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USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Balance Sheets (Details) - USD ($)
6 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Dec. 31, 2018
Variable Interest Entity [Line Items]        
Cash, cash equivalents and restricted cash $ 16,270,951 $ 16,011,830 $ 50,041,781 $ 59,213,812
Accrued interest receivable [1] 2,172,612 2,342,354    
Investment related receivable(1) [1] 23,781,668 0    
Loans held for investment 609,847,568 [1] 635,260,420    
Total Assets [1] 655,651,908 657,901,998    
Accrued interest payable [1] 428,620 805,126    
Collateralized loan obligations [1] 498,311,273 505,930,065    
Total Liabilities [1] 541,590,389 549,257,286    
Equity [1] 113,962,019 108,545,212    
Total liabilities and equity [1] 655,651,908 657,901,998    
Principal amount 40,250,000 40,250,000    
Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd.        
Variable Interest Entity [Line Items]        
Cash, cash equivalents and restricted cash 7,414,097 5,069,715    
Accrued interest receivable 2,119,206 2,313,818    
Investment related receivable(1) 23,781,668 0    
Loans held for investment 594,668,851 629,157,956    
Total Assets 627,983,822 636,541,489    
Accrued interest payable 355,667 732,173    
Collateralized loan obligations 498,311,273 505,930,065    
Total Liabilities 498,666,940 506,662,238    
Equity 129,316,882 129,879,251    
Total liabilities and equity 627,983,822 $ 636,541,489    
Hunt CRE 2017-FL1, Ltd. | Credit Agreement        
Variable Interest Entity [Line Items]        
Principal amount 19,125,000      
Interest and exit fees receivable 186,831      
Hunt CRE 2018-FL2, Ltd | Credit Agreement        
Variable Interest Entity [Line Items]        
Principal amount 4,404,365      
Interest and exit fees receivable $ 65,472      
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of June 30, 2020 and December 31, 2019, assets of consolidated VIEs related to Hunt CRE 2017-F1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $627,983,822 and $636,541,489, respectively and the liabilities of consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd totaled $498,666,940 and $506,662,238 respectively. See Note 5 for further discussion.