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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Apr. 12, 2019
Feb. 14, 2019
Jun. 30, 2019
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Jan. 15, 2019
Dec. 15, 2015
Debt and Equity Securities, FV-NI [Line Items]                
Maximum exposure to loss from consolidated trusts       $ 0   $ 4,762,149    
Non-accrual status     $ 0 0        
Recognized impairment     0 0        
Allowance for loan losses     0 0        
Principal amount     40,250,000 40,250,000        
Deferred financing costs amortized     1,090,372 1,090,372        
Available for sale securities     $ 0 $ 0   0    
Outstanding repurchase agreements           $ 0    
Common stock, shares authorized (in shares)     450,000,000 450,000,000   450,000,000    
Common stock, par value (in dollars per share)     $ 0.01 $ 0.01   $ 0.01    
Common stock, shares issued (in shares)     23,687,664 23,687,664   23,687,664    
Stock repurchase program, authorized amount               $ 10,000,000
Preferred stock, shares outstanding (in shares)     0 0   1,610,000    
Preferred stock, dividend rate, percentage       8.75% 8.75% 8.75%    
Preferred stock, liquidation preference (in dollars per share)           $ 25    
Preferred stock, shares authorized (in shares)     50,000,000 50,000,000   50,000,000    
Preferred stock, par value (in dollars per share)     $ 0.01 $ 0.01   $ 0.01    
Preferred stock, shares issued (in shares)     0 0   1,610,000    
Common stock, shares outstanding (in shares)     23,687,664 23,687,664   23,687,664    
Tax liability           $ 1,960,000    
Internal Revenue Service (IRS)                
Debt and Equity Securities, FV-NI [Line Items]                
Income taxes, interest paid $ 1,960,000              
Redeemable Preferred Stock                
Debt and Equity Securities, FV-NI [Line Items]                
Preferred stock, shares outstanding (in shares)   1,610,000            
Preferred stock, dividend rate, percentage   8.75%            
Preferred stock, liquidation preference (in dollars per share)   $ 25            
Stock Repurchase Program                
Debt and Equity Securities, FV-NI [Line Items]                
Common stock repurchase activity (in shares)     0 0        
Credit Agreement | Delayed Draw Facility                
Debt and Equity Securities, FV-NI [Line Items]                
Principal amount   $ 40,250,000.00 $ 40,250,000.00 $ 40,250,000.00     $ 40,250,000.00  
Collateralized Loan Obligations                
Debt and Equity Securities, FV-NI [Line Items]                
Maximum exposure to loss from consolidated trusts           $ 124,046,671