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Consolidated Balance Sheets (Parenthetical) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Variable Interest Entity [Line Items]    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 50,000,000 50,000,000
Preferred stock, dividend rate, percentage 7.875% 7.875%
Preferred stock, aggregate liquidation preference $ 60,000,000 $ 60,000,000
Preferred stock, shares issued (in shares) 2,400,000 2,400,000
Preferred stock, shares outstanding (in shares) 2,400,000 2,400,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 450,000,000 450,000,000
Common stock, shares issued (in shares) 52,324,472 52,309,209
Common stock, shares outstanding (in shares) 52,324,472 52,309,209
Assets [1] $ 1,061,517,291 $ 1,128,594,378
Liabilities [1] 829,469,251 890,695,346
Allowance for credit loss [1] 17,060,194 11,320,220
Unfunded Loan Commitment    
Variable Interest Entity [Line Items]    
Allowance for credit loss 15,241 57,554
Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd.    
Variable Interest Entity [Line Items]    
Assets 996,233,424 1,058,138,406
Liabilities $ 774,692,458 $ 831,001,605
[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 March 31, 2025 and December 31, 2024, assets of consolidated VIEs totaled $996,233,424 and $1,058,138,406, respectively and the liabilities of consolidated VIEs totaled $774,692,458 and $831,001,605 respectively. See Note 4 for further discussion.