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Mortgage Notes and Other Receivable (Details Narrative) (USD $)
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9 Months Ended |
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Sep. 30, 2014
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| Mortgage Notes And Other Receivable Details Narrative | |
| Mortgage note acquired from bank | $ 2,626,920 |
| Carrying amount of mortgage note receivable | 2,634,019 |
| Principal portion of mortgage note receivable | 2,493,264 |
| Interest portion of mortgage note receivable | 113,218 |
| Fees paid to selling bank | $ 27,158 |
| Interest rate | 7.24% |
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No authoritative reference available. No definition available.
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No authoritative reference available. No definition available.
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- Details
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No authoritative reference available. No definition available.
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- Definition
The stated interest rate on the mortgage loan receivable or the weighted average interest rate on a group of loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from borrowings supported by a written promise to pay an obligation that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the carrying amount as of the balance sheet date of loans made to broker-dealers which are generally secured by marketable securities owned by the borrower broker-dealer but held by the lender, are interest-bearing, and payable upon demand. The right to demand payment may be conditioned upon the occurrence of certain events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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