CONSOLIDATED SCHEDULE OF INVESTMENTS $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Schedule of Investments [Line Items]
Amortized Cost	$ 87,829	[1],[2]
Fair Value	$ 88,638	[1],[2]
% of Net Assets	83.60%	[1],[2],[3],[4]
Qualifying Concentration Risk | Assets, Total | Qualifying Investment Assets
Schedule of Investments [Line Items]
Concentration risk	83.60%
Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 87,829
Fair Value	$ 88,638
% of Net Assets	83.60%
Hospitality Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 8,843	[5],[6]
Fair Value	$ 8,969	[5],[6]
% of Net Assets	8.50%	[5],[6]
Multifamily Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 78,986	[5],[6]
Fair Value	$ 79,669	[5],[6]
% of Net Assets	75.10%	[5],[6]
Investment, Identifier [Axis]: ALP Delaware, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.05%	[7]
Interest Rate	8.39%	[5],[6],[7],[8]
Par Amount	$ 21,219
Amortized Cost	21,007
Fair Value	$ 21,219
% of Net Assets	20.00%
Investment, Identifier [Axis]: AVR Eugene Hotel LLC, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.95%	[7]
Interest Rate	9.84%	[5],[6],[7],[8]
Par Amount	$ 8,969
Amortized Cost	8,843
Fair Value	$ 8,969
% of Net Assets	8.50%
Investment, Identifier [Axis]: CRP/RPM LYV Broadway GP, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.80%	[7]
Interest Rate	8.14%	[5],[6],[7],[8]
Par Amount	$ 44,250
Amortized Cost	43,919
Fair Value	$ 44,250
% of Net Assets	41.70%
Investment, Identifier [Axis]: Smart Living Texas City MM, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.80%	[7]
Interest Rate	9.15%	[5],[6],[8]
Par Amount	$ 14,200
Amortized Cost	14,060
Fair Value	$ 14,200
% of Net Assets	13.40%

[1] All of the Company’s investments are Non-Control/Non-Affiliate investments. Non-Control/Non-Affiliate investments as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 25.0%/5.0% of the issued and outstanding voting securities.

[2] All of the Company's investments, except the investments noted by this footnote, are qualifying assets under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company's total assets. As of June 30, 2024, qualifying assets represent 83.6% of the Company's total assets.

[3] All debt investments are income-producing, unless otherwise noted.

[4] All investments are U.S. domiciled.

[5] Represents co-investments made with the Company’s affiliates. Refer to Note 3 - Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for more information.

[6] The fair value of investments with respect to securities for which market quotations are not readily available is determined in good faith by the Company's Board (as defined below) as required by the Investment Company Act of 1940, as amended (the “1940 Act”). Such investments are valued using significant unobservable inputs (See Note 5 to the consolidated financial statements).

[7] The investments herein bear interest at rates that may be determined by reference to Secured Overnight Financing Rate (“SOFR”), which typically resets monthly or quarterly. For each such investment, the Company has provided the spread over SOFR and the current contractual interest rate in effect at June 30, 2024. As of June 30, 2024, rates for 1M SOFR, 3M SOFR, 6M SOFR, 12M SOFR are 5.34%, 5.32%, 5.25%, and 5.04%, respectively. Certain investments are subject to a SOFR floor.

[8] Interest rates on investments are annualized.