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Accounts Payable, Accrued Expenses and Other Liabilities - Summary of Accounts Payable, Accrued Expenses and Other Liabilities (Details) - USD ($) | Mar. 31, 2025 | Dec. 31, 2024
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Payables and Accruals [Abstract] |  |
Accounts payable | $ 1,504,796 | $ 2,183,546
Accrued expenses | 3,512,121 | 5,076,445
Accrued interest expense | 7,113,851 | 7,529,123
Deferred gain on sale of MF Property | 6,596,622 | 6,596,622
Reserve for credit losses on unfunded commitments | 118,000 | 186,000
Derivative instruments at fair value | 1,400,096 | 609,766
Other liabilities | 1,316,119 | 1,299,266
Total accounts payable, accrued expenses and other liabilities | $ 21,561,605 | $ 23,480,768

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