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LOANS HELD FOR INVESTMENT AT CARRYING VALUE - Loans Held at Carrying Value Portfolio (Details) - USD ($) | 1 Months Ended | 7 Months Ended | 9 Months Ended |
--- | --- | --- | --- | ---
Aug. 31, 2024 | Jul. 31, 2024 | Sep. 30, 2024 | Dec. 31, 2023
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal |  |  | $ 97,547,112 | $ 0
Original Issue Discount |  |  | (1,141,366) | 0
Carrying Value |  |  | 96,405,746 | $ 0
Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal |  |  | 75,179,550 |
Original Issue Discount |  |  | (915,856) |
Carrying Value |  |  | 74,263,694 |
Subordinate debt |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal |  |  | 22,367,562 |
Original Issue Discount |  |  | (225,510) |
Carrying Value |  |  | 22,142,052 |
Mixed-use senior mortgage loan (Houston, TX) | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate | 12.50% |  |  |
Mixed-use senior mortgage loan (Houston, TX) | Base Rate | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  | 12.50% |  |
Mixed-use senior mortgage loan (Houston, TX) | Base Rate | Subordinate debt |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate | 3.48% | 15.31% |  |
Mixed-use senior mortgage loan (Houston, TX) | Secured Overnight Financing Rate (SOFR) | Subordinate debt |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate | 4.00% | 2.42% |  |
Mixed-use senior mortgage loan (Houston, TX) | TEXAS | Mixed-use | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal | $ 12,000,000 |  | 10,629,036 |
Original Issue Discount |  |  | (56,668) |
Carrying Value | $ 6,000,000 |  | $ 10,572,368 |
Interest Rate |  |  | 16.50% |
Residential-use senior mortgage loan (Austin, TX) | Base Rate | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 4.25% |
Residential-use senior mortgage loan (Austin, TX) | Secured Overnight Financing Rate (SOFR) | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 4.75% |
Residential-use senior mortgage loan (Austin, TX) | TEXAS | Residential | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal |  |  | $ 12,079,636 |
Original Issue Discount |  |  | (129,133) |
Carrying Value |  |  | $ 11,950,503 |
Interest Rate |  |  | 9.10% |
Mixed-use senior mortgage loan (San Antonio, TX) | Base Rate | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 6.35% |
Mixed-use senior mortgage loan (San Antonio, TX) | Secured Overnight Financing Rate (SOFR) | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 4.50% |
Mixed-use senior mortgage loan (San Antonio, TX) | TEXAS | Hospitality | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal |  |  | $ 25,342,611 |
Original Issue Discount |  |  | (257,833) |
Carrying Value |  |  | $ 25,084,778 |
Interest Rate |  |  | 11.20% |
Residential-use senior mortgage loan (PBG, FL) | Base Rate | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 8.25% |
Residential-use senior mortgage loan (PBG, FL) | Secured Overnight Financing Rate (SOFR) | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 4.00% |
Residential-use senior mortgage loan (PBG, FL) | FLORIDA | Residential | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal |  |  | $ 18,262,152 |
Original Issue Discount |  |  | (250,868) |
Carrying Value |  |  | $ 18,011,284 |
Interest Rate |  |  | 13.10% |
Residential-use senior mortgage loan (PBG, FL) II | Base Rate | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 6.25% |
Residential-use senior mortgage loan (PBG, FL) II | Secured Overnight Financing Rate (SOFR) | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 4.00% |
Residential-use senior mortgage loan (PBG, FL) II | FLORIDA | Residential | Senior term loans |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal |  |  | $ 8,866,115 |
Original Issue Discount |  |  | (221,354) |
Carrying Value |  |  | $ 8,644,761 |
Interest Rate |  |  | 11.10% |
Residential-use Subordinate debt (Sarasota, FL) | Base Rate | Subordinate debt |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Interest Rate |  |  | 13.00% |
Residential-use Subordinate debt (Sarasota, FL) | FLORIDA | Residential | Subordinate debt |  |  |  |
Loans held at investment, Carrying Amount [Abstract] |  |  |  |
Outstanding Principal |  |  | $ 22,367,562 |
Original Issue Discount |  |  | (225,510) |
Carrying Value |  |  | $ 22,142,052 |
Interest Rate |  |  | 13.00% |

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- Definition Disclosure of the unamortized amount of the discount on the note or receivable which is deducted from the face amount of the receivable or loan. The discount or premium is the difference between the present value and the face amount. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-1A + Details
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