Real Estate Owned - Additional information (Details) - USD ($) |
9 Months Ended | ||
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Sep. 30, 2020 |
Sep. 30, 2019 |
Dec. 31, 2019 |
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Real Estate Owned | |||
Real Estate Investment Property, at Cost | $ 7,523,584 | $ 8,258,082 | |
Rental Properties | 1,478,854 | ||
Real Estate Held-for-sale | 6,044,730 | ||
Impairment loss on real estate owned | $ 495,000 | $ 0 |
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- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount of income producing properties held for rental. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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