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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Commercial Mortgage Loans Held-for-Investment        
Balance at December 31, 2022 [1]     $ 1,071,889,518  
Purchases, advances and originations     517,608,525 $ 269,596,827
Principal payments     (203,425,029) (247,335,751)
Accretion of purchase discount     431,009 125,098
Amortization of purchase premium     (16,201) (55,804)
Accretion of deferred loan fees     195,022 0
Provision for credit losses, net $ (791,563) $ (1,521,023) (1,166,962) $ (1,872,937)
Balance at September 30, 2023 [1] 1,350,831,756   1,350,831,756  
Commercial Real Estate Portfolio Segment        
Commercial Mortgage Loans Held-for-Investment        
Balance at December 31, 2022     1,071,889,518  
Purchases, advances and originations     517,608,525  
Principal payments     (234,559,887)  
Accretion of purchase discount     431,009  
Amortization of purchase premium     (16,201)  
Accretion of deferred loan fees     195,022  
Provision for credit losses, net     (1,166,729)  
Balance at September 30, 2023 $ 1,350,831,756   1,350,831,756  
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 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.