v3.26.1
REAL ESTATE OWNED - Schedule of REO Assets (Details) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Real estate owned, held-for-investment    
Less: Accumulated depreciation $ (1,001,428) $ (347,150)
Total [1] 50,724,969 26,839,010
Real estate owned, held-for-sale    
Real estate owned, held-for-sale [1] 10,877,081 24,099,072
Land    
Real estate owned, held-for-investment    
Real estate owned, held-for-investment 5,928,515 4,278,272
Building    
Real estate owned, held-for-investment    
Real estate owned, held-for-investment $ 45,797,882 $ 22,907,888
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of June 30, 2026 and December 31, 2025, assets of consolidated VIEs totaled $662,520,376 and $889,507,091, respectively, and the liabilities of consolidated VIEs totaled $581,587,437 and $750,274,556, respectively. See Note 4 for further discussion.