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RELATED PARTY TRANSACTIONS - Narrative (Details)
3 Months Ended
Mar. 31, 2022
USD ($)
quarter
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Related Party Transaction [Line Items]      
Amended agreement to exclude real estate revenues from net income $ 2,400,000    
Amended agreement to include gain on termination of interest rate cap derivative 2,000,000    
Incentive fees incurred $ 358,000 $ 658,000  
Management fee renewal term 1 year    
Management agreement termination, termination fee times average annual base management free and incentive fees received 300.00%    
Management fee look back period 24 months    
Loans held for investment $ 2,421,772,000   $ 2,414,383,000
Outstanding principal $ 2,439,373,000   2,429,112,000
ACREM      
Related Party Transaction [Line Items]      
Base management fees as a percentage of stockholders' equity per annum 1.50%    
Incentive fee payable (not less than) $ 0    
Percentage multiplied to arrive at first value affecting calculation of incentive fees 20.00%    
Previous period for which core earnings are considered to arrive at first value affecting calculation of incentive fees 12 months    
Previous period for product of weighted average price per share and weighted average number of shares of common stock and other shares 12 months    
Percentage multiplied to arrive at difference of first value affecting calculation of incentive fees 8.00%    
Period whose fiscal quarters are considered to arrive at first value affecting calculation of incentive fees 12 months    
Minimum cumulative core earnings, number of quarters | quarter 12    
Minimum cumulative core earnings for calculation of incentive fee $ 0    
Residential      
Related Party Transaction [Line Items]      
Loans held for investment 201,500,000   $ 158,300,000
Continuing Operations | ACREM      
Related Party Transaction [Line Items]      
Incentive fees incurred 3,837,000 3,319,000  
Incentive fees | Continuing Operations | ACREM      
Related Party Transaction [Line Items]      
Incentive fees incurred 358,000 $ 658,000  
Senior Mortgage Loans | Loan Purchase Commitments | Industrial      
Related Party Transaction [Line Items]      
Outstanding principal $ 200,000,000