Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income:
Commercial mortgage loans held-for-investment	$ 29,837,154	$ 21,818,608	$ 64,627,272	$ 43,763,269
Cash and cash equivalents	801,641	827,443	1,453,044	1,089,108
Interest expense:
Collateralized loan obligations and secured financings	(20,178,657)	(14,199,861)	(41,690,411)	(27,232,907)
Secured term loan	(937,211)	(937,210)	(1,874,421)	(1,864,122)
Net interest income	9,522,927	7,508,980	22,515,484	15,755,348
Expenses:
Management and incentive fees	1,812,741	1,093,374	4,380,948	2,180,636
General and administrative expenses	1,130,948	882,723	2,265,084	1,830,789
Operating expenses reimbursable to Manager	404,907	577,666	875,074	1,087,652
Other operating expenses	21,458	1,809,700	57,938	1,874,284
Compensation expense	163,750	61,586	222,500	123,694
Total expenses	3,533,804	4,425,049	7,801,544	7,097,055
Other income and expense:
Provision for credit losses, net	(1,399,703)	(555,083)	(3,176,576)	(375,399)
Change in unrealized (loss) gain on mortgage servicing rights	(10,274)	206	(5,647)	(48,923)
Servicing income, net	18,270	45,396	56,773	96,924
Total other income and expense	(1,391,707)	(509,481)	(3,125,450)	(327,398)
Net income before provision for income taxes	4,597,416	2,574,450	11,588,490	8,330,895
Benefit from (provision for) income taxes	1,030	(223)	(9,862)	10,023
Net income	4,598,446	2,574,227	11,578,628	8,340,918
Dividends accrued to preferred stockholders	(1,185,001)	(1,185,042)	(2,370,000)	(2,370,000)
Net income attributable to common stockholders	3,413,445	1,389,185	9,208,628	5,970,918
Earnings per share:
Net income attributable to common stockholders (basic)	3,413,445	1,389,185	9,208,628	5,970,918
Net income attributable to common stockholders (diluted)	$ 3,413,445	$ 1,389,185	$ 9,208,628	$ 5,970,918
Weighted average number of shares of common stock outstanding (in shares)	52,266,174	52,231,152	52,257,737	52,231,152
Basic income per share (in dollars per share)	$ 0.07	$ 0.03	$ 0.18	$ 0.11
Diluted income per share (in dollars per share)	0.07	0.03	0.18	0.11
Dividends declared per share of common stock (in dollars per share)	$ 0.08	$ 0.06	$ 0.15	$ 0.12