Loans Held for Investment - Property Type (Details) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Loans and Financing Receivable | ||
| Principal Balance | $ 245,498,189 | $ 317,255,023 |
| Carrying Value | $ 198,170,077 | $ 274,649,145 |
| % of Total | 100.00% | 100.00% |
| Office | ||
| Loans and Financing Receivable | ||
| Principal Balance | $ 101,121,778 | $ 116,539,650 |
| Carrying Value | $ 52,716,178 | $ 72,991,791 |
| % of Total | 26.60% | 26.60% |
| Multifamily | ||
| Loans and Financing Receivable | ||
| Principal Balance | $ 71,141,165 | $ 60,969,051 |
| Carrying Value | $ 70,881,300 | $ 60,662,514 |
| % of Total | 35.80% | 22.10% |
| Infill land | ||
| Loans and Financing Receivable | ||
| Principal Balance | $ 46,010,506 | $ 56,307,815 |
| Carrying Value | $ 47,167,661 | $ 57,050,952 |
| % of Total | 23.80% | 20.80% |
| Mixed-use | ||
| Loans and Financing Receivable | ||
| Principal Balance | $ 20,224,740 | $ 48,438,507 |
| Carrying Value | $ 20,423,739 | $ 48,067,655 |
| % of Total | 10.30% | 17.50% |
| Industrial | ||
| Loans and Financing Receivable | ||
| Principal Balance | $ 7,000,000 | $ 7,000,000 |
| Carrying Value | $ 6,981,199 | $ 6,966,233 |
| % of Total | 3.50% | 2.50% |
| Student housing | ||
| Loans and Financing Receivable | ||
| Principal Balance | $ 0 | $ 28,000,000 |
| Carrying Value | $ 0 | $ 28,910,000 |
| % of Total | 0.00% | 10.50% |