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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
Sep. 30, 2018
Aug. 20, 2018
Dec. 31, 2017
Sep. 30, 2017
Dec. 31, 2016
Cash and Cash Equivalents [Line Items]          
Cash and cash equivalents $ 9,912,051   $ 34,347,339    
Restricted cash 77,694,265   11,275,263    
Total cash, cash equivalents and restricted cash 87,606,316   45,622,602 $ 45,992,208 $ 37,889,596
Hunt CRE 2017-FL1, Ltd.          
Cash and Cash Equivalents [Line Items]          
Restricted cash 41,864,739   0    
Hunt CRE 2018-FL2, Ltd          
Cash and Cash Equivalents [Line Items]          
Cash and cash equivalents   $ 59,700,000      
Restricted cash 35,829,526   0    
Repurchase counterparties as restricted collateral          
Cash and Cash Equivalents [Line Items]          
Restricted cash $ 0   $ 11,275,263