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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Allowance for Loan Losses (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment [1] $ 17,060,194 $ 11,320,220
Unfunded loan commitments 15,241 57,554
Total allowance for credit losses 17,075,435 11,377,774
Total unpaid principal balance 1,010,888,939 1,065,563,646
General Reserve    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment 5,937,953 7,544,969
Unfunded loan commitments 15,241 57,554
Total allowance for credit losses 5,953,194 7,602,523
Total unpaid principal balance 902,469,692 967,303,719
Specific Reserve    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment 11,122,241 3,775,251
Unfunded loan commitments 0 0
Total allowance for credit losses 11,122,241 3,775,251
Total unpaid principal balance $ 108,419,247 $ 98,259,927
[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.