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Real Estate Owned and Held-For-Sale, Portfolio (Details)
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
property
Jun. 30, 2016
USD ($)
Jun. 30, 2017
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Real Estate Owned            
Real estate owned, net       $ 17,354,720   $ 19,491,805
Impairment loss on real estate owned       2,700,000 $ 11,200,000  
Restricted cash due to escrow requirement       137,138,389   29,314,929
Real Estate Held-For-Sale            
Proceeds from sale of real estate, net         49,029,780  
Pay off outstanding debt         $ 27,155,000  
Multifamily and Hotel | Disposed of by sale            
Real Estate Held-For-Sale            
Proceeds from sale of real estate, net $ 50,700,000          
Gain on sale of property $ 11,600,000          
Multifamily | Disposed of by sale            
Real Estate Held-For-Sale            
Number of properties sold | property 3          
Pay off outstanding debt $ 27,100,000          
Real Estate Owned            
Real Estate Owned            
Less: Impairment loss       (13,307,354)   (11,200,000)
Less: Accumulated depreciation and amortization       (9,739,753)   (9,147,998)
Real estate owned, net       17,354,720   19,491,805
Restricted cash due to escrow requirement       700,000   700,000
Real Estate Owned | Hotel            
Real Estate Owned            
Less: Impairment loss       (13,307,354)   (11,200,000)
Less: Accumulated depreciation and amortization       (9,089,355)   (8,658,737)
Real estate owned, net       $ 11,540,664   13,908,812
Weighted average occupancy rate of properties (as a percent) 58.00%     55.00% 58.00%  
Amount of weighted average daily rate of properties       $ 113 $ 108  
Amount of weighted average daily revenue of properties       62 $ 63  
Impairment loss on real estate owned   $ 11,200,000 $ 2,700,000      
Real Estate Owned | Office            
Real Estate Owned            
Less: Accumulated depreciation and amortization       (650,398)   (489,261)
Real estate owned, net       5,814,056   5,582,993
Real Estate Owned | Land            
Real Estate Owned            
Real estate owned, gross       7,802,651   7,802,651
Real Estate Owned | Land | Hotel            
Real Estate Owned            
Real estate owned, gross       3,293,651   3,293,651
Real Estate Owned | Land | Office            
Real Estate Owned            
Real estate owned, gross       4,509,000   4,509,000
Real Estate Owned | Building and intangible assets            
Real Estate Owned            
Real estate owned, gross       32,599,176   32,037,152
Real Estate Owned | Building and intangible assets | Hotel            
Real Estate Owned            
Real estate owned, gross       30,643,722   30,473,898
Real Estate Owned | Building and intangible assets | Office            
Real Estate Owned            
Real estate owned, gross       $ 1,955,454   $ 1,563,254