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Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information
 9 Months Ended
Sep. 30, 2022
USD ($)
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Outstanding Principal $ 334,502,935 [1]
Original Issue Premium/(Discount) (3,427,388)
Carrying Value $ 329,577,614 [1]
Various [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Various(6) [2]
Outstanding Principal $ 30,000,000 [1]
Original Issue Premium/(Discount) (287,746)
Carrying Value $ 29,712,254 [1]
Contractual Interest Rate 10.07%(7) [3],[4]
Maturity Date 5/30/2023 [5]
Payment Terms I/O [6]
Initial Funding Date 7/2/2020 [1]
Michigan [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Michigan
Outstanding Principal $ 36,646,551 [1]
Original Issue Premium/(Discount) (182,125)
Carrying Value $ 36,464,426 [1]
Contractual Interest Rate P + 6.65%(5)(11) Cash, 3.25% PIK [3],[7],[8]
Maturity Date 12/31/2024 [5]
Payment Terms P&I [6]
Initial Funding Date 3/5/2021 [1]
Various [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Various(6) [2]
Outstanding Principal $ 20,673,831 [1]
Original Issue Premium/(Discount) (444,457)
Carrying Value $ 20,229,374 [1]
Contractual Interest Rate 13.91% Cash, 2.59% PIK(10) [3],[9]
Maturity Date 11/29/2024 [5]
Payment Terms P&I [6]
Initial Funding Date 3/25/2021 [1]
Arizona [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Arizona
Outstanding Principal $ 11,909,539 [1]
Original Issue Premium/(Discount)
Carrying Value $ 11,909,539 [1]
Contractual Interest Rate 19.01%(8) [3],[10]
Maturity Date 12/31/2023 [5]
Payment Terms P&I [6]
Initial Funding Date 4/19/2021 [1]
Massachusetts [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Massachusetts
Outstanding Principal $ 1,500,000 [1]
Original Issue Premium/(Discount)
Carrying Value $ 1,500,000 [1]
Contractual Interest Rate P + 12.25%(5) [3],[8]
Maturity Date 4/30/2023 [5]
Payment Terms P&I [6]
Initial Funding Date 4/19/2021 [1]
Pennsylvania [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Pennsylvania
Outstanding Principal $ 13,263,665 [1]
Original Issue Premium/(Discount)
Carrying Value $ 13,263,665 [1]
Contractual Interest Rate P + 10.75%(5) Cash, 4% PIK(9) [3],[8],[11]
Maturity Date 5/31/2025 [5]
Payment Terms P&I [6]
Initial Funding Date 5/28/2021 [1]
Michigan [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Michigan
Outstanding Principal $ 4,443,750 [1]
Original Issue Premium/(Discount) (5,558)
Carrying Value $ 4,438,192 [1]
Contractual Interest Rate P + 9.00%(5) [3],[8]
Maturity Date 2/20/2024 [5]
Payment Terms P&I [6]
Initial Funding Date 8/20/2021 [1]
Various [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Various(6) [2]
Outstanding Principal $ 23,168,151 [1]
Original Issue Premium/(Discount) (242,929)
Carrying Value $ 22,925,222 [1]
Contractual Interest Rate 13% Cash, 2.5% PIK [3]
Maturity Date 6/30/2025 [5]
Payment Terms P&I [6]
Initial Funding Date 8/24/2021 [1]
West Virginia [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location West Virginia
Outstanding Principal $ 9,554,960 [1]
Original Issue Premium/(Discount) (121,586)
Carrying Value $ 9,433,374 [1]
Contractual Interest Rate P + 9.25%(5) Cash, 2% PIK [3],[8]
Maturity Date 9/1/2024 [5]
Payment Terms P&I [6]
Initial Funding Date 9/1/2021 [1]
Pennsylvania [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Pennsylvania
Outstanding Principal $ 15,536,102 [1]
Original Issue Premium/(Discount)
Carrying Value $ 15,536,102 [1]
Contractual Interest Rate P + 10.75%(5) Cash, 3% PIK [3],[8]
Maturity Date 6/30/2024 [5]
Payment Terms P&I [6]
Initial Funding Date 9/3/2021 [1]
Michigan [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Michigan
Outstanding Principal $ 313,607 [1]
Original Issue Premium/(Discount)
Carrying Value $ 313,607 [1]
Contractual Interest Rate 11.00% [3]
Maturity Date 9/30/2024 [5]
Payment Terms P&I [6]
Initial Funding Date 9/20/2021 [1]
Maryland [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Maryland
Outstanding Principal $ 32,479,495 [1]
Original Issue Premium/(Discount) (714,967)
Carrying Value $ 31,764,528 [1]
Contractual Interest Rate P + 8.75%(5) Cash, 2% PIK [3],[8]
Maturity Date 9/30/2024 [5]
Payment Terms I/O [6]
Initial Funding Date 9/30/2021 [1]
Various [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Various(6) [2]
Outstanding Principal $ 20,000,000 [1]
Original Issue Premium/(Discount) (210,110)
Carrying Value $ 19,789,890 [1]
Contractual Interest Rate 13.00% [3]
Maturity Date 10/31/2024 [5]
Payment Terms P&I [6]
Initial Funding Date 11/8/2021 [1]
Michigan [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Michigan
Outstanding Principal $ 10,600,000 [1]
Original Issue Premium/(Discount) (22,487)
Carrying Value $ 10,577,513 [1]
Contractual Interest Rate P + 7.00%(5) [3],[8]
Maturity Date 11/22/2022 [5]
Payment Terms I/O [6]
Initial Funding Date 11/22/2021 [1]
Various [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Various(6) [2]
Outstanding Principal $ 5,000,000 [1]
Original Issue Premium/(Discount)
Carrying Value $ 5,000,000 [1]
Contractual Interest Rate 15% Cash, 2.5% PIK [3]
Maturity Date 12/27/2026 [5]
Payment Terms P&I [6]
Initial Funding Date 12/27/2021 [1]
Michigan [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Michigan
Outstanding Principal $ 3,739,861 [1]
Original Issue Premium/(Discount) (56,096)
Carrying Value $ 3,683,765 [1]
Contractual Interest Rate 10.50% Cash, 5% PIK [3]
Maturity Date 12/29/2023 [5]
Payment Terms I/O [6]
Initial Funding Date 12/29/2021 [1]
Various [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Various(6) [2]
Outstanding Principal $ 7,500,000 [1]
Original Issue Premium/(Discount) (56,267)
Carrying Value $ 7,443,733 [1]
Contractual Interest Rate P + 9.25%(5) [3],[8]
Maturity Date 12/31/2024 [5]
Payment Terms I/O [6]
Initial Funding Date 12/30/2021 [1]
Florida [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Florida
Outstanding Principal $ 15,000,000 [1]
Original Issue Premium/(Discount) (293,989)
Carrying Value $ 14,706,011 [1]
Contractual Interest Rate 11.00% [3]
Maturity Date 1/31/2025 [5]
Payment Terms P&I [6]
Initial Funding Date 1/18/2022 [1]
Ohio [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Ohio
Outstanding Principal $ 30,602,729 [1]
Original Issue Premium/(Discount) (472,079)
Carrying Value $ 30,130,650 [1]
Contractual Interest Rate P + 8.25%(5) Cash, 3% PIK [3],[8]
Maturity Date 2/28/2025 [5]
Payment Terms P&I [6]
Initial Funding Date 2/3/2022 [1]
Florida [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Florida
Outstanding Principal $ 20,327,703 [1]
Original Issue Premium/(Discount) (84,518)
Carrying Value $ 20,243,185 [1]
Contractual Interest Rate 11.00% Cash, 3% PIK [3]
Maturity Date 8/29/2025 [5]
Payment Terms P&I [6]
Initial Funding Date 3/11/2022 [1]
Missouri [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Missouri
Outstanding Principal $ 17,204,978 [1]
Original Issue Premium/(Discount) (148,084)
Carrying Value $ 17,056,894 [1]
Contractual Interest Rate 11.00% Cash, 3% PIK [3]
Maturity Date 5/30/2025 [5]
Payment Terms P&I [6]
Initial Funding Date 5/9/2022 [1]
Illinois [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Location Illinois
Outstanding Principal $ 5,038,013 [1]
Original Issue Premium/(Discount) (84,390)
Carrying Value $ 4,953,623 [1]
Contractual Interest Rate P + 8.50% Cash, 3%(5) PIK [3],[8]
Maturity Date 6/30/2026 [5]
Payment Terms P&I [6]
Initial Funding Date 7/1/2022 [1]
Current expected credit loss reserve [Member]  
Loans Held For Investment, Net (Details) - Schedule of loans held at carrying value based on information [Line Items]  
Outstanding Principal [1]
Original Issue Premium/(Discount)
Carrying Value $ (1,497,933) [1]
[1] The difference between the Carrying Value and the Outstanding Principal amount of the loans consists of unaccreted original issue discounts, deferred loan fees and other upfront fees. Outstanding principal balance includes capitalized PIK interest, if applicable.
[2] Loans with material collateral in multiple jurisdictions, namely multi-state operators, are disclosed as “various.”
[3] P = prime rate and depicts floating rate loans that pay interest at the prime rate plus a specific percentage; “PIK” = paid in kind interest.
[4] The aggregate loan commitment to Loan #1 includes a $4.005 million initial advance, which has an interest rate of 15.25%, a second advance of $15.995 million, which has an interest rate of 9.75%, and a third advance of $10.0 million, which has an interest rate of 8.50%. The statistics presented reflect the weighted average of the terms under all three advances for the total aggregate loan commitment.
[5] 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 as 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.
[6] P&I = principal and interest. I/O = interest only. P&I loans may include interest only periods for a portion of the loan term.
[7] This Loan is subject to an interest rate cap.
[8] This Loan is subject to prime rate floor.
[9] The aggregate loan commitment to Loan #3 includes a $15.9 million initial advance, which has a base interest rate of 13.625%, 2.75% PIK and a second advance of $4.2 million, which has an interest rate of 15.00%, 2.00% PIK. The statistics presented reflect the weighted average of the terms under both advances for the total aggregate loan commitment.
[10] The aggregate loan commitment to Loan #4 includes a $10.0 million initial advance, which has a base interest rate of 15.00%, and a second advance of $2.0 million, which has an interest rate of 39%. The statistics presented reflect the weighted average of the terms under both advances for the total aggregate loan commitment.
[11] Subject to adjustment not below 2% if borrower receives at least two consecutive quarters of positive cash flow after the closing date.