Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Unfunded Commitments on Existing Loans

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

	As of September 30, 2024			As of December 31, 2023
Total original loan commitments	$	399,706,770		$	378,849,998
Less: drawn commitments	$	(393,706,770	)	$	(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 September 30, 2024:

	Total		2024(1)		2025		2026		2027		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 September 30, 2024. This unfunded commitment was advanced to the borrower in October 2024 upon conditions precedent to the funding having been met.