XML 22 R11.htm IDEA: XBRL DOCUMENT

Transactions With Affilliates	6 Months Ended
Jun. 30, 2018
Notes to Financial Statements
Transactions With Affilliates	5. TRANSACTIONS WITH AFFILIATES The Company has an Advisory Agreement with Church Loan Advisors, Inc. (the “Advisor”). The Advisor is responsible for the day-to-day operations of the Company and provides office space and administrative services. The Advisor and the Company are related through common ownership and common management. A majority of the independent board members approve the advisory agreement on an annual basis. The Company paid the Advisor management fees of approximately $152,000 and $161,000 during the six months ended June 30, 2018 and 2017, respectively

Transactions With Affilliates

6 Months Ended

Jun. 30, 2018

5. TRANSACTIONS WITH AFFILIATES

The Company has an Advisory Agreement with Church Loan Advisors, Inc. (the “Advisor”). The Advisor is responsible for the day-to-day operations of the Company and provides office space and administrative services. The Advisor and the Company are related through common ownership and common management. A majority of the independent board members approve the advisory agreement on an annual basis. The Company paid the Advisor management fees of approximately $152,000 and $161,000 during the six months ended June 30, 2018 and 2017, respectively