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NOTES AND INTEREST RECEIVABLE (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of notes receivable

Below is a summary of our notes receivable as of March 31, 2020 (dollars in thousands): 

 

              Maturity   Interest          
    Borrower         Date   Rate   Amount   Security
Performing loans:                          
   Prospectus Endeavors 4, LLC         01/23   12.00%      5,907   Secured
   Prospectus Endeavors 6, LLC         10/22   12.00%      496   Secured
   Oulan-Chikh Family Trust       03/21   8.00%      174   Secured
   H198, LLC (McKinney Ranch Land)       09/20   6.00%      4,554   Secured
   Forest Pines phase I           11/20   5.00%      2,869   Secured
   Spyglass Apartments of Ennis, LP       11/20   5.00%      5,335   Secured
   Bellwether Ridge           05/20   5.00%      3,853   Secured
   Parc at Windmill Farms         05/20   5.00%      7,697   Secured
   Autumn Breeze Apts         10/21   5.00%      1,414   Secured
   Plum Tree           10/21   5.00%      492   Secured
   Parc at Ingleside           12/21   5.00%      1,827   Secured
   RNC Revolving Line of Credit         09/24   5.00%      8,851   Secured
   Steeple Crest           10/20   5.00%      6,665   Secured
   RAI PFBL 2018 Purch Fee Note Weatherford     12/21   12.00%      525   Secured
   Unified Housing Foundation, Inc. (Echo Station) (1)     12/32   12.00%      1,481   Secured
   Unified Housing Foundation, Inc. (Inwood on the Park) (1)   12/32   12.00%      3,639   Secured
   Unified Housing Foundation, Inc. (Kensington Park) (1)     12/32   12.00%      3,933   Secured
   Unified Housing Foundation, Inc. (Lakeshore Villas) (1)     12/32   12.00%      2,000   Secured
   Unified Housing Foundation, Inc. (Lakeshore Villas) (1)     12/32   12.00%      6,369   Secured
   Unified Housing Foundation, Inc. (Lakeshore Villas) (1)     12/32   12.00%      2,732   Secured
   Unified Housing Foundation, Inc. (Limestone Ranch) (1)   12/32   12.00%      1,953   Secured
   Unified Housing Foundation, Inc. (Limestone Ranch) (1)   12/32   12.00%      2,000   Secured
   Unified Housing Foundation, Inc. (Limestone Ranch) (1)   12/32   12.00%      4,000   Secured
   Unified Housing Foundation, Inc. (Timbers of Terrell) (1)   12/32   12.00%      1,323   Secured
   Unified Housing Foundation, Inc. (1)       12/21   12.00%      10,401   Unsecured
   Unified Housing Foundation, Inc. (1)       06/20   12.00%      5,314   Unsecured
   Unified Housing Foundation, Inc. (1)       03/22   12.00%      4,782   Unsecured
   Unified Housing Foundation, Inc. (Lakeshore Villas) (1)     07/21   12.00%      838   Secured
   Unified Housing Foundation, Inc. (Limestone Ranch) (1)   07/21   12.00%      773   Secured
   Unified Housing Foundation, Inc. (Marquis at Vista Ridge) (1)   07/21   12.00%      839   Secured
   Unified Housing Foundation, Inc. (Timbers at the Park) (1)   07/21   12.00%      432   Secured
   Unified Housing Foundation, Inc. (Bella Vista) (1)     08/21   12.00%      212   Secured
   Unified Housing Foundation, Inc. (1)       10/21   12.00%      6,832   Unsecured
   Unified Housing Foundation, Inc. (1)       12/32   12.00%      497   Unsecured
   Unified Housing Foundation, Inc. (1)       03/23   12.00%      61   Unsecured
   Unified Housing Foundation, Inc. (1)       03/23   12.00%      1,482   Unsecured
   Unified Housing Foundation, Inc. (1)       03/23   12.00%      4,792   Unsecured
   Unified Housing Foundation, Inc. (1)       03/23   12.00%      716   Unsecured
   Unified Housing Foundation, Inc. (1)       03/23   12.00%      317   Unsecured
   Realty Advisors Management, Inc. (1)       12/22   2.28%      20,387   Unsecured
   One Realco Corporation         01/23   3.00%      7,000   Unsecured
   Other related party notes (1) (2)         Various   Various      1,825   Various secured interests
   Other non-related party notes         Various   Various      11,692   Various secured interests
   Accrued interest                      11,637    
Total Performing                   $   170,918    
   Allowance for estimated losses                    (12,557 )  
Total                   $   158,361    

 

 

(1)

Related party notes.

 

(2)

An allowance was taken for estimated losses at full value of note.