Consolidated Statements of Cash Flows - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net income (loss)		$ 6,248,890	$ (5,471,462)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization/accretion of available-for-sale securities premiums and discounts, net		0	1,403,431
Amortization of collateralized loan obligations discounts, net		1,095,750	738,507
Amortization of deferred offering costs		(86,516)	0
Amortization of deferred financing costs		1,006,858	314,037
Realized loss on investments, net		709,439	33,391,712
Realized (gain) on derivative contracts, net		0	(25,984,870)
Unrealized loss on derivative contracts		0	5,349,613
Unrealized (gain) loss on mortgage servicing rights		1,297,579	(1,033,926)
Unrealized (gain) loss on multi-family loans held in securitization trusts		(694,339)	6,398,348
Unrealized (gain) on residential loans held in securitization trusts		0	(5,650,199)
Restricted stock compensation expense		8,962	22,912
Net change in:
Accrued interest receivable		88,436	1,647,640
Deferred offering costs		86,516	52,866
Other assets		(536,516)	(245,454)
Accrued interest payable		(62,668)	(654,217)
Deferred income		0	(222,518)
Fees and expenses payable to Manager		(183,019)	423,000
Other accounts payable and accrued expenses		(1,697,029)	1,792,988
Net cash provided by operating activities		7,282,343	12,272,408
Cash flows from investing activities:
Purchase of commercial mortgage loans held-for-investment		(300,319,433)	(410,901,286)
Proceeds from sales of available-for-sale securities		0	1,227,314,578
Proceeds from sales of commercial mortgage loans held-for-investment		6,816,250	0
Net proceeds from derivative contracts		0	25,984,870
Principal payments from available-for-sale securities		0	62,932,244
Principal payments from retained beneficial interests		4,747,049	0
Principal payments from commercial mortgage loans held-for-investment		213,415,654	201,392,408
Investment related receivable		33,042,234	(25,581,106)
Purchase of Hunt CMT Equity LLC (net of $9,829,774 in restricted cash)		0	(58,220,292)
Due to broker		0	(1,123,463)
Net cash (used in) provided by investing activities		(42,298,246)	1,021,797,953
Cash flows from financing activities:
Proceeds from issuance of common stock		0	7,250,101
Redemption of preferred stock		(40,250,000)	0
Capital contributed by noncontrolling interests		0	99,500
Dividends paid on common stock		(6,632,546)	(5,156,936)
Dividends paid on preferred stock		(536,114)	(3,523,370)
Proceeds from repurchase agreements - available-for-sale securities		0	6,017,838,000
Proceeds from collateralized loan obligations		0	219,449,000
Proceeds from secured term loan		40,250,000	0
Payment of deferred financing costs		(1,017,419)	(4,075,446)
Principal repayments of repurchase agreements - available-for-sale securities		0	(7,252,360,000)
Net cash (used in) financing activities		(8,186,079)	(1,020,479,151)
Net increase (decrease) in cash, cash equivalents and restricted cash		(43,201,982)	13,591,210
Cash, cash equivalents and restricted cash, beginning of period		59,213,812	45,622,602
Cash, cash equivalents and restricted cash, end of period		16,011,830	59,213,812
Supplemental disclosure of cash flow information
Cash paid for interest		21,603,697	19,163,004
Cash paid for income taxes		1,956,337	0
Non-cash investing and financing activities information
Dividends declared but not paid at end of period	[1]	1,776,912	1,465,610
Net change in unrealized gain on available-for-sale securities		0	12,617,794
Consolidation of receivables held in securitization trusts		0	24,357,335
Consolidation of multi-family securitized debt obligations		0	19,595,186
Commercial mortgage loans acquired, Hunt CMT Equity LLC acquisition		0	345,664,012
Restricted cash acquired, Hunt CMT Equity LLC acquisition		0	9,829,774
Other assets acquired, Hunt CMT Equity LLC acquisition		0	109,100
Collateralized loan obligations assumed, Hunt CMT Equity LLC acquisition		$ 0	$ (287,552,820)

[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIE's) as the Company was the primary beneficiary of these VIEs. As of December 31, 2019 and December 31, 2018, assets of the consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $636,541,489 and $636,951,486, respectively and the liabilities of consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $506,662,238 and $504,846,712, respectively.