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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance [1] $ 1,048,803,078  
Purchases, advances and originations 3,605,000 $ 0
Principal payments (118,376,467) (162,272,158)
Accretion of purchase discount 1,181,563 1,423,822
Accretion of deferred loan fees 1,192,902 $ 114,645
Ending Balance [1] 905,419,912  
Commercial Real Estate Portfolio Segment    
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance 1,048,803,078  
Purchases, advances and originations 3,605,000  
Principal payments (118,376,467)  
Transfer to Real Estate Owned (26,867,505)  
Charge offs 2,910,385  
Origination and other loan fees (1,186,611)  
Accretion of purchase discount 1,181,563  
Accretion of deferred loan fees 1,192,902  
Provision for credit losses (5,842,433)  
Ending Balance $ 905,419,912  
[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.