USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Balance Sheets (Details) - USD ($)		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Cash, cash equivalents and restricted cash		$ 18,279,052	$ 69,375,356	$ 16,011,830
Accrued interest receivable	[1]	3,977,752	2,015,617
Investment related receivable	[1]	22,400,000	0
Loans held for investment	[1]	1,001,825,294	547,345,334
Total assets	[1]	1,048,923,353	621,489,779
Accrued interest payable	[1]	704,055	432,936
Collateralized loan obligations, net	[1]	826,782,543	463,060,090
Total liabilities	[1]	879,547,853	507,786,627
Equity	[1]	169,276,000	113,603,652
Total liabilities and equity	[1]	1,048,923,353	621,489,779
Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd.
Variable Interest Entity [Line Items]
Cash, cash equivalents and restricted cash		3,530,006	57,999,396
Accrued interest receivable		3,941,695	1,955,709
Investment related receivable			0
Loans held for investment		974,025,294	531,363,401
Total assets		1,003,896,995	591,318,506
Accrued interest payable		607,892	351,877
Collateralized loan obligations, net		826,782,543	463,060,090
Total liabilities		827,390,435	463,411,967
Equity		176,506,560	127,906,539
Total liabilities and equity		1,003,896,995	$ 591,318,506
LFT CRE 2021-FL1, Ltd.
Variable Interest Entity [Line Items]
Investment related receivable		$ 22,400,000

[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.