v3.26.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance [1] $ 1,114,047,992  
Purchases and advances 138,791,911 $ 3,605,000
Principal payments (244,397,863) (118,376,467)
Accretion of purchase discount 971,833 1,181,563
Accretion of deferred loan fees 1,270,053 $ 1,192,902
Ending Balance [1] 991,664,826  
Commercial Real Estate Portfolio Segment    
Commercial Mortgage Loans Held-for-Investment    
Beginning Balance 1,114,047,992  
Purchases and advances 138,921,463  
Principal payments (230,790,155)  
Transfer to real estate owned (32,650,387)  
Charge-offs 9,302,861  
Purchase discount (129,549)  
Origination and other loan fees (1,385,963)  
Accretion of purchase discount 971,833  
Accretion of deferred loan fees 1,270,053  
Provision for allowance for credit losses (7,893,322)  
Ending Balance $ 991,664,826  
[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 June 30, 2026 and December 31, 2025, assets of consolidated VIEs totaled $662,520,376 and $889,507,091, respectively, and the liabilities of consolidated VIEs totaled $581,587,437 and $750,274,556, respectively. See Note 4 for further discussion.