CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating activities:
Net income	$ 4,253,350	$ 3,099,437
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for current expected credit losses	60,283	117,648
Amortization of deferred financing costs	344,109	68,050
Accretion of deferred loan original issue discount and premium, net	(1,129,036)	(292,672)
Stock-based compensation	369,962	243,621
Interest drawn on loans	(4,124,684)	(3,740,082)
PIK interest	(32,847)	0
Changes in operating assets and liabilities:
Interest receivable	(307,040)	(534,325)
Prepaid expenses and other assets	(23,772)	378,337
Accrued interest	350,267	680
Accrued management and incentive fees	942,420	(393,063)
Accrued direct administrative expenses	351,136	(75,137)
Accounts payable and other liabilities	111,089	212,915
Net cash provided by (used in) operating activities	1,165,237	(914,591)
Cash flows from investing activities:
Issuance of and fundings on loans	(85,191,929)	(104,743,576)
Principal repayment of loans	70,099,302	9,015,769
Net cash used in investing activities	(15,092,627)	(95,727,807)
Cash flows from financing activities:
Proceeds from sale of common stock	0	72,588,000
Payment of offering costs - equity offering	0	(313,421)
Payment of financing costs	(232,803)	(34,207)
Borrowings on revolving credit facilities	87,100,000	81,060,000
Repayment of revolving credit facilities	(69,700,000)	(236,700,000)
Dividends paid to common shareholders	(4,026,296)	(2,941,964)
Net cash provided by (used in) financing activities	13,140,901	(86,341,592)
Net decrease in cash and cash equivalents	(786,489)	(182,983,990)
Cash and cash equivalents, beginning of period	6,445,328	184,626,770
Cash and cash equivalents, end of period	5,658,839	1,642,780
Supplemental disclosure of non-cash activity:
OID withheld from funding of loans	903,135	1,412,778
Non-cash investment in unconsolidated real estate joint venture	24,635,000	0
Dividends declared and not yet paid	4,055,897	4,026,448
Offering costs included in accounts payable and other liabilities	0	920,838
Supplemental information:
Interest paid during the period	2,273,261	267,429
Income taxes paid during the period	$ 0	$ 0