SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

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

	June 30, 2019		December 31, 2018
Cash and cash equivalents	$	7,164,246	$	7,882,862
Restricted cash CRE 2017-FL1, Ltd.	36,998,504		24,085,890
Restricted cash CRE 2018-FL2, Ltd.	$	5,879,031	$	27,245,060
Total cash, cash equivalents and restricted cash	$	50,041,781	$	59,213,812

Reconciliation of Cash, Cash Equivalents and Restricted Cash

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

	June 30, 2019		December 31, 2018
Cash and cash equivalents	$	7,164,246	$	7,882,862
Restricted cash CRE 2017-FL1, Ltd.	36,998,504		24,085,890
Restricted cash CRE 2018-FL2, Ltd.	$	5,879,031	$	27,245,060
Total cash, cash equivalents and restricted cash	$	50,041,781	$	59,213,812