v3.26.1
Consolidated Statement of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Interest Income, net:    
Interest income $ 788,828 $ 1,014,388
Interest expense 565,075 726,771
Net Interest Income 223,753 287,617
Other Income, net:    
Unrealized gain on residential mortgage loans, mortgage servicing rights investments and derivatives, net 698,452 636,794
Income from mortgage servicing rights investments 317,600 558,160
Realized gain on residential mortgage loans 26,383 26,383
Other Income, net 1,042,435 1,221,337
Operating Expenses:    
Professional services 223,024 770,318
Investment expenses 142,113 284,370
Director fees and expenses 49,250 175,245
General and administrative 46,605 83,762
Custodian fees 6,635 14,872
Total return incentive fees 8,216 9,008
Organization expense 5,298 7,134
Base management fees 5,518 6,966
Other expenses 1,908 5,478
Operating Expenses 488,567 1,357,153
Expense support 163,079 1,055,318
Net Expenses 325,488 301,835
Income Before Income Tax Expense 940,700 1,207,119
Income tax expense 683 683
Net Income $ 940,017 $ 1,206,436
Common Class E [Member]    
Earnings per common share    
Earnings per common share (in dollars per share) $ 0.9 $ 1.39
Weighted average number of shares of common stock outstanding (basic and diluted)    
Weighted average number of shares outstanding (in shares) 966,038 817,833
Common Class FA [Member]    
Earnings per common share    
Earnings per common share (in dollars per share) $ 1.21 $ 2.13
Weighted average number of shares of common stock outstanding (basic and diluted)    
Weighted average number of shares outstanding (in shares) 54,753 33,901