Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Unfunded Commitments on Existing Loans

As of June 30, 2024 and December 31, 2023, the Company had the following unfunded commitments on existing loans.

	As of June 30, 2024			As of December 31, 2023
Total original loan commitments	$	409,306,770		$	378,849,998
Less: drawn commitments	$	(403,306,770	)	$	(371,349,998	)
Total undrawn commitments	$	6,000,000		$	7,500,000

Schedule of Material Commitments

The following table summarizes our material commitments as of June 30, 2024:

	Total		2024		2025		2026		2027(1)		2028		Thereafter
Undrawn commitments	$	6,000,000	$	-	$	-	$	-	$	6,000,000	$	-	$	-
Total	$	6,000,000	$	-	$	-	$	-	$	6,000,000	$	-	$	-

(1) The undrawn commitment presented relates to Loan #32, which has an outstanding principal balance of $0 as of June 30, 2024. The timing of funding this commitment is subject to certain conditions precedent being met. This amount is included in the column representing the maturity date of this loan, though the off-balance sheet liability to fund this commitment may occur prior to such date.