USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Summary of Loan and Borrowing Characteristics (Details)		12 Months Ended
		Dec. 31, 2024 USD ($) instrument contract mortgageLoan	Dec. 31, 2023 USD ($) mortgageLoan contract instrument
Variable Interest Entity [Line Items]
Collateralized loan obligations, net	[1]	$ 828,390,189	$ 1,146,210,752
One Month SOFR Rate (percent)		4.51%	5.33%
Weighted average LIBOR floor rate (percent)		0.63%	0.38%
Spread rate		3.53%	3.54%
Basis spread on one-month LIBOR (percent)		2.26%	1.99%
30-Day SOFR
Variable Interest Entity [Line Items]
Floating rate		100.00%	100.00%
30-Day SOFR Rate		0.0440	0.0536
Commercial Real Estate Portfolio Segment
Variable Interest Entity [Line Items]
Number of Loans | mortgageLoan		65	88
Carrying Value		$ 1,060,123,298	$ 1,389,940,203
Net of purchase discounts		$ 3,466,214	$ 7,000,863
Floating rate		100.00%	100.00%
LFT CRE 2021-FL1, Ltd.
Variable Interest Entity [Line Items]
Number of notes issued | instrument		2
LFT CRE 2021-FL1, Ltd. | London Interbank Offered Rate (LIBOR)
Variable Interest Entity [Line Items]
Weighted average yield (percent)		8.08%
Weighted average yield (percent)		6.66%
LFT CRE 2021-FL1, Ltd. | Commercial Real Estate Portfolio Segment
Variable Interest Entity [Line Items]
Number of Loans | contract		65
Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd.
Variable Interest Entity [Line Items]
Number of notes issued | instrument			2
Collateralized loan obligations, net		$ 828,390,189	$ 1,146,210,752
Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. | London Interbank Offered Rate (LIBOR)
Variable Interest Entity [Line Items]
Weighted average yield (percent)			8.91%
Weighted average yield (percent)			7.35%
Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. | Commercial Real Estate Portfolio Segment
Variable Interest Entity [Line Items]
Number of Loans | contract			87
Principal Value
Variable Interest Entity [Line Items]
Collateralized loan obligations, net		830,698,696	$ 1,151,450,000
Principal Value | LFT CRE 2021-FL1, Ltd.
Variable Interest Entity [Line Items]
Carrying Value		1,065,563,646
Collateralized loan obligations, net		830,698,696
Net of purchase discounts		3,577,206	7,159,664
Allowance for credit loss		11,320,220	6,059,006
Principal Value | Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd.
Variable Interest Entity [Line Items]
Carrying Value			1,388,495,984
Collateralized loan obligations, net			1,151,450,000
Carrying Value
Variable Interest Entity [Line Items]
Collateralized loan obligations, net			1,146,210,752
Carrying Value | LFT CRE 2021-FL1, Ltd.
Variable Interest Entity [Line Items]
Carrying Value		1,049,886,009
Collateralized loan obligations, net		828,390,189
Debt issuance costs			1,911,547
Carrying Value | Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd.
Variable Interest Entity [Line Items]
Carrying Value			1,375,277,312
Collateralized loan obligations, net			1,146,210,752
Carrying Value | LMF 2023-1 Financing
Variable Interest Entity [Line Items]
Debt issuance costs		$ 2,308,507	$ 3,327,701

[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.