Commitments and Contingencies (Details Textual) |
1 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Apr. 30, 2018
USD ($)
|
Mar. 31, 2018
USD ($)
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
|
Amortization of Deferred Loan Origination Fees, Net | $ 76,200 | $ 74,000 | ||
Number of Real Estate Properties | 1,400,000 | |||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 360,000 | $ 260,000 | ||
Employment Agreements Description | (i) the employment term is five years commencing February 9, 2017, with extensions for successive one-year periods unless either party provides written notice at least 180 days prior to the next anniversary date of its intention to not renew the agreement; (ii) effective as of April 2018, each receives an annual base salary is $360,000, increased from $260,000; (iii) each is entitled to incentive compensation in such amount as determined by the Compensation Committee of the Company’s Board of Directors; (iv) each is entitled to participate in the Company’s employee benefit plans; (v) each is entitled to full indemnification permitted by law; (v) each is subject to a two-year non-competition period following the termination of employment without cause; and (vi) each is entitled to payments upon termination of employment or a change in control. | |||
Unfunded Loan Commitment [Member] | ||||
Other Commitment | $ 5,963,355 | |||
Manager [Member] | ||||
Loan Servicing Fees, Description | the loan servicing fee ranges from one-twelfth (1∕12th) of one-half percent (0.5%) to one percent (1.0%) of the loan portfolio | |||
Loan Servicing Fees, Percentage | 1.00% | |||
Loan Portfolio Expense | $ 32,778 | |||
Payments for Other Fees | 3,069 | |||
JJV LLC [Member] | ||||
Loan Origination Fees ,Percentage | 75.00% | |||
Loan Processing Fee | $ 52,902 | |||
JJV LLC [Member] | Minimum [Member] | ||||
Loan Origination Fees On Original Loan Principal, Percentage | 2.00% | |||
JJV LLC [Member] | Maximum [Member] | ||||
Loan Origination Fees On Original Loan Principal, Percentage | 5.00% |