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Debt - Narratives - Repurchase agreement (Details)
1 Months Ended 12 Months Ended
Nov. 08, 2021
USD ($)
Nov. 08, 2021
USD ($)
Mar. 31, 2022
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Debt Instrument          
Repayments Of Debt Under Repurchase Agreements       $ 25,599,600 $ 0
Maximum borrowing capacity       90,100,000 38,600,000
Cash and cash equivalents       28,567,825 35,783,956
Proceeds from borrowings under repurchase agreements       151,906,606 44,569,600
UBS Master Repurchase Agreement | Terra Mortgage Capital LLC          
Debt Instrument          
Maximum borrowing capacity $ 195,000,000 $ 195,000,000      
Deferred financing costs $ 600,000 $ 600,000      
Payment guarantee maximum percent 25.00% 25.00%      
Cash liquidity $ 5,000,000 $ 5,000,000      
Debt instrument covenant minimum percentage of cash liquidity 5.00% 5.00%      
Cash and cash equivalents $ 15,000,000 $ 15,000,000      
Minimum percentage of total liquidity 10.00% 10.00%      
Minimum net worth required for compliance $ 215,700,000 $ 215,700,000      
Debt instrument covenant requirement on consolidated tangible net worth minimum percent 75.00% 75.00%      
EBITDA To interest expense ratio   1.50 1.25    
Ratio of indebtedness to net capital 3.50 3.50      
Proceeds from borrowings under repurchase agreements       32,100,000 44,600,000
UBS Master Repurchase Agreement | 14th & Alice Street Owner, LLC          
Debt Instrument          
Repayments Of Debt Under Repurchase Agreements       25,600,000 $ 0
UBS Master Repurchase Agreement | Minimum | Terra Mortgage Capital LLC          
Debt Instrument          
Value-added assets with loan-to-value ratio 65.00% 65.00%      
Value added assets yield ratio 2.50% 2.50%      
UBS Master Repurchase Agreement | Minimum | Terra Mortgage Capital LLC | SOFR          
Debt Instrument          
Debt instrument, basis spread on variable rate 1.60%        
UBS Master Repurchase Agreement | Maximum | Terra Mortgage Capital LLC          
Debt Instrument          
Value-added assets with loan-to-value ratio 80.00% 80.00%      
Value added assets yield ratio 5.00% 5.00%      
UBS Master Repurchase Agreement | Maximum | Terra Mortgage Capital LLC | SOFR          
Debt Instrument          
Debt instrument, basis spread on variable rate 2.25%        
Uncommitted Master Repurchase Agreement | Terra Mortgage Capital LLC          
Debt Instrument          
Maximum borrowing capacity       200,000,000  
Deferred financing costs       600,000  
Cash liquidity       $ 5,000,000  
Debt instrument covenant minimum percentage of cash liquidity       5.00%  
Cash and cash equivalents       $ 15,000,000  
Minimum percentage of total liquidity       10.00%  
Debt instrument covenant requirement on consolidated tangible net worth minimum percent       75.00%  
EBITDA To interest expense ratio       1.50  
Ratio of indebtedness to net capital       3.00  
Proceeds from borrowings under repurchase agreements       $ 119,800,000  
Unamortized deferred financing costs       $ 1,700,000  
Uncommitted Master Repurchase Agreement | Terra Mortgage Capital LLC | Nonperforming Loans          
Debt Instrument          
Payment guarantee maximum percent       50.00%  
Uncommitted Master Repurchase Agreement | Terra Mortgage Capital LLC | Performing Loans          
Debt Instrument          
Payment guarantee maximum percent       25.00%  
Uncommitted Master Repurchase Agreement | Minimum | Terra Mortgage Capital LLC | SOFR          
Debt Instrument          
Debt instrument, basis spread on variable rate       1.75%  
Uncommitted Master Repurchase Agreement | Maximum | Terra Mortgage Capital LLC | SOFR          
Debt Instrument          
Debt instrument, basis spread on variable rate       3.00%