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FAIR VALUE - Fair Value Information on Financial Instruments (Details) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and cash equivalents [1] $ 21,249,107 $ 23,112,995
Restricted cash [1] 9,372,908 3,505,087
Total assets [1] 1,204,817,864 1,215,980,159
Collateralized loan obligations and secured financings [1] 580,302,828 748,433,484
Master repurchase agreements 348,723,957 191,943,220
Secured Term Loan [1] 49,635,956 47,719,278
Total Liabilities [1] 988,754,601 996,893,441
Carrying Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Total assets 1,138,683,077 1,140,666,074
Total Liabilities 978,662,741 988,095,982
Carrying Value | Quoted prices in active markets for identical assets Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and cash equivalents 21,249,107 23,112,995
Restricted cash 9,372,908 3,505,087
Commercial mortgage loans held-for-investment, net   1,114,047,992
Carrying Value | Unobservable inputs Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial mortgage loans held-for-investment, net 1,108,061,062  
Master repurchase agreements 313,515,142 175,204,869
Term lending agreement 35,208,815 16,738,351
Secured Term Loan 49,635,956 47,719,278
Carrying Value | Significant other observable inputs Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Collateralized loan obligations and secured financings 580,302,828 748,433,484
Face Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Total assets 1,161,521,081 1,166,886,299
Total Liabilities 985,775,045 996,582,243
Face Amount | Quoted prices in active markets for identical assets Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and cash equivalents 21,249,107 23,112,995
Restricted cash 9,372,908 3,505,087
Commercial mortgage loans held-for-investment, net   1,140,268,217
Face Amount | Unobservable inputs Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial mortgage loans held-for-investment, net 1,130,899,066  
Master repurchase agreements 315,342,045 177,193,781
Term lending agreement 35,450,000 17,000,000
Secured Term Loan 50,000,000 47,750,000
Face Amount | Significant other observable inputs Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Collateralized loan obligations and secured financings 584,983,000 754,638,462
Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Total assets 1,143,609,053 1,146,263,108
Total Liabilities 985,760,054 995,741,456
Fair Value | Quoted prices in active markets for identical assets Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and cash equivalents 21,249,107 23,112,995
Restricted cash 9,372,908 3,505,087
Commercial mortgage loans held-for-investment, net   1,119,645,026
Fair Value | Unobservable inputs Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial mortgage loans held-for-investment, net 1,112,987,038  
Master repurchase agreements 313,515,142 175,204,869
Term lending agreement 35,208,815 16,738,351
Secured Term Loan 48,913,772 47,746,394
Fair Value | Significant other observable inputs Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Collateralized loan obligations and secured financings $ 588,122,325 $ 756,051,842
[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.