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Loans at Fair Value (Tables)
 6 Months Ended
Jun. 30, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Summary of Loans Held at Fair Value

The following table summarizes the Company's loan held at fair value as of June 30, 2025.

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

Location(s)

Maturity Date

Principal Balance

 

Amortized Cost

 

Fair Value

 

Future Funding (1)

 

Interest Rate

39

Minnesota

6/26/2026

$

5,500,000

 

$

5,500,000

 

$

5,500,000

 

$

-

 

10.5% Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

$

5,500,000

 

$

5,500,000

 

$

5,500,000

 

$

-

 

 
(1)
This loan was repaid in full with all accrued interest and fees during the subsequent period from July 1, 2025 to August 7, 2025 (Note 16).