|
Note 6 - Consolidated K-Series (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Note 6 - Consolidated K-Series (Tables) [Line Items] |
|
| Schedules of Concentration of Risk, by Risk Factor [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
New York
|
|
|
35.9
|
%
|
|
|
37.8
|
%
|
|
Massachusetts
|
|
|
24.6
|
%
|
|
|
25.2
|
%
|
|
New Jersey
|
|
|
10.4
|
%
|
|
|
9.5
|
%
|
|
Florida
|
|
|
5.8
|
%
|
|
|
5.1
|
%
|
|
Connecticut
|
|
|
5.6
|
%
|
|
|
5.0
|
%
|
|
|
Multi-Family Loans Held in Securitization Trusts [Member]
|
|
| Note 6 - Consolidated K-Series (Tables) [Line Items] |
|
| Schedules of Concentration of Risk, by Risk Factor [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
Texas
|
|
|
14.0
|
%
|
|
|
14.0
|
%
|
|
California
|
|
|
13.7
|
%
|
|
|
13.6
|
%
|
|
New York
|
|
|
7.2
|
%
|
|
|
6.8
|
%
|
|
Florida
|
|
|
6.5
|
%
|
|
|
7.4
|
%
|
|
Washington
|
|
|
5.3
|
%
|
|
|
5.0
|
%
|
|
Georgia
|
|
|
4.4
|
%
|
|
|
5.4
|
%
|
|
|
Consolidated K-Series [Member]
|
|
| Note 6 - Consolidated K-Series (Tables) [Line Items] |
|
| Condensed Balance Sheet [Table Text Block] |
|
Balance Sheets
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
Multi-family loans held in securitization trusts
|
|
$
|
8,111,022
|
|
|
$
|
5,442,906
|
|
|
Receivables
|
|
|
30,222
|
|
|
|
18,342
|
|
|
Total Assets
|
|
$
|
8,141,244
|
|
|
$
|
5,461,248
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity
|
|
|
|
|
|
|
|
|
|
Multi-family CDOs
|
|
$
|
7,871,020
|
|
|
$
|
5,319,573
|
|
|
Accrued expenses
|
|
|
29,766
|
|
|
|
18,022
|
|
|
Total Liabilities
|
|
|
7,900,786
|
|
|
|
5,337,595
|
|
|
Equity
|
|
|
240,458
|
|
|
|
123,653
|
|
|
Total Liabilities and Equity
|
|
$
|
8,141,244
|
|
|
$
|
5,461,248
|
|
|
| Condensed Income Statement [Table Text Block] |
|
|
|
Year Ended December 31,
|
|
|
Statements of Operations
|
|
2013
|
|
|
2012
|
|
|
2011
|
|
|
Interest income
|
|
$
|
228,631
|
|
|
$
|
104,410
|
|
|
$
|
—
|
|
|
Interest expense
|
|
|
210,229
|
|
|
|
97,032
|
|
|
|
—
|
|
|
Net interest income
|
|
|
18,402
|
|
|
|
7,378
|
|
|
|
—
|
|
|
Unrealized gain on multi-family loans and debt held in securitization trusts
|
|
|
31,495
|
|
|
|
6,662
|
|
|
|
—
|
|
|
Net Income
|
|
$
|
49,897
|
|
|
$
|
14,040
|
|
|
$
|
—
|
|
|