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REAL ESTATE OWNED - Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 01, 2022
Nov. 08, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Mar. 08, 2019
Mar. 07, 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Outstanding principal     $ 2,625,448,000   $ 2,625,448,000   $ 2,429,112,000    
Real estate owned held for sale, net     0   0   36,602,000    
Gain on sale of real estate owned     0 $ 0 2,197,000 $ 0      
Depreciation of real estate owned         0 449,000      
NEW YORK | Hotel                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Real estate owned held for sale, net             36,602,000    
Repossessed hotel property             $ 38,987,000    
Depreciation of real estate owned     0 $ 225,000 0 $ 449,000      
Senior Mortgage Loans | NEW YORK | Hotel                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Outstanding principal                 $ 38,600,000
Debt derecognized               $ 38,600,000  
Real estate owned held for sale, net               36,900,000  
Other repossessed hotel assets               1,700,000  
Repossessed hotel property               $ 38,600,000  
Proceeds from sale of hotel property   $ 40,000,000              
Gain on sale of real estate owned         2,200,000        
Senior Mortgage Loans | NEW YORK | Hotel | Third Party Buyer of the Hotel Property                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Initial funding of loan receivable         30,700,000        
Senior Mortgage Loans | NEW YORK | Hotel | Third Party Buyer of the Hotel Property | Unfunded Loan Commitment                  
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                  
Additional loan proceeds to be available to fund future advances     $ 25,000,000   $ 25,000,000        
Contributed equity into purchase $ 12,900,000                
Additional equity associated with planned renovation costs $ 8,700,000