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COMMERCIAL LOANS AND INVESTMENTS - Summary of Commercial Loan Investments (Details) $ / shares in Units, $ in Thousands |  |  | 3 Months Ended | 12 Months Ended
--- | --- | --- | --- | ---
Jul. 11, 2024 USD ($) $ / shares shares | Apr. 07, 2022 USD ($) item | Mar. 31, 2025 USD ($) loan $ / shares | Mar. 31, 2024 USD ($) loan | Dec. 31, 2024 USD ($) $ / shares
Mortgage Loans on Real Estate |  |  |  |  |
Existing construction loans |  |  | $ 1,431 | $ 6,575 |
Dividend rate (as a percent) |  |  | 6.375% |  | 6.375%
Preferred stock, par value (in dollars per share) | $ / shares |  |  | $ 0.01 |  | $ 0.01
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Original Face Amount |  |  | $ 143,238 |  | $ 143,238
Current Face Amount |  |  | 107,031 |  | 107,163
Carrying Value |  |  | 106,072 |  | 106,115
CECL Reserve |  |  | (1,072) |  | (1,072)
Total Commercial Loans and Investments |  |  | $ 105,000 |  | 105,043
Commercial Loan Investments |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |
Number of new commercial loan or investments | loan |  |  | 0 | 1 |
Existing construction loans |  |  | $ 1,400 | $ 6,600 |
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Current Face Amount |  |  |  | $ 10,000 |
Coupon Rate |  |  |  | 11.00% |
Preferred Investment - Watters Creek - Allen, TX |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |
Number of extension options | item |  | 2 |  |  |
Extension options terms (in years) |  | 1 year |  |  |
Percentage of funding towards total investment (as a percent) |  | 23.00% |  |  |
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Original Face Amount |  |  | 30,000 |  | 30,000
Current Face Amount |  | $ 30,000 | 30,000 |  | 30,000
Carrying Value |  |  | $ 29,924 |  | $ 29,987
Coupon Rate |  | 8.50% | 9.00% |  | 9.00%
Mortgage Note - Founders Square - Dallas, TX |  |  |  |  |
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Original Face Amount |  |  | $ 15,000 |  | $ 15,000
Current Face Amount |  |  | 15,000 |  | 15,000
Carrying Value |  |  | $ 14,954 |  | $ 14,942
Coupon Rate |  |  | 8.75% |  | 8.75%
Mortgage Note - Rivana - Herndon, VA |  |  |  |  |
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Original Face Amount |  |  | $ 42,000 |  | $ 42,000
Current Face Amount |  |  | 42,000 |  | 42,000
Carrying Value |  |  | $ 41,597 |  | $ 41,530
Coupon Rate |  |  | 11.00% |  | 11.00%
Promissory Note - Main Street - Daytona Beach, FL |  |  |  |  |
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Original Face Amount |  |  | $ 400 |  | $ 400
Current Face Amount |  |  | 400 |  | 400
Carrying Value |  |  | $ 400 |  | $ 400
Coupon Rate |  |  | 7.00% |  | 7.00%
Construction Loan - Hypoluxo - Lake Worth, FL |  |  |  |  |
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Original Face Amount |  |  | $ 5,638 |  | $ 5,638
Current Face Amount |  |  | 4,000 |  | 5,638
Carrying Value |  |  | $ 3,984 |  | $ 5,598
Coupon Rate |  |  | 11.00% |  | 11.00%
Series A Preferred Investment |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |
Shares acquired in exchange of escrow deposit | shares | 10,000 |  |  |  |
Origination fee (as percentage) | 1.00% |  |  |  |
Fee income | $ 100 |  |  |  |
Origination fee |  | $ 150 |  |  |
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Original Face Amount |  |  | $ 10,000 |  | $ 10,000
Current Face Amount | $ 10,000 | $ 30,000 | 10,000 |  | 10,000
Carrying Value |  |  | $ 9,915 |  | $ 9,910
Coupon Rate |  |  | 14.00% |  | 14.00%
Series A Preferred Investment | Series A preferred stock |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |
Dividend rate (as a percent) | 14.00% |  |  |  |
Preferred stock, par value (in dollars per share) | $ / shares | $ 0.01 |  |  |  |
Construction Loan - Whole Foods - Forsyth, GA |  |  |  |  |
COMMERCIAL LOANS AND INVESTMENTS |  |  |  |  |
Original Face Amount |  |  | $ 40,200 |  | $ 40,200
Current Face Amount |  |  | 5,631 |  | 4,125
Carrying Value |  |  | $ 5,298 |  | $ 3,748
Coupon Rate |  |  | 12.15% |  | 12.15%

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