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Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues [Abstract]    
Interest income $ 8,882,151 $ 8,120,949
Real estate operating revenue 2,979,454 2,011,641
Other operating income 250,665 156,662
Total 12,112,270 10,289,252
Operating expenses    
Operating expenses reimbursed to Manager 1,928,563 1,342,758
Asset management fee 1,488,095 1,156,543
Asset serving fee 349,329 273,207
Provision for loan losses 50,296 276,020
Real estate operating expenses 1,217,963 971,315
Depreciation and amortization 1,718,372 931,725
Asset Impairment Charges 1,604,989 0
Professional fees 742,518 520,419
Directors fees 36,252 36,250
Other 83,421 71,488
Total Operating Expenses 9,219,798 5,579,725
Operating Income 2,892,472 4,709,527
Other Income and expense    
Interest expense from obligations under participation agreements (1,075,109) (1,880,081)
Interest expense on repurchase agreement payable (755,826) 0
Interest expense on mortgage loan payable (518,617) (686,150)
Interest expense on revolving line of credit (524,294) (17,846)
Interest expense on term loan payable (164,969) (1,672,768)
Interest expense on unsecured notes payable (1,430,183) 0
Interest expense on secured borrowing (552,785) (299,805)
Net unrealized losses on marketable securities (99,044) (14,608)
Income from equity investment in unconsolidated investments 1,419,335 1,337,827
Realized gains on marketable securities 51,133 0
Other Nonoperating Income (Expense) (3,650,359) (3,233,431)
Net (loss) income (757,887) 1,476,096
Series A preferred stock dividend declared (3,906) (3,906)
Net (loss) income allocable to common stock $ (761,793) $ 1,472,190
(loss) earnings per share — basic and diluted $ (0.04) $ 0.08
Weighted-average shares — basic and diluted 19,487,460 19,487,460
Distributions declared per common share $ 0.20 $ 0.20