FAIR VALUE - Fair Value Information on Financial Instruments (Details) - USD ($)		Sep. 30, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 9,720,138	$ 10,942,115
Restricted cash	[1]	14,548,916	5,069,715
Total Assets	[1]	637,827,526	657,901,998
Collateralized loan obligations	[1]	479,704,710	505,930,065
Secured Term Loan	[1]	39,512,924	39,384,041
Total Liabilities	[1]	523,349,362	549,257,286
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Assets		623,202,176	651,272,250
Total Liabilities		519,217,634	545,314,106
Carrying Value | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		9,720,138	10,942,115
Restricted cash		14,548,916	5,069,715
Carrying Value | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations		479,704,710	505,930,065
Carrying Value | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment		598,933,122	635,260,420
Secured Term Loan		39,512,924	39,384,041
Face Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Assets		623,202,176	651,272,250
Total Liabilities		522,690,642	550,431,000
Face Amount | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		9,720,138	10,942,115
Restricted cash		14,548,916	5,069,715
Face Amount | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations		482,440,642	510,181,000
Face Amount | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment		598,933,122	635,260,420
Secured Term Loan		40,250,000	40,250,000
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Assets		618,482,248	651,272,250
Total Liabilities		512,337,572	553,833,517
Fair Value | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		9,720,138	10,942,115
Restricted cash		14,548,916	5,069,715
Fair Value | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations		470,291,430	510,834,435
Fair Value | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment		594,213,194	635,260,420
Secured Term Loan		$ 42,046,142	$ 42,999,082

[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.