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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2021
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, 2021December 31, 2020
Cash and cash equivalents$44,080,327 $11,375,960 
Restricted cash CRE 2018-FL2, Ltd.$— $57,999,396 
Restricted cash CRE 2021-FL1, Ltd.$148,066,240 $— 
Total cash, cash equivalents and restricted cash$192,146,567 $69,375,356