| Schedule of related party transactions |
| | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | Six Months Ended June 30, | | | | | | 2025 | | 2024 | | | | 2025 | | 2024 | | Fees | | Entity | | Incurred | | Incurred | | Entity | | Incurred | | Incurred | | Offering Costs | | SCD | | $ | 351,007 | | $ | 914,832 | | SCD | | $ | 1,456,946 | | $ | 1,403,252 | | Selling commissions, dealer manager, and stockholder servicing fees | | SCD | | | (2,618) | | | 51,571 | | SCD | | | 17,791 | | | 237,743 | | Asset management fees | | SWIFA | | | 365,855 | | | 386,443 | | SWIFA | | | 733,342 | | | 740,901 | | Operating expense reimbursement | | SWIFA | | | 270,324 | | | 1,083,269 | | SWIFA | | | 270,324 | | | 1,913,965 | | Total | | | | $ | 984,568 | | $ | 2,436,115 | | | | $ | 2,478,403 | | $ | 4,295,861 | |
| | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Fees | | Entity | | Payable | | Payable | | Offering Costs | | SCD | | $ | 148,930 | | $ | 142,606 | | Selling commissions, dealer manager, and stockholder servicing fees | | SCD | | | — | | | — | | Asset management fees | | SWIFA | | | 1,252,252 | | | 518,910 | | Operating expense reimbursement and other payables | | SWIFA | | | 312,061 | | | 43,000 | | | | | | | | | | | | Total | | | | $ | 1,713,243 | | $ | 704,516 | |
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