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SUBSEQUENT EVENTS (Details)
1 Months Ended 9 Months Ended
Nov. 07, 2024
USD ($)
Nov. 06, 2024
USD ($)
Jan. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Nov. 01, 2024
USD ($)
extension
loan
Dec. 31, 2023
USD ($)
Subsequent Event [Line Items]            
Loans held at carrying value, outstanding principal       $ 97,547,112   $ 0
Loans held for investments aggregate commitments       121,600,000   $ 0
Loans held at carrying value, outstanding principal fundings       $ 122,500,000    
Secure Mezzanine Loan, Maturing January 2025            
Subsequent Event [Line Items]            
Loans held for investments aggregate commitments     $ 28,200,000      
Percentage of ownership     50.00%      
Secure Mezzanine Loan, Maturing May 2027            
Subsequent Event [Line Items]            
Loans held for investments aggregate commitments     $ 20,700,000      
Interest rate     13.00%      
Discount rate     1.00%      
Percentage of ownership     50.00%      
Purchase price     $ 20,400,000      
Unfunded commitment     7,500,000      
Affiliated Entity | Secure Mezzanine Loan, Maturing January 2025            
Subsequent Event [Line Items]            
Loans held at carrying value, outstanding principal     56,400,000      
Loans held for investments aggregate commitments     28,200,000      
Affiliated Entity | Secure Mezzanine Loan, Maturing May 2027            
Subsequent Event [Line Items]            
Loans held at carrying value, outstanding principal     56,400,000      
Loans held for investments aggregate commitments     20,700,000      
Unfunded commitment     $ 15,000,000      
Secured Overnight Financing Rate (SOFR) | Secure Mezzanine Loan, Maturing January 2025            
Subsequent Event [Line Items]            
Interest rate     15.31%      
Base Rate | Secure Mezzanine Loan, Maturing January 2025            
Subsequent Event [Line Items]            
Interest rate     2.42%      
Subsequent Event | Condominium | FLORIDA            
Subsequent Event [Line Items]            
Loans held for investments aggregate commitments         $ 30,000,000  
Loans held at carrying value, outstanding principal fundings $ 3,600,000          
Subsequent Event | Condominium | FLORIDA | Whole Loan            
Subsequent Event [Line Items]            
Discount rate 1.00%          
Receivable with imputed interest, term 26 months          
Number of extension terms | extension         2  
Extension term 6 months          
Subsequent Event | Condominium | FLORIDA | A-Notes            
Subsequent Event [Line Items]            
Loans held for investments aggregate commitments         $ 62,400,000  
Number of loans held for investment | loan         2  
Subsequent Event | Condominium | FLORIDA | B-Notes            
Subsequent Event [Line Items]            
Loans held for investments aggregate commitments         $ 33,600,000  
Number of loans held for investment | loan         2  
Subsequent Event | Condominium | FLORIDA | Affiliated Entity            
Subsequent Event [Line Items]            
Loans held at carrying value, outstanding principal         $ 96,000,000  
Loans held for investments aggregate commitments         60,000,000  
Loans held at carrying value, outstanding principal fundings $ 7,200,000          
Subsequent Event | Condominium | FLORIDA | Nonrelated Party            
Subsequent Event [Line Items]            
Loans held for investments aggregate commitments         6,000,000.0  
Loans held at carrying value, outstanding principal fundings $ 700,000          
Subsequent Event | Condominium | FLORIDA | Nonrelated Party | B-Notes            
Subsequent Event [Line Items]            
Loans held for investments aggregate commitments         $ 6,000,000  
Subsequent Event | Secured Overnight Financing Rate (SOFR) | Condominium | FLORIDA | A-Notes            
Subsequent Event [Line Items]            
Interest rate 4.75%          
Subsequent Event | Secured Overnight Financing Rate (SOFR) | Condominium | FLORIDA | B-Notes            
Subsequent Event [Line Items]            
Interest rate 11.00%          
Subsequent Event | Base Rate | Condominium | FLORIDA | A-Notes            
Subsequent Event [Line Items]            
Interest rate 4.75%          
Subsequent Event | Base Rate | Condominium | FLORIDA | B-Notes            
Subsequent Event [Line Items]            
Interest rate 4.75%          
Subsequent Event | Revolving Credit Facility | Line of Credit            
Subsequent Event [Line Items]            
Revolving credit loan commitment   $ 50,000,000        
Increase limit   $ 200,000,000        
Increase in interest rate   0.25%        
Agent fee   $ 75,000        
Loan fee payable   0.25%        
Commencement of unused capacity, commitment fee percentage payable   6 months        
Unused line fee percentage   0.25%        
Subsequent Event | Revolving Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR)            
Subsequent Event [Line Items]            
Basis spread on variable interest rate   2.75%        
Subsequent Event | Revolving Credit Facility | Line of Credit | Base Rate            
Subsequent Event [Line Items]            
Basis spread on variable interest rate   2.63%