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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Mortgage Loans (Details)
6 Months Ended 12 Months Ended
Jun. 30, 2025
USD ($)
mortgageLoan
Dec. 31, 2024
USD ($)
mortgageLoan
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for credit losses [1] $ (14,252,268) $ (11,320,220)
One month SOFR rate ( as a percent) 4.31% 4.51%
Weighted average LIBOR floor rate (as a percent) 0.97% 0.63%
Weighted average floating rate 100.00% 100.00%
Commercial mortgage loans held-for-investment, net of allowance for credit losses [1] $ 905,419,912 $ 1,048,803,078
Commercial Real Estate Portfolio Segment    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance 924,227,644 1,065,563,646
Collateral (loan investments) 919,672,180 1,060,123,298
Carrying value, net $ 905,419,912 $ 1,048,803,078
Loan Count | mortgageLoan 56 65
Financing receivable, floating rate (as a percent) 100.00% 100.00%
Coupon 7.90% 8.10%
Term (Years) 1 year 6 months 2 years 1 month 6 days
Unaccreted purchase discounts $ (2,284,651) $ (3,466,214)
Commercial mortgage loans held-for-investment, net of allowance for credit losses 905,419,912 1,048,803,078
Outstanding senior secured loans from loan participations 2,498,492 1,082,931
Commercial Real Estate Portfolio Segment | Hunt CMT    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial mortgage loans held-for-investment, net of allowance for credit losses $ 902,921,404 $ 1,049,886,009
[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 June 30, 2025 and December 31, 2024, assets of consolidated VIEs totaled $934,090,475 and $1,058,138,406, respectively and the liabilities of consolidated VIEs totaled $712,768,638 and $831,001,605 respectively. See Note 4 for further discussion.