USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Variable Interest Entity [Line Items]
Interest expense	$ (13,636,474)	$ (21,511,754)
Net interest income	7,734,534	12,992,557
General and administrative fees	(924,060)	(1,134,136)
2021-FL1 CLO and LMF 2023-1
Variable Interest Entity [Line Items]
Interest income	20,485,198	31,380,934
Interest expense	(13,636,474)	(21,511,754)
Net interest income	6,848,724	9,869,180
Provision for credit losses, net	(5,739,974)	(1,757,456)
General and administrative fees	(183,564)	(246,746)
Net (loss) income	$ 925,186	$ 7,864,978