v3.26.1
Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Summary of Fair Value of Derivative Financial Instrument

The table below presents the fair value of the Company’s derivative financial instrument as well as its classification on the consolidated balance sheet as of December 31, 2025 and December 31, 2024:

 

Balance Sheet Location

December 31, 2025

 

 

December 31, 2024

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

Interest rate “pay-fixed” swap

Derivative assets, at fair value

$

5,720,505

 

 

$

8,472,572

 

Derivative Designated As Hedging Instrument [Member]  
Summary of Interest Rate Derivatives

As of December 31, 2025 the Company had the following derivatives that were designated as cash flow hedges of interest rate risk:

 

 

December 31, 2025

 

Interest Rate Derivative

 

Number of Instruments

 

Notional Amount

 

Interest Rate Swaps

 

1

 

 

55,200,000

 

 

Derivative Not Designated As Hedging Instrument [Member]  
Summary of Interest Rate Derivatives

The following table details the Company’s interest rate derivative not designated as a hedge:

 

 

December 31, 2025

 

Interest Rate Derivative

 

Number of Instruments

 

 

Notional Amount

 

Interest Rate Cap

 

 

1

 

 

$

31,277,000