RESTRICTED CASH AND DUE TO BROKER (Tables)

12 Months Ended

Dec. 31, 2018

Cash and Cash Equivalents [Abstract]

Restricted Cash Balances

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the statement of cash flows.

	December 31, 2018		December 31, 2017
Cash and cash equivalents	$	7,882,862	$	34,347,339
Repurchase counterparties as restricted collateral	—		11,275,263
Restricted cash CRE 2017-FL1, Ltd.	$	24,085,890	$	—
Restricted cash CRE 2018-FL2, Ltd.	$	27,245,060	$	—
Total cash, cash equivalents and restricted cash	$	59,213,812	$	45,622,602

The following table presents the Company's restricted cash balances as of December 31, 2018 and December 31, 2017:

	December 31, 2018		December 31, 2017
Restricted cash balance held by:
Broker counterparties for derivatives trading	$	—	$	(1,123,463	)
Repurchase counterparties as restricted collateral	—		11,275,263
Hunt CRE 2017-FL1, Ltd. reinvestment principal proceeds	24,085,890		—
Hunt CRE 2018-FL2, Ltd. reinvestment principal proceeds	27,245,060		—
Total	$	51,330,950	$	10,151,800