Loans Held for Investment - Loan Risk Rating (Details) |
6 Months Ended | 12 Months Ended |
|---|---|---|
|
Jun. 30, 2025
USD ($)
loan
|
Dec. 31, 2024
USD ($)
loan
|
|
| Loans and Financing Receivable | ||
| Number of Loans | loan | 9 | 13 |
| Amortized Cost | $ 247,886,844 | $ 320,790,600 |
| Allowance for credit losses | (49,716,767) | (46,141,455) |
| Carrying Value | $ 198,170,077 | $ 274,649,145 |
| % of Total | 100.00% | 100.00% |
| 2025 | $ 0 | $ 30,812,857 |
| 2024 | 31,344,987 | 27,121,997 |
| 2023 | 35,829,331 | 76,539,051 |
| 2022 | 67,743,553 | 58,945,052 |
| 2021 | 0 | 28,674,651 |
| Prior | $ 112,968,973 | $ 98,696,992 |
| Number of defaulted loans | loan | 3 | |
| Allowance on Non-Performing Loans | ||
| Loans and Financing Receivable | ||
| Allowance for credit losses | $ 0 | |
| Non-performing | ||
| Loans and Financing Receivable | ||
| Number of Loans | loan | 5 | 4 |
| Amortized Cost | $ 150,444,106 | $ 128,612,255 |
| % of Total | 60.70% | 40.10% |
| 2025 | $ 0 | $ 0 |
| 2024 | 0 | 0 |
| 2023 | 0 | 24,045,000 |
| 2022 | 44,475,133 | 28,910,000 |
| 2021 | 0 | 0 |
| Prior | 105,968,973 | $ 75,657,255 |
| Non-performing | Allowance on Non-Performing Loans | ||
| Loans and Financing Receivable | ||
| Amortized Cost | $ 74,600,000 | |
| 1 | ||
| Loans and Financing Receivable | ||
| Number of Loans | loan | 0 | 0 |
| Amortized Cost | $ 0 | $ 0 |
| % of Total | 0.00% | 0.00% |
| 2025 | $ 0 | $ 0 |
| 2024 | 0 | 0 |
| 2023 | 0 | 0 |
| 2022 | 0 | 0 |
| 2021 | 0 | 0 |
| Prior | $ 0 | $ 0 |
| 2 | ||
| Loans and Financing Receivable | ||
| Number of Loans | loan | 1 | 1 |
| Amortized Cost | $ 7,000,000 | $ 7,000,000 |
| % of Total | 2.80% | 2.20% |
| 2025 | $ 0 | $ 0 |
| 2024 | 0 | 0 |
| 2023 | 0 | 0 |
| 2022 | 0 | 0 |
| 2021 | 0 | 0 |
| Prior | $ 7,000,000 | $ 7,000,000 |
| 3 | ||
| Loans and Financing Receivable | ||
| Number of Loans | loan | 2 | 5 |
| Amortized Cost | $ 67,174,318 | $ 104,009,643 |
| % of Total | 27.10% | 32.40% |
| 2025 | $ 0 | $ 30,812,857 |
| 2024 | 31,344,987 | 27,121,997 |
| 2023 | 35,829,331 | 0 |
| 2022 | 0 | 30,035,052 |
| 2021 | 0 | 0 |
| Prior | $ 0 | $ 16,039,737 |
| 4 | ||
| Loans and Financing Receivable | ||
| Number of Loans | loan | 1 | 3 |
| Amortized Cost | $ 23,268,420 | $ 81,168,702 |
| % of Total | 9.40% | 25.30% |
| 2025 | $ 0 | $ 0 |
| 2024 | 0 | 0 |
| 2023 | 0 | 52,494,051 |
| 2022 | 23,268,420 | 0 |
| 2021 | 0 | 28,674,651 |
| Prior | $ 0 | $ 0 |
| 5 | ||
| Loans and Financing Receivable | ||
| Number of Loans | loan | 0 | 0 |
| Amortized Cost | $ 0 | $ 0 |
| % of Total | 0.00% | 0.00% |
| 2025 | $ 0 | $ 0 |
| 2024 | 0 | 0 |
| 2023 | 0 | 0 |
| 2022 | 0 | 0 |
| 2021 | 0 | 0 |
| Prior | $ 0 | $ 0 |