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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2020
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.
March 31, 2020December 31, 2019
Cash and cash equivalents$11,334,317  $10,942,115  
Restricted cash CRE 2017-FL1, Ltd.—  2,158,497  
Restricted cash CRE 2018-FL2, Ltd.$6,914,097  $2,911,218  
Total cash, cash equivalents and restricted cash$18,248,414  $16,011,830