USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES (Tables) |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Condensed Consolidated Balance Sheets | The carrying values of the Company's total assets and liabilities related to the LMF 2023-1 Financing and LMNT 2025-FL3 CLO as of December 31, 2025 and 2021-FL1 CLO and LMF 2023-1 Financing as of December 31, 2024 included the following VIE assets and liabilities:
(1) The stated maturity of the collateral loan obligations per the terms of the underlying collateralized loan obligation agreement is June 14, 2039 for the 2021-FL1 CLO and July 20, 2043 for the LMNT 2025-FL3 CLO and the stated maturity of the secured financing per the terms of the underlying indenture is July 20, 2032.
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| Schedule of Loan and Borrowing Characteristics | The following tables present certain loan and borrowing characteristics of LMF 2023-1 Financing and LMNT 2025-FL3 CLO as of December 31, 2025 and 2021-FL1 CLO and LMF 2023-1 Financing as of December 31, 2024:
(1) The principal value for Collateral (REO assets) is the initial loan exposure. (2) The carrying value of the collateral is net of unaccreted purchase discounts of $1,595,224 and $3,577,206 and allowance for credit losses of $15,394,353 and $6,059,006 as of December 31, 2025 and December 31, 2024, respectively. The carrying value for LMF 2023-1 Financing is net of debt issuance costs of $1,292,096 and $2,308,507 for December 31, 2025 and December 31, 2024, respectively and the carrying value for LMNT 2025-FL3 is net of debt issuance costs of $4,912,883 as of December 31, 2025. (3) Weighted average coupon for loan investments assumes applicable 30-day term SOFR of 3.86% and 4.51% as of December 31, 2025 and December 31, 2024, respectively, inclusive of weighted average interest rate floor of 2.55% and 0.63%, and spreads of 3.27% and 3.53%, respectively. As of December 31, 2025 and December 31, 2024, 100.0% of the investments by total exposure earned a floating rate indexed to 30-day term SOFR. Weighted average coupon for the financings assumes applicable 30-day term SOFR of 3.74% and 4.40% as of December 31, 2025 and December 31, 2024, respectively and spreads of 2.24% and 2.26% for December 31, 2025 and December 31, 2024, respectively.
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| Schedule of Condensed Consolidated Statements of Operations | The statement of operations related to the 2021-FL1 CLO, LMF 2023-1 Financing and LMNT 2025-FL3 CLO at December 31, 2025 and to the 2021-FL1 CLO and LMF 2023-1 Financing at December 31, 2024 include the following income and expense items:
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