COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Mortgage Loans (Details)		12 Months Ended
		Dec. 31, 2023 USD ($) mortgageLoan		Dec. 31, 2022 USD ($) mortgageLoan		Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses		$ (6,059,006)	[1]	$ (4,258,668)	[1]	$ 0
Weighted average, floating rate loan, percentage (percent)				77.40%
One Month LIBOR Rate (percent)				4.18%
One Month SOFR Rate (percent)		5.33%		4.19%
Weighted average LIBOR floor rate (percent)		$ 0.0038
Weighted average SOFR floor rate (percent)				0.27%
Weighted average floating rate (as a percent)		100.00%
Weighted average SOFR rate (as a percent)				22.60%
Commercial mortgage loans held-for-investment, at amortized cost	[1]	$ 1,383,881,197		$ 1,071,889,518
Commercial Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance		1,397,385,160		1,076,865,099
Carrying Value		1,389,940,203		1,076,148,186
Carrying value, net		$ 1,383,881,197		$ 1,071,889,518
Loan Count | mortgageLoan		88		71
Weighted average, floating rate loan, percentage (percent)				100.00%
Weighted average coupon rate, percentage (as a percent)		8.90%		7.60%
Weighted average, life (years)		2 years 10 months 24 days		3 years 6 months
Unaccreted purchase discounts		$ (7,000,863)		$ 0
Commercial mortgage loans held-for-investment, at amortized cost		1,383,881,197		1,071,889,518		$ 1,001,825,294
Outstanding senior secured loans from loan participants		8,603,886		75,378,115
Commercial Real Estate Portfolio Segment | Hunt CMT
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial mortgage loans held-for-investment, at amortized cost		$ 1,375,277,312		$ 996,511,403

[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 December 31, 2023 and December 31, 2022, assets of the consolidated VIEs totaled $1,384,136,334 and $1,005,507,371, respectively and the liabilities of consolidated VIEs totaled $1,150,207,290 and $831,575,144, respectively. See Note 4 for further discussion.