v3.26.3
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2024 0      
Balance at Dec. 31, 2024 $ 0 $ 0 $ 0 $ 0
Net income $ 0 0 1,745 1,745
Private offering, shares (in shares) 8,000      
Private offering, gross $ 8 199,992 0 200,000
Balance (in shares) at Sep. 30, 2025 8,000      
Balance at Sep. 30, 2025 $ 8 199,992 1,745 201,745
Balance (in shares) at Jun. 30, 2025 8,000      
Balance at Jun. 30, 2025 $ 8 199,992 0 200,000
Net income $ 0 0 1,745 1,745
Balance (in shares) at Sep. 30, 2025 8,000      
Balance at Sep. 30, 2025 $ 8 199,992 1,745 201,745
Balance (in shares) at Dec. 31, 2025 8,000      
Balance at Dec. 31, 2025 $ 8 199,992 3,150 203,150
Net income $ 0 0 747,560 747,560
Private offering, shares (in shares) 1,615,314      
Private offering, gross $ 1,615 40,113,085 0 40,114,700
Distributions declared [1] $ 0 0 (1,447,346) (1,447,346)
Distribution reinvestment, shares (in shares) 3,574      
Distribution reinvestment, net $ 4 87,586 0 87,590
Balance (in shares) at Sep. 30, 2026 1,626,888      
Balance at Sep. 30, 2026 $ 1,627 40,400,663 (696,636) 39,705,654
Balance (in shares) at Jun. 30, 2026 1,087,106      
Balance at Jun. 30, 2026 $ 1,087 27,135,569 371,932 27,508,588
Net income $ 0 0 (458,876) (458,876)
Private offering, shares (in shares) 536,604      
Private offering, gross $ 536 13,154,714 0 13,155,250
Distributions declared [1] $ 0 0 (609,692) (609,692)
Distribution reinvestment, shares (in shares) 3,178      
Distribution reinvestment, net $ 4 77,711 0 77,715
Offering costs $ 0 32,669 0 32,669
Balance (in shares) at Sep. 30, 2026 1,626,888      
Balance at Sep. 30, 2026 $ 1,627 $ 40,400,663 $ (696,636) $ 39,705,654
[1] Distributions declared for the nine months ended September 30, 2026 at $0.166667 per share of Class E common stock (the “Class E shares”) and Class FA common stock (the “Class FA shares”) on February 25, 2026, March 26, 2026, April 27, 2026, May 26, 2026, June 26, 2026, July 27, 2026, August 26, 2026 and September 25, 2026.