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Debt Obligations (Details 8) (USD $)
9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2014
Real Estate owned
Multifamily Portfolio
Dec. 31, 2013
Real Estate owned
Multifamily Portfolio
Sep. 30, 2014
First mortgage
Multifamily Portfolio
Sep. 30, 2014
First mortgage
Multifamily Portfolio
Sep. 30, 2014
Mortgage Notes Payable - Real Estate Owned and Held-For-Sale with maturity date of July 2015
First mortgage
Dec. 31, 2013
Mortgage Notes Payable - Real Estate Owned and Held-For-Sale with maturity date of July 2015
First mortgage
Dec. 31, 2014
Mortgage Notes Payable - Real Estate Owned and Held-For-Sale with maturity date of July 2015
First mortgage
Real Estate held for sale
item
Sep. 30, 2014
Mortgage Notes Payable - Real Estate Held-For-Sale
First mortgage
Real Estate held for sale
Multifamily Portfolio
item
Sep. 30, 2014
Mortgage Notes Payable - Real Estate Owned
First mortgage
Multifamily Portfolio
Debt Obligations                      
Mortgage note payable - real estate owned $ 25,022,701 $ 42,745,650 $ 25,000,000 $ 42,700,000     $ 48,800,000 $ 53,800,000      
Reduction in mortgage note payable 4,937,098       1,300,000 1,600,000     11,100,000   3,400,000
Variable interest rate, description             one-month LIBOR        
Variable rate, spread (as a percent)             1.23%        
Investment classified as real estate held-for-sale               11,000,000      
Mortgage note payable - real estate held-for-sale $ 23,791,205 $ 11,005,354               $ 23,800,000  
Number of properties sold                 1    
Number of real estate properties classified as held-for-sale                   3