FAIR VALUE - Fair Value Information on Financial Instruments (Details) - USD ($)		Sep. 30, 2025	Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	[1]	$ 56,022,352	$ 69,173,444
Restricted cash	[1]	823,644	2,390,654
Total assets	[1]	955,719,357	1,128,594,378
Collateralized loan obligations and secured financings	[1]	669,775,299	828,390,189
Secured Term Loan	[1]	47,656,470	47,470,094
Total liabilities	[1]	725,647,056	890,695,346
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets		878,689,476	1,120,367,176
Total liabilities		717,431,769	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		56,022,352	69,173,444
Restricted cash		823,644	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		821,843,480
Secured Term Loan		47,656,470	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		669,775,299	828,390,189
Face Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets		896,595,474	1,137,127,742
Total liabilities		719,073,586	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		56,022,352	69,173,444
Restricted cash		823,644	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		839,749,478
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		671,323,586	830,698,696
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets		884,384,615	1,132,877,302
Total liabilities		717,850,578	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		56,022,352	69,173,444
Restricted cash		823,644	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		827,538,619
Secured Term Loan		47,661,606	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		$ 670,188,972	$ 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 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.