FAIR VALUE - Fair Value Information on Financial Instruments (Details) - USD ($)		Dec. 31, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 69,173,444	$ 51,247,063
Restricted cash	[1]	2,390,654	270,129
Total assets	[1]	1,128,594,378	1,446,932,447
Collateralized loan obligations, net	[1]	828,390,189	1,146,210,752
Secured term loan	[1]	47,470,094	47,220,226
Total liabilities	[1]	890,695,346	1,206,140,067
Principal Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		69,173,444	51,247,063
Restricted cash		2,390,654	270,129
Commercial mortgage loans held-for-investment		1,065,563,644	1,397,385,160
Total assets		1,137,127,742	1,448,902,352
Collateralized loan obligations, net		830,698,696	1,151,450,000
Secured term loan		47,750,000	47,750,000
Total liabilities		878,448,696	1,199,200,000
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents			51,247,063
Restricted cash		2,390,654	270,129
Commercial mortgage loans held-for-investment		1,048,803,078	1,383,881,197
Total assets		1,120,367,176	1,435,398,389
Collateralized loan obligations, net			1,146,210,752
Secured term loan			47,220,226
Total liabilities		875,860,283	1,193,430,978
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		69,173,444	51,247,063
Restricted cash		2,390,654	270,129
Commercial mortgage loans held-for-investment		1,061,313,204	1,388,355,730
Total assets		1,132,877,302	1,439,872,922
Collateralized loan obligations, net		824,857,756	1,128,250,991
Secured term loan		47,227,497	46,191,524
Total liabilities		$ 872,085,253	$ 1,174,442,515

[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.