v3.26.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period [1] $ 22,658,121  
Allowance for credit losses at end of period [1] 19,543,903  
Commercial Loans Held-For-Investment    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period 22,658,121 $ 11,320,220
(Release of) provision for credit losses (732,373) 5,739,974
Charge offs (2,381,845) 0
Allowance for credit losses at end of period 19,543,903 17,060,194
Commercial Loans Held-For-Investment | Unfunded Loan Commitment    
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Allowance for credit losses at beginning of period 0 57,554
(Release of) provision for credit losses 0 (42,313)
Allowance for credit losses at end of period $ 0 $ 15,241
[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 March 31, 2026 and December 31, 2025, assets of consolidated VIEs totaled $666,553,315 and $889,507,091, respectively and the liabilities of consolidated VIEs totaled $581,030,250 and $750,274,556 respectively. See Note 4 for further discussion.