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 $ 301,755,791
New fundings 29,978,647
Loan repayments (13,608,683)
PIK interest 266,550
Loan amortization payments (9,986,554)
Total loans held at carrying value, principal, ending balance 308,405,751
Original Issue Discount  
Total loans held at carrying value, original issue discount, beginning balance (8,493,417)
New fundings (795,000)
Accretion of original issue discount 1,828,874
Total loans held at carrying value, original issue discount, ending balance (7,459,543)
Carrying Value  
Total loans held at carrying value, carrying value, beginning balance 293,262,374
New fundings 29,183,647
Accretion of original issue discount 1,828,874
Loan repayments (13,608,683)
PIK interest 266,550
Loan amortization payments (9,986,554)
Total loans held at carrying value, carrying value, ending balance $ 300,946,208