XML 67 R10.htm IDEA: XBRL DOCUMENT
v2.4.0.6

NOTES AND INTEREST RECEIVABLE FROM RELATED PARTIES | 12 Months Ended
--- | ---
Dec. 31, 2012
NOTES AND INTEREST RECEIVABLE FROM RELATED PARTIES |
NOTES AND INTEREST RECEIVABLE FROM RELATED PARTIES | NOTE 3. NOTES AND INTEREST RECEIVABLE FROM RELATED PARTIES Junior Mortgage Loans. Junior mortgage loans are loans secured by mortgages that are subordinate to one or more prior liens on the underlying real estate. Recourse on the loans ordinarily includes the real estate which secures the loan, other collateral and personal guarantees of the borrower. At December 2012 and 2011, we had junior mortgage loans and accrued interest receivable from related parties, net of allowances, totaling $25.2 million and $29.8 million, respectively. The loans mature at various dates through December 2027 and have interest rates at 5.25%, increasing in the future to 12.00%. Payments are due from surplus cash flow or sale or refinancing of the underlying properties. These notes are cross collateralized to the extent that any surplus cash available from the sale or refinance of any of the properties underlying these notes will be used to repay outstanding interest and principal for the remaining notes. Our mortgage notes receivable consist of junior mortgage loans (dollars in thousands):
|  | Maturity |  |  | Interest |  |
Borrower |  | Date |  |  | Rate |  |  | Amount |  | Security
Performing loans: |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Echo Station) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 1,481 |  | 100% Interest in Unified Housing of Temple, LLC
Unified Housing Foundation, Inc. (Lakeshore Villas) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 2,000 |  | Unsecured
Unified Housing Foundation, Inc. (Lakeshore Villas) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 6,363 |  | Membership interest in Housing for Seniors of Humble, LLC
Unified Housing Foundation, Inc. (Limestone Canyon) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 3,057 |  | 100% Interest in Unified Housing of Austin, LLC
Unified Housing Foundation, Inc. (Limestone Ranch) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 2,250 |  | 100% Interest in Unified Housing of Vista Ridge, LLC
Unified Housing Foundation, Inc. (Parkside Crossing) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 1,936 |  | 100% Interest in Unified Housing of Parkside Crossing, LLC
Unified Housing Foundation, Inc. (Sendero Ridge) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 5,174 |  | 100% Interest in Unified Housing of Sendero Ridge, LLC
Unified Housing Foundation, Inc. (Timbers of Terrell) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 1,323 |  | 100% Interest in Unified Housing of Terrell, LLC
Unified Housing Foundation, Inc. (Tivoli) |  |  | 12/27 |  |  |  | 5.25 | % |  |  | 1,826 |  | 100% Interest in Unified Housing of Tivoli, LLC
Accrued interest |  |  |  |  |  |  |  |  |  |  | 1,592 |  |
Total Performing |  |  |  |  |  |  |  |  |  | $ | 27,002 |  |
Allowance for estimated losses |  |  |  |  |  |  |  |  |  |  | (1,826 | ) |
Total |  |  |  |  |  |  |  |  |  | $ | 25,176 |  |
All are related party notes. |  |  |  |  |  |  |  |  |  |  |  |  |
On February 29, 2012, we received $3.3 million from UHF as payoff for the $3.0 note receivable due from UHF, related to Cliffs of El Dorado and $0.3 million in accrued interest.

X
- Details
Name: | fil_NotesAndInterestReceivableFromAffiliateAbstract
Namespace Prefix: | fil_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph k Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration