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Accounts Payable, Accrued Expenses and Other Liabilities - Summary of Accounts Payable, Accrued Expenses and Other Liabilities (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023
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Payables and Accruals [Abstract] |  |
Accounts payable | $ 1,341,410 | $ 1,518,267
Accrued expenses | 3,471,873 | 4,104,945
Accrued interest expense | 7,428,057 | 7,935,327
Deferred gain on sale of property | 6,596,622 | 6,596,622
Reserve for credit losses on unfunded commitments | 456,000 | 678,000
Derivative instruments at fair value | 224,845 | 705,694
Other liabilities | 1,344,108 | 1,419,233
Total accounts payable, accrued expenses and other liabilities | $ 20,862,915 | $ 22,958,088

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