USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Variable Interest Entity [Line Items]
Net interest income	$ 9,544,365	$ 5,483,130	$ 25,299,713	$ 16,986,752
Provision for credit losses	(791,563)	(1,521,023)	(1,166,962)	(1,872,937)
General and administrative fees	(861,447)	(851,528)	(2,692,236)	(2,664,680)
LFT CRE 2021-FL1, Ltd., Hunt Cre 2017-FL1, Ltd, and Hunt Cre 2018-FL2, Ltd.
Variable Interest Entity [Line Items]
Interest income	30,984,016	13,907,856	73,312,906	35,454,425
Interest expense	(21,364,918)	(8,317,893)	(48,597,825)	(17,607,021)
Net interest income	9,619,098	5,589,963	24,715,081	17,847,404
Provision for credit losses	(895,228)	351,914	(1,403,015)	0
General and administrative fees	(201,928)	(145,418)	(527,171)	(469,785)
Net income	$ 8,521,942	$ 5,796,459	$ 22,784,895	$ 17,377,619