SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Financial Impact of the Adoption of Accounting Standard Update (Details) - USD ($)	Sep. 30, 2024	[1]	Dec. 31, 2023	[1]	Jan. 01, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Commercial mortgage loans, held-for-investment	$ 1,191,183,049		$ 1,389,940,203			$ 1,076,148,186
Less: Allowance for credit losses						(4,258,668)
Commercial mortgage loans held-for-investment, net of allowance for credit losses	1,181,667,556		1,383,881,197			1,071,889,518
Other liabilities	528,018	[2]	2,373,609	[2]		583,989
Accumulated earnings	$ 65,233,261		$ 47,373,908			$ 31,250,852
Accounting Standards Update 2016-13
Debt and Equity Securities, FV-NI [Line Items]
Accumulated earnings					$ (3,600,000)
Accounting Standards Update 2016-13 | Transition adjustment
Debt and Equity Securities, FV-NI [Line Items]
Commercial mortgage loans, held-for-investment					0
Less: Allowance for credit losses					(3,549,501)
Commercial mortgage loans held-for-investment, net of allowance for credit losses					(3,549,501)
Other liabilities					41,939
Accumulated earnings					(3,591,440)
Accounting Standards Update 2016-13 | Post-adoption
Debt and Equity Securities, FV-NI [Line Items]
Commercial mortgage loans, held-for-investment					1,076,148,186
Less: Allowance for credit losses					(7,808,169)
Commercial mortgage loans held-for-investment, net of allowance for credit losses					1,068,340,017
Other liabilities					625,928
Accumulated earnings					$ 27,659,412

[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, 2024 and December 31, 2023, assets of consolidated VIEs totaled $1,187,880,140 and $1,384,136,334, respectively and the liabilities of consolidated VIEs totaled $958,170,808 and $1,150,207,290 respectively. See Note 4 for further discussion.

[2] Includes $81,184 and $43,647 of Current Expected Credit Loss ("CECL") allowance related to unfunded commitments on commercial mortgage loans, net as of September 30, 2024 and December 31, 2023, respectively.