USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Balance Sheets (Details) - USD ($)		Jun. 30, 2025		Mar. 31, 2025	Dec. 31, 2024		Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash, cash equivalents and restricted cash		$ 60,747,957			$ 71,564,098		$ 66,592,407		$ 51,517,192
Accrued interest receivable	[1]	5,635,575			5,945,874
Loans held for investment, net of allowance for credit losses	[1]	905,419,912			1,048,803,078
Total assets	[1]	998,387,140			1,128,594,378
LIABILITIES
Accrued interest payable	[1]	2,182,610			2,697,963
Collateralized loan obligations and secured financings	[1]	709,863,062			828,390,189
Total liabilities	[1]	766,931,336			890,695,346
Equity		231,455,804	[1]	$ 232,048,040	237,899,032	[1]	$ 242,195,026	$ 242,935,302	$ 240,792,380
Total liabilities and equity	[1]	998,387,140			1,128,594,378
2021-FL1 CLO and LMF 2023-1
ASSETS
Cash, cash equivalents and restricted cash		2,152,616			2,391,042
Accrued interest receivable		5,199,101			5,861,355
Loans held for investment, net of allowance for credit losses		902,920,415			1,049,886,009
Real estate owned, held-for-investment, net		23,818,343			0
Total assets		934,090,475			1,058,138,406
LIABILITIES
Accrued interest payable		2,099,047			2,611,416
Collateralized loan obligations and secured financings		709,863,062			828,390,189
Accounts payable		806,529			0
Total liabilities		712,768,638			831,001,605
Equity		221,321,837			227,136,801
Total liabilities and equity		$ 934,090,475			$ 1,058,138,406

[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.