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Related Party Transactions (Tables) | 6 Months Ended
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Jun. 30, 2025
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The following table presents a summary of such fees and reimbursements incurred pursuant to the Cost Sharing Agreement between Terra LLC and Terra REIT:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Amounts Included in the Statements of Operations
Asset management and asset servicing fees |  | $ | 203,852 |  |  | $ | 277,621 |  |  | $ | 407,919 |  |  | $ | 667,679 |
Operating expense reimbursement to Adviser (1) |  | 129,656 |  |  | 320,214 |  |  | 306,094 |  |  | 702,508 |
Origination, extension and disposition fees |  | 655 |  |  | 137,405 |  |  | 4,209 |  |  | 356,397 |
_______________ (1)Amounts were primarily compensation for time spent supporting the Company’s day-to-day operations.
|  | June 30, 2025 |  | December 31, 2024
|  | Participating Interests |  | Principal Balance |  | Carrying Value |  | Participating Interests |  | Principal Balance |  | Carrying Value
Loan A (1)(2) |  | 35.0 | % |  | $ | 24,491,877 |  |  | $ | 7,503,988 |  |  | 35.0 | % |  | $ | 24,491,877 |  |  | $ | 9,238,721 |
Loan B (2)(3) |  | 50.0 | % |  | 2,958,384 |  |  | 2,623,384 |  |  | 50.0 | % |  | 2,843,280 |  |  | 2,573,280 |
Total |  |  |  | $ | 27,450,261 |  |  | $ | 10,127,372 |  |  |  |  | $ | 27,335,157 |  |  | $ | 11,812,001 |
_______________ (1)Carrying value is net of specific allowance for loan losses of $17.0 million and $15.5 million as of June 30, 2025 and December 31, 2024, respectively. (2)The loan is held in the name of Terra REIT, the Company’s parent entity. (3)The increase in principal balance as of June 30, 2025 when compared to December 31, 2024 is primarily related to legal fees incurred in connection with the Company's ongoing litigation to seek full repayment of the loan from the sponsor. The following table summarizes the investment that was subject to a PA with investment partnership affiliated with the REIT Manager as of:
|  |  |  |  |  | June 30, 2025
|  |  |  |  |  | Transfers treated as obligations under participation agreements
|  | Principal |  | Carrying Value |  | % Transferred |  | Principal |  | Carrying Value
Loan C (1) |  | $ | 20,224,740 |  |  | $ | 20,426,987 |  |  | 96.9 | % |  | $ | 19,606,804 |  |  | $ | 19,802,872 |
|  |  |  |  |  | December 31, 2024
|  |  |  |  |  | Transfers treated as obligations under participation agreements
|  | Principal |  | Carrying Value |  | % Transferred |  | Principal |  | Carrying Value
Loan C (1) |  | $ | 18,567,296 |  |  | $ | 18,575,895 |  |  | 96.9 | % |  | $ | 18,000,000 |  |  | $ | 18,173,962 |
________________ (1)Participant is a certain separately managed account, an investment partnership managed by the REIT Manager.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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