Annual report pursuant to Section 13 and 15(d)

Mortgages Receivable, net - Internal credit quality indicators (Details)

v3.24.1
Mortgages Receivable, net - Internal credit quality indicators (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Mortgages Receivable    
Total $ 499,235,371 $ 460,738,268
Less: Allowance for credit losses (7,523,160) (105,000)
Carrying value, net $ 491,712,211 $ 460,633,268
% of Portfolio 100.00% 100.00%
Year Originated, 2023 $ 86,742,000  
Year Originated, 2022 173,756,000 $ 206,845,000
Year Originated, 2021 201,967,000 184,413,000
Year Originated, 2020 16,780,000 37,540,000
Year Originated, 2019   16,378,000
Year Originated, Prior 19,990,000  
Year Originated, Prior   16,562,000
Under 500    
Mortgages Receivable    
Total $ 6,664,000 $ 629,000
% of Portfolio 1.30% 0.10%
Year Originated, 2023 $ 216,000  
Year Originated, 2022 4,900,000  
Year Originated, 2020   $ 185,000
Year Originated, 2019   235,000
Year Originated, Prior 1,548,000  
Year Originated, Prior   209,000
501-550    
Mortgages Receivable    
Total $ 6,555,000 $ 4,786,000
% of Portfolio 1.30% 1.00%
Year Originated, 2023 $ 2,331,000  
Year Originated, 2022 1,440,000  
Year Originated, 2021 1,864,000 $ 1,779,000
Year Originated, 2020   87,000
Year Originated, 2019   803,000
Year Originated, Prior 920,000  
Year Originated, Prior   2,117,000
551-600    
Mortgages Receivable    
Total $ 33,723,000 $ 15,977,000
% of Portfolio 6.80% 3.50%
Year Originated, 2023 $ 15,019,000  
Year Originated, 2022 9,839,000 $ 3,061,000
Year Originated, 2021 6,854,000 8,256,000
Year Originated, 2020 1,127,000 1,836,000
Year Originated, 2019   1,357,000
Year Originated, Prior 884,000  
Year Originated, Prior   1,467,000
601-650    
Mortgages Receivable    
Total $ 103,601,000 $ 40,349,000
% of Portfolio 20.80% 8.80%
Year Originated, 2023 $ 16,053,000  
Year Originated, 2022 26,981,000 $ 21,382,000
Year Originated, 2021 52,073,000 7,474,000
Year Originated, 2020 3,988,000 6,273,000
Year Originated, 2019   1,547,000
Year Originated, Prior 4,506,000  
Year Originated, Prior   3,673,000
651-700    
Mortgages Receivable    
Total $ 97,284,000 $ 84,085,000
% of Portfolio 19.50% 18.30%
Year Originated, 2023 $ 17,862,000  
Year Originated, 2022 40,318,000 $ 33,832,000
Year Originated, 2021 30,203,000 31,342,000
Year Originated, 2020 3,662,000 7,398,000
Year Originated, 2019   5,269,000
Year Originated, Prior 5,239,000  
Year Originated, Prior   6,244,000
701-750    
Mortgages Receivable    
Total $ 167,977,000 $ 174,347,000
% of Portfolio 33.60% 37.80%
Year Originated, 2023 $ 19,935,000  
Year Originated, 2022 51,276,000 $ 65,190,000
Year Originated, 2021 83,946,000 90,524,000
Year Originated, 2020 7,411,000 11,892,000
Year Originated, 2019   5,527,000
Year Originated, Prior 5,409,000  
Year Originated, Prior   1,214,000
751-800    
Mortgages Receivable    
Total $ 59,413,000 $ 125,347,000
% of Portfolio 11.90% 27.20%
Year Originated, 2023 $ 14,461,000  
Year Originated, 2022 15,906,000 $ 68,826,000
Year Originated, 2021 27,027,000 45,038,000
Year Originated, 2020 592,000 9,470,000
Year Originated, 2019   1,640,000
Year Originated, Prior 1,427,000  
Year Originated, Prior   373,000
801-850    
Mortgages Receivable    
Total $ 24,018,000 $ 15,218,000
% of Portfolio 4.80% 3.30%
Year Originated, 2023 $ 865,000  
Year Originated, 2022 23,096,000 $ 14,554,000
Year Originated, 2020   399,000
Year Originated, Prior $ 57,000  
Year Originated, Prior   $ 265,000