COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period	[1]			$ 6,059,006
Provision for credit losses				3,134,168	$ 375,399
Allowance for credit losses at end of period	[1]	$ 9,193,174		9,193,174
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		86,055		86,055
Commercial Loans Held-For-Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		7,816,462	$ 3,357,527	6,059,006	4,258,668
Provision for credit losses		1,376,712	540,368	3,134,168	361,399
Charge offs		0	0	0	(4,271,673)
Allowance for credit losses at end of period		9,193,174	3,897,895	9,193,174	3,897,895
Commercial Loans Held-For-Investment | Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		63,064	41,225	43,647	0
Provision for credit losses		22,991	14,716	42,408	14,002
Allowance for credit losses at end of period		86,055	55,941	86,055	55,941
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	0	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	$ 0	$ 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 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.