XML 53 R41.htm IDEA: XBRL DOCUMENT v3.25.2
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period [1]     $ 11,320,220  
Allowance for credit losses at end of period [1] $ 14,252,268   14,252,268  
Unfunded Loan Commitment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period     57,554  
Allowance for credit losses at end of period 7,551   7,551  
Commercial Loans Held-For-Investment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period 17,060,194 $ 7,816,462 11,320,220 $ 6,059,006
(Release of) Provision for credit losses 102,459 1,376,712 5,842,433 3,134,168
Charge offs 2,910,385 0 2,910,385 0
Allowance for credit losses at end of period 14,252,268 9,193,174 14,252,268 9,193,174
Commercial Loans Held-For-Investment | Unfunded Loan Commitment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period 15,241 63,064 57,554 43,647
(Release of) Provision for credit losses (7,691) 22,991 (50,004) 42,408
Allowance for credit losses at end of period $ 7,550 $ 86,055 $ 7,550 $ 86,055
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of June 30, 2025 and December 31, 2024, assets of consolidated VIEs totaled $934,090,475 and $1,058,138,406, respectively and the liabilities of consolidated VIEs totaled $712,768,638 and $831,001,605 respectively. See Note 4 for further discussion.