v3.25.2
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Interest Income (Expense), Operating [Abstract]    
Interest income $ 2,198 $ 2,198
Less: interest expense (1,044) (1,044)
Net interest income 1,154 1,154
Fee and other income 799 799
Total income 1,953 1,953
Financing fees 387 387
Administrative fees 1,520 1,520
Organizational costs 1,053 1,053
Accounting fees 387 387
General and administrative expenses 544 544
Management & performance fees - related party 87 87
Total expenses 3,978 3,978
Unrealized gain on real estate securities, at fair value 135 135
Net Loss $ (1,890) $ (1,890)
Earnings Per Share [Abstract]    
Net loss per common shares, basic (in dollars per share) $ (0.78) $ (0.78)
Net loss per common share, diluted (in dollars per share) $ (0.78) $ (0.78)
Weighted average common stock outstanding, basic (in shares) 2,412,678 2,412,678
Weighted average common stock outstanding, diluted (in shares) 2,412,678 2,412,678