v3.26.1
REAL ESTATE OWNED - Schedule of REO Assets (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Real estate owned, held-for-investment    
Less: Accumulated depreciation $ (347,150) $ 0
Total [1] 26,839,010 0
Real estate owned, held-for-sale    
Real estate owned, held-for-sale [1] 24,099,072 0
Land    
Real estate owned, held-for-investment    
Real estate owned, held-for-investment 4,278,272 0
Building    
Real estate owned, held-for-investment    
Real estate owned, held-for-investment $ 22,907,888 $ 0
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of December 31, 2025 and December 31, 2024, assets of the consolidated VIEs totaled $889,507,091 and $1,058,138,406, respectively, and the liabilities of consolidated VIEs totaled $750,274,556 and $831,001,605, respectively. See Note 4 for further discussion.