Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash, in banks	$ 1,033,000	$ 2,299,000
Loan payments in trust	67,000	131,000
Loans
Principal	81,097,000	82,275,000
Advances	17,000	14,000
Accrued interest	529,000	684,000
Prepaid interest	(643,000)	0
Loan balances secured by deeds of trust	81,000,000	82,973,000
Allowance for loan losses	(55,000)	(55,000)
Loan balances secured by deeds of trust, net	80,945,000	82,918,000
Debt issuance costs, net	14,000	69,000
Prepaid expenses	25,000	0
Total assets	82,084,000	85,417,000
LIABILITIES AND MEMBERS’ CAPITAL
Accounts payable and accrued liabilities	75,000	100,000
Payable to related parties	101,000	4,000
Line of credit	8,480,000	10,000,000
Total liabilities	8,656,000	10,104,000
Commitments and contingencies (Note 6)
Members’ capital, net	76,816,000	79,125,000
Receivable from manager (formation loan)	(3,388,000)	(3,812,000)
Members’ capital, net of formation loan	73,428,000	75,313,000
Total liabilities and members’ capital	$ 82,084,000	$ 85,417,000