v3.26.1
Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operations    
Interest income received $ 2,389 $ 2,122
Interest expense paid (52) (75)
Late fees and other loan income (6) 14
Operations expense (1,185) (1,594)
REO holding costs (142) 0
Total cash provided by operations 1,004 467
Investing    
Loans funded (10,966) (15,002)
Principal collected 11,480 23,293
Proceeds from loans sold to non-affiliate, net 3,384 1,076
REO sales, net 1,065 0
Advances (132) (52)
Total cash provided by investing 4,831 9,315
Members' and manager's capital    
Total distributions to members and manager (2,637) (3,072)
Organization and offering expenses repaid by RMC, net 5 11
Cash (used in) members and manager's capital (2,632) (3,061)
Line of credit    
Advances 1,900 2,000
Repayments 0 (6,000)
Debt issuance costs (65) 0
Cash (used in) provided by line of credit 1,835 (4,000)
Formation loan collected 208 104
Total cash (used in) financing (589) (6,957)
Net increase in cash 5,246 2,825
Cash, beginning of year 562 12,058
Cash, end of period 5,808 14,883
Net income 1,300 488
Adjustments to reconcile net income to net cash provided by operations    
Gain on sale, loans (2) (8)
Amortization of debt issuance costs 17 16
Provision for Credit Losses 330 110
REO - gain on disposal (309) 0
Change in operating assets and liabilities    
Loan payments in trust (15) 7
Accrued interest (391) (3)
Prepaid interest 0 (11)
Prepaid expenses (52) (32)
Other receivable 147 3
Accounts payable and accrued liabilities (15) (78)
Payable to related parties (6) (25)
Total adjustments (296) (21)
Total cash provided by operations 1,004 467
Non-cash investing activities    
Real estate acquired by foreclosure 900 0
Other liabilities, net assumed at acquisition (201) 0
REO acquired, net of payables and other liabilities assumed at possession 699 0
Members' Redemptions [Member]    
Members' and manager's capital    
Total distributions to members and manager (1,582) (1,674)
Earnings Distributed To Members [Member]    
Members' and manager's capital    
Total distributions to members and manager $ (1,055) $ (1,398)