v3.26.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance [1] $ 1,048,803,078  
Purchases and advances 403,777,460 $ 58,423,744
Principal payments (251,457,389) (391,025,468)
Origination and other loan fees (2,418,752) (1,487,623)
Accretion of purchase discount 1,919,809 3,534,649
Accretion of deferred loan fees 2,791,339 737,793
Ending balance [1] 1,114,047,992 1,048,803,078
Commercial Real Estate Portfolio Segment    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance 1,048,803,078 1,383,881,197
Purchases and advances 403,888,645 58,423,744
Principal payments (266,906,712) (391,025,468)
Transfer to Real Estate Owned (62,580,330)  
Charge-offs 3,110,581  
Purchase discount (111,184)  
Origination and other loan fees (2,418,752) (1,487,623)
Accretion of purchase discount 1,919,809 3,534,649
Accretion of deferred loan fees 2,791,339 737,793
Provision for credit losses (14,448,482) (5,261,214)
Ending balance $ 1,114,047,992 $ 1,048,803,078
[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 December 31, 2025 and December 31, 2024, assets of the consolidated VIEs totaled $889,507,091 and $1,058,138,406, respectively, and the liabilities of consolidated VIEs totaled $750,274,556 and $831,001,605, respectively. See Note 4 for further discussion.