Quarterly report pursuant to Section 13 or 15(d)

Line of Credit, Mortgage Payable, and Churchill Facility (Details)

v3.22.2.2
Line of Credit, Mortgage Payable, and Churchill Facility (Details)
 9 Months Ended 12 Months Ended
Jul. 21, 2021
USD ($)
Sep. 30, 2022
USD ($)
loan
Dec. 31, 2021
USD ($)
Dec. 31, 2020
Line of Credit, Mortgage Payable, and Churchill Facility        
Outstanding balance   $ 3,542,853 $ 33,178,031  
Threshold asset coverage ratio   150.00%    
Number of first line mortgage loans | loan   32    
Wells Fargo Credit line        
Line of Credit, Mortgage Payable, and Churchill Facility        
Spread on variable rate   4.50%   1.75%
Outstanding balance   $ 3,542,853    
New Haven Bank Mortgage        
Line of Credit, Mortgage Payable, and Churchill Facility        
Maximum principal amount     $ 1,400,000  
Amount outstanding   750,000    
Interest rate     3.75%  
Interest accrued period     72 months  
Period for which only interest is payable     12 months  
Amortization period     20 years  
Term of Federal Home Loan Bank of Boston Classic Advance Rate     5 years  
Unpaid principal balance     $ 750,000  
Value of East Main Street Property     $ 1,400,000  
New Haven Bank Mortgage | Federal Home Loan Bank of Boston Classic Advance Rate        
Line of Credit, Mortgage Payable, and Churchill Facility        
Spread on variable rate     2.60%  
Master Repurchase Agreement        
Line of Credit, Mortgage Payable, and Churchill Facility        
Outstanding balance   $ 43,100,146    
Interest rate 0.25% 6.99%    
Unpaid principal balance   $ 80,400,000    
Repurchase face amount $ 200,000,000      
Notes callable period 30 days      
Threshold asset coverage ratio   150.00%    
Percentage amount of repurchase obligation of unencumbered cash and cash equivalents   2.50%    
Term of debt   180 days    
Additional availability   $ 2,100,000    
Minimum        
Line of Credit, Mortgage Payable, and Churchill Facility        
Term of debt   1 year    
Minimum | Master Repurchase Agreement        
Line of Credit, Mortgage Payable, and Churchill Facility        
Interest rate   3.00%    
Maximum        
Line of Credit, Mortgage Payable, and Churchill Facility        
Term of debt   3 years    
Maximum | Master Repurchase Agreement        
Line of Credit, Mortgage Payable, and Churchill Facility        
Interest rate   4.00%