v3.26.1
FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Book Value and Fair Value of the Financial Instruments
The following table details the carrying value and fair value of the Company’s financial instruments not recognized at fair value in the unaudited interim balance sheets as of June 30, 2026:
As of June 30, 2026
Carrying ValueFair Value
Financial assets:
Cash and cash equivalents$5,593,575 $5,593,575 
Loans held for investment, net$296,753,498 $296,694,357 
Investment in unconsolidated real estate joint venture$25,925,934 $25,935,000