Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income:
Commercial mortgage loans held-for-investment	$ 8,472,153	$ 10,289,117	$ 17,637,958	$ 20,193,305
Multi-family loans held in securitization trusts	0	0	0	78,361
Cash and cash equivalents	7,620	0	35,787	0
Interest expense:
Collateralized loan obligations	(2,915,638)	(5,456,288)	(7,153,527)	(10,903,177)
Secured term loan	(780,441)	(786,114)	(1,560,882)	(1,115,227)
Net interest income	4,783,694	4,046,715	8,959,336	8,253,262
Other income:
Realized (loss) on investments, net	0	0	0	(709,439)
Unrealized (loss) on mortgage servicing rights	(375,176)	(459,119)	(1,252,925)	(839,117)
Unrealized gain on multi-family loans held in securitization trusts	0	0	0	694,339
Servicing income, net	204,380	185,465	398,527	433,679
Other income	0	0	2	0
Total other (loss)	(170,796)	(273,654)	(854,396)	(420,538)
Expenses:
Management fee	590,211	566,164	1,175,032	1,119,623
General and administrative expenses	978,842	895,659	1,744,734	2,362,344
Operating expenses reimbursable to Manager	346,653	517,000	807,774	1,057,037
Other operating expenses	833,998	147,259	1,134,924	185,016
Compensation expense	52,762	50,064	106,894	100,087
Total expenses	2,802,466	2,176,146	4,969,358	4,824,107
Net income before provision for income taxes	1,810,432	1,596,915	3,135,582	3,008,617
Benefit (provision) from income taxes	68,271	(202,745)	294,792	(139,680)
Net income	1,878,703	1,394,170	3,430,374	2,868,937
Dividends to preferred stockholders	(3,750)	(3,792)	(7,500)	(484,264)
Deemed dividend on preferred stock related to redemption	0	0	0	(3,093,028)
Net income (loss) attributable to common stockholders	1,874,953	1,390,378	3,422,874	(708,355)
Earnings (loss) per share:
Net income (loss) attributable to common stockholders (basic and diluted)	$ 1,874,953	$ 1,390,378	$ 3,422,874	$ (708,355)
Weighted average number of shares of common stock outstanding (in shares)	24,939,575	23,687,664	24,925,529	23,687,664
Basic and diluted income (loss) per share (in dollars per share)	$ 0.08	$ 0.06	$ 0.14	$ (0.03)
Dividends declared per share of common stock (in dollars per share)	$ 0.08	$ 0.08	$ 0.15	$ 0.15