LOANS HELD FOR INVESTMENT - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) loan	Dec. 31, 2024 USD ($) loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans originated or co-originated | loan	34
Number of loans repaid or sold, since inception | loan	195
Total commitment	$ 1,800,000
Loans held for investment	1,600,000
Amount funded	491,500
Amount of repayments	$ 572,300
Number of loans wrote-off | loan	1
Principal outstanding amount, write-off	$ 4,600
Percentage of loans held for investment having LIBOR floors	84.00%
Weighted average floor (as a percent)	1.52%
Carrying value	$ 948,176	$ 718,468
Impact of COVID-19
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans in non-accrual status | loan	4	5
Financing receivable, non-accrual	$ 308,100	$ 318,400