USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Balance Sheets (Details) - USD ($)		Mar. 31, 2025		Dec. 31, 2024		Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash, cash equivalents and restricted cash		$ 64,522,059		$ 71,564,098		$ 64,645,554	$ 51,517,192
Accrued interest receivable	[1]	5,562,308		5,945,874
Loans held for investment, net of allowance for credit losses	[1]	988,781,424		1,048,803,078
Total assets	[1]	1,061,517,291		1,128,594,378
LIABILITIES
Accrued interest payable	[1]	2,486,970		2,697,963
Collateralized loan obligations and secured financings	[1]	772,285,071		828,390,189
Total liabilities	[1]	829,469,251		890,695,346
Equity		232,048,040	[1]	237,899,032	[1]	$ 242,935,302	$ 240,792,380
Total liabilities and equity	[1]	1,061,517,291		1,128,594,378
2021-FL1 CLO and LMF 2023-1
ASSETS
Cash, cash equivalents and restricted cash		1,002,278		2,391,042
Accrued interest receivable		5,562,308		5,861,355
Loans held for investment, net of allowance for credit losses		989,668,838		1,049,886,009
Total assets		996,233,424		1,058,138,406
LIABILITIES
Accrued interest payable		2,407,387		2,611,416
Collateralized loan obligations and secured financings		772,285,071		828,390,189
Total liabilities		774,692,458		831,001,605
Equity		221,540,966		227,136,801
Total liabilities and equity		$ 996,233,424		$ 1,058,138,406

[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.