v3.25.4
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Components of due to affiliates

The following table details the components of due to affiliates:

 

 

December 31, 2025

 

 

December 31, 2024

 

Accrued shareholder servicing fees

 

$

43,118

 

 

$

32,500

 

Advanced operating expenses

 

 

4,371

 

 

 

4,257

 

Advanced organization and offering expenses

 

 

1,966

 

 

 

2,158

 

Due to affiliates

 

$

49,455

 

 

$

38,915

 
Summary of Expenses Advanced by the Adviser and Reimbursements

The table below summarizes expenses advanced by the Adviser and reimbursements made by the Company as of December 31, 2025 and 2024:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Expense Type

 

Amount Advanced

 

 

Amount Reimbursed

 

 

Remaining Balance

 

 

Amount Advanced

 

 

Amount Reimbursed

 

 

Remaining Balance

 

Operating

 

$

5,147

 

 

$

776

 

 

$

4,371

 

 

$

4,257

 

 

$

—

 

 

$

4,257

 

Organization and offering

 

 

2,315

 

 

 

349

 

 

 

1,966

 

 

 

2,158

 

 

 

—

 

 

 

2,158

 

Total:

 

$

7,462

 

 

$

1,125

 

 

$

6,337

 

 

$

6,415

 

 

$

—

 

 

$

6,415