Annual report pursuant to Section 13 and 15(d)

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

v3.23.1
Line of Credit, Mortgage Payable, and Churchill Facility (Details)
12 Months Ended
Dec. 31, 2022
USD ($)
loan
Dec. 31, 2021
USD ($)
Dec. 31, 2020
Nov. 30, 2021
USD ($)
Jul. 21, 2021
USD ($)
Line of Credit, Mortgage Payable, and Churchill Facility          
Spread on variable rate 5.75%   1.75%    
Outstanding balance $ 3,587,894 $ 33,178,031      
Amount outstanding $ 288,401,750        
Interest rate 8.52%        
Amortization period 20 years        
Term of Federal Home Loan Bank of Boston Classic Advance Rate   5 years      
Unpaid principal balance $ 77,800,000        
Threshold asset coverage ratio 150.00%        
Number of first line mortgage loans | loan 32        
New Haven Bank Mortgage          
Line of Credit, Mortgage Payable, and Churchill Facility          
Maximum principal amount   $ 1,400,000   $ 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      
Number of first line mortgage loans   750,000      
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 $ 42,533,466        
Interest rate         0.25%
Repurchase face amount         $ 200,000,000
Threshold asset coverage ratio 150.00%        
Percentage amount of repurchase obligation of unencumbered cash and cash equivalents 2.50%        
Term of debt 180 days        
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%