Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 6,298,651	$ 4,488,885
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of commercial mortgage loans held-for-investment discounts	(125,098)	(3,781)
Amortization of commercial mortgage loans held-for-investment premiums	50,522	78,008
Accretion of collateralized loan obligations discounts	0	207,767
Amortization of deferred offering costs	(85,867)	0
Amortization of deferred financing costs	1,372,887	573,113
Provision for loan losses	351,914	0
Loss on extinguishment of debt	0	1,663,926
Unrealized (gain) loss on mortgage servicing rights	(228,598)	240,890
Restricted stock compensation expense	9,114	6,126
Net change in:
Accrued interest receivable	388,565	(796,111)
Other assets	(262,488)	(523,140)
Accrued interest payable	404,480	233,341
Fees and expenses payable to Manager	(78,327)	371,469
Other accounts payable and accrued expenses	199,679	520,727
Net cash provided by operating activities	8,295,434	7,061,220
Cash flows from investing activities:
Purchase of commercial mortgage loans held-for-investment	(222,142,167)	(338,386,251)
Principal payments from commercial mortgage loans held-for-investment	171,007,115	273,837,132
Investment related receivable	0	(79,457,686)
Net cash (used in) investing activities	(51,135,052)	(144,006,805)
Cash flows from financing activities:
Proceeds from issuance of common stock	81,136,045	0
Net proceeds from issuance of preferred stock	0	57,258,435
Proceeds from collateralized loan obligation	0	833,750,000
Payment of collateralized loan obligations	0	(465,316,126)
Payment of deferred financing costs	(119,375)	(7,789,364)
Dividends paid on common stock	(5,378,818)	(5,487,543)
Dividends paid on preferred stock	(2,370,000)	(7,500)
Net cash provided by financing activities	73,267,852	412,407,902
Net increase in cash, cash equivalents and restricted cash	30,428,234	275,462,317
Cash, cash equivalents and restricted cash, beginning of period	18,279,052	69,375,356
Cash, cash equivalents and restricted cash, end of period	48,707,286	344,837,673
Supplemental disclosure of cash flow information
Cash paid for interest	9,371,614	4,929,197
Non-cash investing and financing activities information
Dividends declared but not paid at end of period	$ 4,131,369	$ 3,164,059