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v3.22.1

Debt - Details of each borrowing under Repurchase agreements(Details) - USD ($) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2022 | Dec. 31, 2021
Debt Instrument |  |
Principal Balance | $ 567,520,973 | $ 480,151,151
Principal amount | 173,698,002 | 43,974,608
UBS Master Repurchase Agreement |  |
Debt Instrument |  |
Principal Balance | 84,468,000 | 67,384,000
Carrying Amount | 85,838,940 | 68,509,209
Fair Value | 86,195,057 | 68,981,995
Principal amount | 58,169,600 | 44,569,600
UBS Master Repurchase Agreement | 14th & Alice Street Owner, LLC |  |
Debt Instrument |  |
Principal Balance | 39,468,000 | 39,384,000
Carrying Amount | 40,197,784 | 40,089,153
Fair Value | $ 40,222,586 | $ 40,130,448
Borrowing Date | Nov. 08, 2021 | Nov. 08, 2021
Principal amount | $ 25,599,600 | $ 25,599,600
UBS Master Repurchase Agreement | 14th & Alice Street Owner, LLC | LIBOR |  |
Debt Instrument |  |
Interest Rate | 1.45% | 1.45%
UBS Master Repurchase Agreement | 14th & Alice Street Owner, LLC | LIBOR | Floor rate |  |
Debt Instrument |  |
Interest Rate | 0.10% | 0.10%
UBS Master Repurchase Agreement | NB Factory TIC 1, LLC |  |
Debt Instrument |  |
Principal Balance | $ 28,000,000 | $ 28,000,000
Carrying Amount | 28,529,857 | 28,420,056
Fair Value | $ 28,861,172 | $ 28,851,547
Borrowing Date | Nov. 08, 2021 | Nov. 08, 2021
Principal amount | $ 18,970,000 | $ 18,970,000
UBS Master Repurchase Agreement | NB Factory TIC 1, LLC | LIBOR |  |
Debt Instrument |  |
Interest Rate | 1.74% | 1.74%
UBS Master Repurchase Agreement | NB Factory TIC 1, LLC | LIBOR | Floor rate |  |
Debt Instrument |  |
Interest Rate | 0.10% | 0.10%
UBS Master Repurchase Agreement | Grandview’s Madison Place, LLC |  |
Debt Instrument |  |
Principal Balance | $ 17,000,000 |
Carrying Amount | 17,111,299 |
Fair Value | $ 17,111,299 |
Borrowing Date | Mar. 07, 2022 |
UBS Master Repurchase Agreement | Grandview’s Madison Place, LLC | SOFR |  |
Debt Instrument |  |
Interest Rate | 1.965% |
Uncommitted Master Repurchase Agreement |  |
Debt Instrument |  |
Principal Balance | $ 163,808,250 |
Carrying Amount | 164,858,570 |
Fair Value | 163,518,142 |
Uncommitted Master Repurchase Agreement | 330 Tryon DE LLC |  |
Debt Instrument |  |
Principal Balance | 22,800,000 |
Carrying Amount | 22,903,651 |
Fair Value | $ 22,638,331 |
Borrowing Date | Feb. 18, 2022 |
Principal amount | $ 18,240,000 |
Uncommitted Master Repurchase Agreement | 330 Tryon DE LLC | SOFR |  |
Debt Instrument |  |
Interest Rate | 2.015% |
Uncommitted Master Repurchase Agreement | 330 Tryon DE LLC | SOFR | Floor rate |  |
Debt Instrument |  |
Interest Rate | 0.10% |
Uncommitted Master Repurchase Agreement | 1389 Peachtree St, L.P. and Others |  |
Debt Instrument |  |
Principal Balance | $ 53,970,491 |
Carrying Amount | 54,221,854 |
Fair Value | $ 53,083,178 |
Borrowing Date | Feb. 18, 2022 |
Principal amount | $ 40,285,866 |
Uncommitted Master Repurchase Agreement | 1389 Peachtree St, L.P. and Others | SOFR |  |
Debt Instrument |  |
Interest Rate | 2.465% |
Uncommitted Master Repurchase Agreement | AGRE DCP Palm Springs LLC |  |
Debt Instrument |  |
Principal Balance | $ 43,222,381 |
Carrying Amount | 43,696,133 |
Fair Value | $ 43,738,712 |
Borrowing Date | Feb. 18, 2022 |
Principal amount | $ 28,094,548 |
Uncommitted Master Repurchase Agreement | AGRE DCP Palm Springs LLC | SOFR |  |
Debt Instrument |  |
Interest Rate | 1.315% |
Uncommitted Master Repurchase Agreement | AGRE DCP Palm Springs LLC | SOFR | Floor rate |  |
Debt Instrument |  |
Interest Rate | 1.80% |
Uncommitted Master Repurchase Agreement | Patrick Henry Recovery Acquisition LLC |  |
Debt Instrument |  |
Principal Balance | $ 18,000,000 |
Carrying Amount | 18,041,590 |
Fair Value | $ 18,049,540 |
Borrowing Date | Feb. 18, 2022 |
Principal amount | $ 14,400,000 |
Uncommitted Master Repurchase Agreement | Patrick Henry Recovery Acquisition LLC | SOFR |  |
Debt Instrument |  |
Interest Rate | 0.865% |
Uncommitted Master Repurchase Agreement | Patrick Henry Recovery Acquisition LLC | SOFR | Floor rate |  |
Debt Instrument |  |
Interest Rate | 1.50% |
Uncommitted Master Repurchase Agreement | University Park Berkeley, LLC |  |
Debt Instrument |  |
Principal Balance | $ 25,815,378 |
Carrying Amount | 25,995,342 |
Fair Value | $ 26,008,381 |
Borrowing Date | Feb. 18, 2022 |
Principal amount | $ 17,329,135 |
Uncommitted Master Repurchase Agreement | University Park Berkeley, LLC | SOFR |  |
Debt Instrument |  |
Interest Rate | 1.365% |
Uncommitted Master Repurchase Agreement | University Park Berkeley, LLC | SOFR | Floor rate |  |
Debt Instrument |  |
Interest Rate | 1.50% |

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- Definition Carrying amount of assets sold under agreements to repurchase when the carrying amount (or market value, if higher than the carrying amount) of securities or other assets sold under repurchase agreements exceeds 10 percent of total assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(m)(1)(i)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(m)(1)(ii)(A)(i)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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