Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income:
Commercial mortgage loans held-for-investment	$ 31,067,350	$ 14,743,563	$ 74,830,619	$ 37,386,399
Cash and cash equivalents	789,442	4,969	1,878,550	14,736
Interest expense:
Collateralized loan obligations and secured financings	(21,364,918)	(8,317,893)	(48,597,825)	(17,607,021)
Secured term loan	(947,509)	(947,509)	(2,811,631)	(2,807,362)
Net interest income	9,544,365	5,483,130	25,299,713	16,986,752
Expenses:
Management and incentive fees	1,072,569	1,096,144	3,253,205	3,111,413
General and administrative expenses	861,447	851,528	2,692,236	2,664,680
Operating expenses reimbursable to Manager	284,859	555,307	1,372,511	1,594,662
Other operating expenses	168,062	83,574	2,042,346	237,572
Compensation expense	58,750	73,016	182,444	178,797
Total expenses	2,445,687	2,659,569	9,542,742	7,787,124
Other income and expense:
Provision for credit losses, net	(791,563)	(1,521,023)	(1,166,962)	(1,872,937)
Change in unrealized (loss) gain on mortgage servicing rights	1,573	37,312	(47,350)	265,910
Servicing income, net	70,842	62,451	167,766	185,685
Total other income and expense	(719,148)	(1,421,260)	(1,046,546)	(1,421,342)
Net income before provision for income taxes	6,379,530	1,402,301	14,710,425	7,778,286
Benefit from (provision for) income taxes	(19,803)	97,974	(9,780)	20,640
Net income	6,359,727	1,500,275	14,700,645	7,798,926
Dividends accrued to preferred stockholders	(1,185,042)	(1,185,042)	(3,555,042)	(3,555,042)
Net income attributable to common stockholders	5,174,685	315,233	11,145,603	4,243,884
Earnings per share:
Net income attributable to common stockholders (basic)	5,174,685	315,233	11,145,603	4,243,884
Net income attributable to common stockholders (diluted)	$ 5,174,685	$ 315,233	$ 11,145,603	$ 4,243,884
Weighted average number of shares of common stock outstanding (in shares)	52,231,152	52,231,152	52,231,152	47,031,833
Basic income per share (in dollars per share)	$ 0.10	$ 0.01	$ 0.21	$ 0.09
Diluted income per share (in dollars per share)	0.10	0.01	0.21	0.09
Dividends declared per share of common stock (in dollars per share)	$ 0.07	$ 0.06	$ 0.19	$ 0.18