v3.26.3
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Fair Value $ 84,484,411 $ 0
Mortgage servicing rights investments - at fair value 6,806,924 0
Cash 9,667,739 203,272
Receivables 886,777 66
Deferred financing costs 23,436 68,487
Other assets 3,023,221 0
Due from related parties, net 1,260,660 0
Total assets 106,153,168 271,825
Liabilities:    
Repurchase agreement, net of deferred financing costs of $300,044 (Note 4) 65,342,385 0
Accounts payable and accrued liabilities 790,626 68,675
Deferred tax liabilities, net 314,503 0
Total liabilities 66,447,514 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 40,400,663 199,992
Accumulated (loss) income (696,636) 3,150
Total stockholders’ equity 39,705,654 203,150
Total liabilities and stockholders’ equity 106,153,168 271,825
Common Class E [Member]    
Stockholders’ equity:    
Common stock 990 8
Common Class FA [Member]    
Stockholders’ equity:    
Common stock 637 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