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FAIR VALUE (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of carrying value and estimated fair value of the Company's financial instruments not carried at fair value on the consolidated balance sheet
As of December 31, 2019 and 2018, the carrying values and fair values of the Company’s financial assets and liabilities recorded at cost are as follows ($ in thousands):

 
 
 
As of December 31,
 
 
 
2019
 
2018
 
Level in Fair Value Hierarchy
 
Carrying Value
 
Fair
Value
 
Carrying Value
 
Fair
Value
Financial assets:
 
 
 
 
 
 
 
 
 
   Loans held for investment
3
 
$
1,682,498

 
$
1,692,894

 
$
1,524,873

 
$
1,534,743

Financial liabilities:
 
 
 
 
 
 
 
 
 
   Secured funding agreements
2
 
$
728,589

 
$
728,589

 
$
777,974

 
$
777,974

   Notes payable
2
 
54,708

 
56,155

 
—

 
—

   Secured term loan
2
 
109,149

 
110,000

 
108,345

 
110,000

Collateralized loan obligation securitization debt (consolidated VIE)
3
 
443,177

 
445,600

 
270,737

 
272,927