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LOANS HELD FOR INVESTMENT - Loans held for Investments (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loans held for investment $ 2,421,772   $ 2,414,383
Outstanding principal $ 2,439,373   2,429,112
Weighted Average Unleveraged Effective Yield, Including Non-accrual Loans 5.50% 5.40%  
Weighted Average Unleveraged Effective Yield, Excluding Non-accrual Loans 5.60% 5.50%  
Weighted average remaining life 1 year 7 months 6 days 1 year 7 months 6 days  
Senior mortgage loans      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loans held for investment $ 2,405,013   2,397,655
Outstanding principal $ 2,421,979   2,411,718
Weighted Average Unleveraged Effective Yield, Including Non-accrual Loans 5.40% 5.30%  
Weighted Average Unleveraged Effective Yield, Excluding Non-accrual Loans 5.50% 5.40%  
Weighted average remaining life 1 year 6 months 1 year 6 months  
Subordinated debt and preferred equity investments      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loans held for investment $ 16,759   16,728
Outstanding principal $ 17,394   $ 17,394
Weighted Average Unleveraged Effective Yield, Including Non-accrual Loans 13.70% 13.70%  
Weighted Average Unleveraged Effective Yield, Excluding Non-accrual Loans 13.70% 13.70%  
Weighted average remaining life 3 years 9 months 18 days 4 years