USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Variable Interest Entity [Line Items]
Net interest income	$ 7,508,980	$ 6,416,584	$ 15,755,348	$ 11,503,622
Provision for credit losses	(555,083)	(351,914)	(375,399)	(351,914)
General and administrative fees	(882,723)	(960,420)	(1,830,789)	(1,813,152)
LFT CRE 2021-FL1, Ltd., Hunt Cre 2017-FL1, Ltd, and Hunt Cre 2018-FL2, Ltd.
Variable Interest Entity [Line Items]
Interest income	21,530,481	11,734,126	42,328,890	21,546,569
Interest expense	(14,199,861)	(5,284,890)	(27,232,907)	(9,289,128)
Net interest income	7,330,620	6,449,236	15,095,983	12,257,441
Provision for credit losses	(522,003)	(351,914)	(507,787)	(351,914)
General and administrative fees	(181,894)	(177,845)	(325,243)	(324,367)
Net income	$ 6,626,723	$ 5,919,477	$ 14,262,953	$ 11,581,160