Quarterly report pursuant to Section 13 or 15(d)

Mortgages Receivable, net - CECL Allowance by Property Type (Details)

v3.24.1.1.u2
Mortgages Receivable, net - CECL Allowance by Property Type (Details) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Jan. 31, 2023
Mortgages Receivable      
Total $ 490,743,000 $ 499,235,000  
Less: Allowance for credit losses (8,053,252) (7,523,160) $ (7,523,160)
Carrying value, net $ 482,690,418 $ 491,712,211  
% of Portfolio 100.00% 100.00%  
Residential      
Mortgages Receivable      
Total $ 243,965,000 $ 246,520,000  
% of Portfolio 49.70% 49.40%  
Commercial      
Mortgages Receivable      
Total $ 179,122,000 $ 186,524,000  
% of Portfolio 36.50% 37.40%  
Pre-Development Land      
Mortgages Receivable      
Total $ 37,210,000 $ 35,920,000  
% of Portfolio 7.60% 7.20%  
Mixed Use      
Mortgages Receivable      
Total $ 30,446,000 $ 30,271,000  
% of Portfolio 6.20% 6.00%