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COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) - USD ($) | 3 Months Ended
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Mar. 31, 2026 | Mar. 31, 2025
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Allowance for credit losses at beginning of period | [1] | $ 22,658,121 |
Allowance for credit losses at end of period | [1] | 19,543,903 |
Commercial Loans Held-For-Investment |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Allowance for credit losses at beginning of period |  | 22,658,121 | $ 11,320,220
(Release of) provision for credit losses |  | (732,373) | 5,739,974
Charge offs |  | (2,381,845) | 0
Allowance for credit losses at end of period |  | 19,543,903 | 17,060,194
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 | 57,554
(Release of) provision for credit losses |  | 0 | (42,313)
Allowance for credit losses at end of period |  | $ 0 | $ 15,241
[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 March 31, 2026 and December 31, 2025, assets of consolidated VIEs totaled $666,553,315 and $889,507,091, respectively and the liabilities of consolidated VIEs totaled $581,030,250 and $750,274,556 respectively. See Note 4 for further discussion.

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- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 + Details
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- Definition Amount, excluding accrued interest, of decrease in allowance for credit loss on financing receivable from writeoff. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-6 + Details
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- Definition Amount, excluding accrued interest, of credit loss expense (reversal of expense) on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476148/220-40-50-22 + Details
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