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RELATED PARTY TRANSACTIONS - Narrative (Details)
12 Months Ended
Jan. 03, 2020
Dec. 31, 2024
USD ($)
contract
Dec. 31, 2023
USD ($)
contract
loan
Related Party Transaction [Line Items]      
Annual management fee (percentage)   1.50%  
Quarterly management fee (percentage)   0.375%  
Operating expenses reimbursable to Manager   $ 1,799,570 $ 1,897,699
Waived exit fees (Percent)   1.00%  
Compensation expense   $ 0 6,194
Restricted Stock Units (RSUs)      
Related Party Transaction [Line Items]      
Compensation expense   $ 6,194  
Manager Equity Plan      
Related Party Transaction [Line Items]      
Maximum shares issued, percentage of issued and outstanding shares of common stock (percentage)   3.00%  
Affiliated Entity      
Related Party Transaction [Line Items]      
Management fees   $ 4,446,136 4,335,904
Management fee payable   1,110,000 1,080,000
Incentive fee expense   2,184,435 0
Operating expenses reimbursable to Manager   1,799,570 1,897,699
Reimbursable expenses payable   $ 464,218 507,875
Reduction to reimbursable expenses as a percentage of exit fees waived (percent)   50.00%  
Reimbursable operating expense waived   $ 554,672 959,930
Reimbursable operating expense reduction   $ 277,336 $ 479,965
Hunt Investment Management, LLC | Affiliated Entity      
Related Party Transaction [Line Items]      
Quarterly incentive fee (percentage) 20.00%    
Hurdle rate (percentage) 8.00%    
Length of renewal terms 1 year    
Lument Structured Finance | Affiliated Entity | Loan Purchase One | LMF 2023-1 Financing      
Related Party Transaction [Line Items]      
Number of loans purchased | contract   2  
Payments to acquire finance receivables   $ 45,400,000  
Lument Structured Finance | Affiliated Entity | Loan Purchase One | LFT CRE 2021-FL1, Ltd.      
Related Party Transaction [Line Items]      
Number of loans purchased | contract     8
Payments to acquire finance receivables     $ 121,500,000
Lument Structured Finance | Affiliated Entity | Loan Purchase Two | LFT CRE 2021-FL1, Ltd.      
Related Party Transaction [Line Items]      
Number of loans purchased | contract     31
Payments to acquire finance receivables     $ 459,200,000
Discount to payments to acquire finance receivables     $ 7,900,000
Lument Structured Finance | Affiliated Entity | Loan Purchase Three | LFT CRE 2021-FL1, Ltd.      
Related Party Transaction [Line Items]      
Number of loans purchased | loan     3
Payments to acquire finance receivables     $ 5,700,000
Lument Structured Finance | Affiliated Entity | Loan Purchase Four | LFT CRE 2021-FL1, Ltd.      
Related Party Transaction [Line Items]      
Number of loans purchased | loan     18
Payments to acquire finance receivables     $ 26,000,000
Discount to payments to acquire finance receivables     $ 300,000
Lument IM | LMF 2023-1 Financing      
Related Party Transaction [Line Items]      
Debt issuance costs   $ 1,100,000