Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Commercial mortgage loans held-for-investment	$ 14,743,563	$ 9,465,332	$ 37,386,399	$ 25,163,428
Cash and cash equivalents	4,969	5,724	14,736	22,802
Interest expense:
Collateralized loan obligations	(8,317,893)	(3,891,089)	(17,607,021)	(8,288,278)
Secured term loan	(947,509)	(846,988)	(2,807,362)	(2,393,216)
Net interest income	5,483,130	4,732,979	16,986,752	14,504,736
Other (loss) income:
Provision for loan losses	(1,521,023)	0	(1,872,937)	0
Unrealized gain (loss) on mortgage servicing rights	37,312	(59,776)	265,910	(300,666)
Loss on extinguishment of debt	0	0	0	(1,663,926)
Servicing income, net	62,451	106,392	185,685	326,314
Total other (loss) income	(1,421,260)	46,616	(1,421,342)	(1,638,278)
Expenses:
Management and incentive fees	1,096,144	807,967	3,111,413	2,254,431
General and administrative expenses	851,528	935,817	2,664,680	2,136,144
Operating expenses reimbursable to Manager	555,307	511,117	1,594,662	1,320,170
Other operating expenses	83,574	91,378	237,572	174,185
Compensation expense	73,016	50,991	178,797	149,617
Total expenses	2,659,569	2,397,270	7,787,124	6,034,547
Net income before provision for income taxes	1,402,301	2,382,325	7,778,286	6,831,911
Benefit from (provision for) income taxes	97,974	(7,857)	20,640	31,442
Net income	1,500,275	2,374,468	7,798,926	6,863,353
Dividends accrued to preferred stockholders	(1,185,042)	(1,198,167)	(3,555,042)	(1,927,542)
Net income attributable to common stockholders	315,233	1,176,301	4,243,884	4,935,811
Earnings per share:
Net income attributable to common stockholders (basic)	315,233	1,176,301	4,243,884	4,935,811
Net income attributable to common stockholders (diluted)	$ 315,233	$ 1,176,301	$ 4,243,884	$ 4,935,811
Weighted average number of shares of common stock outstanding (in shares)	52,231,152	24,947,883	47,031,833	24,945,130
Basic income per share (in dollars per share)	$ 0.01	$ 0.05	$ 0.09	$ 0.20
Diluted income per share (in dollars per share)	0.01	0.05	0.09	0.20
Dividends declared per share of common stock (in dollars per share)	$ 0.06	$ 0.09	$ 0.18	$ 0.27