RELATED PARTY TRANSACTIONS - Additional Information (Details)			3 Months Ended
	Feb. 22, 2022 $ / shares shares	Jan. 03, 2020	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($) loan shares
Related Party Transaction [Line Items]
Annual management fee (percentage)			1.50%
Quarterly management fee percentage (as a percent)			0.375%
Management fee expense			$ 1,087,262	$ 924,617
Management fee payable			1,086,000	929,000
Incentive fees			0	0
Reimbursable expenses			509,986	390,710
Reimbursable expenses payable			$ 518,000	395,000
Reduction to reimbursable expenses as a percentage of exit fees waived (percent)			50.00%
Reimbursable expenses waived			$ 0	603,317
Reimbursable expense reduction				$ 301,659
Common Stock
Related Party Transaction [Line Items]
Issuance of common stock (in shares) | shares	27,277,269			27,277,269
Common stock, shares issued (in dollars per share) | $ / shares	$ 3.06
Restricted Stock Units (RSUs)
Related Party Transaction [Line Items]
Compensation expense			$ 3,358	$ 4,638
Manager Equity Plan
Related Party Transaction [Line Items]
Maximum shares issued, percentage of issued and outstanding shares of common stock (as a percent)			3.00%
Manager Equity Plan | Restricted Stock Units (RSUs)
Related Party Transaction [Line Items]
Unrecognized compensation expense			$ 2,836	$ 3,917
Weighted average period for compensation expense not yet recognized			2 months 15 days
Hunt Investment Management, LLC
Related Party Transaction [Line Items]
Quarterly incentive fee percentage (as a percent)		20.00%
Hurdle rate percentage (as a percent)		8.00%
Length of renewal terms		1 year
Lument Structured Finance | LFT CRE 2021-FL1, Ltd.
Related Party Transaction [Line Items]
Number of loans purchased | loan				8
Unpaid principal balance of purchased loans				$ 108,900,000
Lument Structured Finance | Lument Commercial Mortgage Trust
Related Party Transaction [Line Items]
Number of loans purchased | loan				6
Unpaid principal balance of purchased loans				$ 76,000,000.0
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