FAIR VALUE - Fair Value Information on Financial Instruments (Details) - USD ($)		Mar. 31, 2025	Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 63,520,405	$ 69,173,444
Restricted cash	[1]	1,001,654	2,390,654
Total	[1]	1,061,517,291	1,128,594,378
Collateralized loan obligations and secured financings	[1]	772,285,071	828,390,189
Secured Term Loan	[1]	47,531,537	47,470,094
Total	[1]	829,469,251	890,695,346
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total		1,053,303,483	1,120,367,176
Total		819,816,608	875,860,283
Carrying Value | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		63,520,405	69,173,444
Restricted cash		1,001,654	2,390,654
Commercial mortgage loans held-for-investment, net			1,048,803,078
Carrying Value | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment, net		988,781,424
Secured Term Loan		47,531,537	47,470,094
Carrying Value | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations and secured financings		772,285,071	828,390,189
Face Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total		1,075,410,996	1,137,127,742
Total		822,092,955	878,448,696
Face Amount | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		63,520,405	69,173,444
Restricted cash		1,001,654	2,390,654
Commercial mortgage loans held-for-investment, net			1,065,563,644
Face Amount | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment, net		1,010,888,937
Secured Term Loan		47,750,000	47,750,000
Face Amount | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations and secured financings		774,342,955	830,698,696
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total		1,061,683,280	1,132,877,302
Total		821,363,350	872,085,253
Fair Value | Quoted prices in active markets for identical assets Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		63,520,405	69,173,444
Restricted cash		1,001,654	2,390,654
Commercial mortgage loans held-for-investment, net			1,061,313,204
Fair Value | Unobservable inputs Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial mortgage loans held-for-investment, net		997,161,221
Secured Term Loan		47,176,258	47,227,497
Fair Value | Significant other observable inputs Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Collateralized loan obligations and secured financings		$ 774,187,092	$ 824,857,756

[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.