v3.26.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Allowance for Loan Losses Rollforward (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period [1] $ 11,320,220  
Allowance for credit losses at end of period [1] 22,658,121 $ 11,320,220
Commercial loans held-for-investment    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period 11,320,220 6,059,006
Provision for credit losses 14,448,482 5,261,214
Charge-offs (3,110,581) 0
Allowance for credit losses at end of period 22,658,121 11,320,220
Commercial loans held-for-investment | Unfunded Loan Commitment    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period 57,554 43,647
Provision for credit losses (57,554) 13,907
Allowance for credit losses at end of period $ 0 $ 57,554
[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.