11) The Company pays “guarantee” credit enhancement fees to UDF III, as specified under the terms of the UDF Guarantee agreement. During the three months ended September 30, 2015 and September 30, 2014, the Company made payments of approximately $8,000 and $26,000, respectively, and during the nine months ended September 30, 2015, and September 30, 2014, the Company paid credit enhancement fees of approximately $54,000 and $48,000, respectively. In the three months ended September 30, 2015 and September 30, 2014 the credit enhancement expenses were approximately $14,000 and $18,000, respectively, and in the nine months ended September 30, 2015 and September 30, 2014, the credit enhancement expenses were approximately $55,000 and $53,000, respectively. 12) UDF IV, a related party, is reimbursed for its degree of invested “participatory” interest in the Company’s construction loans. The Company made payments of such participation interest, as a net amount against the construction loan interest, in the three months ended September 30, 2015 and September 30, 2014 of approximately $426,000 and $540,000, respectively, and in the nine months ended September 30, 2015 and September 30, 2014, in the amounts of approximately $1,547,000 and $2,420,000, respectively The Company pays “guarantee” credit enhancement fees to UDF IV, as specified under the terms of the UDF Guarantee agreement. During the three months ended September 30, 2015 and September 30, 2014, the Company made payments of approximately $4,000 and $9,000 and during the nine months ended September 30, 2015, and September 30, 2014, respectively, the Company paid credit enhancement fees of approximately $29,000 and $24,000, respectively. In the three months ended September 30, 2015 and September 30, 2014 the credit enhancement expenses were approximately $9,000 and $12,000, respectively, and in the nine months ended September 30, 2015 and September 30, 2014, the credit enhancement expenses were approximately $35,000 and $24,000, respectively. 13) The Company pays UMTHLD administrative and origination fees for the Construction Loans in which UDF affiliates take an invested interest in. The fees are withheld from construction draws funded to the borrower and are in turn paid directly to UMTHLD. In the three months ended September 30, 2015 and September 30, 2014, administrative and origination fees paid were approximately $2,000 and $26,000, respectively, and in the nine months ended September 30, 2015 and September 30, 2014, administrative and origination fees were approximately $75,000 and $185,000, respectively.