LOANS HELD FOR INVESTMENT AT CARRYING VALUE - Schedule of Loans Held at Carrying Value (Details) - USD ($) |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 31, 2025 |
Dec. 31, 2024 |
|
Loans and Leases Receivable Disclosure [Line Items] | ||
Outstanding Principal | $ 233,380,706 | $ 132,556,289 |
Original Issue Discount | (2,886,515) | (1,822,659) |
Carrying value | $ 230,494,191 | $ 130,733,630 |
Weighted Average Remaining Life (Years) | 2 years 6 months | 2 years 7 months 6 days |
Senior mortgage loans | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Outstanding Principal | $ 202,709,486 | $ 109,300,553 |
Original Issue Discount | (2,647,593) | (1,495,512) |
Carrying value | $ 200,061,893 | $ 107,805,041 |
Weighted Average Remaining Life (Years) | 2 years 6 months | 2 years 7 months 6 days |
Subordinate debt | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Outstanding Principal | $ 30,671,220 | $ 23,255,736 |
Original Issue Discount | (238,922) | (327,147) |
Carrying value | $ 30,432,298 | $ 22,928,589 |
Weighted Average Remaining Life (Years) | 2 years 4 months 24 days | 2 years 4 months 24 days |