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LOANS HELD FOR INVESTMENT - Schedule of Activity in Loan Portfolio (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
Mar. 31, 2026
Mar. 31, 2026
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]    
Beginning balance   $ 1,528,806
Initial funding   187,343
Origination and other loan fees and discounts, net of costs   (2,759)
Additional funding   14,329
Amortizing payments   (2,837)
Loan payoffs   (96,719)
Origination and other loan fees and discount accretion   1,203
Ending balance $ 1,629,366 1,629,366
Loan payoffs   96,719
Multifamily | Senior Mortgage Loans | PA    
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]    
Loan payoffs (28,200)  
Loan payoffs $ 28,200  
Mortgage loans on real estate loan, realized loss   $ 3,300