COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Mortgage Loans (Details)		6 Months Ended		12 Months Ended
		Jun. 30, 2024 USD ($) mortgageLoan		Dec. 31, 2023 USD ($) mortgageLoan		Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	[1]	$ (9,193,174)		$ (6,059,006)
One month SOFR rate ( as a percent)		5.33%		5.33%
Weighted average LIBOR floor rate (as a percent)		0.42%		0.38%
Weighted average floating rate		100.00%		100.00%
Commercial mortgage loans held-for-investment, net of allowance for credit losses		$ 1,186,653,339	[1]	$ 1,383,881,197	[1]	$ 1,071,889,518
Commercial Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance		1,201,753,001		1,397,385,160
Carrying Value		1,195,846,513		1,389,940,203
Carrying value, net		$ 1,186,653,339		$ 1,383,881,197
Loan Count | mortgageLoan		78		88
Financing receivable, floating rate (as a percent)		100.00%		100.00%
Coupon		8.90%		8.90%
Term (Years)		2 years 7 months 6 days		2 years 10 months 24 days
Unaccreted purchase discounts		$ (5,577,040)		$ (7,000,863)
Commercial mortgage loans held-for-investment, net of allowance for credit losses		$ 1,186,653,339		1,383,881,197
Outstanding senior secured loans from loan participations				8,603,886
Commercial Real Estate Portfolio Segment | Hunt CMT
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial mortgage loans held-for-investment, net of allowance for credit losses				$ 1,375,277,312

[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 June 30, 2024 and December 31, 2023, assets of consolidated VIEs totaled $1,229,092,297 and $1,384,136,334, respectively and the liabilities of consolidated VIEs totaled $999,192,658 and $1,150,207,290 respectively. See Note 4 for further discussion.