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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 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] $ 14,020,408   14,020,408  
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 9,554   9,554  
Commercial Loans Held-For-Investment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period 14,252,268 $ 9,193,174 11,320,220 $ 6,059,006
(Release of) Provision for credit losses (31,664) 322,319 5,810,769 3,456,487
Charge offs (200,196) 0 (3,110,581) 0
Allowance for credit losses at end of period 14,020,408 9,515,493 14,020,408 9,515,493
Commercial Loans Held-For-Investment | Unfunded Loan Commitment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Allowance for credit losses at beginning of period 7,550 86,055 57,554 43,647
(Release of) Provision for credit losses 2,004 (4,871) (48,000) 37,537
Allowance for credit losses at end of period $ 9,554 $ 81,184 $ 9,554 $ 81,184
[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 September 30, 2025 and December 31, 2024, assets of consolidated VIEs totaled $894,395,215 and $1,058,138,406, respectively and the liabilities of consolidated VIEs totaled $672,585,820 and $831,001,605 respectively. See Note 4 for further discussion.