From inception through March 31, 2021, CVCF had closed on 37 loans, totaling $120,948,500 in principal with a total outstanding amount of $42,450,000, principally through CVCF's joint venture with a real estate credit-oriented investment fund (the "CVCF-JV Partner" and for the joint venture, the "CVCF-JV") and on CVCF's own balance sheet. During 2019, CVCF entered into a similar JV with a second funding partner, but the partner proved unable to meet its fundraising objectives. Accordingly, on March 5, 2020, CVCF acquired the partner's stake for a net price of $6,848,345 and has been winding down the joint venture.