LOANS HELD FOR INVESTMENT AT FAIR VALUE - Schedule of Loans Held at Fair Value Portfolio (Details) - USD ($) |
1 Months Ended | 6 Months Ended | |
|---|---|---|---|
Oct. 31, 2023 |
Jun. 30, 2025 |
Dec. 31, 2024 |
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| Loans and Leases Receivable Disclosure [Line Items] | |||
| Fair Value | $ 26,847,222 | $ 30,510,804 | |
| Carrying Value | 48,318,884 | 50,241,018 | |
| Outstanding Principal | $ 51,186,315 | $ 53,108,449 | |
| Private Co. A | Multi State | |||
| Loans and Leases Receivable Disclosure [Line Items] | |||
| Base interest rate (in percent) | 13.00% | ||
| PIK interest rate (in percent) | 2.50% | ||
| Additional PIK interest rate (in percent) | 5.00% | ||
| Private Co. A | Multi State | C, D | |||
| Loans and Leases Receivable Disclosure [Line Items] | |||
| Fair Value | $ 26,847,222 | ||
| Carrying Value | 48,318,884 | ||
| Outstanding Principal | $ 51,186,315 | ||
| Interest Rate | 15.50% |
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- Definition Loans Held for Investment at Fair Value, Additional Payment In Kind Interest Rate No definition available.
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- Definition Percentage of base interest rate. No definition available.
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- Definition Percentage of payment in kind interest rate. No definition available.
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- Definition The amount of cost for loans receivable held-for investment. No definition available.
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- Definition The principal amount of the receivable or note before consideration of the discount or premium. No definition available.
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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/2009/role/commonPracticeRef
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- Definition Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Yield on the receivable, on which interest has been imputed, as calculated from its issuance value or purchase price. The calculated effective interest rate considers factors such as the issued face value or price paid for the receivable, the time period between payments, and the time until maturity [full receipt] of the receivable. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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