v3.25.2
MORTGAGE NOTES PAYABLE (Details Narrative) - USD ($)
1 Months Ended
Mar. 28, 2025
Jan. 21, 2025
Apr. 29, 2024
Jul. 31, 2023
Jul. 31, 2019
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2013
Short-Term Debt [Line Items]                      
Debt instrument, interest rate, stated percentage           0.50%       0.50% 5.275%
Debt instrument,maturity date       Jul. 31, 2025              
Outstanding mortgage loan               $ 75,789,000 $ 76,962,000    
Mezz Lender [Member]                      
Short-Term Debt [Line Items]                      
Forbearance fee   $ 245,000                  
Loan advanced payment   1,170,000                  
Loan waiver amount   $ 1,416,000                  
New Mezzanine Loan [Member]                      
Short-Term Debt [Line Items]                      
Debt instrument,maturity date         Jan. 01, 2024            
Mortgage Loan Forbearance Agreement [Member]                      
Short-Term Debt [Line Items]                      
Percentage of principal paydown     10.00%                
Principal paydown     $ 8,590,000                
Default interest rate     4.00%                
Percenatge of forbearance fee     1.00%                
Forbearance fee     $ 859,000                
Mezzanine Loan Forbearance Agreement [Member]                      
Short-Term Debt [Line Items]                      
Default interest rate     4.00%                
Percenatge of forbearance fee     1.00%                
Forbearance fee     $ 245,000                
Loan advanced payment     $ 4,500,000                
Mortgage Loan Agreement [Member]                      
Short-Term Debt [Line Items]                      
Debt instrument, face amount $ 67,000,000                    
Debt instrument covenant description The loan bears interest at SOFR + 4.75%, with a SOFR cap of 4.50%, and is interest-only through maturity. Matures April 9, 2027, with three one-year extension options, subject to satisfaction of financial and operational covenants.                    
Mezzanine Loan Agreement [Member]                      
Short-Term Debt [Line Items]                      
Debt instrument, interest rate, stated percentage 7.25%                    
Debt instrument, face amount $ 36,300,000                    
Related Party [Member]                      
Short-Term Debt [Line Items]                      
Accounts payable to related party           $ 16,634,000     $ 11,515,000    
Prior Mortgage [Member] | Related Party [Member]                      
Short-Term Debt [Line Items]                      
Accounts payable to related party                     $ 42,940,000
New Mezzanine Loan [Member]                      
Short-Term Debt [Line Items]                      
Debt instrument, interest rate, stated percentage         7.25%            
New Mezzanine Loan [Member] | Cred Reit Holdco LLC [Member]                      
Short-Term Debt [Line Items]                      
Debt instrument, interest rate, stated percentage         9.75%            
Debt instrument, face amount         $ 20,000,000            
Mortgage Loan [Member] | Interest Rate Cap Agreement [Member]                      
Short-Term Debt [Line Items]                      
Debt instrument, interest rate, stated percentage           4.50% 4.50%        
Debt premium paid           $ 136,000 $ 136,000        
Mortgage Loans [Member]                      
Short-Term Debt [Line Items]                      
Investment in mortgage loans                     97,000,000
Mezzanine Loan [Member]                      
Short-Term Debt [Line Items]                      
Investment in mortgage loans                     $ 20,000,000