Financial Instruments And Concentrations Of Credit Risk	3 Months Ended
Mar. 31, 2015
Risks and Uncertainties [Abstract]
Financial Instruments And Concentrations Of Credit Risk	NOTE C — FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF CREDIT RISK Financial instruments consist of cash, interest and other receivables, notes receivable, accounts payable and accrued liabilities, due to/from related parties and notes payable. The carrying values of these instruments approximate their fair values due to their short-term nature. Marketable securities and marketable securities – related party and investment in real estate loans are further described in Note J – Fair Value. Financial instruments with concentration of credit and market risk include cash, interest and other receivables, marketable securities and marketable securities- related party, notes receivable, accounts payable and accrued liabilities, due to/from related parties, notes payable, and loans secured by deeds of trust. We maintain cash deposit accounts and certificates of deposit which, at times, may exceed federally-insured limits. To date, we have not experienced any losses. As of March 31, 2015 and 2014 we had approximately $3.9 and $7.8 million, respectively, in funds in excess of the federally-insured limits. As of March 31, 2015, 100% of our loans were in Nevada, compared to 29% and 71% of our loans in California, and Nevada at December 31, 2014, respectively. As a result of this geographical concentration of our real estate loans, the continuation of depressed conditions in certain of the local real estate markets in these states has had a material adverse effect on us. As of March 31, 2015 and December 31, 2014, all of our loans were loans in which we participated with other lenders, most of whom are our affiliates. As of March 31, 2015, the aggregate amount of loans to our three largest borrowers represented approximately 96% of our total investment in real estate loans. These real estate loans consisted of two commercial loans secured by property located in Nevada and one construction loan secured by property located in Nevada. All are first lien positions with interest rates between 7.00% and 8.00%, and an aggregate outstanding balance of approximately $3 million. As of March 31, 2015, all three of our largest loans were considered performing. The success of a borrower’s ability to repay its real estate loan obligation in a large lump-sum payment may be dependent upon the borrower’s ability to refinance the obligation or otherwise raise a substantial amount of cash. With the weakened economy, credit continues to be difficult to obtain and as such, many of our borrowers who develop and sell commercial real estate projects have been unable to complete their projects, obtain takeout financing or have been otherwise adversely impacted. In addition, an increase in interest rates over the loan rate applicable at origination of the loan may have an adverse effect on our borrower’s ability to refinance. Common Guarantors As of March 31, 2015 and December 31, 2014, there were two loans, totaling approximately $1.1 million, representing approximately 35.7% and 15.7%, respectively, of our portfolio’s total value, which had a common guarantor. For additional information regarding the above loans, see Note D – Investments In Real Estate Loans.

Financial Instruments And Concentrations Of Credit Risk

3 Months Ended

Mar. 31, 2015

Financial Instruments And Concentrations Of Credit Risk

NOTE C — FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF CREDIT RISK

Financial instruments consist of cash, interest and other receivables, notes receivable, accounts payable and accrued liabilities, due to/from related parties and notes payable. The carrying values of these instruments approximate their fair values due to their short-term nature. Marketable securities and marketable securities – related party and investment in real estate loans are further described in Note J – Fair Value.

Financial instruments with concentration of credit and market risk include cash, interest and other receivables, marketable securities and marketable securities- related party, notes receivable, accounts payable and accrued liabilities, due to/from related parties, notes payable, and loans secured by deeds of trust.

We maintain cash deposit accounts and certificates of deposit which, at times, may exceed federally-insured limits. To date, we have not experienced any losses. As of March 31, 2015 and 2014 we had approximately $3.9 and $7.8 million, respectively, in funds in excess of the federally-insured limits.

As of March 31, 2015, 100% of our loans were in Nevada, compared to 29% and 71% of our loans in California, and Nevada at December 31, 2014, respectively. As a result of this geographical concentration of our real estate loans, the continuation of depressed conditions in certain of the local real estate markets in these states has had a material adverse effect on us.

As of March 31, 2015 and December 31, 2014, all of our loans were loans in which we participated with other lenders, most of whom are our affiliates.

As of March 31, 2015, the aggregate amount of loans to our three largest borrowers represented approximately 96% of our total investment in real estate loans. These real estate loans consisted of two commercial loans secured by property located in Nevada and one construction loan secured by property located in Nevada. All are first lien positions with interest rates between 7.00% and 8.00%, and an aggregate outstanding balance of approximately $3 million. As of March 31, 2015, all three of our largest loans were considered performing.

The success of a borrower’s ability to repay its real estate loan obligation in a large lump-sum payment may be dependent upon the borrower’s ability to refinance the obligation or otherwise raise a substantial amount of cash. With the weakened economy, credit continues to be difficult to obtain and as such, many of our borrowers who develop and sell commercial real estate projects have been unable to complete their projects, obtain takeout financing or have been otherwise adversely impacted. In addition, an increase in interest rates over the loan rate applicable at origination of the loan may have an adverse effect on our borrower’s ability to refinance.

Common Guarantors

As of March 31, 2015 and December 31, 2014, there were two loans, totaling approximately $1.1 million, representing approximately 35.7% and 15.7%, respectively, of our portfolio’s total value, which had a common guarantor.

For additional information regarding the above loans, see Note D – Investments In Real Estate Loans.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details

Vestin Realty Mortgage I, Inc. 10-Q