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THE FREMF TRUSTS - Condensed Consolidated Statements of Operations (Details) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Variable Interest Entity [Line Items]    
Net interest income $ 4,175,642 $ 4,206,547
Unrealized gain on multi-family loans held in securitization trusts 0 694,339
Net income $ 1,551,671 1,474,767
FREMF Trusts    
Variable Interest Entity [Line Items]    
Interest income   78,361
Net interest income   78,361
Realized (loss) on multi-family loans held in securitization trusts   (709,439)
Unrealized gain on multi-family loans held in securitization trusts   694,339
Net income   $ 63,261