FAIR VALUE - Fair Value Information on Financial Instruments (Details) - USD ($)		Jun. 30, 2025	Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 59,403,559	$ 69,173,444
Restricted cash	[1]	1,344,398	2,390,654
Total	[1]	998,387,140	1,128,594,378
Collateralized loan obligations and secured financings	[1]	709,863,062	828,390,189
Secured Term Loan	[1]	47,593,662	47,470,094
Total	[1]	766,931,336	890,695,346
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total		966,167,869	1,120,367,176
Total		757,456,724	875,860,283
Carrying Value | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		59,403,559	69,173,444
Restricted cash		1,344,398	2,390,654
Commercial mortgage loans held-for-investment, net			1,048,803,078
Carrying Value | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment, net		905,419,912
Secured Term Loan		47,593,662	47,470,094
Carrying Value | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations and secured financings		709,863,062	828,390,189
Face Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total		984,975,601	1,137,127,742
Total		759,417,539	878,448,696
Face Amount | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		59,403,559	69,173,444
Restricted cash		1,344,398	2,390,654
Commercial mortgage loans held-for-investment, net			1,065,563,644
Face Amount | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment, net		924,227,644
Secured Term Loan		47,750,000	47,750,000
Face Amount | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations and secured financings		711,667,539	830,698,696
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total		974,531,182	1,132,877,302
Total		757,522,359	872,085,253
Fair Value | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		59,403,559	69,173,444
Restricted cash		1,344,398	2,390,654
Commercial mortgage loans held-for-investment, net			1,061,313,204
Fair Value | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment, net		913,783,225
Secured Term Loan		47,428,176	47,227,497
Fair Value | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations and secured financings		$ 710,094,183	$ 824,857,756

[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.