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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period [1] $ 11,320,220  
Allowance for credit losses at end of period [1] 17,060,194  
Unfunded Loan Commitment    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period 57,554  
Allowance for credit losses at end of period 15,241  
Commercial Loans Held-For-Investment    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period 11,320,220 $ 6,059,006
Release of (Provision for) credit losses 5,739,974 1,757,456
Allowance for credit losses at end of period 17,060,194 7,816,462
Commercial Loans Held-For-Investment | Unfunded Loan Commitment    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period 57,554 43,647
Release of (Provision for) credit losses (42,313) 19,417
Allowance for credit losses at end of period $ 15,241 $ 63,064
[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.