|
Consolidated Balance Sheets (USD $)
|
Jun. 30, 2013
|
Dec. 31, 2012
|
| ASSETS |
|
|
| Cash |
$ 204,309 |
$ 573 |
| Loan receivable, net |
3,979,467 |
0 |
| Accrued interest receivable |
24,631 |
0 |
| Prepaid expenses and other assets |
33,153 |
0 |
| Deferred costs |
0 |
940,618 |
| Total assets |
4,241,560 |
941,191 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
| Revolving line of credit with affiliate |
1,950,000 |
0 |
| Due to affiliate |
1,255,056 |
121,500 |
| Accounts payable and accrued expenses |
970,329 |
635,216 |
| Distributions payable |
17,755 |
0 |
| Interest payable |
7,987 |
0 |
| Total liabilities |
4,201,127 |
756,716 |
| Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding at June 30, 2013 and December 31, 2012 |
0 |
0 |
| Common stock, $0.01 par value, 300,000,000 shares authorized, 110,610 and 8,888 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively |
1,106 |
89 |
| Additional paid-in capital |
218,792 |
199,911 |
| Accumulated deficit |
(179,465) |
(15,525) |
| Total stockholders' equity |
40,433 |
184,475 |
| Total liabilities and stockholders' equity |
$ 4,241,560 |
$ 941,191 |