FAIR VALUE - Fair Value Information on Financial Instruments (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 51,247,063	$ 43,858,515
Restricted cash	[1]	270,129	3,507,850
Total	[1]	1,446,932,447	1,127,965,537
Collateralized loan obligations, net	[1]	1,146,210,752	829,310,498
Secured term loan	[1]	47,220,226	46,971,042
Total liabilities	[1]	1,206,140,067	884,964,040
Principal Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		51,247,063	43,858,515
Restricted cash		270,129	3,507,850
Commercial mortgage loans held-for-investment		1,397,385,160	1,076,865,099
Total		1,448,902,352	1,124,231,464
Collateralized loan obligations, net		1,151,450,000	833,750,000
Secured term loan		47,750,000	47,750,000
Total liabilities		1,199,200,000	881,500,000
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents			43,858,515
Restricted cash		270,129	3,507,850
Commercial mortgage loans held-for-investment			1,071,889,518
Total		1,435,398,389	1,119,255,883
Collateralized loan obligations, net			829,310,498
Secured term loan			46,971,042
Total liabilities		1,193,430,978	876,281,540
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		51,247,063	43,858,515
Restricted cash		270,129	3,507,850
Commercial mortgage loans held-for-investment		1,388,355,730	1,064,407,588
Total		1,439,872,922	1,111,773,953
Collateralized loan obligations, net		1,128,250,991	803,308,375
Secured term loan		46,191,524	44,563,236
Total liabilities		$ 1,174,442,515	$ 847,871,611

[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.