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COMMERCIAL MORTGAGE LOAN HELD-FOR-INVESTMENT - Allowance for Loan Losses (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans held for investment $ 11,320,220 [1] $ 6,059,006 [1] $ 4,258,668
Unfunded loan commitments 57,554 43,647  
Total allowance for credit losses 11,377,774 6,102,653  
Total unpaid principal balance 1,065,563,646 1,397,385,160  
General Reserve      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans held for investment 7,544,969 6,059,006  
Unfunded loan commitments 57,554 43,647  
Total allowance for credit losses 7,602,523 6,102,653  
Total unpaid principal balance 967,303,719 1,397,385,160  
Specific Reserve      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans held for investment 3,775,251 0  
Unfunded loan commitments 0 0  
Total allowance for credit losses 3,775,251 0  
Total unpaid principal balance $ 98,259,927 $ 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 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.