Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income:
Commercial mortgage loans held-for-investment	$ 21,944,661	$ 10,009,064
Cash and cash equivalents	261,665	4,855
Interest expense:
Collateralized loan obligations	(13,033,046)	(4,004,238)
Secured term loan	(926,912)	(922,643)
Net interest income	8,246,368	5,087,038
Other income:
Reversal of credit losses, net	179,684	0
Change in unrealized (loss) gain on mortgage servicing rights	(49,129)	147,382
Servicing income, net	51,528	67,181
Total other income	182,083	214,563
Expenses:
Management and incentive fees	1,087,262	924,617
General and administrative expenses	948,066	852,732
Operating expenses reimbursable to Manager	509,986	390,710
Other operating expenses	64,584	76,190
Compensation expense	62,108	50,888
Total expenses	2,672,006	2,295,137
Net income before provision for income taxes	5,756,445	3,006,464
Benefit from (provision for) income taxes	10,246	(51,665)
Net income	5,766,691	2,954,799
Dividends accrued to preferred stockholders	(1,184,958)	(1,184,958)
Net income attributable to common stockholders	4,581,733	1,769,841
Earnings per share:
Net income attributable to common stockholders (basic)	4,581,733	1,769,841
Net income attributable to common stockholders (diluted)	$ 4,581,733	$ 1,769,841
Weighted average number of shares of common stock outstanding (in shares)	52,231,152	36,464,952
Basic income per share (in dollars per share)	$ 0.09	$ 0.05
Diluted income per share (in dollars per share)	0.09	0.05
Dividends declared per share of common stock (in dollars per share)	$ 0.06	$ 0.06