Investment in Debt Securities, at Fair Value (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Investments [Abstract]

Summary of Additional Information for Company's Investment in Debt Securities

The following table provides additional information for the Company's investment in debt securities as of December 31, 2023:

December 31, 2023
Type of Security	Weighted Average Coupon			Weighted Average Maturity Date	Face Amount		Cost Basis		Fair Value
Class D BMO 2023-5C1 CMBS		4	%	8/15/2028	$	7,500,000	$	5,201,725	$	5,425,781
Class D BMO 2023-5C2 CMBS		5	%	11/15/2028	$	5,060,000	$	3,563,352	$	3,793,419
Total debt securities					$	12,560,000	$	8,765,077	$	9,219,200

Summary of Interest Income, Unrealized Loss from Changes in Fair Value and Realized Gain from Dispositions Recognized for the Company's Investment in Debt Securities at Fair Value

The following table details the interest income, unrealized loss from changes in fair value and realized gain from dispositions recognized for the Company's investment in debt securities at fair value:

	For the Three Months Ended June 30,			For the Six Months Ended June 30,
	2024			2024
Interest income	$	30,000		$	159,817
Unrealized loss		(1,027,963	)		(454,124	)
Realized gain		923,276			1,634,921
Net gain (loss) from investment in debt securities	$	(74,687	)	$	1,340,614