USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Variable Interest Entity [Line Items]
Net interest income	$ 5,483,130	$ 4,732,979	$ 16,986,752	$ 14,504,736
Loss on extinguishment of debt	0	0	0	(1,663,926)
Provision for loan losses	1,521,023	0	1,872,937	0
General and administrative fees	(851,528)	(935,817)	(2,664,680)	(2,136,144)
LFT CRE 2021-FL1, Ltd., Hunt Cre 2017-FL1, Ltd, and Hunt Cre 2018-FL2, Ltd.
Variable Interest Entity [Line Items]
Interest income	13,907,856	9,412,072	35,454,425	24,543,893
Interest expense	(8,317,893)	(3,891,093)	(17,607,021)	(8,288,278)
Net interest income	5,589,963	5,520,979	17,847,404	16,255,615
Loss on extinguishment of debt			0	(1,663,926)
Provision for loan losses	351,914		0	0
General and administrative fees	(145,418)	(118,804)	(469,785)	(147,604)
Net income	$ 5,796,459	$ 5,402,175	$ 17,377,619	$ 14,444,085