COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) - USD ($)		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period	[1]	$ 6,059,006
Provision (reversal of) credit losses		1,757,456	$ (179,684)
Allowance for credit losses at end of period	[1]	7,816,462
Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		43,647
Allowance for credit losses at end of period		63,064
Commercial Loans Held-For-Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		6,059,006	4,258,668
Provision (reversal of) credit losses		1,757,456	(178,970)
Charge offs		0	(4,271,672)
Allowance for credit losses at end of period		7,816,462	3,357,527
Commercial Loans Held-For-Investment | Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		43,647	0
Provision (reversal of) credit losses		19,417	(714)
Charge offs		0	0
Allowance for credit losses at end of period		63,064	41,225
Transition adjustment | Accounting Standards Update 2016-13 | Commercial Loans Held-For-Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		0	3,549,501
Transition adjustment | Accounting Standards Update 2016-13 | Commercial Loans Held-For-Investment | Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		$ 0	$ 41,939

[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.