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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Allowance for Loan Losses (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period [1]     $ 4,258,668  
Provision (reversal of) credit losses $ 555,083 $ 351,914 375,399 $ 351,914
Allowance for credit losses at end of period [1] 3,897,895   3,897,895  
Commercial Loans Held-For-Investment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period 3,357,527 0 4,258,668 0
Provision (reversal of) credit losses 540,368 0 361,399 0
Charge offs 0 0 (4,271,673)
Allowance for credit losses at end of period 3,897,895 0 3,897,895 0
Commercial Loans Held-For-Investment | Unfunded Loan Commitment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period 41,225 0 0 0
Provision (reversal of) credit losses 14,716 0 14,002 0
Charge offs 0 0 0 0
Allowance for credit losses at end of period 55,941 0 55,941 0
Transition adjustment | Accounting Standards Update 2016-13 | Commercial Loans Held-For-Investment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period 0 0 3,549,501
Transition adjustment | Accounting Standards Update 2016-13 | Commercial Loans Held-For-Investment | Unfunded Loan Commitment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period $ 0 $ 0 $ 41,939 $ 0
[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.