Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2020		Dec. 31, 2019
ASSETS
Cash and cash equivalents	[1]	$ 9,720,138		$ 10,942,115
Restricted cash	[1]	14,548,916		5,069,715
Commercial mortgage loans held-for-investment, at amortized cost		598,933,122	[1]	635,260,420
Mortgage servicing rights, at fair value	[1]	1,097,154		2,700,207
Deferred offering costs	[1]	0		40,000
Accrued interest receivable	[1]	2,280,494		2,342,354
Investment related receivable	[1]	9,247,423		0
Other assets	[1]	2,000,279		1,547,187
Total Assets	[1]	637,827,526		657,901,998
LIABILITIES:
Collateralized loan obligations, net	[1]	479,704,710		505,930,065
Secured term loan, net	[1]	39,512,924		39,384,041
Accrued interest payable	[1]	411,609		805,126
Dividends payable	[1]	2,123,980		1,776,912
Fees and expenses payable to Manager	[1]	1,115,577		991,981
Other accounts payable and accrued expenses	[1]	480,562		369,161
Total Liabilities	[1]	523,349,362		549,257,286
Commitments and contingencies	[1]
EQUITY:
Common Stock: par value $0.01 per share; 450,000,000 shares authorized, 24,943,383 and 23,692,164 shares issued and outstanding, at September 30, 2020 and December 31, 2019, respectively	[1]	249,389		236,877
Additional paid-in capital	[1]	233,847,322		228,135,116
Cumulative distributions to stockholders	[1]	(128,109,631)		(122,236,981)
Accumulated earnings	[1]	8,391,584		2,410,200
Total stockholders' equity	[1]	114,378,664		108,545,212
Noncontrolling interests	[1]	99,500		99,500
Total equity	[1]	114,478,164		108,644,712
Total liabilities and equity	[1]	$ 637,827,526		$ 657,901,998

[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 September 30, 2020 and December 31, 2019, assets of consolidated VIEs related to Hunt CRE 2017-F1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $608,690,756 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 $480,043,366 and $506,662,238 respectively. See Note 5 for further discussion.