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DERIVATIVE INSTRUMENTS
 6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS
The Fund used derivative instruments to manage its exposure to changes in interest rates on expected borrowings under its debt facility, as the Fund originates fixed rate loans.

Interest Rate Collar

On April 6, 2020, the Fund entered into an interest rate collar instrument with MUFG Union Bank, N.A., which terminated on September 11, 2020. On September 11, 2020, the Fund entered into another interest rate collar instrument with a termination date of January 11, 2023. On June 3, 2022, Management elected to terminate the interest rate collar contract.
The following table shows the effect of the Fund’s derivative instruments on the Fund’s Condensed Statements of Operations:
For the Three Months Ended   For the Six Months Ended
Derivative InstrumentsCondensed Statements of Operations CaptionJune 30, 2023June 30, 2022June 30, 2023June 30, 2022
Interest rate collarNet change in unrealized gain (loss) from derivative instruments$— $(62,583)$— $4,733 
Net realized gain from derivative instruments$— $71,500 $— $64,393