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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance [1] $ 1,048,803,078  
Principal payments (54,977,677) $ (80,093,383)
Accretion of purchase discount 487,996 711,236
Accretion of deferred loan fees 523,944 $ 57,323
Ending Balance [1] 988,781,424  
Commercial Real Estate Portfolio Segment    
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance 1,048,803,078  
Principal payments (54,977,677)  
Origination and other loan fees (315,943)  
Accretion of purchase discount 487,996  
Accretion of deferred loan fees 523,944  
Provision for credit losses (5,739,974)  
Ending Balance $ 988,781,424  
[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.