BUSINESS, BASIS OF PRESENTATION AND LIQUIDITY (Details Textual)		1 Months Ended	3 Months Ended			9 Months Ended		12 Months Ended		68 Months Ended
	Feb. 28, 2017 USD ($)	Dec. 31, 2016 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2015 USD ($)	Mar. 31, 2015 USD ($)	Sep. 30, 2016 USD ($) hotel	Sep. 30, 2015 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2008 USD ($)	Sep. 29, 2016 USD ($)	Jan. 01, 2016 USD ($)	Oct. 01, 2015 USD ($)	Jan. 23, 2015 USD ($)	Dec. 31, 2014 USD ($)	Oct. 31, 2014 USD ($)	Jun. 18, 2010
Business, Basis of Presentation and Liquidity [Line Items]
Number of hotels operated | hotel						2
Funds Raised in Equity Capital										$ 875,000,000
Percentage of Membership Units of the Fund																	89.00%
Accumulated Deficit		$ 678,778,000		$ 671,178,000				$ 678,778,000	$ 671,178,000
Proceeds from secured notes payable					$ 78,800,000
Repayments of secured notes payable				28,800,000				36,934,000	91,081,000
Notes payable		63,599,000		85,014,000				63,599,000	85,014,000
Cash and Cash Equivalents		11,449,000		7,603,000				11,449,000	7,603,000						$ 1,915,000
Funds Held by Lender and Restricted Cash		2,239,000		3,541,000				2,239,000	3,541,000
Mortgage Loans Held for Sale, Net		378,000		11,147,000				378,000	11,147,000
Real Estate Acquired through Foreclosure		122,072,000		152,867,000				122,072,000	152,867,000						145,372,000
Proceeds from sale of REO assets and other recoveries								48,000,000
Long-term Debt, Gross		67,627,000		95,482,000				67,627,000	95,482,000
Held For Sale [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Real Estate Acquired through Foreclosure		17,837,000		5,346,000				17,837,000	5,346,000						$ 53,686,000
IMH Gabella [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Minimum liquidity balance						$ 7,500,000
Project One [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Minimum liquidity balance							$ 7,500,000
Sedona Loan [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Minimum net worth														$ 50,000,000
Sedona Loan [Member] | First Year of Loan Term [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Minimum liquidity balance		3,000,000						3,000,000						4,000,000
Sedona Loan [Member] | Second Year of Loan Term [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Minimum liquidity balance														$ 5,000,000
SRE Monarch Lending [Member] | SRE Revolver [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Repayments of debt		4,000,000
Debt fee						100,000
Proceeds from line of credit								4,000,000
Subsequent Event [Member] | SRE Monarch Lending [Member] | SRE Revolver [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Repayments of debt			$ 200,000
Non-Revolving Credit Facility [Member] | SRE Monarch Lending [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Notes payable												$ 5,000,000
Repayments of debt		5,000,000
Debt fee		0		50,000				0	50,000
Secured Debt [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Proceeds from secured notes payable							$ 78,800,000
Secured Debt [Member] | 5.4 Million Note Payable [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Mortgage Loans Held for Sale, Net		7,100,000						7,100,000
Long-term Debt, Gross				5,400,000					5,400,000
Secured Debt [Member] | Subsequent Event [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Repayments of secured notes payable	$ 50,000,000
Unsecured Debt [Member] | Non-Revolving Credit Facility [Member] | SRE Monarch Lending [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Line of credit facility		0		$ 5,000,000				0	$ 5,000,000
IMH Gabella [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Construction loan acquired																$ 24,000,000
Minimum liquidity balance													$ 4,000,000
Hotel Assets [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Minimum liquidity balance		$ 3,000,000				$ 3,000,000		$ 3,000,000			$ 5,000,000