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Interest Reserve
9 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
INTEREST RESERVE
5.INTEREST RESERVE

 

At December 31, 2021, the Company had nine loans that included a loan funded interest reserve.

 

The following table presents changes in interest reserves as of and for the period from March 30, 2021 (inception) to December 31, 2021:

 

   For the
period from
March 30, 2021 (inception)
to
December 31,
2021
 
Initial reserves  $
-
 
New reserves  $9,223,802 
Reserves disbursed  $(2,587,249)
Total interest reserve  $6,636,553