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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Commercial Mortgage Loans Held-for-Investment        
Balance at December 31, 2022 [1]     $ 1,071,889,518  
Purchases, advances and originations     72,630,053 $ 222,142,167
Principal payments     (123,583,470) (171,007,115)
Accretion of purchase discount     1,196 125,098
Amortization of purchase premium     (10,687) (50,522)
Accretion of deferred loan fees     129,300 0
Provision for credit losses, net $ (555,083) $ (351,914) (375,399) $ (351,914)
Balance at June 30, 2023 [1] 1,017,145,010   1,017,145,010  
Commercial Real Estate Portfolio Segment        
Commercial Mortgage Loans Held-for-Investment        
Balance at December 31, 2022     1,071,889,518  
Purchases, advances and originations     72,630,053  
Principal payments     (123,583,470)  
Accretion of purchase discount     1,196  
Amortization of purchase premium     (10,687)  
Accretion of deferred loan fees     129,300  
Provision for credit losses, net     (361,399)  
Balance at June 30, 2023 $ 1,017,145,010   1,017,145,010  
Commercial Real Estate Portfolio Segment | Minimum | Accounting Standards Update 2016-13        
Commercial Mortgage Loans Held-for-Investment        
Balance at December 31, 2022     $ (3,549,501)  
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of June 30, 2023 and December 31, 2022, assets of consolidated VIEs totaled $1,001,991,708 and $1,005,507,371, respectively and the liabilities of consolidated VIEs totaled $833,019,750 and $831,575,144 respectively. See Note 4 for further discussion.