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USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Balance Sheets (Details) - USD ($)
 9 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Dec. 31, 2018
Variable Interest Entity [Line Items]        
Cash, cash equivalents and restricted cash $ 24,269,054 $ 16,011,830 $ 91,337,832 $ 59,213,812
Accrued interest receivable(1) [1] 2,280,494 2,342,354    
Investment related receivable(2) [1] 9,247,423 0    
Loans held for investment 598,933,122 [1] 635,260,420    
Total Assets [1] 637,827,526 657,901,998    
Accrued interest payable [1] 411,609 805,126    
Collateralized loan obligations [1] 479,704,710 505,930,065    
Total Liabilities [1] 523,349,362 549,257,286    
Equity [1] 114,378,664 108,545,212    
Total liabilities and equity [1] 637,827,526 657,901,998    
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 14,548,916 5,069,715    
Accrued interest receivable(1) 2,203,444 2,313,818    
Investment related receivable(2) 9,166,516 0    
Loans held for investment 582,771,880 629,157,956    
Total Assets 608,690,756 636,541,489    
Accrued interest payable 338,656 732,173    
Collateralized loan obligations 479,704,710 505,930,065    
Total Liabilities 480,043,366 506,662,238    
Equity 128,647,390 129,879,251    
Total liabilities and equity 608,690,756 $ 636,541,489    
Hunt CRE 2017-FL1, Ltd.        
Variable Interest Entity [Line Items]        
Principal amount 9,166,516      
Hunt CRE 2018-FL2, Ltd | Credit Agreement        
Variable Interest Entity [Line Items]        
Interest and exit fees receivable $ 133,723      
[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.