Mortgages Receivable - Additional Information (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
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Sep. 30, 2023 |
Sep. 30, 2023 |
Sep. 30, 2022 |
Dec. 31, 2022 |
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Mortgages Receivable | ||||
Aggregate amounts of loans funded | $ 159,678,482 | $ 252,370,675 | ||
Principal collections on mortgages receivable | 123,495,534 | $ 95,173,969 | ||
Face amount of mortgages | $ 36,100,000 | $ 36,100,000 | ||
Default interest rate on mortgage loans | 18.00% | |||
Nonaccrual loans | ||||
Mortgages Receivable | ||||
Loans on nonaccrual status | 82,913,227 | $ 82,913,227 | $ 55,691,857 | |
Interest income on nonaccrual loans | $ 61,718 | $ 394,909 | ||
Mortgage Concentration Risk | Revenue Benchmark | No borrower | ||||
Mortgages Receivable | ||||
Loans outstanding (in percent) | 10.00% | 10.00% | ||
Minimum | ||||
Mortgages Receivable | ||||
Term of debt | 1 year | |||
Interest rate (as a percent) | 5.00% | |||
Maximum | ||||
Mortgages Receivable | ||||
Term of debt | 3 years | |||
Interest rate (as a percent) | 15.00% |
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- Definition The default interest rate on the mortgage loan receivable. No definition available.
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- Definition The cash outflow to acquire a mortgage receivable for a definite sum of money at a future date. No definition available.
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- Definition The cash inflow associated with principal collections from a mortgages receivable. No definition available.
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- Definition Amount of contractual principal due at origination of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest rate of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amortized cost excluding accrued interest, of financing receivable on nonaccrual status. Excludes net investment in lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income on financing receivable on nonaccrual status. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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