non-accrual loans for monthly payments in arrears 180 or more days (6 or more payments). December 2019 interest is due January 1, 2020 and is not included in the payments in arrears at December 31, 2019. Secured loans in non-accrual status are summarized in the following table. December 31, 2020 December 31, 2019 Number of loans 3 3 Principal $ 3,339,684 $ 1,204,495 Advances 10,320 10,677 Accrued interest 181,060 37,799 Total recorded investment $ 3,531,064 $ 1,252,971 Foregone interest $ 62,821 $ 3,952 Non-performing loans are placed on non-accrual status if 180 days delinquent or earlier if management determines 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 for accounting purposes only (i.e., foregone interest in the table above); however, previously recorded interest is not reversed. At December 31, 2020, 5 loans with combined principal of $4,703,296 were 90 days or more days past due and were not in non-accrual status. At December 31, 2019 one loan with principal of approximately $3,329,000 and accrued interest of approximately $132,000 was 90 or more days delinquent as to principal or interest and was not in non-accrual status. Provision/allowance for loan losses and impaired loans Generally, the company has not recorded an allowance for loan losses as all loans have protective equity such that collection is deemed probable for all recorded amounts due on the loan. From time to time, the manager may deem it in the best interest of the company to agree to concessions to borrowers to facilitate a sale of collateral or a borrower’s refinance transaction primarily for secured loans in second lien position. For the year ended December 31, 2020, the company recorded an insignificant recovery for loan losses. At December 31, 2019, the company recorded a $87,000 provision for loan losses, including a $37,000 specific allowance for a secured loan in second lien position, to facilitate the sale of the underlying collateral, which sold in February 2020. Activity in the allowance for loan losses is presented in the following table. 2020 2019 Balance, January 1 $ 87,000 $ — Provision for loan loss — 87,000 Recovery for loan losses (75 ) — Charge-offs (31,925 ) — Balance December 31 $ 55,000 $ 87,000 Loans designated impaired and the associated allowance for loan losses is presented in the following table. December 31, 2020 December 31, 2019 Number of loans (7) 6 4 Principal $ 7,529,684 $ 4,533,838 Recorded investment (8) 7,895,605 4,719,705 Impaired loans without allowance 7,895,605 4,451,368 Impaired loans with allowance — 268,337 Allowance for loan losses, impaired loans — 37,000 Weighted average LTV at origination 52.5 % 66.0 % (7) One loan with principal of approximately $377,000, which was 122 days past maturity, was continuing to make timely monthly payments, and in the process of negotiating an extension was not designated impaired at December 31, 2020. (8) Recorded investment is the sum of the principal, advances, and recorded accrued interest. Loans designated impaired had an average recorded investment and interest income recognized and received in cash as presented in the following table. December 31, 2020 December 31, 2019 Average recorded investment $ 6,307,655 $ 4,334,931 Interest income recognized 704,506 169,585 Interest income received in cash 360,753 67,990 Fair Value The following methods and assumptions are used when estimating fair value: Secured loans, performing and non-performing not designated as impaired (Level 3) - 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. Due to the nature of the company’s loans and borrowers, the fair value of loan balances secured by deeds of trust approximates the recorded amount (per the financial statements) due to the following: • are of shorter terms at origination than commercial real estate loans by institutional lenders and conventional single-family home mortgage lenders; • are written without a prepayment penalty causing uncertainty/a lack of predictability as to the expected duration of the loan; and • have limited marketability and are not yet sellable into an established secondary market. Secured loans, designated impaired (Level 3) - The fair value of secured loans designated impaired is the lesser of the fair value of the collateral or the enforceable amount of the note. Secured loans designated impaired are collateral dependent because it is expected that the primary source of repayment will not be from the borrower but rather from the collateral. The fair value of the collateral is determined on a nonrecurring basis 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 3 inputs). When the fair value of the collateral exceeds the enforceable amount of the note, the borrower is likely to redeem the note. Accordingly, third party market participants would generally pay the fair value of the collateral, but no more than the enforceable amount of the note. 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 its single-family residential assets is the sale comparison method. Management primarily obtains sale comps via 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 and adjusted 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 its multifamily units is the sale comparison method. Sale comps are typically provided in appraisals, or by realtors who specialize in multi-family residential properties. Sales 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. Management’s secondary method for valuing its multifamily assets as income-producing rental operations 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 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 adequate sale comps are not available or 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 and/or management will seek additional information in the form of brokers’ opinion of value or appraisals. Commercial buildings – Management’s preferred method for determining the fair value of its commercial buildings is the sale comparison method. Sale comps are typically provided in appraisals, or by realtors who specialize in commercial properties. 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, common areas, and year built. Management’s secondary method for valuing its commercial buildings 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 adequate sale comps are not available or 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 and/or management will seek additional information in the form of brokers’ opinion of value or appraisals. 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, including a determination of its highest and best use. 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.

Line of Credit

Line of Credit	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Line of Credit	NOTE 5 – LINE OF CREDIT Line of credit transactions are summarized in the following table. 2020 Balance, beginning of period $ — Draws 24,180,110 Repayments (14,180,110 ) Balance at December 31, 2020 $ 10,000,000 Line of credit - average daily balance $ 7,347,576 The company can borrow up to a maximum principal of $10 million subject to a borrowing base calculation pursuant to a credit and term loan agreement (the loan agreement) with a bank. Amounts under the loan agreement are secured by a first priority security interest in the notes and deeds of trust of the pledged loans in the borrowing base. The loan agreement matures March 13, 2022 when all amounts outstanding are then due. The company has the option at the maturity date to convert the then outstanding principal balance on the line of credit to a one-year term loan - for a fee of one-quarter of one percent (0.25%) – thereby extending the maturity date to March 13, 2023. Interest on the outstanding principal is payable monthly and accrues at the per annum rate of the greater of (i) five percent (5%) or (ii) the sum of the one-month LIBOR rate plus three and one-quarter percent (3.25%). If the company does not maintain the required compensating balance with a minimum daily average of $1.0 million for the calendar quarter, the interest rate automatically increases by one-quarter of one percent (0.25%) above that rate which would otherwise be applicable for the next calendar quarter retroactive to the beginning of the calendar quarter in which the compensating balance is not maintained. For each calendar quarter during which the aggregate average daily outstanding principal is less than fifty percent (50%) of the maximum principal of $10 million, there is a quarterly unused line fee equal to one-half of one percent (0.50%) per annum of the average daily difference between the average principal outstanding and fifty percent (50%) of the maximum principal of $10 million ($5,000,000). The loan proceeds are to be used exclusively to fund secured loans. The loan agreement provides for customary financial and borrowing base reporting by the company to the lending bank and specifies that the company shall maintain (i) minimum tangible net worth of $50 million, net of amounts due from related companies; (ii) debt service coverage ratio at all times of not less than 2.00 to 1.00; and (iii) loan payment delinquency of less than ten percent (10.0%) at calendar quarter-end, calculated as the principal of loans with payments over 61-days past due as determined by the lending bank’s guidance, less loan loss allowances, divided by total principal of the company’s loans. The loan agreement provides that in the event the loan payment delinquency rate exceeds 10.0% as of the end of any quarter, the bank will cease to make any further advances but agrees to not accelerate repayment of the loan. At December 31, 2020, aggregate principal of pledged loans was approximately $20,068,000 with a maximum allowed advance thereon of approximately $10,000,000, subject to the borrowing base calculation. Debt issuance costs of $109,526 are being amortized over the two-year term of the line of credit agreement. For 2020, amortized debt issuance costs included in interest expense totaled $41,021.

Commitments and Contingencies,

Commitments and Contingencies, Other Than Loan Commitments	12 Months Ended
	Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies, Other Than Loan Commitments	NOTE 6 – COMMITMENTS AND CONTINGENCIES, OTHER THAN LOAN COMMITMENTS Commitments At December 31, 2020, scheduled future redemptions of members’ capital was $887,466, all of which is scheduled for payment in 2021. The company has contractual obligations to RMC per the Operating Agreement. See Note 3 (Manager and Other Related Parties) for a more detailed discussion on the company’s contractual obligations to RMC. Legal proceedings In the normal course of its business, the company may become involved in legal proceedings (such as assignment of rents, bankruptcy proceedings, appointment of receivers, unlawful detainers, judicial foreclosure, etc.) to collect the debt owed under the promissory notes, to enforce the provisions of the deeds of trust, to protect its interest in the real property subject to the deeds of trust and to resolve disputes with borrowers, lenders, lien holders and mechanics. None of these actions, in and of themselves, typically would be of any material financial impact to the net income or balance sheet of the company. As of December 31, 2020, the company is not involved in any legal proceedings other than those that would be considered part of the normal course of business.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 7 – SUBSEQUENT EVENTS In the first quarter of 2021, a related mortgage fund transferred to the Company three The manager evaluated subsequent events that have occurred after December 31, 2020 and determined that there were no other events or transactions occurring during this reporting period that require recognition or disclosure in the financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
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”).
Reclassifications	Reclassifications Certain reclassifications, not affecting previously reported net income or total members’ capital, have been made to the previously issued financial statements to conform the current period presentation.
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 involve significant level of uncertainty and have had or are reasonably likely to have a material impact on the company’s financial condition or results of operations. 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 owned, at acquisition and subsequently. Actual results could differ materially from these estimates.
Fair Value Estimates	Fair value estimates GAAP defines fair value as the 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 real property 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 income 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, including the consideration of adjustments made for any attributes specific to the real estate property. 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.
Cash and Cash Equivalents	Cash in banks At December 31, 2020, certain of the company’s cash balances in banks exceed federally insured limits of $250,000. The bank or banks in which funds are deposited are reviewed periodically for their general creditworthiness/investment grade credit rating. See Note 5 (Line of Credit) for compensating balance arrangements.
Loans and Interest Income	Loans and interest income Performing loans are carried at amortized cost, which is generally equal to 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. For performing loans, interest is accrued daily on the principal plus advances, if any. Non-performing loans (i.e., loans with a payment in arears) less than 180 days delinquent continue to recognize interest income as long as the loan is in the process of collection and is considered to be well-secured. Non-performing loans are placed on non-accrual status if 180 days delinquent or earlier if management determines 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. Late fees are recognized in the period received. The company may fund a specific loan origination net of an interest reserve (one to two years) to insure timely interest payments at the inception of the loan. Any interest reserve is amortized over the period that the amount is prepaid. 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. In the normal course of the company’s operations, performing loans that mature may be renewed at then current market rates and terms for new loans. From time to time, the manager negotiates and enters into loan modifications with borrowers whose loans are delinquent (non-performing). If a loan modification were to result in an economic concession to the borrower (i.e., a significant delay or reduction in cash flows compared to the original note), the modification is deemed a troubled debt restructuring (“TDR”). In March 2020, various federal regulatory agencies issued an interagency statement on loan modifications and reporting for financial institutions working with borrowers affected by COVID-19. The interagency statement was effective immediately and impacted accounting for loan modifications. In December 2020, the guidance was further extended to modifications until January 1, 2022. The agencies confirmed with the staff of the Financial Accounting Standards Board (“FASB”) that short-term modifications made on a good faith basis in response to COVID- 19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. As of December 31, 2020, the company had not made any loan modifications under this guidance. The company funds loans with the intent to hold the loans until maturity. From time to time the company may sell certain loans. Loans are classified as held-for-sale once a decision has been made to sell loans and the loans held-for-sale have been identified. Loans classified as held for sale are carried at the lower of cost or fair value.
Allowance for Loan Losses	Allowance for loan losses Loans and the related accrued interest and advances (i.e., the loan balance) are analyzed on a periodic basis for ultimate recoverability. Collateral fair values are reviewed quarterly and the protective equity for each loan is computed. As used herein, “protective equity” is the dollar amount by which the net realizable value (i.e., fair value less the cost to sell) of the collateral, net of any senior liens exceeds the loan balance, where “loan balance” is the sum of the unpaid principal, advances and the recorded interest thereon. If based upon current information and events, it is probable the company will not collect substantially all amounts due according to the contractual terms of the original loan agreement, then a loan is designated as impaired. An insignificant delay or insignificant shortfall in the amount of payments does not constitute non-performance with the contractual terms of the original loan agreement if the manager expects to collect the amounts due including interest accrued at the contractual interest rate for the period of delay. In determining the probability that the borrower will not substantially perform according to the terms of the original loan agreement, the manager considers the following factors: - Payment status – if payments are in arrears 90+ days (typically 3 payments past due) loans are designated impaired unless resolution of the delinquency is forthcoming without significant delay. - Bankruptcy – if the borrower files bankruptcy, the loan is designated impaired. - Notice of sale – if the company files a notice of sale, the loan is designated impaired. Payments on impaired loans are applied in the following order: late fees, accrued interest, advances, and lastly to principal. A provision for loan losses to adjust the allowance for loan losses (principal and/or recorded interest) is made in an amount such that the net carrying amount (unpaid principal less the specific allowance) is reduced to the lower of the loan balance or the estimated fair value of the related collateral, net of any costs to sell in arriving at net realizable value and net of any senior loans. The company charges off uncollectible loans and related receivables directly to the allowance account once it is determined the full amount is not collectible. Any amounts collected after a charge off is deemed a recovery of loan losses. At foreclosure, any excess of the recorded investment in the loan (accounting basis) over the net realizable value of the collateral is charged against the allowance for loan losses.
Real Estate Owned (REO)	Real estate owned (“REO”) Real estate owned, or REO, is property acquired in full or partial settlement of loan obligations, generally through foreclosure, and is recorded at acquisition at 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. REO is analyzed periodically for changes in fair values and any subsequent write down is charged to operations expenses as an adjustment to the valuation allowance. 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 or losses 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.
Debt Issuance Costs	Debt issuance costs Debt issuance costs are the fees and commissions incurred in the course of obtaining a line of credit for services from banks, law firms and other professionals and are amortized on a straight-line basis, which approximates the interest method, as interest expense over the term of the line of credit.
Recently Issued Accounting Pronouncements	Recently issued accounting pronouncements -Accounting and Financial reporting for Expected Credit Losses The FASB issued an Accounting Standards Update (“ASU”) that significantly changes how entities will account for credit losses for most financial assets that are not measured at fair value through net income. The new standard will supersede currently in effect guidance and applies to all entities. Entities will be required to use a current expected credit loss (“CECL”) model to estimate credit impairment. This estimate will be forward-looking, meaning management will be required to use not only historical trends and current conditions, but must also consider forecasts about future economic conditions to determine the expected credit loss over the remaining life of an instrument. This will be a significant change from the current incurred credit loss model, and generally may result in allowances being recognized in earlier periods than under the current credit loss model. The ASU is effective for smaller reporting companies for interim and annual reporting periods in 2023. RMI IX invests in real estate secured loans made with the expectation that the possibility of credit losses is remote as a result of substantial protective equity provided by the underlying collateral. The real estate secured programs and low loan-to-value ratios have caused the Company to expect that the adoption of the CECL model from the incurred loss models presently in use as to credit loss recognition will likely not materially impact the reported results of operations or financial position. However, the impact, if any, upon adoption will be dependent upon the facts and circumstances relating to the company’s loans at that date. -Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, provides temporary optional expedients for various agreements and contracts that utilize the London Interbank Offered Rate (“LIBOR”) as the benchmark reference rate. The relief generally applies to eligible modifications of contractual terms that change (or have the potential to change) the amount or timing of contractual cash flows related to replacement of a reference rate. The relief allows such modifications to be accounted for as continuations of existing contracts without additional analysis. As the guidance in ASU 2020-04 is intended to assist entities during the global market-wide reference rate transition period, it is in effect from March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of the potential discontinuance of LIBOR in relation to the company’s line of credit and has not yet adopted the optional relief.

Manager and Other Related Par_2

Manager and Other Related Parties (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Summary of Loan Administrative Fees, Administration Fees and Operations Expenses, for Reimbursements and amounts Waived	Loan administrative fees, asset management fees, and costs from RMC, and the amounts waived by RMC for the year ended December 31, 2020 is presented in the following table. Loan Admin Fees Asset Management Fee Costs from RMC Total Chargeable/reimbursable $ 518,474 $ 541,284 $ 598,389 $ 1,658,147 Amounts waived by RMC (518,474 ) — (452,293 ) (970,767 ) Net charged $ — $ 541,284 $ 146,096 $ 687,380 Loan administrative fees, asset management fees, and costs from RMC, and the amounts waived by RMC for the year ended December 31, 2019 is presented in the following table. Loan Admin Fees Asset Management Fee Costs from RMC Total Chargeable/reimbursable $ 580,516 $ 476,748 $ 657,864 $ 1,715,128 Amounts waived by RMC (580,516 ) (198,645 ) (657,864 ) (1,437,025 ) Net charged $ — $ 278,103 $ — $ 278,103
Schedule of Accounts, Notes, Loans and Financing Receivable	Formation loan transactions are presented in the following table. 2020 2019 Balance at January 1, $ 3,948,064 $ 4,179,343 Formation loan advances to RMC — 186,656 Payments received from RMC (119,156 ) (355,301 ) Early withdrawal penalties applied (16,889 ) (62,634 ) Balance at December 31, $ 3,812,019 $ 3,948,064
Schedule of Unit Redemptions	The table below presents the company’s unit redemptions for the years ended December 31, 2020 and 2019. Redemptions 2020 2019 Without penalty $ 2,663,969 $ 1,281,768 With penalty 605,872 1,966,714 Total $ 3,269,841 $ 3,248,482 Early withdrawal penalties $ 30,851 $ 111,551
Summary of Organization and Offering Expenses	Unallocated O&O transactions are summarized in the following table. 2020 2019 Balance, January 1 $ 2,260,068 $ 2,519,458 O&O expenses reimbursed to RMC — 185,332 Early withdrawal penalties applied (1) (13,962 ) (19,415 ) O&O expenses allocated (2) (320,570 ) (329,234 ) O&O expenses repaid to Members' Capital by RMC (3) (67,254 ) (96,073 ) Balance, December 31 $ 1,858,282 $ 2,260,068 (1) Beginning July 1, 2019, the O&O expenses component of early withdrawal penalties are applied as a reduction to O&O expenses to be repaid by RMC to members’ capital on scheduled redemptions. The amounts credited are determined by the ratio between the amount of the formation loan and the amount of offering costs incurred by the company. Prior to June 30, 2019, early withdrawal penalties collected were applied to the next installment of principal due under the formation loan and to reduce the amount owed to RMC for O&O expenses. (2) Beginning in 2016, O&O expenses reimbursed to RMC by the company are allocated to members’ capital accounts over 40 quarters. (3) RMC is obligated under the Operating Agreement to repay the company for unallocated O&O expenses attributed to members’ capital accounts if the member redeems prior to the 40 quarterly allocations. RMC estimated its future obligations to repay unallocated O&O expenses on scheduled redemptions as of December 31, 2020, to be approximately $18,000, which is expected to be offset by early withdrawal penalties.

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2020
Secured Loan Principal Transactions	Secured loan transactions are summarized in the following table. 2020 2019 Principal, beginning of period $ 70,660,284 $ 62,115,713 Loans funded 51,847,350 58,051,600 Principal collected (36,369,655 ) (44,597,043 ) Loan transferred from related mortgage fund 2,996,677 — Loans transferred to related mortgage fund (237,002 ) — Loans sold to non-affiliate (6,602,779 ) (4,909,986 ) Charged off (20,068 ) — Principal, December 31 $ 82,274,807 $ 70,660,284
Secured Loans Characteristics	Secured loans had the characteristics presented in the following table. December 31, December 31, 2020 2019 Number of secured loans 82 77 Secured loans – principal $ 82,274,807 $ 70,660,284 Secured loans – lowest interest rate (fixed) 6.8 % 7.8 % Secured loans – highest interest rate (fixed) 10.5 % 10.5 % Average secured loan – principal $ 1,003,351 $ 917,666 Average principal as percent of total principal 1.2 % 1.3 % Average principal as percent of members’ capital, net 1.3 % 1.2 % Average principal as percent of total assets 1.2 % 1.2 % Largest secured loan – principal $ 6,735,000 $ 6,735,000 Largest principal as percent of total principal 8.2 % 9.5 % Largest principal as percent of members’ capital, net 8.5 % 8.5 % Largest principal as percent of total assets 7.9 % 8.9 % Smallest secured loan – principal $ 104,378 $ 125,656 Smallest principal as percent of total principal 0.1 % 0.2 % Smallest principal as percent of members’ capital, net 0.1 % 0.2 % Smallest principal as percent of total assets 0.1 % 0.2 % Number of California counties where security is located 14 17 Largest percentage of principal in one California county 28.2 % 27.0 %
Secured Loans by Lien Position in the Collateral	Secured loans had the lien positions in the following table. December 31, 2020 December 31, 2019 Loans Principal Percent Loans Principal Percent First trust deeds 56 $ 61,066,097 74 % 42 $ 42,712,037 60 % Second trust deeds 26 21,208,710 26 35 27,948,247 40 Total principal, secured loans 82 82,274,807 100 % 77 70,660,284 100 % Liens due other lenders at loan closing 45,206,740 54,062,023 Total debt $ 127,481,547 $ 124,722,307 Appraised property value at loan closing $ 251,970,000 $ 237,453,000 Percent of total debt to appraised values (LTV) at loan closing (1) 55.6 % 55.3 % (1) Based on appraised values and liens due to 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 of 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. December 31, 2020 December 31, 2019 Loans Principal Percent Loans Principal Percent Single family (2) 47 $ 30,297,525 37 % 53 $ 32,361,343 46 % Multi-family 8 8,285,157 10 9 9,219,497 13 Commercial 27 43,692,125 53 15 29,079,444 41 Total principal, secured loans 82 $ 82,274,807 100 % 77 $ 70,660,284 100 % (2) Single family property type as of December 31, 2020 consists of 8 loans with principal of $5,565,052 that are owner occupied and 39 loans with principal of $24,732,473 that are non-owner occupied. At December 31, 2019, single family property consisted of 11 loans with principal of $6,236,571 that are owner occupied and 42 loans with principal $26,124,772 that are non-owner occupied.
Secured Loans Distributed within California	The distribution of secured loans by counties is presented in the following table. December 31, 2020 December 31, 2019 Principal Percent Principal Percent San Francisco Bay Area (3) Santa Clara $ 23,205,654 28.2 % $ 19,064,638 27.0 % San Francisco 11,339,546 13.8 7,735,173 10.9 San Mateo 6,878,086 8.4 10,837,195 15.3 Alameda 6,790,814 8.2 2,930,219 4.2 Contra Costa 1,094,189 1.3 400,000 0.6 Marin 1,944,696 2.4 249,628 0.4 Santa Cruz — — 264,515 0.4 51,252,985 62.3 41,481,368 58.8 Other Northern California Monterey 1,110,000 1.4 1,110,000 1.6 Tehama 404,837 0.5 405,000 0.6 Sacramento 104,378 0.1 492,216 0.6 Sutter — 0.0 3,815,000 5.4 1,619,215 2.0 5,822,216 8.2 Northern California Total 52,872,200 64.3 47,303,584 67.0 Los Angeles & Coastal Los Angeles 11,775,334 14.3 12,531,312 17.7 San Diego 10,186,152 12.4 4,983,331 7.1 Orange 5,431,677 6.6 3,067,396 4.3 Santa Barbara 290,444 0.3 497,977 0.7 27,683,607 33.6 21,080,016 29.8 Other Southern California San Bernardino 1,719,000 2.1 1,200,000 1.7 Riverside — 0.0 1,076,684 1.5 1,719,000 2.1 2,276,684 3.2 Southern California Total 29,402,607 35.7 23,356,700 33.0 Total principal, secured loans $ 82,274,807 100.0 % $ 70,660,284 100.0 % (3) Includes Silicon Valley
Secured Loans Scheduled Maturities	Secured loans are scheduled to mature as presented in the following table as of December 31, 2020. Loans Principal Percent 2021 49 $ 54,204,452 66 % 2022 20 15,872,134 19 2023 6 7,828,420 9 2024 — — — 2025 5 3,749,488 5 Thereafter 1 243,700 1 Total scheduled maturities 81 81,898,194 100 Matured as of December 31, 2020 1 376,613 — Total principal, secured loans 82 $ 82,274,807 100 %
Past Due Financing Receivables	Secured loans, principal summarized by payment delinquency is presented in the following table. December 31, 2020 December 31, 2019 Loans Principal Loans Principal Current 73 $ 74,041,631 65 $ 62,174,140 Past Due 30-89 days 1 190,195 8 3,952,306 90-179 days 5 4,756,811 2 3,520,112 180 or more days 3 3,286,170 2 1,013,726 Total past due 9 8,233,176 12 8,486,144 Total principal, secured loans 82 $ 82,274,807 77 $ 70,660,284
Payments in Arrears Past Due Financing Receivables	Non-performing secured loans Non-performing loans as of December 31, 2020 and December 31, 2019 total $8,096,493 (8 loans) and $ 8,486,144 Payments in arrears for non-performing secured loans (i.e., principal and interest payments past due 30 or more days) are presented in the following table as of December 31, 2020. Loans Principal Interest(5) Past maturity Monthly payments Past maturity Monthly payments Past maturity Monthly payments Total payments in arrears Past due 30-89 days (1-3 payments) — 1 $ — $ 378 $ — $ 1,509 $ 1,887 90-179 days (4-6 payments) 1 4 376,613 854 — 146,270 523,737 180 or more days (more than 6 payments) 1 1 1,200,000 29 105,000 108,034 1,413,063 Total past due (4) 2 6 $ 1,576,613 $ 1,261 $ 105,000 $ 255,813 $ 1,938,687 (4) One loan with principal of approximately $137,000, which was 180 or more days past due, paid in full in January 2021 and so was not designated as non-performing at December 31, 2020, and is not included in the table above. (5) Interest includes foregone interest of approximately $42,000 on non-accrual loans past maturity and approximately $20,800 for monthly payments in arrears. December 2020 interest is due January 1, 2021 and is not included in the payments in arrears at December 31, 2020. Payments in arrears for non-performing secured loans (i.e., principal and interest payments past due 30 or more days) are presented in the following table as of December 31, 2019. Loans Principal Interest(6) Past maturity Monthly payments Past maturity Monthly payments Past maturity Monthly payments Total payments in arrears Past due 30-89 days (1-3 payments) 2 6 $ 311,294 $ 1,671 $ 1,198 $ 29,396 $ 343,559 90-179 days (4-6 payments) — 2 — 8,175 — 109,125 117,300 180 or more days (more than 6 payments) 1 1 764,097 903 15,760 13,834 794,594 Total past due 3 9 $ 1,075,391 $ 10,749 $ 16,958 $ 152,355 $ 1,255,453 (6) Interest includes foregone interest of $1,976 on non-accrual loans for monthly payments in arrears 180 or more days (6 or more payments). December 2019 interest is due January 1, 2020 and is not included in the payments in arrears at December 31, 2019.
Secured Loans in Non-Accrual Status	Secured loans in non-accrual status are summarized in the following table. December 31, 2020 December 31, 2019 Number of loans 3 3 Principal $ 3,339,684 $ 1,204,495 Advances 10,320 10,677 Accrued interest 181,060 37,799 Total recorded investment $ 3,531,064 $ 1,252,971 Foregone interest $ 62,821 $ 3,952
Activity in Allowance for Loan Losses	Activity in the allowance for loan losses is presented in the following table. 2020 2019 Balance, January 1 $ 87,000 $ — Provision for loan loss — 87,000 Recovery for loan losses (75 ) — Charge-offs (31,925 ) — Balance December 31 $ 55,000 $ 87,000
Impaired Loans [Member]
Impaired Financing Receivables	Loans designated impaired and the associated allowance for loan losses is presented in the following table. December 31, 2020 December 31, 2019 Number of loans (7) 6 4 Principal $ 7,529,684 $ 4,533,838 Recorded investment (8) 7,895,605 4,719,705 Impaired loans without allowance 7,895,605 4,451,368 Impaired loans with allowance — 268,337 Allowance for loan losses, impaired loans — 37,000 Weighted average LTV at origination 52.5 % 66.0 % (7) One loan with principal of approximately $377,000, which was 122 days past maturity, was continuing to make timely monthly payments, and in the process of negotiating an extension was not designated impaired at December 31, 2020. (8) Recorded investment is the sum of the principal, advances, and recorded accrued interest.
Average Balances and Interest Income [Member]
Impaired Financing Receivables	Loans designated impaired had an average recorded investment and interest income recognized and received in cash as presented in the following table. December 31, 2020 December 31, 2019 Average recorded investment $ 6,307,655 $ 4,334,931 Interest income recognized 704,506 169,585 Interest income received in cash 360,753 67,990

Line Of Credit (Tables)

Line Of Credit (Tables)	12 Months Ended
	Dec. 31, 2020
Line Of Credit Facility [Abstract]
Schedule of Line of Credit Facilities Activity	Line of credit transactions are summarized in the following table. 2020 Balance, beginning of period $ — Draws 24,180,110 Repayments (14,180,110 ) Balance at December 31, 2020 $ 10,000,000 Line of credit - average daily balance $ 7,347,576

Organization and General - Addi

Organization and General - Additional Information (Details)	12 Months Ended
	Dec. 31, 2020USD ($)Unit	Dec. 31, 2019	May 09, 2019USD ($)shares
Organization and General (Details) [Line Items]
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%
Loan to value ratios	52.50%	66.00%
Unit Redemption Program, Years After Purchase	1 year
Maximum Capital Units for Redemption Per Quarter Per Individual | Unit	100,000
Maximum Percentage of Members Total 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%
Base Percentage of Aggregate Capital Accounts for Required Contribution	one tenth of one percent (0.1%) of the aggregate capital accounts
DRIP [Member]
Organization and General (Details) [Line Items]
Gross proceeds from unit sales	$ 3,917,000
Member Units [Member]
Organization and General (Details) [Line Items]
Capital Unit Sold in Public Offering, Shares | shares			15,000,000
Capital Unit Sold in Public Offering, Value			$ 15,000,000
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%
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%
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%
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%
Redemption After Five Years [Member]
Organization and General (Details) [Line Items]
Redemption Value Percentage of Purchase Price or Capital Account Balance	100.00%
Maximum [Member]
Organization and General (Details) [Line Items]
Percentage of offering proceeds	7.00%
Debt-to-Value Ratio, Less than 80 Percent [Member] | Maximum [Member]
Organization and General (Details) [Line Items]
Loan to value ratios	70.00%
RMC [Member]
Organization and General (Details) [Line Items]
Percentage of profits and losses allocated to manager	1.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2020USD ($)Approach
Summary of Significant Accounting Policies [Line Items]
Estimating Real Property Value, Number of Approaches | Approach	3
Impaired loans maximum days of delinquent	180 days
Interest Reserve Minimum Length	1 year
Interest Reserve Maximum Length	2 years
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Federal Insurance Limit | $	$ 250,000

Manager and Other Related Par_3

Manager and Other Related Parties - Additional Information (Details)	Oct. 30, 2020USD ($)	Oct. 19, 2020USD ($)MortgageLoan	Oct. 14, 2020USD ($)	Sep. 30, 2020USD ($)MortgageLoan	Dec. 31, 2022USD ($)	Dec. 31, 2020USD ($)MortgageLoan	Dec. 31, 2019USD ($)MortgageLoan	Dec. 31, 2018USD ($)
Managers and Other Related Parties (Details) [Line Items]
Managers Share of net income or loss						1.00%
Formation loan advances to RMC							$ 186,656
Future redemptions of member's capital						$ 887,466
Reimbursement as a percentage of member's original purchase price						0.45%
Percentage of original purchase price, quarterly installment percentage						0.1125%
Payable to related party (Note 3)						$ 4,185
Receivables from manager						$ 2,267
Mortgage Loans on Real Estate, Number of Loans | MortgageLoan						82	77
Principal						$ 82,274,807	$ 70,660,284	$ 62,115,713
Repayment of promissory notes receivable from related parties						$ 119,156	$ 355,301
Repayment Of Interest	$ 1,831		$ 2,700
Redwood Mortgage Investors VIII [Member]
Managers and Other Related Parties (Details) [Line Items]
Promissory note receivable				$ 850,000
Number of mortgage loans securing notes receivable | MortgageLoan				2
Mortgages offered-for-sale		$ 7,535,000		$ 2,331,000
Promissory note payable		$ 800,000
Number of mortgage loans securing notes payable | MortgageLoan		5
Redwood Mortgage Investors VIII [Member] | Mortgage Loans [Member]
Managers and Other Related Parties (Details) [Line Items]
Debt instrument, interest rate terms		Interest on the note accrued at a rate equal to RMI VIII’s pro rata share of the weighted average interest payable on the held for sale loans through a term ending on the earlier of: (i) the closing of the purchase of the held for sale loans; and (ii) November 30, 2020.		Interest on the note accrued at a rate equal to RMI IX’s pro rata share of the weighted average interest payable on the held for sale loans through a term ending on the earlier of: (i) the closing of the purchase of the held for sale loans; and (ii) November 30, 2020.
Performing Loans [Member]
Managers and Other Related Parties (Details) [Line Items]
Mortgage Loans on Real Estate, Number of Loans | MortgageLoan						2	0
Principal						$ 2,997,000
One Performing Loan [Member]
Managers and Other Related Parties (Details) [Line Items]
Mortgage Loans on Real Estate, Number of Loans | MortgageLoan						1
Principal						$ 237,000
Accounts Payable and Cost Reimbursements [Member]
Managers and Other Related Parties (Details) [Line Items]
Payable to related party (Note 3)						6,452
Scheduled for Payment 2021 [Member]
Managers and Other Related Parties (Details) [Line Items]
Future redemptions of member's capital						$ 887,466
Scenario Forecast [Member]
Managers and Other Related Parties (Details) [Line Items]
Formation loan advances to RMC					$ 493,508
Maximum [Member]
Managers and Other Related Parties (Details) [Line Items]
Annual mortgage servicing fees, percentage						0.25%
Percentage of reimbursement of organization and offering expenses						4.50%
Reimbursement threshold						maximum of forty (40) such quarters
RMC [Member]
Managers and Other Related Parties (Details) [Line Items]
Management Fee, Percentage				0.75%		0.75%
Administrative Fees, Percentage						1.00%
Working Capital Reserve, Percentage						2.00%
Loan Brokerage Commission Percent Minimum						1.50%
Loan Brokerage Commission Percent Maximum						5.00%
Loan Brokerage Commissions, Maximum Percent of Assets						4.00%
Formation loan payment date						Dec. 31, 2027
Repayment of formation loan in annual installments						$ 123,377
Future redemptions of member's capital						$ 3,269,841	$ 3,248,482

Manager and Other Related Par_4

Manager and Other Related Parties - Summary of Loan Administrative Fees, Administration Fees and Operations Expenses, for Reimbursements and amounts Waived (Details) - RMC [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Managers and Other Related Parties (Details) [Line Items]
Chargeable/reimbursable	$ 1,658,147	$ 1,715,128
Amounts waived by RMC	(970,767)	(1,437,025)
Net charged	687,380	278,103
Loan Admin Fees [Member]
Managers and Other Related Parties (Details) [Line Items]
Chargeable/reimbursable	518,474	580,516
Amounts waived by RMC	(518,474)	(580,516)
Asset Management Fee [Member]
Managers and Other Related Parties (Details) [Line Items]
Chargeable/reimbursable	541,284	476,748
Amounts waived by RMC		(198,645)
Net charged	541,284	278,103
Costs from RMC [Member]
Managers and Other Related Parties (Details) [Line Items]
Chargeable/reimbursable	598,389	657,864
Amounts waived by RMC	(452,293)	$ (657,864)
Net charged	$ 146,096

Manager and Other Related Par_5

Manager and Other Related Parties - Formation Loan Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Formation Loan Transactions [Abstract]
Balance at January 1,	$ 3,948,064	$ 4,179,343
Formation loan advances to RMC		186,656
Payments received from RMC	(119,156)	(355,301)
Early withdrawal penalties applied	(16,889)	(62,634)
Balance at December 31,	$ 3,812,019	$ 3,948,064

Manager and Other Related Par_6

Manager and Other Related Parties - Schedule of Unit Redemptions (Details) - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Managers and Other Related Parties (Details) [Line Items]
Total, Capital redemptions		$ 887,466
Early withdrawal penalties	[1]	13,962	$ 19,415
RMC [Member]
Managers and Other Related Parties (Details) [Line Items]
Total, Capital redemptions		3,269,841	3,248,482
Early withdrawal penalties		30,851	111,551
RMC [Member] | Without Penalty [Member]
Managers and Other Related Parties (Details) [Line Items]
Total, Capital redemptions		2,663,969	1,281,768
RMC [Member] | With Penalty [Member]
Managers and Other Related Parties (Details) [Line Items]
Total, Capital redemptions		$ 605,872	$ 1,966,714
[1]	Beginning July 1, 2019, the O&O expenses component of early withdrawal penalties are applied as a reduction to O&O expenses to be repaid by RMC to members’ capital on scheduled redemptions. The amounts credited are determined by the ratio between the amount of the formation loan and the amount of offering costs incurred by the company. Prior to June 30, 2019, early withdrawal penalties collected were applied to the next installment of principal due under the formation loan and to reduce the amount owed to RMC for O&O expenses.

Manager and Other Related Par_7

Manager and Other Related Parties - Summary of Organization and Offering Expenses (Details) - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Balance, January 1		$ 2,260,068	$ 2,519,458
O&O expenses reimbursed to RMC			185,332
Early withdrawal penalties applied	[1]	(13,962)	(19,415)
O&O expenses allocated	[2]	(320,570)	(329,234)
O&O expenses repaid to Members' Capital by RMC	[3]	(67,254)	(96,073)
Balance, December 31		$ 1,858,282	$ 2,260,068
[1]	Beginning July 1, 2019, the O&O expenses component of early withdrawal penalties are applied as a reduction to O&O expenses to be repaid by RMC to members’ capital on scheduled redemptions. The amounts credited are determined by the ratio between the amount of the formation loan and the amount of offering costs incurred by the company. Prior to June 30, 2019, early withdrawal penalties collected were applied to the next installment of principal due under the formation loan and to reduce the amount owed to RMC for O&O expenses.
[2]	Beginning in 2016, O&O expenses reimbursed to RMC by the company are allocated to members’ capital accounts over 40 quarters
[3]	RMC is obligated under the Operating Agreement to repay the company for unallocated O&O expenses attributed to members’ capital accounts if the member redeems prior to the 40 quarterly allocations. RMC estimated its future obligations to repay unallocated O&O expenses on scheduled redemptions as of December 31, 2020, to be approximately $18,000, which is expected to be offset by early withdrawal penalties

Manager and Other Related Par_8

Manager and Other Related Parties - Summary of Organization and Offering Expenses (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2020USD ($)
Related Party Transactions [Abstract]
O&O expenses reimbursed period to RMC	120 months
Unallocated O&O expenses on units rebates period	120 months
Estimated future rebates on scheduled redemptions	$ 18,000

Loans - Additional Information

Loans - Additional Information (Details)

Jul. 29, 2019USD ($)MortgageLoan

Mar. 27, 2021USD ($)MortgageLoan

Dec. 31, 2020USD ($)MortgageLoan

Oct. 31, 2020

Mar. 31, 2021USD ($)MortgageLoan

Sep. 30, 2019USD ($)

Dec. 31, 2020USD ($)MortgageLoanLoan

Dec. 31, 2019USD ($)MortgageLoanLoan

Jan. 31, 2021USD ($)Loan

Dec. 31, 2020

Dec. 31, 2020MortgageLoan

Dec. 31, 2020Loan

Sep. 30, 2020USD ($)

Dec. 31, 2019

Dec. 31, 2019MortgageLoan

Dec. 31, 2019Loan

Dec. 31, 2019Payment

Mar. 31, 2019USD ($)

Loans Details [Line Items]

Loans Receivable, Term

5 years

Mortgage Loans on Real Estate, Number of Loans | MortgageLoan

82

77

Loans Receivable, Number of Principal and Interest Loans | Loan

50

Loans Receivable, Amortization Term

30 years

Mortgage Loans on Real Estate Renewed Number of Loans | MortgageLoan

20

8

Mortgage Loans on Real Estate Principal Renewed

$ 14,144,000

$ 5,195,000

Mortgage Loans on Real Estate, Number of Loans Sold | MortgageLoan

4

Financing Receivable, Recorded Investment, Nonaccrual Status (in Dollars)

$ 6,122,779

$ 500,000

6,122,779

$ 480,000

$ 136,640

Accrued Interest On Mortgage Loans Net

$ 31,830

28,171

28,171

Gain recognized on sales of loans

87,000

$ 0

Mortgage Loans on Real Estate, Number of Loans | MortgageLoan

8

1

Loans receivable aggregate principal amount

$ 4,273,346

Largest secured loan - principal (in Dollars)

6,735,000

6,735,000

6,735,000

Commitment to Lend, Outstanding

0

0

Number of loans

3

82

2

77

Principal

82,274,807

$ 82,274,807

70,660,284

Number of payment | Payment

2

Payment received from borrower

$ 283,000

Number of troubled debt restructurings | MortgageLoan

0

0

Non-performing loans

8,096,493

$ 8,096,493

$ 8,486,144

Non-Performing Number Of Loans

8

12

Monthly payments, interest

20,800

20,800

Accrued interest

683,975

$ 683,975

611,226

Allowance for loans losses reserve

$ 37,000

Number of loans | Loan

[1]

6

4

Principal

7,529,684

$ 7,529,684

$ 4,533,838

Equity [Member]

Loans Details [Line Items]

Allowance for loans losses reserve

87,000

87,000

Secured Loan [Member]

Loans Details [Line Items]

Allowance for loans losses reserve

37,000

$ 37,000

Subsequent Event [Member]

Loans Details [Line Items]

Mortgage Loans on Real Estate, Number of Loans | MortgageLoan

2

3

Principal

$ 868,000

$ 3,600,000

Past Due 180 Or More Days [Member]

Loans Details [Line Items]

Monthly payments, principal

903

Forgone interest

1,976

Monthly payments, interest

[2]

$ 13,834

Interest, Due Date

Jan. 1, 2020

Single Family Residence [Member]

Loans Details [Line Items]

Mortgage Loans on Real Estate, Number of Loans | MortgageLoan

[3]

47

53

Commercial Building [Member] | San Bernardino [Member]

Loans Details [Line Items]

Principal

1,200,000

$ 1,200,000

Loans receivables maturity date

Jul. 1, 2020

Loans receivable extended maturity date

Jul. 31, 2021

Commercial Building [Member] | Alameda [Member]

Loans Details [Line Items]

Loans receivable extended maturity date

Dec. 31, 2020

Commercial Building [Member] | Alameda [Member] | Single Family Residence [Member]

Loans Details [Line Items]

Principal

137,000

$ 137,000

Loans receivables maturity date

Dec. 1, 2019

Commercial Building [Member] | San Francisco [Member]

Loans Details [Line Items]

Principal

990,000

$ 990,000

Loans receivables maturity date

Dec. 1, 2025

Period of interest payments that may be deferred

2 months

Time period of reducing borrowers interest payment terms

4 months

Percentage of reduced interest rate

50.00%

Forbearance Agreement [Member]

Loans Details [Line Items]

Number of loans | MortgageLoan

2

Past Due 90-179 Days [Member]

Loans Details [Line Items]

Number of loans | Loan

5

2

Principal

4,756,811

$ 4,756,811

$ 3,520,112

Past Due 90-179 Days [Member] | Forbearance Agreement [Member]

Loans Details [Line Items]

Number of loans | MortgageLoan

1

Principal

990,000

990,000

Past Due 180 Or More Days [Member]

Loans Details [Line Items]

Number of loans | Loan

3

2

Principal

3,286,170

3,286,170

1,013,726

Monthly payments, principal

29

29

Forgone interest

42,000

42,000

Monthly payments, interest

[4]

108,034

$ 108,034

Interest, Due Date

Jan. 1, 2021

Past Due 180 Or More Days [Member] | Subsequent Event [Member]

Loans Details [Line Items]

Number of loans | Loan

1

Monthly payments, principal

$ 137,000

Past Due 180 Or More Days [Member] | Forbearance Agreement [Member]

Loans Details [Line Items]

Number of loans | MortgageLoan

1

Principal

1,200,000

$ 1,200,000

Past Due 549 Days [Member]

Loans Details [Line Items]

Number of loans | MortgageLoan

1

Principal

$ 764,100

Loans receivable extended maturity date

Apr. 1, 2020

Past Due 274 Days [Member]

Loans Details [Line Items]

Number of loans | MortgageLoan

1

Principal

$ 3,329,000

Past Due 92 Days [Member] | Impaired Loans [Member]

Loans Details [Line Items]

Principal

190,000

$ 190,000

Loans receivables maturity date

Jun. 1, 2016

Loans receivable extended maturity date

Oct. 1, 2021

Financial Asset, Equal to or Greater than 90 Days Past Due

Loans Details [Line Items]

Number of loans | MortgageLoan

5

1

Financing receivable, recorded investment, 90 days past due and still accruing

4,703,296

$ 4,703,296

3,329,000

Accrued interest

$ 132,000

Past Due 122 Days [Member]

Loans Details [Line Items]

Number of loans | Loan

1

Principal

377,000

$ 377,000

Minimum [Member]

Loans Details [Line Items]

Loans Receivable, Remaining Term

5 years

Five Years Or Less Term Loans [Member]

Loans Details [Line Items]

Mortgage Loans on Real Estate, Number of Loans | MortgageLoan

77

Loans Receivable, Percent of Aggregate Principal

97.00%

Interest Only [Member]

Loans Details [Line Items]

Loans Receivable, Percent of Aggregate Principal

34.00%

Largest Loan [Member]

Loans Details [Line Items]

Loans Receivable, Yield of Loan Acquired

8.25%

Loans Receivable Maturity Date

Oct. 1, 2021

Construction Or Rehabilitation Loans [Member]

Loans Details [Line Items]

Loans outstanding

$ 0

$ 0

[1]

One loan with principal of approximately $377,000, which was 122 days past maturity, was continuing to make timely monthly payments, and in the process of negotiating an extension was not designated impaired at December 31, 2020.

[2]

Interest includes foregone interest of $1,976 on non-accrual loans for monthly payments in arrears 180 or more days (6 or more payments). December 2019 interest is due January 1, 2020 and is not included in the payments in arrears at December 31, 2019.

[3]

Single family property type as of December 31, 2020 consists of 8 loans with principal of $5,565,052 that are owner occupied and 39 loans with principal of $24,732,473 that are non-owner occupied. At December 31, 2019, single family property consisted of 11 loans with principal of $6,236,571 that are owner occupied and 42 loans with principal $26,124,772 that are non-owner occupied.

[4]

Interest includes foregone interest of approximately $42,000 on non-accrual loans past maturity and approximately $20,800 for monthly payments in arrears. December 2020 interest is due January 1, 2021 and is not included in the payments in arrears at December 31, 2020.

Loans - Secured Loan Principal

Loans - Secured Loan Principal Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Principal, beginning of period	$ 70,660,284	$ 62,115,713
Loans funded	51,847,350	58,051,600
Principal collected	(36,369,655)	(44,597,043)
Loan transferred from related mortgage fund	2,996,677
Loans transferred to related mortgage fund	(237,002)
Loans sold to non-affiliate	(6,602,779)	(4,909,986)
Charged off	(20,068)
Principal, December 31, 2020	$ 82,274,807	$ 70,660,284

Loans - Secured Loans Character

Loans - Secured Loans Characteristics (Details)	12 Months Ended
	Dec. 31, 2020USD ($)MortgageLoanCountry	Dec. 31, 2019USD ($)MortgageLoanCountry	Dec. 31, 2018USD ($)
Secured Loan Transactions [Line Items]
Number of secured loans | MortgageLoan	82	77
Secured loans - principal (in Dollars)	$ 82,274,807	$ 70,660,284	$ 62,115,713
Average secured loan - principal (in Dollars)	$ 1,003,351	$ 917,666
Average principal as percent of total principal	1.20%	1.30%
Average principal as percent of members’ capital, net	1.30%	1.20%
Average principal as percent of total assets	1.20%	1.20%
Largest secured loan - principal (in Dollars)	$ 6,735,000	$ 6,735,000
Largest principal as percent of total principal	8.20%	9.50%
Largest principal as percent of members’ capital, net	8.50%	8.50%
Largest principal as percent of total assets	7.90%	8.90%
Smallest secured loan - principal (in Dollars)	$ 104,378	$ 125,656
Smallest principal as percent of total principal	0.10%	0.20%
Smallest principal as percent of members’ capital, net	0.10%	0.20%
Smallest principal as percent of total assets	0.10%	0.20%
Number of California counties where security is located | Country	14	17
Largest percentage of principal in one California county	28.20%	27.00%
Minimum [Member]
Secured Loan Transactions [Line Items]
Secured loans - interest rate (fixed)	6.80%	7.80%
Maximum [Member]
Secured Loan Transactions [Line Items]
Secured loans - interest rate (fixed)	10.50%	10.50%

Loans - Secured Loans by Lien P

Loans - Secured Loans by Lien Position in the Collateral (Details)		12 Months Ended
		Dec. 31, 2020USD ($)MortgageLoan	Dec. 31, 2019USD ($)MortgageLoan	Dec. 31, 2018USD ($)
Loans (Details) - Secured Loans by Lien Position in the Collateral [Line Items]
Loans | MortgageLoan		82	77
Loans - principal (in Dollars)		$ 82,274,807	$ 70,660,284	$ 62,115,713
Liens due other lenders at loan closing		45,206,740	54,062,023
Total debt		127,481,547	124,722,307
Appraised property value at loan closing		$ 251,970,000	$ 237,453,000
Percent of total debt to appraised values (LTV) at loan closing	[1]	55.60%	55.30%
Loans - percent		100.00%	100.00%
First Trust Deeds [Member]
Loans (Details) - Secured Loans by Lien Position in the Collateral [Line Items]
Loans | MortgageLoan		56	42
Loans - principal (in Dollars)		$ 61,066,097	$ 42,712,037
Loans - percent		74.00%	60.00%
Second Trust Deeds [Member]
Loans (Details) - Secured Loans by Lien Position in the Collateral [Line Items]
Loans | MortgageLoan		26	35
Loans - principal (in Dollars)		$ 21,208,710	$ 27,948,247
Loans - percent		26.00%	40.00%
[1]	Based on appraised values and liens due to 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 of senior liens to other lenders.

Loans - Secured Loans by Proper

Loans - Secured Loans by Property Type (Details)		12 Months Ended
		Dec. 31, 2020USD ($)MortgageLoan	Dec. 31, 2019USD ($)MortgageLoan	Dec. 31, 2018USD ($)
Loans (Details) - Secured Loans by Property Type [Line Items]
Loans | MortgageLoan		82	77
Loans - principal (in Dollars) | $		$ 82,274,807	$ 70,660,284	$ 62,115,713
Loans - percent		100.00%	100.00%
Single Family Residence [Member]
Loans (Details) - Secured Loans by Property Type [Line Items]
Loans | MortgageLoan	[1]	47	53
Loans - principal (in Dollars) | $	[1]	$ 30,297,525	$ 32,361,343
Loans - percent	[1]	37.00%	46.00%
Multifamily [Member]
Loans (Details) - Secured Loans by Property Type [Line Items]
Loans | MortgageLoan		8	9
Loans - principal (in Dollars) | $		$ 8,285,157	$ 9,219,497
Loans - percent		10.00%	13.00%
Commercial [Member]
Loans (Details) - Secured Loans by Property Type [Line Items]
Loans | MortgageLoan		27	15
Loans - principal (in Dollars) | $		$ 43,692,125	$ 29,079,444
Loans - percent		53.00%	41.00%
[1]	Single family property type as of December 31, 2020 consists of 8 loans with principal of $5,565,052 that are owner occupied and 39 loans with principal of $24,732,473 that are non-owner occupied. At December 31, 2019, single family property consisted of 11 loans with principal of $6,236,571 that are owner occupied and 42 loans with principal $26,124,772 that are non-owner occupied.

Loans - Secured Loans by Prop_2

Loans - Secured Loans by Property Type (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2020USD ($)MortgageLoan	Dec. 31, 2019USD ($)MortgageLoan	Dec. 31, 2018USD ($)
Loans (Details) - Secured Loans by Property Type [Line Items]
Loans | MortgageLoan	82	77
Principal | $	$ 82,274,807	$ 70,660,284	$ 62,115,713
Single Family Property-Owner Occupied [Member]
Loans (Details) - Secured Loans by Property Type [Line Items]
Loans | MortgageLoan	8	11
Principal | $	$ 5,565,052	$ 6,236,571
Single Family Property-NonOwner Occupied [Member]
Loans (Details) - Secured Loans by Property Type [Line Items]
Loans | MortgageLoan	39	42
Principal | $	$ 24,732,473	$ 26,124,772

Loans - Secured Loans Distribut

Loans - Secured Loans Distributed Within California (Details) - USD ($)		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 82,274,807	$ 70,660,284	$ 62,115,713
Loans - percent		100.00%	100.00%
Santa Clara [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)	[1]	$ 23,205,654	$ 19,064,638
Loans - percent	[1]	28.20%	27.00%
San Francisco [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)	[1]	$ 11,339,546	$ 7,735,173
Loans - percent	[1]	13.80%	10.90%
San Mateo [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)	[1]	$ 6,878,086	$ 10,837,195
Loans - percent	[1]	8.40%	15.30%
Alameda [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)	[1]	$ 6,790,814	$ 2,930,219
Loans - percent	[1]	8.20%	4.20%
Contra Costa [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)	[1]	$ 1,094,189	$ 400,000
Loans - percent	[1]	1.30%	0.60%
Marin [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 1,944,696	$ 249,628
Loans - percent		2.40%	0.40%
Santa Cruz [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)			$ 264,515
Loans - percent			0.40%
San Francisco Bay Area [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)	[1]	$ 51,252,985	$ 41,481,368
Loans - percent	[1]	62.30%	58.80%
Monterey [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 1,110,000	$ 1,110,000
Loans - percent		1.40%	1.60%
Tehama [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 404,837	$ 405,000
Loans - percent		0.50%	0.60%
Sacramento [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 104,378	$ 492,216
Loans - percent		0.10%	0.60%
Sutter [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)			$ 3,815,000
Loans - percent		0.00%	5.40%
Other Northern California [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 1,619,215	$ 5,822,216
Loans - percent		2.00%	8.20%
Northern California [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 52,872,200	$ 47,303,584
Loans - percent		64.30%	67.00%
Los Angeles [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 11,775,334	$ 12,531,312
Loans - percent		14.30%	17.70%
San Diego [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 10,186,152	$ 4,983,331
Loans - percent		12.40%	7.10%
Orange [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 5,431,677	$ 3,067,396
Loans - percent		6.60%	4.30%
Santa Barbara [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 290,444	$ 497,977
Loans - percent		0.30%	0.70%
Los Angeles & Coastal [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 27,683,607	$ 21,080,016
Loans - percent		33.60%	29.80%
San Bernardino [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 1,719,000	$ 1,200,000
Loans - percent		2.10%	1.70%
Riverside [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)			$ 1,076,684
Loans - percent		0.00%	1.50%
Other Southern California [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 1,719,000	$ 2,276,684
Loans - percent		2.10%	3.20%
Southern California [Member]
Loans (Details) - Secured Loans Distributed Within California [Line Items]
Loans - principal (in Dollars)		$ 29,402,607	$ 23,356,700
Loans - percent		35.70%	33.00%
[1]	Includes Silicon Valley

Loans - Secured Loans Scheduled

Loans - Secured Loans Scheduled Maturities (Details)	12 Months Ended
	Dec. 31, 2020USD ($)MortgageLoan	Dec. 31, 2019USD ($)MortgageLoan	Jul. 29, 2019MortgageLoan	Dec. 31, 2018USD ($)
Secured Loans Scheduled Maturities [Abstract]
2021, Loans | MortgageLoan	49
2022, Loans | MortgageLoan	20
2023, Loans | MortgageLoan	6
2025, Loans | MortgageLoan	5
Thereafter, Loans | MortgageLoan	1
Total scheduled maturities, Loans | MortgageLoan	81
Matured as of December 31, 2020, Loans | MortgageLoan	1		8
Loans | MortgageLoan	82	77
2021, Principal | $	$ 54,204,452
2022, Principal | $	15,872,134
2023, Principal | $	7,828,420
2025, Principal | $	3,749,488
Thereafter, Principal | $	243,700
Total scheduled maturities, Principal | $	81,898,194
Matured as of December 31, 2020, Principal | $	376,613
Total principal, secured loans | $	$ 82,274,807	$ 70,660,284		$ 62,115,713
2021, Percent	66.00%
2022, Percent	19.00%
2023, Percent	9.00%
2025, Percent	5.00%
Thereafter, Percent	1.00%
Total scheduled maturities, Percent	100.00%
Total principal, secured loans, Percent	100.00%	100.00%

Loans - Past Due Financing Rece

Loans - Past Due Financing Receivables (Details)	Dec. 31, 2020USD ($)	Dec. 31, 2020MortgageLoan	Dec. 31, 2020Loan	Dec. 31, 2019USD ($)	Dec. 31, 2019MortgageLoan	Dec. 31, 2019Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans		3	82		2	77
Principal	$ 82,274,807			$ 70,660,284
Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan			73			65
Principal	74,041,631			62,174,140
Past Due 30-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan			1			8
Principal	190,195			3,952,306
Past Due 90-179 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan			5			2
Principal	4,756,811			3,520,112
Past Due 180 Or More Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan			3			2
Principal	3,286,170			1,013,726
Total past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan			9			12
Principal	$ 8,233,176			$ 8,486,144

Loans - Schedule of Payments in

Loans - Schedule of Payments in Arrears Past Due Financing Receivables (Details)		Dec. 31, 2020USD ($)Loan	Dec. 31, 2019USD ($)Loan
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Monthly payments, interest		$ 20,800
30-89 days [Member]
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Number of loans | Loan			2
Number of loans | Loan			6
Past maturity, principal			$ 311,294
Monthly payments, principal			1,671
Past maturity, interest	[1]		1,198
Monthly payments, interest	[1]		29,396
Total payments			$ 343,559
90-179 days [Member]
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Number of loans | Loan			2
Monthly payments, principal			$ 8,175
Monthly payments, interest	[1]		109,125
Total payments			$ 117,300
Past Due 180 Or More Days [Member]
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Number of loans | Loan			1
Number of loans | Loan			1
Past maturity, principal			$ 764,097
Monthly payments, principal			903
Past maturity, interest	[1]		15,760
Monthly payments, interest	[1]		13,834
Total payments			$ 794,594
Total past due [Member]
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Number of loans | Loan			3
Number of loans | Loan			9
Past maturity, principal			$ 1,075,391
Monthly payments, principal			10,749
Past maturity, interest	[1]		16,958
Monthly payments, interest	[1]		152,355
Total payments			$ 1,255,453
30-89 days [Member]
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Number of loans | Loan		1
Monthly payments, principal		$ 378
Monthly payments, interest	[2]	1,509
Total payments		$ 1,887
90-179 days [Member]
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Number of loans | Loan		1
Number of loans | Loan		4
Past maturity, principal		$ 376,613
Monthly payments, principal		854
Monthly payments, interest	[2]	146,270
Total payments		$ 523,737
Past Due 180 Or More Days [Member]
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Number of loans | Loan		1
Number of loans | Loan		1
Past maturity, principal		$ 1,200,000
Monthly payments, principal		29
Past maturity, interest	[2]	105,000
Monthly payments, interest	[2]	108,034
Total payments		$ 1,413,063
Total past due [Member]
Loans Details Secured Loans By Property Type Of Collateral [Line Items]
Number of loans | Loan	[3]	2
Number of loans | Loan	[3]	6
Past maturity, principal	[3]	$ 1,576,613
Monthly payments, principal	[3]	1,261
Past maturity, interest	[2],[3]	105,000
Monthly payments, interest	[2],[3]	255,813
Total payments	[3]	$ 1,938,687
[1]	Interest includes foregone interest of $1,976 on non-accrual loans for monthly payments in arrears 180 or more days (6 or more payments). December 2019 interest is due January 1, 2020 and is not included in the payments in arrears at December 31, 2019.
[2]	Interest includes foregone interest of approximately $42,000 on non-accrual loans past maturity and approximately $20,800 for monthly payments in arrears. December 2020 interest is due January 1, 2021 and is not included in the payments in arrears at December 31, 2020.
[3]	One loan with principal of approximately $137,000, which was 180 or more days past due, paid in full in January 2021 and so was not designated as non-performing at December 31, 2020, and is not included in the table above.

Loans - Secured Loans in Non-Ac

Loans - Secured Loans in Non-Accrual Status (Details)	12 Months Ended
	Dec. 31, 2020USD ($)MortgageLoan	Dec. 31, 2019USD ($)MortgageLoan	Dec. 31, 2018USD ($)
Loans Details Secured Loans In Nonaccrual Status [Line Items]
Loans | MortgageLoan	82	77
Loans - principal (in Dollars)	$ 82,274,807	$ 70,660,284	$ 62,115,713
Accrued interest	$ 683,975	$ 611,226
Non-Accrual Status [Member]
Loans Details Secured Loans In Nonaccrual Status [Line Items]
Loans | MortgageLoan	3	3
Loans - principal (in Dollars)	$ 3,531,064	$ 1,252,971
Accrued interest	181,060	37,799
Forgone interest	62,821	3,952
Principal [Member] | Non-Accrual Status [Member]
Loans Details Secured Loans In Nonaccrual Status [Line Items]
Loans - principal (in Dollars)	3,339,684	1,204,495
Advances [Member] | Non-Accrual Status [Member]
Loans Details Secured Loans In Nonaccrual Status [Line Items]
Loans - principal (in Dollars)	$ 10,320	$ 10,677

Loans - Activity in the Allowan

Loans - Activity in the Allowance for Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Balance, beginning of period	$ 87,000
Provision for loan loss		$ 87,000
Recovery for loan losses	(75)
Charge-offs	(31,925)
Balance, end of period	$ 55,000	$ 87,000

Loans - Schedule of Impaired Lo

Loans - Schedule of Impaired Loans/Allowance for Loan Losses (Details)		12 Months Ended
		Dec. 31, 2020USD ($)Loan	Dec. 31, 2019USD ($)Loan
Secured Loans Designated as Impaired Loans [Abstract]
Number of loans | Loan	[1]	6	4
Principal		$ 7,529,684	$ 4,533,838
Recorded investment	[2]	7,895,605	4,719,705
Impaired loans without allowance		$ 7,895,605	4,451,368
Impaired loans with allowance			268,337
Allowance for loan losses, impaired loans			$ 37,000
Weighted average LTV at origination		52.50%	66.00%
[1]	One loan with principal of approximately $377,000, which was 122 days past maturity, was continuing to make timely monthly payments, and in the process of negotiating an extension was not designated impaired at December 31, 2020.
[2]	One loan with principal of approximately $377,000, which was 122 days past maturity, was continuing to make timely monthly payments, and in the process of negotiating an extension was not designated impaired at December 31, 2020. Recorded investment is the sum of the principal, advances, and recorded accrued interest.

Loans - Impaired Loans - Averag

Loans - Impaired Loans - Average Balances and Interest Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Impaired Loans - Average Balances and Interest Income [Abstract]
Average recorded investment	$ 6,307,655	$ 4,334,931
Interest income recognized	704,506	169,585
Interest income received in cash	$ 360,753	$ 67,990

Line of Credit - Schedule of Li

Line of Credit - Schedule of Line of Credit Facilities Activity (Details)	12 Months Ended
	Dec. 31, 2020USD ($)
Debt Disclosure [Abstract]
Draws	$ 24,180,110
Repayments	(14,180,110)
Balance at December 31, 2020	10,000,000
Line of credit - average daily balance	$ 7,347,576

Line of Credit - Additional Inf

Line of Credit - Additional Information (Details) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2020
Short Term Debt [Line Items]
Pledged loans, principal amount		$ 20,068,000	$ 20,068,000
Debt issuance costs			109,526
Amortization of debt issuance costs			41,021
Line Of Credit [Member]
Short Term Debt [Line Items]
Debt issuance costs			109,526
Maximum [Member]
Short Term Debt [Line Items]
Pledged loans, advance amount		$ 10,000,000	$ 10,000,000
Revolving Credit Facility [Member]
Short Term Debt [Line Items]
Line of credit facility, maximum amount outstanding during period	$ 10,000,000
Maturity date	Mar. 13, 2022
Term loan, duration	1 year
Line of credit facility, conversion of outstanding principal balance to term loan of fee	0.25%
Line of credit extended maturity date	Mar. 13, 2023
Line of credit facility, description	The company has the option at the maturity date to convert the then outstanding principal balance on the line of credit to a one-year term loan - for a fee of one-quarter of one percent (0.25%) – thereby extending the maturity date to March 13, 2023
Line of credit facility, description			Interest on the outstanding principal is payable monthly and accrues at the per annum rate of the greater of (i) five percent (5%) or (ii) the sum of the one-month LIBOR rate plus three and one-quarter percent (3.25%)
Line of credit facility, interest rate		5.00%	5.00%
Compensating balance, minimum		$ 1,000,000	$ 1,000,000
Interest on non maintenance of compensating balance			0.25%
Line of credit facility, average rate		50.00%
Line of credit facility, unused line of fee		0.50%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Short Term Debt [Line Items]
Line of credit facility, interest rate		3.25%	3.25%
Line Of Credit [Member] | Maximum [Member]
Short Term Debt [Line Items]
Debt service coverage ratio			2
Line Of Credit [Member] | Maximum [Member] | Financial Asset, 61 Days Past Due [Member]
Short Term Debt [Line Items]
Loan payment, quarterly		10.00%	10.00%
Line Of Credit [Member] | Minimum [Member]
Short Term Debt [Line Items]
Minimum tangible net worth		$ 50,000,000	$ 50,000,000
Debt service coverage ratio			1

Commitment and Contingencies, O

Commitment and Contingencies, Other Than Loan Commitments - Additional Information (Details)	12 Months Ended
	Dec. 31, 2020USD ($)
Commitments And Contingencies Disclosure [Abstract]
Future redemptions of members' capital	$ 887,466

Subsequent Events - Additional

Subsequent Events - Additional Information (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 27, 2021USD ($)MortgageLoan	Mar. 31, 2021USD ($)MortgageLoan	Dec. 31, 2020USD ($)MortgageLoan	Dec. 31, 2019USD ($)MortgageLoan
Subsequent Event [Line Items]
Number of secured loans | MortgageLoan			82	77
Principal | $			$ 82,274,807	$ 70,660,284
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of secured loans | MortgageLoan	2	3
Principal | $	$ 868,000	$ 3,600,000