Borrowings (Details) - Schedule of Interest Expense - USD ($) |
3 Months Ended | |
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Mar. 31, 2025 |
Mar. 31, 2024 |
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Schedule of Interest Expense [Line Items] | ||
Amortization of debt issuance costs | $ 424,712 | $ 289,630 |
Bank Of America Credit Facility Member | ||
Schedule of Interest Expense [Line Items] | ||
Interest expense | 5,288,279 | 10,106,950 |
Amortization of debt issuance costs | 267,673 | 165,600 |
Total interest expense | $ 5,555,952 | $ 10,272,550 |
Average interest rate | 5.73% | 6.74% |
WFCredit Facility Member | ||
Schedule of Interest Expense [Line Items] | ||
Interest expense | $ 2,699,915 | $ 2,782,250 |
Amortization of debt issuance costs | 122,667 | 124,030 |
Total interest expense | $ 2,822,582 | $ 2,906,280 |
Average interest rate | 6.84% | 7.82% |
Interest Expense [Member] | ||
Schedule of Interest Expense [Line Items] | ||
Interest expense | $ 4,556,850 | $ 0 |
Amortization of debt issuance costs | 34,373 | 0 |
Total interest expense | $ 4,591,223 | $ 0 |
Average interest rate | 6.08% | 0.00% |
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- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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