CONSOLIDATED SCHEDULE OF INVESTMENTS $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Schedule of Investments [Line Items]
Spread Above Reference Rate	5.35%	[1],[2],[3]
Amortized Cost	$ 834,884	[4],[5],[6],[7]
Fair Value	$ 842,856	[4],[5],[6],[7]
% of Net Assets	234.70%	[4],[5],[6],[7]
Qualifying Concentration Risk | Assets, Total | Qualifying Investment Assets
Schedule of Investments [Line Items]
Concentration risk	100.00%
Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 791,903
Fair Value	$ 799,660
% of Net Assets	222.70%
Hospitality, Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 116,070
Fair Value	$ 117,235
% of Net Assets	32.70%
Industrial Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 44,912
Fair Value	$ 45,436
% of Net Assets	12.60%
Mixed Use Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 42,899
Fair Value	$ 43,315
% of Net Assets	12.10%
Multifamily, Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 572,620
Fair Value	$ 578,144
% of Net Assets	161.00%
Self Storage, Senior Mortgage
Schedule of Investments [Line Items]
Amortized Cost	$ 15,402
Fair Value	$ 15,530
% of Net Assets	4.30%
Mezzanine
Schedule of Investments [Line Items]
Amortized Cost	$ 14,067
Fair Value	$ 14,204
% of Net Assets	3.90%
Hospitality Mezzanine
Schedule of Investments [Line Items]
Amortized Cost	$ 1,036
Fair Value	$ 1,046
% of Net Assets	0.30%
Mixed Use, Mezzanine
Schedule of Investments [Line Items]
Amortized Cost	$ 5,501
Fair Value	$ 5,556
% of Net Assets	1.50%
Multifamily, Mezzanine
Schedule of Investments [Line Items]
Amortized Cost	$ 7,530
Fair Value	$ 7,602
% of Net Assets	2.10%
Real Estate Securities
Schedule of Investments [Line Items]
Amortized Cost	$ 28,914
Fair Value	$ 28,992
% of Net Assets	8.10%
Hospitality, Real Estate Securities
Schedule of Investments [Line Items]
Amortized Cost	$ 15,073
Fair Value	$ 15,086
% of Net Assets	4.20%
Industrials, Real Estate Securities
Schedule of Investments [Line Items]
Amortized Cost	$ 4,988
Fair Value	$ 5,016
% of Net Assets	1.40%
Multifamily, Real Estate Securities
Schedule of Investments [Line Items]
Amortized Cost	$ 8,853
Fair Value	$ 8,890
% of Net Assets	2.50%
Investment, Identifier [Axis]: 26 W 9th Street LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	5.25%	[1],[2],[3],[8]
Interest Rate	9.58%	[2],[3],[8],[9]
Par Amount	$ 16,613	[2],[3],[8]
Amortized Cost	16,453	[2],[3],[8]
Fair Value	$ 16,613	[2],[3],[8]
% of Net Assets	4.60%	[2],[3],[8]
Investment, Identifier [Axis]: 26 W 9th Street LLC, Multifamily 1
Schedule of Investments [Line Items]
Spread Above Reference Rate	12.75%	[1],[2],[3],[8]
Interest Rate	17.08%	[2],[3],[8],[9]
Par Amount	$ 1,893	[2],[3],[8]
Amortized Cost	1,875	[2],[3],[8]
Fair Value	$ 1,893	[2],[3],[8]
% of Net Assets	0.50%	[2],[3],[8]
Investment, Identifier [Axis]: 50 West BSP Owner LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.95%	[1],[2],[3],[8],[10]
Interest Rate	7.28%	[2],[3],[8],[9],[10]
Par Amount	$ 42,281	[2],[3],[8],[10]
Amortized Cost	41,855	[2],[3],[8],[10]
Fair Value	$ 42,281	[2],[3],[8],[10]
% of Net Assets	11.80%	[2],[3],[8],[10]
Investment, Identifier [Axis]: 50 West BSP Owner LLC, Multifamily 1
Schedule of Investments [Line Items]
Spread Above Reference Rate	8.23%	[1],[2],[3],[8],[10]
Interest Rate	12.56%	[2],[3],[8],[9],[10]
Par Amount	$ 2,546	[2],[3],[8],[10]
Amortized Cost	2,520	[2],[3],[8],[10]
Fair Value	$ 2,546	[2],[3],[8],[10]
% of Net Assets	0.70%	[2],[3],[8],[10]
Investment, Identifier [Axis]: 68 East Avenue Austin, LLC, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	4.00%	[1],[2],[3],[10]
Interest Rate	8.33%	[2],[3],[9],[10]
Par Amount	$ 22,320	[2],[3],[10]
Amortized Cost	22,129	[2],[3],[10]
Fair Value	$ 22,320	[2],[3],[10]
% of Net Assets	6.20%	[2],[3],[10]
Investment, Identifier [Axis]: ALP Delaware, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.05%	[1],[2],[3],[11]
Interest Rate	7.38%	[2],[3],[9],[11]
Par Amount	$ 21,219	[2],[3],[11]
Amortized Cost	21,047	[2],[3],[11]
Fair Value	$ 21,219	[2],[3],[11]
% of Net Assets	5.90%	[2],[3],[11]
Investment, Identifier [Axis]: AVR Eugene Hotel LLC, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	4.50%	[1],[2],[3],[8]
Interest Rate	8.83%	[2],[3],[8],[9]
Par Amount	$ 8,969	[2],[3],[8]
Amortized Cost	8,868	[2],[3],[8]
Fair Value	$ 8,969	[2],[3],[8]
% of Net Assets	2.50%	[2],[3],[8]
Investment, Identifier [Axis]: AWH Dallas PC Hotel, LP, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	10.51%	[1],[2],[3],[8]
Interest Rate	14.84%	[2],[3],[8],[9]
Par Amount	$ 1,046	[2],[3],[8]
Amortized Cost	1,036	[2],[3],[8]
Fair Value	$ 1,046	[2],[3],[8]
% of Net Assets	0.30%	[2],[3],[8]
Investment, Identifier [Axis]: AWH Dallas PC Hotel, LP, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.25%	[1],[2],[3]
Interest Rate	7.58%	[2],[3],[9]
Par Amount	$ 10,641	[2],[3]
Amortized Cost	10,534	[2],[3]
Fair Value	$ 10,641	[2],[3]
% of Net Assets	3.00%	[2],[3]
Investment, Identifier [Axis]: Admiral's Cove Holdings LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.75%	[1],[2],[3],[12]
Interest Rate	7.08%	[2],[3],[9],[12]
Par Amount	$ 46,837	[2],[3],[12]
Amortized Cost	46,449	[2],[3],[12]
Fair Value	$ 46,837	[2],[3],[12]
% of Net Assets	13.10%	[2],[3],[12]
Investment, Identifier [Axis]: Admiral's Cove Holdings Mezz LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	6.75%	[1],[2],[3],[12]
Interest Rate	11.08%	[2],[3],[9],[12]
Par Amount	$ 3,163	[2],[3],[12]
Amortized Cost	3,135	[2],[3],[12]
Fair Value	$ 3,163	[2],[3],[12]
% of Net Assets	0.90%	[2],[3],[12]
Investment, Identifier [Axis]: Augusta Flats 2024 LP, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.95%	[1],[2],[3],[10]
Interest Rate	7.28%	[2],[3],[9],[10]
Par Amount	$ 15,077	[2],[3],[10]
Amortized Cost	14,930	[2],[3],[10]
Fair Value	$ 15,077	[2],[3],[10]
% of Net Assets	4.20%	[2],[3],[10]
Investment, Identifier [Axis]: BX 2024-SLCT D, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.94%	[1],[2],[13]
Interest Rate	7.27%	[2],[9],[13]
Par Amount	$ 15,111	[2],[13]
Amortized Cost	15,073	[2],[13]
Fair Value	$ 15,086	[2],[13]
% of Net Assets	4.20%	[2],[13]
Investment, Identifier [Axis]: Blue Suede Hospitality Group, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	4.40%	[1],[2],[3],[8],[10]
Interest Rate	8.73%	[2],[3],[8],[9],[10]
Par Amount	$ 18,336	[2],[3],[8],[10]
Amortized Cost	18,169	[2],[3],[8],[10]
Fair Value	$ 18,336	[2],[3],[8],[10]
% of Net Assets	5.10%	[2],[3],[8],[10]
Investment, Identifier [Axis]: CRP/RPM LYV Broadway GP, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.80%	[1],[2],[3],[12]
Interest Rate	7.13%	[2],[3],[9],[12]
Par Amount	$ 44,250	[2],[3],[12]
Amortized Cost	43,950	[2],[3],[12]
Fair Value	$ 44,250	[2],[3],[12]
% of Net Assets	12.30%	[2],[3],[12]
Investment, Identifier [Axis]: CS Harvey, LTD., Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.90%	[1],[2],[3],[12]
Interest Rate	7.23%	[2],[3],[9],[12]
Par Amount	$ 35,200	[2],[3],[12]
Amortized Cost	34,881	[2],[3],[12]
Fair Value	$ 35,200	[2],[3],[12]
% of Net Assets	9.80%	[2],[3],[12]
Investment, Identifier [Axis]: Caledon Owner, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.25%	[1],[2],[3]
Interest Rate	7.58%	[2],[3],[9]
Par Amount	$ 13,641	[2],[3]
Amortized Cost	13,505	[2],[3]
Fair Value	$ 13,641	[2],[3]
% of Net Assets	3.80%	[2],[3]
Investment, Identifier [Axis]: Canal Properties LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.75%	[1],[2],[3],[10]
Interest Rate	8.08%	[2],[3],[9],[10]
Par Amount	$ 12,205	[2],[3],[10]
Amortized Cost	12,088	[2],[3],[10]
Fair Value	$ 12,205	[2],[3],[10]
% of Net Assets	3.40%	[2],[3],[10]
Investment, Identifier [Axis]: DBGS 2024-SBL D, Industrials
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.54%	[1],[2],[14]
Interest Rate	7.87%	[2],[9],[14]
Par Amount	$ 5,000	[2],[14]
Amortized Cost	4,988	[2],[14]
Fair Value	$ 5,016	[2],[14]
% of Net Assets	1.40%	[2],[14]
Investment, Identifier [Axis]: DK LDOI IV Aggregate Holdco LP, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	4.03%	[1],[2],[3],[10]
Interest Rate	8.36%	[2],[3],[9],[10]
Par Amount	$ 41,900	[2],[3],[10]
Amortized Cost	41,521	[2],[3],[10]
Fair Value	$ 41,900	[2],[3],[10]
% of Net Assets	11.70%	[2],[3],[10]
Investment, Identifier [Axis]: GDC White Plains Fee LLC, Mixed Use
Schedule of Investments [Line Items]
Interest Rate	9.68%	[2],[3],[9]
Par Amount	$ 43,315	[2],[3]
Amortized Cost	42,899	[2],[3]
Fair Value	$ 43,315	[2],[3]
% of Net Assets	12.10%	[2],[3]
Investment, Identifier [Axis]: GDC White Plains SPE LLC, Mixed Use
Schedule of Investments [Line Items]
Interest Rate	16.00%	[2],[3],[9]
Par Amount	$ 5,556	[2],[3]
Amortized Cost	5,501	[2],[3]
Fair Value	$ 5,556	[2],[3]
% of Net Assets	1.50%	[2],[3]
Investment, Identifier [Axis]: GVP TC Wilmer Property Owner, LLC, Industrial
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.75%	[1],[2],[3],[8],[10]
Interest Rate	8.08%	[2],[3],[8],[9],[10]
Par Amount	$ 37,077	[2],[3],[8],[10]
Amortized Cost	36,640	[2],[3],[8],[10]
Fair Value	$ 37,077	[2],[3],[8],[10]
% of Net Assets	10.30%	[2],[3],[8],[10]
Investment, Identifier [Axis]: Gainsville Properties III, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.50%	[1],[2],[3]
Interest Rate	7.83%	[2],[3],[9]
Par Amount	$ 20,192	[2],[3]
Amortized Cost	19,992	[2],[3]
Fair Value	$ 20,192	[2],[3]
% of Net Assets	5.60%	[2],[3]
Investment, Identifier [Axis]: Grand Cypress Apartments, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.75%	[1],[2],[3],[8],[12]
Interest Rate	7.08%	[2],[3],[8],[9],[12]
Par Amount	$ 48,484	[2],[3],[8],[12]
Amortized Cost	48,139	[2],[3],[8],[12]
Fair Value	$ 48,484	[2],[3],[8],[12]
% of Net Assets	13.50%	[2],[3],[8],[12]
Investment, Identifier [Axis]: Hallandale Oasis 2019 LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	8.30%	[1],[2],[3],[8]
Interest Rate	12.63%	[2],[3],[8],[9]
Par Amount	$ 6,388	[2],[3],[8]
Amortized Cost	6,200	[2],[3],[8]
Fair Value	$ 6,388	[2],[3],[8]
% of Net Assets	1.80%	[2],[3],[8]
Investment, Identifier [Axis]: Insite Orlando Two, LLC, Hospitality
Schedule of Investments [Line Items]
Spread Above Reference Rate	4.75%	[1],[2],[3],[12]
Interest Rate	9.08%	[2],[3],[9],[12]
Par Amount	$ 15,069	[2],[3],[12]
Amortized Cost	14,849	[2],[3],[12]
Fair Value	$ 15,069	[2],[3],[12]
% of Net Assets	4.20%	[2],[3],[12]
Investment, Identifier [Axis]: NYC 2024-3ELV C, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.84%	[1],[2],[14]
Interest Rate	7.17%	[2],[9],[14]
Par Amount	$ 8,875	[2],[14]
Amortized Cost	8,853	[2],[14]
Fair Value	$ 8,890	[2],[14]
% of Net Assets	2.50%	[2],[14]
Investment, Identifier [Axis]: Olymbec Viscount LLC, Industrial
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.50%	[1],[2],[3],[8]
Interest Rate	7.83%	[2],[3],[8],[9]
Par Amount	$ 8,359	[2],[3],[8]
Amortized Cost	8,272	[2],[3],[8]
Fair Value	$ 8,359	[2],[3],[8]
% of Net Assets	2.30%	[2],[3],[8]
Investment, Identifier [Axis]: Paraiso 256, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.75%	[1],[2],[3],[8],[12]
Interest Rate	7.08%	[2],[3],[8],[9],[12]
Par Amount	$ 27,011	[2],[3],[8],[12]
Amortized Cost	26,801	[2],[3],[8],[12]
Fair Value	$ 27,011	[2],[3],[8],[12]
% of Net Assets	7.50%	[2],[3],[8],[12]
Investment, Identifier [Axis]: Racetrack Properties I, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.95%	[1],[3],[10]
Interest Rate	7.28%	[3],[9],[10]
Par Amount	$ 44,300	[3],[10]
Amortized Cost	43,898	[3],[10]
Fair Value	$ 44,300	[3],[10]
% of Net Assets	12.30%	[3],[10]
Investment, Identifier [Axis]: Rise Bridgeview, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.25%	[1],[2],[3],[8]
Interest Rate	7.58%	[2],[3],[8],[9]
Par Amount	$ 10,737	[2],[3],[8]
Amortized Cost	10,609	[2],[3],[8]
Fair Value	$ 10,737	[2],[3],[8]
% of Net Assets	3.00%	[2],[3],[8]
Investment, Identifier [Axis]: S2 Pleasantdale LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.75%	[1],[2],[3],[8],[10]
Interest Rate	7.08%	[2],[3],[8],[9],[10]
Par Amount	$ 18,078	[2],[3],[8],[10]
Amortized Cost	17,858	[2],[3],[8],[10]
Fair Value	$ 18,078	[2],[3],[8],[10]
% of Net Assets	5.00%	[2],[3],[8],[10]
Investment, Identifier [Axis]: SL 418, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.75%	[1],[2],[3],[8],[12]
Interest Rate	7.08%	[2],[3],[8],[9],[12]
Par Amount	$ 47,797	[2],[3],[8],[12]
Amortized Cost	47,461	[2],[3],[8],[12]
Fair Value	$ 47,797	[2],[3],[8],[12]
% of Net Assets	13.30%	[2],[3],[8],[12]
Investment, Identifier [Axis]: Silver Star Delray, LLC, Self Storage
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.50%	[1],[2],[3],[12]
Interest Rate	7.83%	[2],[3],[9],[12]
Par Amount	$ 15,530	[2],[3],[12]
Amortized Cost	15,402	[2],[3],[12]
Fair Value	$ 15,530	[2],[3],[12]
% of Net Assets	4.30%	[2],[3],[12]
Investment, Identifier [Axis]: Smart Living Texas City MM, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.80%	[1],[2],[3],[12]
Interest Rate	8.13%	[2],[3],[9],[12]
Par Amount	$ 14,200	[2],[3],[12]
Amortized Cost	14,120	[2],[3],[12]
Fair Value	$ 14,200	[2],[3],[12]
% of Net Assets	4.00%	[2],[3],[12]
Investment, Identifier [Axis]: VCP Kennesaw, LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.95%	[1],[2],[3],[10]
Interest Rate	7.28%	[2],[3],[9],[10]
Par Amount	$ 47,227	[2],[3],[10]
Amortized Cost	46,784	[2],[3],[10]
Fair Value	$ 47,227	[2],[3],[10]
% of Net Assets	13.20%	[2],[3],[10]
Investment, Identifier [Axis]: VCP Manager LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	3.10%	[1],[2],[3],[10]
Interest Rate	7.43%	[2],[3],[9],[10]
Par Amount	$ 29,380	[2],[3],[10]
Amortized Cost	29,117	[2],[3],[10]
Fair Value	$ 29,380	[2],[3],[10]
% of Net Assets	8.20%	[2],[3],[10]
Investment, Identifier [Axis]: WHK Waterfront Urban Renewal LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	5.50%	[1],[2],[3],[8]
Interest Rate	9.83%	[2],[3],[8],[9]
Par Amount	$ 3,347	[2],[3],[8]
Amortized Cost	2,928	[2],[3],[8]
Fair Value	$ 3,347	[2],[3],[8]
% of Net Assets	0.90%	[2],[3],[8]
Investment, Identifier [Axis]: Woodbine MF TIC 1 LLC, Multifamily
Schedule of Investments [Line Items]
Spread Above Reference Rate	2.75%	[1],[2],[3],[10]
Interest Rate	7.08%	[2],[3],[9],[10]
Par Amount	$ 13,680	[2],[3],[10]
Amortized Cost	13,555	[2],[3],[10]
Fair Value	$ 13,680	[2],[3],[10]
% of Net Assets	3.80%	[2],[3],[10]

[1] 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 December 31, 2024. As of December 31, 2024, rates for 1M SOFR, 3M SOFR, 6M SOFR, 12M SOFR are 4.33%, 4.31%, 4.25%, and 4.18%, respectively. Certain investments are subject to a SOFR floor.

[2] Represents co-investments made with the Company’s affiliates. Refer to Note 3 - Related Party Transactions.

[3] 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. Refer to Note 5 - Fair Value Measurement.

[4] 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.

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

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

[7] 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 December 31, 2024, qualifying assets represent 100.0% of the Company's total assets.

[8] The Company’s investment or a portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. Refer to Note 7 - Commitments and Contingencies.

[9] Interest rates on investments are annualized.

[10] The Company’s investment or a portion thereof is pledged as collateral under the JPM Credit Facility (as defined in Note 6).

[11] The Company’s investment or a portion thereof is pledged as collateral under the Webster Warehouse Facility (as defined in Note 6.)

[12] The Company’s investment or a portion thereof is pledged as collateral under the Barclay’s Warehouse Facility (as defined in Note 6).

[13] The Company’s investment or a portion thereof is pledged as collateral under the Barclay’s Repo Facility (as defined in Note 6)

[14] The Company’s investment or a portion thereof is pledged as collateral under the JPM Repo Facility (as defined in Note 6).