v3.26.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Allowance for Loan Losses (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment [1] $ 22,658,121 $ 11,320,220
Unfunded loan commitments   57,554
Total allowance for credit losses 22,658,121 11,377,774
Total unpaid principal balance 1,140,268,217 1,065,563,646
General Reserve    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment 5,029,531 7,544,969
Unfunded loan commitments   57,554
Total allowance for credit losses 5,029,531 7,602,523
Total unpaid principal balance 1,022,886,139 967,303,719
Specific Reserve    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment 17,628,590 3,775,251
Unfunded loan commitments   0
Total allowance for credit losses 17,628,590 3,775,251
Total unpaid principal balance $ 117,382,078 $ 98,259,927
[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.