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RELATED PARTY TRANSACTIONS - Narrative (Details)
12 Months Ended
Feb. 22, 2022
$ / shares
shares
Jan. 03, 2020
Mar. 18, 2019
USD ($)
Dec. 31, 2022
USD ($)
contract
shares
Dec. 31, 2021
USD ($)
loanParticipation
contract
shares
Related Party Transaction [Line Items]          
Annual management fee (percentage)         1.50%
Quarterly management fee (percentage)         0.375%
Management fees       $ 4,197,819 $ 2,909,368
Management fee payable       1,089,000 796,000
Incentive fees         132,232
Incentive fees payable         132,232
Operating expenses reimbursable to Manager       2,116,636 2,038,130
Reimbursable expenses payable       $ 517,333 724,333
Reduction to reimbursable expenses as a percentage of exit fees waived (percent)       50.00%  
Gross exit fees       $ 1,241,657 605,906
Reimbursable operating expense waived       $ 620,829 $ 302,953
Number of participation interests funded | loanParticipation         20
Common Stock          
Related Party Transaction [Line Items]          
Issuance of common stock (in shares) | shares 27,277,679     27,283,269 4,500
Common stock, shares issued (in dollars per share) | $ / shares $ 3.06        
Restricted Stock Units (RSUs)          
Related Party Transaction [Line Items]          
Compensation expense       $ 15,980 $ 15,608
Manager Equity Plan          
Related Party Transaction [Line Items]          
Maximum shares issued, percentage of issued and outstanding shares of common stock (percentage)       3.00%  
Manager Equity Plan | Restricted Stock Units (RSUs)          
Related Party Transaction [Line Items]          
Unrecognized compensation expense       $ 6,194 8,555
Weighted average period for compensation expense recognition       5 years 6 months  
Hunt Investment Management, LLC          
Related Party Transaction [Line Items]          
Quarterly incentive fee (percentage)   20.00%      
Hurdle rate (percentage)   8.00%      
Length of renewal terms   1 year      
Hunt Investment Management, LLC | Support Agreement          
Related Party Transaction [Line Items]          
Maximum reduction of expense reimbursement per annum (percent)     25.00%    
Maximum expense reimbursement reduction per annum     $ 568,000    
Aggregate reduction of expense reimbursement     $ 1,960,000    
Aggregate expense reimbursement       $ 1,960,000  
Lument Structured Finance | Lument Commercial Mortgage Trust          
Related Party Transaction [Line Items]          
Funded participation interests         $ 42,300,000
Lument Structured Finance | Hunt CRE 2017-FL1, Ltd.          
Related Party Transaction [Line Items]          
Number of loans purchased | contract       16  
Payments to acquire finance receivables       $ 187,500,000  
Lument Structured Finance | Hunt CRE 2018-FL2, Ltd.          
Related Party Transaction [Line Items]          
Number of loans purchased       7 9
Payments to acquire finance receivables       $ 82,000,000 $ 102,700,000
Lument Structured Finance | Hunt CRE 2018-FL2, Ltd. | Lument Commercial Mortgage Trust          
Related Party Transaction [Line Items]          
Number of loans purchased | loanParticipation         2
Lument Structured Finance | Lument Commercial Mortgage Trust          
Related Party Transaction [Line Items]          
Payments to acquire finance receivables         $ 21,200,000
Lument Structured Finance | LFT CRE 2021-FL1, Ltd.          
Related Party Transaction [Line Items]          
Number of loans purchased | loanParticipation         44
Payments to acquire finance receivables         $ 700,100,000
OREC 2018-CRE1, Ltd. | LFT CRE 2021-FL1, Ltd.          
Related Party Transaction [Line Items]          
Number of loans purchased | contract         9
Payments to acquire finance receivables         $ 112,500,000
Payments to acquire finance receivables, premium         $ 350,000
ORIX Real Estate Holdings, LLC | LFT CRE 2021-FL1, Ltd.          
Related Party Transaction [Line Items]          
Number of loans purchased | contract         8
Payments to acquire finance receivables         $ 4,600,000
Payments to acquire finance receivables, premium         $ 20,000.00
OREC Investment Holdings | Common Stock          
Related Party Transaction [Line Items]          
Issuance of common stock (in shares) | shares 13,071,895        
Common stock, shares issued (in dollars per share) | $ / shares $ 3.06        
Affiliate of Hunt Companies, Inc. | Common Stock          
Related Party Transaction [Line Items]          
Issuance of common stock (in shares) | shares 3,524,851        
Common stock, shares issued (in dollars per share) | $ / shares $ 3.06