COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Allowance for Loan Losses (Details) - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	[1]	$ 9,193,174	$ 6,059,006
Unfunded loan commitments		86,055	43,647
Total allowance for credit losses		9,279,229	6,102,653
Total unpaid principal balance		1,201,753,001	1,397,385,160
General Reserve
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment		8,311,929	6,059,006
Unfunded loan commitments		86,055	43,647
Total allowance for credit losses		8,397,984	6,102,653
Total unpaid principal balance		1,117,636,821	1,397,385,160
Specific Reserve
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment		881,245	0
Unfunded loan commitments		0	0
Total allowance for credit losses		881,245	0
Total unpaid principal balance		$ 84,116,180	$ 0

[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.