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Loans Held for Investment, Net (Tables)
 12 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of loans originated
The table below provides overall statistics for our loan portfolio as of September 30, 2024:
Number of loans
2 
Total loan commitments
$67,000 
Unfunded loan commitments (1)
$9,820 
Principal balance
$57,180 
Weighted average coupon rate
9.15 %
Weighted average all in yield (2)
10.13 %
Weighted average floor
4.34 %
Weighted average maximum maturity (years) (3)
4.80
(1)Unfunded loan commitments are primarily used to finance property improvements and leasing capital and are generally funded over the term of the loan.
(2)All in yield represents the yield on a loan, including amortization of deferred fees over the initial term of the loan.
(3)Maximum maturity assumes all borrower loan extension options have been exercised, which options are subject to the borrower meeting certain conditions.