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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT Summary of Commercial Loan Risk Ratings (Details)
12 Months Ended
Dec. 31, 2023
USD ($)
mortgageLoan
Dec. 31, 2022
USD ($)
mortgageLoan
Financing Receivable, Recorded Investment [Line Items]    
Commercial mortgage loans held-for-investment, at amortized cost [1] $ 1,389,940,203 $ 1,076,148,186
Average risk rate 3.5 3.0
Purchases and advances $ 594,201,680 $ 345,921,827
Commercial Real Estate Portfolio Segment    
Financing Receivable, Recorded Investment [Line Items]    
Number of Loans | mortgageLoan 88 71
Commercial mortgage loans held-for-investment, at amortized cost $ 1,397,385,160 $ 1,076,865,099
Year 1 17,887,019 201,852,224
Year 2 621,862,219 785,619,407
Year 3 707,350,371  
Year 4   42,077,193
Year 5 36,781,588 22,672,623
Before year 5   19,668,071
Purchases and advances $ 594,201,680 $ 345,158,577
Commercial Real Estate Portfolio Segment | Risk Rating, 1    
Financing Receivable, Recorded Investment [Line Items]    
Number of Loans | mortgageLoan 0 0
Commercial mortgage loans held-for-investment, at amortized cost $ 0 $ 0
Year 1 0 0
Year 2 0 0
Year 3 0  
Year 4   0
Year 5 $ 0 0
Before year 5   $ 0
Commercial Real Estate Portfolio Segment | Risk Rating, 2    
Financing Receivable, Recorded Investment [Line Items]    
Number of Loans | mortgageLoan 3 11
Commercial mortgage loans held-for-investment, at amortized cost $ 37,720,000 $ 153,933,750
Year 1 0 85,198,084
Year 2 37,276,159 67,999,500
Year 3 0  
Year 4   0
Year 5 0 0
Before year 5   $ 0
Commercial loans that paid off 41,200,000  
Purchases and advances 7,000,000  
Transition of commercial loans held for sale to a lower risk rating $ 169,900,000  
Commercial Real Estate Portfolio Segment | Risk Rating, 3    
Financing Receivable, Recorded Investment [Line Items]    
Number of Loans | mortgageLoan 67 55
Commercial mortgage loans held-for-investment, at amortized cost $ 1,019,844,272 $ 852,474,681
Year 1 17,887,019 101,654,140
Year 2 449,921,414 672,421,907
Year 3 542,010,684  
Year 4   42,077,193
Year 5 $ 0 16,672,623
Before year 5   $ 19,668,071
Average risk rating, percentage 75.70% 93.80%
Commercial loans that paid off $ 192,600,000  
Purchases and advances 475,500,000  
Transition of commercial loans held for sale to a higher risk rating 82,100,000  
Transition of commercial loans held for sale to a lower risk rating $ 9,100,000  
Commercial Real Estate Portfolio Segment | Risk Rating, 4    
Financing Receivable, Recorded Investment [Line Items]    
Number of Loans | mortgageLoan 16 3
Commercial mortgage loans held-for-investment, at amortized cost $ 294,150,124 $ 47,448,000
Year 1 0 15,000,000
Year 2 134,664,646 32,448,000
Year 3 156,450,510  
Year 4   0
Year 5 0 0
Before year 5   $ 0
Commercial loans that paid off 14,100,000  
Purchases and advances $ 85,900,000  
Commercial Real Estate Portfolio Segment | Risk Rating, 5    
Financing Receivable, Recorded Investment [Line Items]    
Number of Loans | mortgageLoan 2 2
Commercial mortgage loans held-for-investment, at amortized cost $ 45,670,764 $ 23,008,668
Year 1 0 0
Year 2 0 12,750,000
Year 3 8,889,177  
Year 4   0
Year 5 36,781,588 6,000,000
Before year 5   $ 0
Transition of commercial loans held for sale to a risk rating two steps higher $ 36,800,000  
[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.