USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Variable Interest Entity [Line Items]
Interest expense	$ (12,213,561)	$ (19,238,862)	$ (38,496,809)	$ (60,929,273)
Net interest income	5,051,462	9,484,463	19,746,775	31,999,947
Depreciation and amortization from real estate owned			(483,562)	0
General and administrative fees	(1,144,444)	(1,160,346)	(3,075,465)	(3,425,430)
2021-FL1 CLO and LMF 2023-1
Variable Interest Entity [Line Items]
Interest income	16,696,312	28,149,522	56,057,639	88,462,443
Interest expense	(12,174,275)	(19,238,862)	(38,457,523)	(60,929,273)
Net interest income	4,522,037	8,910,660	17,600,116	27,533,170
Release of (provision for) credit losses	32,826	(322,319)	(5,806,153)	(3,456,487)
Income from real estate owned operations	1,567,335	0	1,567,335
Expenses from real estate owned operations	(1,411,495)	0	(1,411,495)
Depreciation and amortization from real estate owned	(344,785)	0	(483,562)	0
General and administrative fees	(200,614)	(206,347)	(611,675)	(719,195)
Net income	$ 4,165,304	$ 8,381,994	$ 10,854,566	$ 23,357,488