FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Book Value and Fair Value of the Financial Instruments

The following table details the carrying value and fair value of the Company’s financial instruments not recognized at fair value in the unaudited interim balance sheets as of March 31, 2026:

	As of March 31, 2026
	Carrying Value		Fair Value
Financial assets:
Cash and cash equivalents	$	5,658,839	$	5,658,839
Loans held for investment, net	$	296,841,030	$	297,745,713
Investment in unconsolidated real estate joint venture	$	24,635,000	$	24,635,000