v3.26.1
REAL ESTATE OWNED - Narrative (Details)
12 Months Ended
Dec. 22, 2025
USD ($)
Dec. 31, 2025
USD ($)
loan
property
Dec. 31, 2024
USD ($)
Real Estate [Line Items]      
Multi-family bridge loan, carrying value [1]   $ 1,136,706,113 $ 1,060,123,298
Real estate owned, held-for-sale [1]   24,099,072 0
Loss on sale of real estate owned   $ 547,447 0
Number of real estate properties | property   3  
Real estate investment property depreciation expense   $ 800,000  
Net income (expense) from real estate owned operations   $ (472,023) 0
Multi-family      
Real Estate [Line Items]      
Real estate owned, weighted average occupancy rate   69.10%  
Multi-family | ABR Foreclosed Real Estate Owned Assets | Minimum      
Real Estate [Line Items]      
Overall capitalization rate assumption (percent)   6.25%  
Multi-family | ABR Foreclosed Real Estate Owned Assets | Maximum      
Real Estate [Line Items]      
Overall capitalization rate assumption (percent)   7.40%  
2021-FL1 CLO | Multi-family | ABR Foreclosed Real Estate Owned Assets      
Real Estate [Line Items]      
Number of foreclosed real estate property loans | loan   2  
Multi-family bridge loan, carrying value   $ 39,500,000  
Financing receivable, specific CECL reserve   $ 2,400,000  
LMF 2023-1 Financing      
Real Estate [Line Items]      
Real estate owned, held-for-sale $ 8,200,000    
Loss on sale of real estate owned $ 500,000    
LMF 2023-1 Financing | Multi-family | ABR Foreclosed Real Estate Owned Assets      
Real Estate [Line Items]      
Number of foreclosed real estate property loans | loan   2  
Multi-family bridge loan, carrying value   $ 19,900,000  
Financing receivable, specific CECL reserve   700,000  
2021-FL1 CLO And LMF 2023-1      
Real Estate [Line Items]      
Real estate owned, held-for-sale     $ 0
Net income (expense) from real estate owned operations   3,300,000  
Net income (expense) from real estate owned operations and operating expense   $ 3,000,000.0  
[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.