SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 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.

	September 30, 2020		December 31, 2019
Cash and cash equivalents	$	9,720,138	$	10,942,115
Restricted cash CRE 2017-FL1, Ltd.	—		2,158,497
Restricted cash CRE 2018-FL2, Ltd.	$	14,548,916	$	2,911,218
Total cash, cash equivalents and restricted cash	$	24,269,054	$	16,011,830