COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Additional Information (Details)			1 Months Ended	3 Months Ended		6 Months Ended	12 Months Ended
		Nov. 25, 2023 USD ($)	Feb. 28, 2023 USD ($)	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale of loans			$ 6,000,000
Reserve for impaired loan					$ 4,300,000			$ 4,300,000
Allowance for credit loss	[1]					$ 9,193,174	$ 6,059,006
Commercial Real Estate Portfolio Segment | Risk rating, 5
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transition of commercial loans held for sale to a risk rating two steps higher						$ 66,900,000
Office Building
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired unpaid principal value			$ 10,300,000
Multifamily | LFT CRE 2021-FL1, Ltd.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from collection of finance receivables							3,600,000
Multifamily | Risk rating, 5 | LFT CRE 2021-FL1, Ltd.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, nonaccrual, interest income							$ 500,000
Multifamily | Columbus Ohio | Commercial Real Estate Portfolio Segment | Risk rating, 5
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of impaired office loans | loan							1
Transition of commercial loans held for sale to a risk rating two steps higher							$ 12,800,000
Financing receivable, loan in process							$ 8,900,000
Insurance recoveries		$ 5,000,000		$ 13,500,000
Insurance recoveries applied to carrying value		3,100,000
Insurance recoveries applied to tenant settlement payable		$ 1,900,000
Multifamily | Virginia | Commercial Real Estate Portfolio Segment | Risk rating, 5
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of impaired office loans | loan							1
Transition of commercial loans held for sale to a risk rating two steps higher							$ 36,800,000

[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.