Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Unfunded Commitments on Existing Loans

As of December 31, 2023 and 2022, the Company had the following unfunded commitments on existing loans.

	As of December 31, 2023			As of December 31, 2022
Total original loan commitments	$	378,849,998		$	351,367,706
Less: drawn commitments	$	(371,349,998	)	$	(336,323,706	)
Total undrawn commitments	$	7,500,000		$	15,044,000

Schedule of Material Commitments

The following table summarizes our material commitments as of December 31, 2023:

	Total		2024		2025		2026		2027		2028		Thereafter
Undrawn commitments	$	7,500,000	$	-	$	-	$	7,500,000	$	-	$	-	$	-
Revolving loan (1)		66,000,000		66,000,000		-		-		-		-		-
Total	$	73,500,000	$	66,000,000	$	-	$	7,500,000	$	-	$	-	$	-

(1) Subsequent to December 31, 2023, the Company extended the contractual maturity date of the Revolving Loan to June 30, 2026 (Note 14).