COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of loan commitments

As of June 30, 2022 and December 31, 2021, the Company had the following commitments to fund various senior mortgage loans, subordinated debt investments, as well as preferred equity investments accounted for as loans held for investment ($ in thousands):

	As of
	June 30, 2022		December 31, 2021
Total commitments	$	2,910,504	$	2,662,853
Less: funded commitments	(2,625,448)		(2,429,112)
Total unfunded commitments	$	285,056	$	233,741