SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)		3 Months Ended	12 Months Ended
	May 05, 2021 shares	Jun. 30, 2024 USD ($)	Dec. 31, 2024 USD ($) sub-servicer loan $ / shares shares		Dec. 31, 2023 USD ($) $ / shares shares		Mar. 31, 2023 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)	Feb. 14, 2019 USD ($)	Jan. 15, 2019 USD ($)	Dec. 15, 2015 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Accumulated earnings | $			$ 70,023,098	[1]	$ 47,373,908	[1]			$ 31,250,852
Number of commercial real estate loans included in loan performance analytical model | loan			125,000
Number of sub-servers | sub-servicer			2
Principal amount | $			$ 47,750,000		$ 47,750,000
Common stock, shares authorized (in shares)			450,000,000		450,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.01		$ 0.01
Common stock, shares issued (in shares)			52,309,209		52,248,631
Common stock, shares outstanding (in shares)			52,309,209		52,248,631
Stock repurchase program, authorized amount | $												$ 10,000,000
Preferred stock, shares authorized (in shares)			50,000,000		50,000,000
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01		$ 0.01
Preferred stock, shares issued (in shares)			2,400,000		2,400,000
Preferred stock, dividend rate (percentage)			7.875%		7.875%
Preferred stock, shares outstanding (in shares)			2,400,000		2,400,000
Redeemable Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Preferred stock, shares authorized (in shares)			50,000,000		50,000,000
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01		$ 0.01
Preferred stock, shares issued (in shares)	2,400,000		2,400,000		2,400,000
Preferred stock, dividend rate (percentage)	7.875%
Preferred stock, shares outstanding (in shares)			2,400,000		2,400,000
Delayed Draw Facility | Credit Agreement
Debt and Equity Securities, FV-NI [Line Items]
Principal amount | $			$ 47,750,000							$ 40,250,000	$ 40,250,000
Minimum | REO Assets Held-for-Use
Debt and Equity Securities, FV-NI [Line Items]
Estimated useful life			7 years
Maximum | REO Assets Held-for-Use
Debt and Equity Securities, FV-NI [Line Items]
Estimated useful life			39 years
Accounting Standards Update 2016-13
Debt and Equity Securities, FV-NI [Line Items]
Accumulated earnings | $							$ 3,600,000	$ (3,600,000)
Other Operating Expenses
Debt and Equity Securities, FV-NI [Line Items]
Reclassification of deferred financing costs of other assets to other operating expenses | $		$ 1,684,618
Collateralized Loan Obligations
Debt and Equity Securities, FV-NI [Line Items]
Maximum exposure to loss from consolidated trusts | $			$ 234,850,000		$ 234,850,000

[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 December 31, 2024 and December 31, 2023, assets of the consolidated VIEs totaled $1,058,138,406 and $1,384,136,334, respectively and the liabilities of consolidated VIEs totaled $831,001,605 and $1,150,207,290, respectively. See Note 4 for further discussion.