Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Commercial mortgage loans held-for-investment	$ 56,610,324	$ 36,162,050
Cash and cash equivalents	74,676	28,779
Interest expense:
Collateralized loan obligations	(29,055,324)	(12,178,545)
Secured term loan	(3,754,872)	(3,333,536)
Net interest income	23,874,804	20,678,748
Other income:
Provision for loan losses	(4,258,668)	0
Realized loss on mortgage servicing rights	0	(10,910)
Change in unrealized gain (loss) on mortgage servicing rights	243,659	(356,772)
Loss on extinguishment of debt	0	(1,663,926)
Servicing income, net	347,838	398,939
Total other (loss)	(3,667,171)	(1,632,669)
Expenses:
Management and incentive fees	4,197,819	3,041,600
General and administrative expenses	3,467,653	2,879,655
Operating expenses reimbursable to Manager	2,116,636	2,038,130
Other operating expenses	309,797	280,970
Compensation expense	240,980	200,608
Total expenses	10,332,885	8,440,963
Net income before provision for income taxes	9,874,748	10,605,116
(Provision for) income taxes	(11,088)	(77,894)
Net income	9,863,660	10,527,222
Dividends to preferred stockholders	(4,740,000)	(3,112,500)
Net income attributable to common stockholders (basic and diluted)	5,123,660	7,414,722
Earnings per share:
Net income attributable to common stockholders (basic)	5,123,660	7,414,722
Net income attributable to common stockholders (diluted)	$ 5,123,660	$ 7,414,722
Weighted average number of shares of common stock outstanding (in shares)	48,342,347	24,945,824
Basic income per share (in dollars per share)	$ 0.11	$ 0.30
Diluted income per share (in dollars per share)	0.11	0.30
Dividends declared per weighted average share of common stock (in dollars per share)	$ 0.24	$ 0.36