v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Fair Value $ 44,917,370 $ 0
Mortgage servicing rights investments - at fair value 9,177,251 0
Cash 8,283,311 203,272
Receivables 867,602 66
Deferred financing costs 46,402 68,487
Prepaids and other assets 679,421 0
Due from related parties 1,109,163 0
Total assets 65,080,520 271,825
Liabilities:    
Repurchase agreement, net of deferred financing costs of $356,856 (Note 4) 37,386,903 0
Accounts payable and accrued liabilities 185,029 68,675
Total liabilities 37,571,932 68,675
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 100,000,000 shares authorized and unissued 0 0
Additional paid-in capital, in excess of par 27,135,569 199,992
Retained earnings 371,932 3,150
Total stockholders’ equity 27,508,588 203,150
Total liabilities and stockholders’ equity 65,080,520 271,825
Common Class E [Member]    
Stockholders’ equity:    
Common stock 966 8
Common Class FA [Member]    
Stockholders’ equity:    
Common stock 121 0
Common Class A [Member]    
Stockholders’ equity:    
Common stock 0 0
Common Class T [Member]    
Stockholders’ equity:    
Common stock 0 0
Common Class D [Member]    
Stockholders’ equity:    
Common stock 0 0
Common Class I [Member]    
Stockholders’ equity:    
Common stock $ 0 $ 0