Off-balance sheet commitments consist of unfunded commitments on delayed draw term loans. The Company does not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured investment vehicles, special purpose entities or variable interest entities, established to facilitate off-balance sheet arrangements or other contractually narrow or limited purposes. Further, the Company has not guaranteed any obligations of unconsolidated entities or entered into any commitment to provide additional funding to any such entities. As of December 31, 2025 and 2024, the Company had the following unfunded commitments on existing loans.

Refer to “Note 3 – Loans Held for Investment, Net” for further information regarding the CECL Reserve attributed to unfunded commitments. Total original loan commitments include the impact of principal payments received since origination of the loan and future amounts to be advanced at sole discretion of the lender. Loan commitments include loans held for investment and loans held at fair value as of December 31, 2024.

The following table summarizes our material commitments by year as of December 31, 2025:


	Total		2026		2027		2028		2029		2030		Thereafter
Undrawn commitments	$	31,116,960	$	18,761,667	$	2,355,293	$	10,000,000	$	-	$	-	$	-
Total	$	31,116,960	$	18,761,667	$	2,355,293	$	10,000,000	$	-	$	-	$	-

The Company from time to time may be a party to litigation in the normal course of business. As of December 31, 2025, the Company is not aware of any legal claims that could materially impact its business, financial condition or results of operations.