v3.25.2
LOANS HELD FOR INVESTMENT AT CARRYING VALUE - Schedule of Changes in Loans Held at Carrying Value (Details)
6 Months Ended
Jun. 30, 2025
USD ($)
Principal  
Total loans held at carrying value, principal, beginning balance $ 132,556,289
New fundings 121,867,470
Interest drawn on loans 8,103,971
Loan repayments (11,542,613)
PIK interest 10,405
Total loans held at carrying value, principal, ending balance 250,995,522
Original Issue (Discount) Premium  
Total loans held at carrying value, original issue discount, beginning balance (1,822,659)
New fundings (1,451,078)
Accretion of original issue discount and premium, net 615,227
Total loans held at carrying value, original issue discount, ending balance (2,658,510)
Carrying Value  
Total loans held at carrying value, carrying value, beginning balance 130,733,630
New fundings 120,416,392
Interest drawn on loans 8,103,971
Accretion of original issue discount and premium, net 615,227
Loan repayments (11,542,613)
PIK interest 10,405
Total loans held at carrying value, carrying value, ending balance $ 248,337,012