SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)			12 Months Ended
	Feb. 22, 2022 shares	May 05, 2021 shares	Dec. 31, 2022 USD ($) sub-servicer loan mortgageLoan $ / shares shares	Dec. 31, 2021 USD ($) mortgageLoan $ / shares shares	Jan. 01, 2023 USD ($)	Dec. 31, 2020 USD ($)	Feb. 14, 2019 USD ($)	Jan. 15, 2019 USD ($)	Dec. 15, 2015 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Number of non accrual loans | loan			2
Reserve for impaired loan			$ 4,300,000
Loan Count | mortgageLoan			1
Allowance for loan losses			$ 0
Number of sub-servers | sub-servicer			2
Principal amount			$ 47,750,000	$ 47,750,000
Common stock, shares authorized (in shares) | shares			450,000,000	450,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.01	$ 0.01
Common stock, shares issued (in shares) | shares			52,231,152	24,947,883
Common stock, shares outstanding (in shares) | shares			52,231,152	24,947,883
Stock repurchase program, authorized amount									$ 10,000,000
Preferred stock, shares authorized (in shares) | shares			50,000,000	50,000,000
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01	$ 0.01
Preferred stock, shares issued (in shares) | shares			2,400,000	2,400,000
Preferred stock, dividend rate (percentage)			7.875%	7.875%
Preferred stock, shares outstanding (in shares) | shares			2,400,000	2,400,000
Number of loans with valuation reserves | loan			1
Number of commercial real estate loans included in analytical model | loan			100,000
Allowance for loan losses			$ 4,258,668	$ 0		$ 0
Commercial Real Estate Portfolio Segment
Debt and Equity Securities, FV-NI [Line Items]
Loan Count | mortgageLoan			71	66
Accounting Standards Update 2016-13 | Commercial Real Estate Portfolio Segment
Debt and Equity Securities, FV-NI [Line Items]
Loan commitment amount			$ 1,100,000,000
Specific reserves			4,300,000
Accounting Standards Update 2016-13 | Subsequent Event | Commercial Real Estate Portfolio Segment | Maximum
Debt and Equity Securities, FV-NI [Line Items]
Allowance for loan losses					$ 4,000,000
Percentage of commitment amount of loan portfolio					0.40%
Accounting Standards Update 2016-13 | Subsequent Event | Commercial Real Estate Portfolio Segment | Minimum
Debt and Equity Securities, FV-NI [Line Items]
Allowance for loan losses					$ 3,000,000
Percentage of commitment amount of loan portfolio					0.30%
Delayed Draw Facility | Credit Agreement
Debt and Equity Securities, FV-NI [Line Items]
Principal amount			$ 47,750,000				$ 40,250,000	$ 40,250,000
Redeemable Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Preferred stock, shares authorized (in shares) | shares			50,000,000	50,000,000
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01	$ 0.01
Preferred stock, shares issued (in shares) | shares		2,400,000	2,400,000	2,400,000
Preferred stock, dividend rate (percentage)		7.875%
Preferred stock, shares outstanding (in shares) | shares			2,400,000	2,400,000
Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Issuance of common stock (in shares) | shares	27,277,269
Collateralized Loan Obligations
Debt and Equity Securities, FV-NI [Line Items]
Maximum exposure to loss from consolidated trusts			$ 166,250,000	$ 166,250,000