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THE FREMF TRUSTS - Condensed Consolidated Statements of Operations (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Variable Interest Entity [Line Items]                    
Interest income $ 7,826,000 $ 8,117,000 $ 8,480,000 $ 9,194,000 $ 8,954,000 $ 9,832,000 $ 10,289,000 $ 9,983,000    
Interest expense 3,187,000 3,285,000 3,696,000 5,018,000 5,589,000 6,036,000 6,242,000 5,776,000    
Net interest income 4,639,000 4,832,000 4,784,000 4,176,000 3,365,000 3,796,000 4,047,000 4,207,000 $ 18,430,514 $ 15,413,842
General and administrative fees                 (3,518,500) (4,335,376)
Net income $ 2,469,000 $ 2,551,000 $ 1,878,000 $ 1,551,000 $ 1,222,000 $ 2,158,000 $ 1,394,000 $ 1,475,000 $ 8,449,770 6,248,890
FREMF Trusts                    
Variable Interest Entity [Line Items]                    
Interest income                   78,361
Interest expense                   0
Net interest income                   78,361
General and administrative fees                   (709,439)
Unrealized gain (loss) on multifamily loans held in securitization trusts                   694,339
Net income                   $ 63,261