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Consolidated Balance Sheets (Parenthetical) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Variable Interest Entity [Line Items]    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 50,000,000 50,000,000
Preferred stock, dividend rate, percentage 7.875% 7.875%
Preferred stock, aggregate liquidation preference $ 60,000,000 $ 60,000,000
Preferred stock, shares issued (in shares) 2,400,000 2,400,000
Preferred stock, shares outstanding (in shares) 2,400,000 2,400,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 450,000,000 450,000,000
Common stock, shares issued (in shares) 52,257,315 52,248,631
Common stock, shares outstanding (in shares) 52,257,315 52,248,631
Total [1] $ 1,378,191,925 $ 1,446,932,447
Liabilities [1] 1,135,256,623 1,206,140,067
Allowance for credit loss [1] 7,816,462 6,059,006
Unfunded Loan Commitment    
Variable Interest Entity [Line Items]    
Allowance for credit loss 63,064 43,647
Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd.    
Variable Interest Entity [Line Items]    
Total 1,311,421,901 1,384,136,334
Liabilities $ 1,079,644,656 $ 1,150,207,290
[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 March 31, 2024 and December 31, 2023, assets of consolidated VIEs totaled $1,311,421,901 and $1,384,136,334, respectively and the liabilities of consolidated VIEs totaled $1,079,644,656 and $1,150,207,290 respectively. See Note 4 for further discussion.