Consolidated Balance Sheets - USD ($)		Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	[1]	$ 14,749,046	$ 11,375,960
Restricted cash	[1]		57,999,396
Commercial mortgage loans held-for-investment, at amortized cost	[1]	1,001,825,294	547,345,334
Mortgage servicing rights, at fair value	[1]	551,997	919,678
Accrued interest receivable	[1]	3,977,752	2,015,617
Investment related receivable	[1]	22,400,000	0
Other assets	[1]	1,889,258	1,833,794
Total assets	[1]	1,048,923,353	621,489,779
LIABILITIES:
Collateralized loan obligations, net	[1]	826,782,543	463,060,090
Secured term loan	[1]	46,845,502	39,556,198
Accrued interest payable	[1]	704,055	432,936
Dividends payable	[1]	3,242,809	3,242,640
Fees and expenses payable to Manager	[1]	1,825,142	1,156,340
Other accounts payable and accrued expenses	[1]	147,802	338,423
Total liabilities	[1]	879,547,853	507,786,627
Commitments and contingencies	[1]
EQUITY:
Preferred Stock: par value $0.01 per share; 50,000,000 shares authorized; 7.875% Series A Cumulative Redeemable, $60,000,000 aggregate liquidation preference, 2,400,000 and 0 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	[1]	57,254,935	0
Common Stock: par value $0.01 per share; 450,000,000 shares authorized, 24,947,883 and 24,943,383 shares issued and outstanding, at December 31, 2021 and December 31, 2020, respectively	[1]	249,434	249,389
Additional paid-in capital	[1]	233,833,749	233,850,271
Cumulative distributions to stockholders	[1]	(143,449,310)	(131,355,978)
Accumulated earnings	[1]	21,387,192	10,859,970
Total stockholders' equity	[1]	169,276,000	113,603,652
Noncontrolling interests	[1]	99,500	99,500
Total equity	[1]	169,375,500	113,703,152
Total liabilities and equity	[1]	$ 1,048,923,353	$ 621,489,779

[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, 2021 and December 31, 2020, assets of the consolidated VIEs totaled $1,003,896,995 and $591,318,506, respectively and the liabilities of consolidated VIEs totaled $827,390,435 and $463,411,967, respectively.