Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Interest income:
Commercial mortgage loans held-for-investment	$ 119,400,799	$ 106,821,510
Cash and cash equivalents	2,728,098	2,372,488
Interest expense:
Collateralized loan obligations	(77,002,847)	(71,041,861)
Secured term loan	(3,769,441)	(3,759,141)
Net interest income	41,356,609	34,392,996
Expenses:
Management and incentive fees	6,630,571	4,335,904
General and administrative expenses	4,398,409	3,620,589
Operating expenses reimbursable to Manager	1,799,570	1,897,699
Other operating expenses	234,483	2,158,488
Compensation expense	445,000	241,194
Total expenses	13,508,033	12,253,874
Other income (loss):
Provision for credit losses	(5,275,122)	(2,524,216)
Change in unrealized (loss) on mortgage servicing rights	(42,686)	(103,684)
Servicing income, net	137,230	208,997
Total other (loss)	(5,180,578)	(2,418,903)
Net income before provision for income taxes	22,667,998	19,720,219
(Provision for) income taxes	(18,808)	(5,723)
Net income	22,649,190	19,714,496
Dividends to preferred stockholders	(4,740,000)	(4,740,000)
Net income attributable to common stockholders (basic and diluted)	17,909,190	14,974,496
Earnings per share:
Net income attributable to common stockholders (basic)	17,909,190	14,974,496
Net income attributable to common stockholders (diluted)	$ 17,909,190	$ 14,974,496
Weighted average number of shares of common stock outstanding (in shares)	52,274,904	52,231,296
Basic income per share (in dollars per share)	$ 0.34	$ 0.29
Diluted income per share (in dollars per share)	0.34	0.29
Dividends declared per weighted average share of common stock (in dollars per share)	$ 0.40	$ 0.26