CREDIT FACILITY (Tables) - Senior Secured Revolving Credit Agreement

3 Months Ended

Mar. 31, 2023

CREDIT FACILITY

Schedule of credit facility net of prepaid loan structure fees

	March 31, 2023		December 31, 2022
Credit Facility payable	$	198,277,831	$	199,200,425
Prepaid loan structure fees		(1,371,322)		(1,515,144)
Credit Facility payable, net of prepaid loan structure fees	$	196,906,509	$	197,685,281

Schedule of interest expense and amortized loan fees

	For the three months ended
	March 31, 2023			March 31, 2022
Interest expense	$	3,695,476		$	1,417,734
Loan fee amortization		143,822			132,539
Total interest and financing expenses	$	3,839,298		$	1,550,273
Weighted average interest rate		7.3	%		2.8	%
Effective interest rate (including fee amortization)		7.6	%		3.3	%
Average debt outstanding	$	204,426,259		$	193,350,960
Cash paid for interest and unused fees	$	3,633,518		$	1,373,438