Consolidated Balance Sheets - USD ($)		Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents		$ 11,375,960	$ 10,942,115	[1]
Restricted cash		57,999,396	5,069,715	[1]
Commercial mortgage loans held-for-investment, at amortized cost		547,345,334	635,260,420	[1]
Mortgage servicing rights, at fair value		919,678	2,700,207	[1]
Deferred offering costs		0	40,000	[1]
Accrued interest receivable		2,015,617	2,342,354	[1]
Other assets		1,833,794	1,547,187	[1]
Total assets	[1]	621,489,779	657,901,998
LIABILITIES:
Collateralized loan obligations, net		463,060,090	505,930,065	[1]
Secured Term Loan, net		39,556,198	39,384,041	[1]
Accrued interest payable		432,936	805,126	[1]
Dividends payable		3,242,640	1,776,912	[1]
Fees and expenses payable to Manager		1,156,340	991,981	[1]
Other accounts payable and accrued expenses		338,423	369,161	[1]
Total liabilities	[1]	507,786,627	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 December 31, 2020 and December 31, 2019, respectively		249,389	236,877	[1]
Additional paid-in capital		233,850,271	228,135,116	[1]
Cumulative distributions to stockholders		(131,355,978)	(122,236,981)	[1]
Accumulated earnings (deficit)		10,859,970	2,410,200	[1]
Total stockholders' equity	[1]	113,603,652	108,545,212
Noncontrolling interests	[1]	99,500	99,500
Total equity	[1]	113,703,152	108,644,712
Total liabilities and equity	[1]	$ 621,489,779	$ 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 December 31, 2020 and December 31, 2019, assets of the consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $591,318,506 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 $463,411,967 and $506,662,238, respectively.