Related Party Transactions

3 Months Ended

Mar. 31, 2026

Related Party Transactions [Abstract]

Related Party Transactions

Note 10 – Related Party Transactions

David Sobelman - Chief Executive Officer

Guaranty Fees. During the three months ended March 31, 2026, the Company incurred guaranty fee expense of $61,864 payable to the Company's Chief Executive Officer, recorded to interest expense. As of March 31, 2026, $557,501 of guaranty fees remained payable, included in accrued expenses - related party on the consolidated balance sheet.

QCCR Investments, LLC - Board of Director Affiliate

On February 12, 2026, GIPVA 2510 Walmer Ave., LLC, an indirect subsidiary of the Company, entered into a $125,000 promissory note with QCCR Investments, LLC, an affiliate of a member of the Company's board of directors, bearing interest at 12% per annum and including a 3% origination fee. The note matures nine months from issuance or earlier upon the sale of the underlying real estate asset located at 2510 Walmer Ave., Norfolk, Virginia. As of March 31, 2026, the outstanding principal balance of $125,000 remains payable.