COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period	[1]			$ 6,059,006
Release of (Provision for) credit losses				3,456,487	$ 1,166,962
Allowance for credit losses at end of period	[1]	$ 9,515,493		9,515,493
Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period				43,647
Allowance for credit losses at end of period		81,184		81,184
Commercial Loans Held-For-Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		9,193,174	$ 3,897,895	6,059,006	4,258,668
Release of (Provision for) credit losses		322,319	818,335	3,456,487	1,179,734
Charge offs		0	0	0	(4,271,673)
Allowance for credit losses at end of period		9,515,493	4,716,230	9,515,493	4,716,230
Commercial Loans Held-For-Investment | Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		86,055	55,941	43,647	0
Release of (Provision for) credit losses		(4,871)	(26,772)	37,537	(12,770)
Allowance for credit losses at end of period		81,184	29,169	81,184	29,169
Transition adjustment | Accounting Standards Update 2016-13 | Commercial Loans Held-For-Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		0	0	0	3,549,501
Transition adjustment | Accounting Standards Update 2016-13 | Commercial Loans Held-For-Investment | Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at beginning of period		$ 0	$ 0	$ 0	$ 41,939

[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.