XML 52 R39.htm IDEA: XBRL DOCUMENT v3.26.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance [1] $ 1,114,047,992  
Purchases and advances 47,845,148 $ 0
Principal payments (62,212,238) (54,977,677)
Accretion of purchase discount 482,639 487,996
Accretion of deferred loan fees 797,632 $ 523,944
Ending Balance [1] 1,108,061,062  
Commercial Real Estate Portfolio Segment    
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance 1,114,047,992  
Purchases and advances 47,925,609  
Principal payments (46,762,914)  
Transfer to real estate owned (10,531,845)  
Charge-offs 2,381,845  
Purchase discount (80,461)  
Origination and other loan fees (931,808)  
Accretion of purchase discount 482,639  
Accretion of deferred loan fees 797,632  
Release of allowance for credit losses 732,373  
Ending Balance $ 1,108,061,062  
[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.