USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Variable Interest Entity [Line Items]
Net interest income	$ 6,416,584	$ 5,254,447	$ 11,503,622	$ 9,771,757
Loss on extinguishment of debt	0	(1,663,926)	0	(1,663,926)
Provision for loan losses	(351,914)	0	(351,914)	0
General and administrative fees	(960,420)	(520,013)	(1,813,152)	(1,200,327)
LFT CRE 2021-FL1, Ltd., Hunt Cre 2017-FL1, Ltd, and Hunt Cre 2018-FL2, Ltd.
Variable Interest Entity [Line Items]
Interest income	11,734,126	7,867,960	21,546,569	15,131,821
Interest expense	(5,284,890)	(2,211,947)	(9,289,128)	(4,397,189)
Net interest income	6,449,236	5,656,013	12,257,441	10,734,632
Loss on extinguishment of debt	0	(1,663,926)	0	(1,663,926)
Provision for loan losses	(351,914)	0	(351,914)	0
General and administrative fees	(177,845)	91,786	(324,367)	(28,800)
Net income	$ 5,919,477	$ 4,083,873	$ 11,581,160	$ 9,041,906