v3.26.1
COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Allowance for Loan Losses (Details) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment [1] $ 21,248,582 $ 22,658,121
Total allowance for credit losses 21,248,582 22,658,121
Total unpaid principal balance 1,014,665,959 1,140,268,217
General Reserve    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment 3,801,590 5,029,531
Total allowance for credit losses 3,801,590 5,029,531
Total unpaid principal balance 916,582,245 1,022,886,139
Specific Reserve    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Loans held for investment 17,446,992 17,628,590
Total allowance for credit losses 17,446,992 17,628,590
Total unpaid principal balance $ 98,083,714 $ 117,382,078
[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.