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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance $ 1,383,881,197 [1] $ 1,071,889,518
Principal payments (162,272,158) (123,583,470)
Accretion of purchase discount 1,423,822 1,196
Accretion of deferred loan fees 114,645 129,300
Provision for credit losses (3,134,168) $ (375,399)
Ending Balance [1] 1,186,653,339  
Commercial Real Estate Portfolio Segment    
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance 1,383,881,197  
Principal payments (195,632,158)  
Accretion of purchase discount 1,423,823  
Accretion of deferred loan fees 114,645  
Provision for credit losses (3,134,168)  
Ending Balance $ 1,186,653,339  
[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.