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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS

Revolving Line of Credit with SRE Monarch Lending, LLC

Subsequent to March 31, 2016, we exercised our initial advance under the SRE Revolver in the amount of $2.5 million and paid related fees totaling $50,000.

Chief Financial Officer Offer Letter

Subsequent to March 31, 2016, IMH Management Services, LLC, a wholly-owned subsidiary of IMH Financial Corporation (“the Company”), entered into an offer letter with Samuel J. Montes to serve as the Company’s Chief Financial Officer. Mr. Montes will receive an annual base salary of $275,000 and a guaranteed bonus for 2016 of $50,000.