DERIVATIVE INSTRUMENTS HEDGING AND NON-HEDGING ACTIVITIES (Details 6) - USD ($)		8 Months Ended	12 Months Ended
		Dec. 31, 2012	Dec. 31, 2014		Dec. 31, 2013
Interest rate:
Amount of realized gain (loss)		$ (75,551)	$ (18,214,460)		$ 18,812,854
Amount of unrealized appreciation (depreciation)		(298,159)	(2,931,249)	[1]	878,100	[1]
Total		(373,910)	(21,145,709)		19,690,954
Interest Rate Swaps [Member]
Interest rate:
Amount of realized gain (loss)		(38,218)	(9,705,847)		19,283,710
Amount of unrealized appreciation (depreciation)		(283,754)	(761,429)	[1]	(709,923)	[1]
Total		(321,972)	(10,467,276)		18,573,787
Swaptions [Member]
Interest rate:
Amount of realized gain (loss)		(37,333)	(336,000)		(278,667)
Amount of unrealized appreciation (depreciation)		(14,605)	(1,413,244)	[1]	1,365,399	[1]
Total		$ (51,938)	(1,749,244)		1,086,732
Futures [Member]
Interest rate:
Amount of realized gain (loss)			(8,621,211)		(8,595)
Amount of unrealized appreciation (depreciation)	[1]		(688,217)		154,265
Total			(9,309,428)		145,670
TBAs [Member]
Interest rate:
Amount of realized gain (loss)			448,598		(183,594)
Amount of unrealized appreciation (depreciation)	[1]		(68,359)		68,359
Total			$ 380,239		$ (115,235)

[1] In the year ended December 31, 2014, net swap interest expense totaled $3,495,232 comprised of $3,329,219 in interest expense paid (included in realized gain (loss))and $166,013 in accrued interest expense (included in unrealized appreciation (depreciation)). In the year ended December 31, 2013 net swap interest expense totaled $1,724,725 comprised of $1,414,578 in interest expense paid (included in realized gain (loss)) and $310,147 in accrued interest expense (included in unrealized appreciation (depreciation)). For the period May 16, 2012 (commencement of operations) to December 31, 2012, net swap interest expense totaled $68,358 comprised of $38,218 in interest expense paid (included in realized gain (loss)) and $30,140 in accrued interest expense (included in unrealized appreciation (depreciation)).