0001140361-21-027035 | 10-Q | XBRL Viewer

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2021	Aug. 05, 2021
Cover [Abstract]
Entity Registrant Name	AFC GAMMA, INC.
Entity Central Index Key	0001822523
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Document Transition Report	false
Entity File Number	001-39995
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	85-1807125
Entity Address, Address Line One	525 Okeechobee Blvd., Suite 1770
Entity Address, City or Town	West Palm Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33401
City Area Code	561
Local Phone Number	510-2390
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	AFCG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,386,527

LOANS HELD FOR INVESTMENT AT FAIR VALUE, Changes in Loans Held at Fair Value (Details)

6 Months Ended

Jun. 30, 2021

USD ($)

Loans Receivable, Principal [Roll Forward]

Total loans held at fair value, beginning balance

$ 50,831,235

^[1]

Loans held at fair value, principal, change in unrealized gains / (losses) on loans at fair value, net

Loans held at fair value, principal, new fundings

7,677,701

Loans held at fair value, principal, loan repayments

(12,000,000)

Loans held at fair value, loan amortization payments

(583,324)

Loans held at fair value, principal, accretion of original issue discount

Loans held at fair value, principal, PIK Interest

727,597

Total loans held at fair value, ending balance

2,940,000

^[2]

Loans Held for Investment, Original Issue Cost [Roll Forward]

Loans held for at fair value, original issue discount, beginning balance

(3,836,524)

Loans held at fair value, original issue discount, change in unrealized gains / (losses) on loans at Fair value, net

Loans held at fair value, original issue discount, new fundings

501,346

Loans held at fair value, original issue discount, loan repayments

Loans held at fair value, original issue discount, loan amortization payments

Loans held at fair value, original issue discount, accretion of original issue discount

1,601,197

Loans held at fair value, original issue discount, PIK Interest

Loans held for at fair value, original issue discount, ending balance

(2,736,673)

Loans Held for Investment, Unrealized Gains/(Losses) [Roll Forward]

Loans held at fair value, unrealized gains / (losses), beginning balance

1,563,340

Loans held at fair value, unrealized gains / (losses), change in unrealized gains / (losses) on loans at fair value, net

(627,561)

Loans held at fair value, unrealized gains / (losses), new fundings

Loans held at fair value, unrealized gains / (losses), loan repayments

Loans held at fair value, unrealized gains / (losses), loan amortization payments

Loans held at fair value, unrealized gains / (losses), accretion of original issue discount

Loans held at fair value, unrealized gains / (losses), PIK interest

Loans held at fair value, unrealized gains / (losses), ending balance

935,779

Loans Held for Investment, Fair Value [Roll Forward]

Loans held at fair value, change in unrealized gains / (losses) on loans at fair value, net

(627,561)

Loans held for at fair value, new fundings

7,176,355

Loans held for at fair value, loan repayments

(12,000,000)

Loans held for at fair value, loan amortization payments

(583,324)

Loans held at fair value, Accretion of original issue discount

1,601,197

Loans held at fair value, PIK Interest

$ 727,597

[1]	The difference between the Carrying Value and the Outstanding Principal amount of the loans consists of unaccreted purchase discount, deferred loan fees and loan origination costs.
[2]	The difference between the Carrying Value and the Outstanding Principal amount of the loans consists of unaccreted original issue discount (“OID”) and loan origination costs.

Label

Element

Value

Loans Held-for Investment, Carrying Value