XML 51 R38.htm IDEA: XBRL DOCUMENT v3.26.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Mortgage Loans (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
mortgageLoan
Dec. 31, 2025
USD ($)
mortgageLoan
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for credit losses [1] $ (19,543,903) $ (22,658,121)
One month SOFR rate ( as a percent)   3.85%
Weighted average LIBOR floor rate (as a percent) 2.25% 2.18%
Weighted average floating rate 100.00% 100.00%
Commercial mortgage loans held-for-investment, net of allowance for credit losses [1] $ 1,108,061,062 $ 1,114,047,992
Commercial Real Estate Portfolio Segment    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance 1,130,899,067 1,140,268,217
Carrying Value 1,127,604,965 1,136,706,113
Coupon Value, net $ 1,108,061,062 $ 1,114,047,992
Loan Count | mortgageLoan 57 61
Weighted average, floating rate loan % 100.00% 100.00%
Weighted Average, Coupon rate 7.10% 7.20%
Weighted Average, Term (years) 1 year 7 months 6 days 1 year 8 months 12 days
Unaccreted purchase discounts $ (1,255,406) $ (1,657,584)
Commercial mortgage loans held-for-investment, net of allowance for credit losses 1,108,061,062 1,114,047,992
Outstanding senior secured loans from loan participations 452,155,924 257,983,507
Commercial Real Estate Portfolio Segment | Hunt CMT    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial mortgage loans held-for-investment, net of allowance for credit losses $ 655,905,141 $ 856,064,487
[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.