THE FREMF TRUSTS - Condensed Consolidated Balance Sheets (Details) - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Assets
Total assets	[1]	$ 657,901,998	$ 679,352,035
Liabilities and Equity
Multi-family securitized debt obligations	[1],[2]	0	19,231,331
Total liabilities	[1]	549,257,286	529,148,697
Equity	[1]	108,545,212	150,103,838
Total liabilities and equity	[1]	$ 657,901,998	679,352,035
FREMF Trusts
Assets
Receivables			24,357,335
Total assets			24,357,335
Liabilities and Equity
Multi-family securitized debt obligations			19,231,331
Payables			363,855
Total liabilities			19,595,186
Equity			4,762,149
Total liabilities and equity			$ 24,357,335

[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIE's) as the Company was the primary beneficiary of these VIEs. As of December 31, 2019 and December 31, 2018, assets of the consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $636,541,489 and $636,951,486, respectively and the liabilities of consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $506,662,238 and $504,846,712, respectively.

[2] As of December 31, 2018, assets of the consolidated VIE related to the FREMF 2012-KF01 Trust totaled $24,357,335, and the liabilities of consolidated VIE related to the FREMF 2012-KF01 trust totaled $19,595,186.