Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Loan receivables held for investment, net, at amortized cost
Mortgage loans receivable	$ 948,185,000	$ 867,687,000
Allowance for credit losses	(6,142,000)	(6,127,000)
Equity method investments	28,129,000	31,045,000
Cash and cash equivalents	10,800,000	10,913,000
Accrued interest receivable	4,158,000	5,538,000
Other assets	69,000	52,000
Deferred financing costs, net	845,000	1,208,000
Total assets	986,044,000	910,316,000
Liabilities
Credit facility	133,000,000	38,000,000
Repurchase agreement	287,344,000	246,491,000
Notes payable	205,787,000	261,037,000
Distribution payable	8,010,000	8,269,000
Redemption payable	2,917,000	4,094,000
Reimbursement payable (see Note 8)	0	168,000
Incentive fee payable (see Note 8)	675,000	1,152,000
Management fee payable (see Note 8)	2,444,000	2,459,000
Accounts payable and accrued expenses	3,657,000	2,868,000
Other liabilities	324,000	509,000
Total liabilities	$ 644,712,000	$ 566,205,000
Other Liability, Noncurrent, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Commitments and contingencies (see Note 10)	$ 0	$ 0
Members' capital
Common units (36,304,697 and 36,290,817 units issued and outstanding at March 31, 2025 and December 31, 2024)	354,649,000	354,488,000
Distributions in excess of earnings	(13,317,000)	(10,377,000)
Total member's capital	341,332,000	344,111,000
Total liabilities and members' capital	986,044,000	910,316,000
Related Party [Member]
Liabilities
Related party payables and accrued expenses (See Note 8)	$ 554,000	$ 1,158,000