RELATED PARTY TRANSACTIONS - Narrative (Details)			12 Months Ended
	Feb. 22, 2022 $ / shares shares	Jan. 03, 2020	Dec. 31, 2023 USD ($) loan contract shares	Dec. 31, 2022 USD ($) loan shares
Related Party Transaction [Line Items]
Annual management fee (percentage)			1.50%
Quarterly management fee (percentage)			0.375%
Operating expenses reimbursable to Manager			$ 1,897,699	$ 2,116,636
Waived exit fees , (Percent)			1.00%
Common Stock
Related Party Transaction [Line Items]
Issuance of common stock (in shares) | shares	27,277,679		17,479	27,283,269
Common stock, shares issued (in dollars per share) | $ / shares	$ 3.06
Restricted Stock Units (RSUs)
Related Party Transaction [Line Items]
Compensation expense			$ 6,194	$ 15,980
Manager Equity Plan
Related Party Transaction [Line Items]
Maximum shares issued, percentage of issued and outstanding shares of common stock (percentage)			3.00%
Manager Equity Plan | Restricted Stock Units (RSUs)
Related Party Transaction [Line Items]
Unrecognized compensation expense				6,194
Affiliated Entity
Related Party Transaction [Line Items]
Management fees			$ 4,335,904	4,197,819
Management fee payable			1,080,000	1,089,000
Incentive fee expense			0	0
Operating expenses reimbursable to Manager			1,897,699	2,116,636
Reimbursable expenses payable			$ 507,875	517,333
Reduction to reimbursable expenses as a percentage of exit fees waived (percent)			50.00%
Reimbursable operating expense waived			$ 959,930	1,241,657
Reimbursable operating expense reduction			$ 479,965	$ 620,829
Affiliated Entity | Common Stock
Related Party Transaction [Line Items]
Issuance of common stock (in shares) | shares	3,524,851
Common stock, shares issued (in dollars per share) | $ / shares	$ 3.06
Hunt Investment Management, LLC | Affiliated Entity
Related Party Transaction [Line Items]
Quarterly incentive fee (percentage)		20.00%
Hurdle rate (percentage)		8.00%
Length of renewal terms		1 year
Lument Structured Finance | Affiliated Entity | Hunt CRE 2018-FL2, Ltd.
Related Party Transaction [Line Items]
Number of loans purchased | loan				23
Payments to acquire finance receivables				$ 269,500,000
Lument Structured Finance | Affiliated Entity | Loan Purchase One | LFT CRE 2021-FL1, Ltd.
Related Party Transaction [Line Items]
Number of loans purchased | contract			8
Payments to acquire finance receivables			$ 121,500,000
Lument Structured Finance | Affiliated Entity | Loan Purchase Two | 2021-FL1 CLO
Related Party Transaction [Line Items]
Number of loans purchased | loan			31
Payments to acquire finance receivables			$ 459,200,000
Discount to payments to acquire finance receivables			$ 7,900,000
Lument Structured Finance | Affiliated Entity | Loan Purchase Three | 2021-FL1 CLO
Related Party Transaction [Line Items]
Number of loans purchased | loan			3
Payments to acquire finance receivables			$ 5,700,000
Lument Structured Finance | Affiliated Entity | Loan Purchase Four | 2021-FL1 CLO
Related Party Transaction [Line Items]
Number of loans purchased | loan			18
Payments to acquire finance receivables			$ 26,000,000
Discount to payments to acquire finance receivables			300,000
OREC Investment Holdings | Affiliated Entity | Common Stock
Related Party Transaction [Line Items]
Issuance of common stock (in shares) | shares	13,071,895
Common stock, shares issued (in dollars per share) | $ / shares	$ 3.06
Lument IM | LMF 2023-1 Financing
Related Party Transaction [Line Items]
Debt issuance costs			$ 1,100,000