SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	[1]	$ 43,858,515	$ 14,749,046
Restricted cash CRE 2021-FL1, Ltd.	[1]	3,507,850	3,530,006
Total cash, cash equivalents and restricted cash		$ 47,366,365	18,279,052	$ 69,375,356
LFT CRE 2021-FL1, Ltd.
Cash and Cash Equivalents [Line Items]
Restricted cash CRE 2021-FL1, Ltd.			$ 3,530,006

[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 December 31, 2022 and December 31, 2021, assets of the consolidated VIEs totaled $1,005,507,371 and $1,003,896,995, respectively and the liabilities of consolidated VIEs totaled $831,575,144 and $827,390,435, respectively.