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Homebuilding debt and other affiliate debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Debt

The following table and descriptions summarize the amounts outstanding under the Company’s Homebuilding debt and other affiliate debt, and Term Loan as of December 31, 2024 and 2023:

			December 31, 2024
			Weighted average interest rate						Outstanding Balance
Homebuilding debt and other affiliate debt
Wells Fargo Bank			8.41		%				$	13,594,807
Regions Bank			8.41		%				11,503,298
Flagstar Bank			8.41		%				10,457,543
United Bank			8.41		%				8,366,035
Third Coast Bank			8.41		%				6,274,525
Total homebuilding debt and other affiliate debt									$	50,196,208
Term Loan, net			11.70		%				$	67,150,116

			December 31, 2023
			Weighted average interest rate						Homebuilding Debt - Wells Fargo Syndication						Private Investor Debt						Total
Wells Fargo Bank			8.13		%				$	20,907,306					$	—					$	20,907,306
Regions Bank			8.13		%				17,690,798						—						17,690,798
Flagstar Bank			8.13		%				16,082,543						—						16,082,543
United Bank			8.13		%				12,866,035						—						12,866,035
Third Coast Bank			8.13		%				9,649,526						—						9,649,526
Other Notes Payable									—						3,255,221						3,255,221
Total homebuilding debt and other affiliate debt									$	77,196,208					$	3,255,221					$	80,451,429

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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