USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Balance Sheets (Details) - USD ($)		Mar. 31, 2024		Dec. 31, 2023		Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash, cash equivalents and restricted cash		$ 64,645,554		$ 51,517,192		$ 100,518,930	$ 47,366,365
Accrued interest receivable	[1]	8,463,278		8,588,805
Investment related receivable	[1]	17,320,000		0
Loans held for investment, net of allowance for credit losses		1,285,478,916	[1]	1,383,881,197	[1]		1,071,889,518
Total assets	[1]	1,378,191,925		1,446,932,447
LIABILITIES
Accrued interest payable	[1]	3,850,616		4,092,701
Collateralized loan obligations and secured financings	[1]	1,075,890,203		1,146,210,752
Total liabilities	[1]	1,135,256,623		1,206,140,067
Equity		242,935,302	[1]	240,792,380	[1]	$ 240,847,239	$ 243,001,497
Total liabilities and equity	[1]	1,378,191,925		1,446,932,447
2021-FL1 CLO and LMF 2023-1
ASSETS
Cash, cash equivalents and restricted cash		72,845		270,217
Other receivable		61,734		0
Accrued interest receivable		8,248,978		8,588,805
Investment related receivable		17,320,000		0
Loans held for investment, net of allowance for credit losses		1,285,718,344		1,375,277,312
Total assets		1,311,421,901		1,384,136,334
LIABILITIES
Accrued interest payable		3,754,453		3,996,538
Collateralized loan obligations and secured financings		1,075,890,203		1,146,210,752
Total liabilities		1,079,644,656		1,150,207,290
Equity		231,777,245		233,929,044
Total liabilities and equity		$ 1,311,421,901		$ 1,384,136,334

[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.