Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Interest income:
Commercial mortgage loans held-for-investment	$ 19,976,355	$ 29,837,154	$ 41,661,245	$ 64,627,272
Cash and cash equivalents	602,563	801,641	1,227,530	1,453,044
Interest expense:
Collateralized loan obligations and secured financings	(12,646,774)	(20,178,657)	(26,283,248)	(41,690,411)
Secured term loan	(971,365)	(937,211)	(1,910,214)	(1,874,421)
Net interest income	6,960,779	9,522,927	14,695,313	22,515,484
Expenses:
Management and incentive fees	1,302,526	1,812,741	2,415,840	4,380,948
General and administrative expenses	1,006,961	1,130,948	1,931,021	2,265,084
Operating expenses reimbursable to Manager	494,801	404,907	899,421	875,074
Other operating expenses	240,527	21,458	280,536	57,938
Compensation expense	111,250	163,750	222,500	222,500
Total expenses	3,156,065	3,533,804	5,749,318	7,801,544
Other income and expense:
Provision for credit losses, net	(94,768)	(1,399,703)	(5,792,429)	(3,176,576)
Change in unrealized (loss) gain on mortgage servicing rights	(36,456)	(10,274)	(58,974)	(5,647)
Servicing income, net	13,199	18,270	78,079	56,773
Total other income and expense	(118,025)	(1,391,707)	(5,773,324)	(3,125,450)
Net (loss) income before provision for income taxes	3,686,689	4,597,416	3,172,671	11,588,490
Benefit from (provision for) income taxes	4,084	1,030	(4,466)	(9,862)
Net income	3,690,773	4,598,446	3,168,205	11,578,628
Dividends accrued to preferred stockholders	(1,185,042)	(1,185,001)	(2,370,000)	(2,370,000)
Net income attributable to common stockholders	2,505,731	3,413,445	798,205	9,208,628
Earnings per share:
Net income attributable to common stockholders (basic)	2,505,731	3,413,445	798,205	9,208,628
Net (loss) income attributable to common stockholders (diluted)	$ 2,505,731	$ 3,413,445	$ 798,205	$ 9,208,628
Weighted average number of shares of common stock outstanding (in shares)	52,332,304	52,266,174	52,321,157	52,257,737
Basic income per share (in dollars per share)	$ 0.05	$ 0.07	$ 0.02	$ 0.18
Diluted income per share (in dollars per share)	0.05	0.07	0.02	0.18
Dividends declared per share of common stock (in dollars per share)	$ 0.060	$ 0.08	$ 0.14	$ 0.15