v3.26.3
Consolidated Statement of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income $ 1,366,462 $ 1,795 $ 2,380,850 $ 1,795
Interest expense 918,281 0 1,645,052 0
Net Interest Income 448,181 1,795 735,798 1,795
Other (Loss) Income, net:        
Unrealized loss on residential mortgage loans, mortgage servicing rights investments and derivatives, net (744,177) 0 (107,383) 0
Income from mortgage servicing rights investments 319,254 0 877,414 0
Realized gain on residential mortgage loans and derivatives 22,000 0 48,383 0
Other (Loss) Income, net (402,923) 0 818,414 0
Operating Expenses:        
Professional services 240,767 0 1,011,085 0
Investment expenses 189,797 0 474,167 0
Director fees and expenses 49,250 0 224,495 0
General and administrative 75,499 0 159,261 0
Base management fees 24,962 0 31,928 0
Custodian fees 5,344 0 20,216 0
Total return incentive fees (credit) (9,008) 0 0 0
Organization expense (credit) 7,134 0 0 0
Other expenses 3,553 50 9,031 50
Operating Expenses 573,030 50 1,930,183 50
Expense support 383,399 0 1,438,717 0
Net Expenses 189,631 50 491,466 50
(Loss) Income Before Income Tax Expense (144,373) 1,745 1,062,746 1,745
Income tax expense 314,503 0 315,186 0
Net (Loss) Income $ (458,876) $ 1,745 $ 747,560 $ 1,745
Common Class E [Member]        
(Loss) Earnings per common share        
Earnings per common share (in dollars per share) $ (0.2) $ 0.22 $ 1.08 $ 0.22
Weighted average number of shares of common stock outstanding (basic and diluted)        
Weighted average number of shares outstanding (in shares) 976,719 8,000 871,377 8,000
Common Class FA [Member]        
(Loss) Earnings per common share        
Earnings per common share (in dollars per share) $ (1.08) $ 0 $ (1.84) $ 0
Weighted average number of shares of common stock outstanding (basic and diluted)        
Weighted average number of shares outstanding (in shares) 247,210 0 105,785 0