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Loans Held For Investment, Net (Details) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Apr. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Loans Held For Investment, Net (Details) [Line Items]      
Loan commitment [1]   $ 401,257,040  
Outstanding principal [2],[3]   375,844,314 $ 353,640,610
New funding in loan principal   $ 22,400,000  
Floating rate loans percentage   76.60% 80.50%
Loan carrying value   $ 287,700,000 $ 284,500,000
Portfolio fixed rate   23.40% 19.50%
Fixed rate loans   $ 88,100,000 $ 69,100,000
Loans   1 2
Interest receivable   $ 926,852 1,004,140
Maximum [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Floating rate loans percentage   65.70%  
Minimum [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Floating rate loans percentage   34.30%  
Prime Rate [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   3.25%  
Prime Rate One [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   4.00%  
Prime Rate Two [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   4.75%  
Prime Rate Three [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   5.50%  
Prime Rate Four [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   6.25%  
Prime Rate Five [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   7.00%  
Prime Rate Six [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   7.50%  
Prime Rate Seven [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   8.00%  
Prime Rate Eight [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   8.25%  
Prime Rate Nine [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   8.50%  
Prime Rate Ten [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan prime rate   5.85%  
Subsequent Event [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan commitment $ 6,000,000    
Maturity Date May 31, 2024    
Outstanding Principal [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan commitment   $ 401,300,000 378,800,000
Outstanding principal   377.6 351.4
Outstanding principal   16,500,000 16,400,000
Non-Accrual Loans [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Credit losses   1,300,000  
Loan Three [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan commitment   $ 15,900,000  
Loan Three [Member] | Maximum [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Commitment interest rate   13.625%  
Loan Nine [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Reserve for current expected credit losses   $ 1,300,000 1,500,000
Loans Six [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Maturity Date   Apr. 15, 2024  
Loan Three - Second Commitment [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan commitment   $ 4,200,000  
Loan Three - Second Commitment [Member] | Maximum [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Commitment interest rate   15.00%  
Loan Three - Second Commitment [Member] | Minimum [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Commitment interest rate   2.75%  
Commitment interest rate   2.00%  
Michigan One [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Loan commitment [1]   $ 6,000,000  
Maturity Date [4]   Apr. 15, 2024  
Michigan One [Member] | Outstanding Principal [Member]      
Loans Held For Investment, Net (Details) [Line Items]      
Outstanding principal     $ 4,300,000
[1] Total Commitment excludes future amounts to be advanced at sole discretion of the lender.
[2] Amounts are presented by loan origination year with subsequent advances shown in the original year of origination.
[3] Loan #9 placed on non-accrual status is included in risk rating category “4” and has a reserve for current expected credit losses of approximately $1.3 million as of March 31, 2024 and $1.5 million as of December 31, 2023.
[4] Certain loans are subject to contractual extension options and may be subject to performance based on other conditions as stipulated in the loan agreement. Actual maturities may differ from contractual maturities stated herein and certain borrowers may have the right to prepay with or without a contractual prepayment penalty. The Company may also extend contractual maturities and amend other terms of the loans in connection with loan modifications.