v3.25.2
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS - Cost incurred and payable (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS          
Cost incurred $ 984,568 $ 2,436,115 $ 2,478,403 $ 4,295,861  
Fees payable 1,713,243   1,713,243   $ 704,516
Related party | Offering Costs | SCD          
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS          
Cost incurred 351,007 914,832 1,456,946 1,403,252  
Fees payable 148,930   148,930   142,606
Related party | Selling commissions, dealer manager, and stockholder servicing fees | SCD          
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS          
Cost incurred (2,618) 51,571 17,791 237,743  
Related party | Asset management fees | SWIFA          
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS          
Cost incurred 365,855 386,443 733,342 740,901  
Fees payable 1,252,252   1,252,252   518,910
Related party | Operating expense reimbursement | SWIFA          
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS          
Cost incurred 270,324 $ 1,083,269 270,324 $ 1,913,965  
Fees payable $ 312,061   $ 312,061   $ 43,000