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Consolidated Balance Sheets (Parenthetical) - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Variable Interest Entity [Line Items]    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 50,000,000 50,000,000
Preferred stock, dividend rate, percentage 7.875% 7.875%
Preferred stock, aggregate liquidation preference $ 60,000,000 $ 60,000,000
Preferred stock, shares issued (in shares) 2,400,000 2,400,000
Preferred stock, shares outstanding (in shares) 2,400,000 2,400,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 450,000,000 450,000,000
Common stock, shares issued (in shares) 52,231,152 52,231,152
Common stock, shares outstanding (in shares) 52,231,152 52,231,152
Total [1] $ 1,443,331,848 $ 1,127,965,537
Liabilities [1] 1,202,736,501 884,964,040
Unfunded Loan Commitment    
Variable Interest Entity [Line Items]    
Allowance for credit loss 35,480 0
Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd.    
Variable Interest Entity [Line Items]    
Total 1,384,961,307 1,005,507,371
Liabilities $ 1,149,063,668 $ 831,575,144
[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 September 30, 2023 and December 31, 2022, assets of consolidated VIEs totaled $1,384,961,307 and $1,005,507,371, respectively and the liabilities of consolidated VIEs totaled $1,149,063,668 and $831,575,144 respectively. See Note 4 for further discussion.