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Merger and Issuance of Common Stock to Terra Offshore REIT (Tables)
 9 Months Ended
Sep. 30, 2021
Terra Property Trust 2 Inc  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table presents a summary of the consideration exchanged and settlement of the Company’s obligations under participation agreements as a result of the Merger:
Total Consideration
Equity issued in the Merger$34,630,615 
$34,630,615 
Net Assets of TPT2 Received in the Merger
Loans held for investment acquired through participation$17,688,741 
Cash and cash equivalents16,897,074 
Interest receivable134,543 
Other assets18,384 
Accounts payable and accrued expenses(57,433)
Due to Manager(50,694)
Total identifiable net assets$34,630,615 
Terra Offshore Funds REIT  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table presents a summary of the consideration exchanged and settlement of the Company’s obligations under participation agreements as a result of the Issuance of Common Stock to Terra Offshore REIT:
Total Consideration
Equity issued to Terra Offshore REIT$40,749,378 
$40,749,378 
Net Assets of Terra Offshore REIT Received
Investments through participation interest, at fair value$32,112,257 
Cash and cash equivalents8,600,000 
Interest receivable270,947 
Due to Manager(233,826)
Total identifiable net assets$40,749,378