Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies - Additional Information (Details)

v3.22.1
Commitments and Contingencies - Additional Information (Details)
1 Months Ended 3 Months Ended
Jul. 31, 2020
USD ($)
Mar. 31, 2022
USD ($)
property
shares
Base salary $ 250,000  
Employment Agreements Description   (i) the employment term is five years with extensions for successive one-year periods unless either party provides written notice at least 180 days prior to the next anniversary date of its intention to not renew the agreement; (ii) a base salary of $260,000, which was increased in April 2018 to $360,000, and increased again in April 2021 to $500,000; (iii) incentive compensation in such amount as determined by the Compensation Committee of the Company’s Board of Directors; (iv) participation in the Company’s employee benefit plans; (v) full indemnification to the extent permitted by law; (vi) a two-year non-competition period following the termination of employment without cause; and (vii) payments upon termination of employment or a change in control. In April 2022, the Compenstion Committee increased Mr. Villano’s base salary to $750,000.
Number of Mortgage Properties | property   9
Mortgages receivable   $ 810,000
Number of accelerated shares | shares   4,753
Unfunded Loan Commitment [Member]    
Other Commitment   $ 115,441,853
Minimum    
Loan Origination Fees On Original Loan Principal, Percentage   1.00%
Maximum    
Loan Origination Fees On Original Loan Principal, Percentage   3.00%