3.26.1 html 336 351 1 true 109 0 false 15 false false R1.htm 0000001 - Document - Cover Page Sheet http://www.fiveoaksinvestment.com/role/CoverPage Cover Page Cover 1 false false R2.htm 9952151 - Statement - Consolidated Balance Sheets Sheet http://www.fiveoaksinvestment.com/role/ConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 9952152 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.fiveoaksinvestment.com/role/ConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 9952153 - Statement - Consolidated Statements of Operations (Unaudited) Sheet http://www.fiveoaksinvestment.com/role/ConsolidatedStatementsofOperationsUnaudited Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 9952154 - Statement - Consolidated Statement of Changes in Equity Sheet http://www.fiveoaksinvestment.com/role/ConsolidatedStatementofChangesinEquity Consolidated Statement of Changes in Equity Statements 5 false false R6.htm 9952155 - Statement - Consolidated Statements of Cash Flows Sheet http://www.fiveoaksinvestment.com/role/ConsolidatedStatementsofCashFlows Consolidated Statements of Cash Flows Statements 6 false false R7.htm 9952156 - Disclosure - ORGANIZATION AND BUSINESS OPERATIONS Sheet http://www.fiveoaksinvestment.com/role/ORGANIZATIONANDBUSINESSOPERATIONS ORGANIZATION AND BUSINESS OPERATIONS Notes 7 false false R8.htm 9952157 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.fiveoaksinvestment.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 8 false false R9.htm 9952158 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENT COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT Notes 9 false false R10.htm 9952159 - Disclosure - USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES Sheet http://www.fiveoaksinvestment.com/role/USEOFSPECIALPURPOSEENTITIESANDVARIABLEINTERESTENTITIES USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES Notes 10 false false R11.htm 9952160 - Disclosure - REAL ESTATE OWNED Sheet http://www.fiveoaksinvestment.com/role/REALESTATEOWNED REAL ESTATE OWNED Notes 11 false false R12.htm 9952161 - Disclosure - RESTRICTED CASH Sheet http://www.fiveoaksinvestment.com/role/RESTRICTEDCASH RESTRICTED CASH Notes 12 false false R13.htm 9952162 - Disclosure - SECURED FINANCING AGREEMENTS Sheet http://www.fiveoaksinvestment.com/role/SECUREDFINANCINGAGREEMENTS SECURED FINANCING AGREEMENTS Notes 13 false false R14.htm 9952163 - Disclosure - SECURED TERM LOAN Sheet http://www.fiveoaksinvestment.com/role/SECUREDTERMLOAN SECURED TERM LOAN Notes 14 false false R15.htm 9952164 - Disclosure - MORTGAGE SERVICING RIGHTS Sheet http://www.fiveoaksinvestment.com/role/MORTGAGESERVICINGRIGHTS MORTGAGE SERVICING RIGHTS Notes 15 false false R16.htm 9952165 - Disclosure - FAIR VALUE Sheet http://www.fiveoaksinvestment.com/role/FAIRVALUE FAIR VALUE Notes 16 false false R17.htm 9952166 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://www.fiveoaksinvestment.com/role/RELATEDPARTYTRANSACTIONS RELATED PARTY TRANSACTIONS Notes 17 false false R18.htm 9952167 - Disclosure - GUARANTEES Sheet http://www.fiveoaksinvestment.com/role/GUARANTEES GUARANTEES Notes 18 false false R19.htm 9952168 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.fiveoaksinvestment.com/role/COMMITMENTSANDCONTINGENCIES COMMITMENTS AND CONTINGENCIES Notes 19 false false R20.htm 9952169 - Disclosure - EQUITY Sheet http://www.fiveoaksinvestment.com/role/EQUITY EQUITY Notes 20 false false R21.htm 9952170 - Disclosure - EARNINGS PER SHARE Sheet http://www.fiveoaksinvestment.com/role/EARNINGSPERSHARE EARNINGS PER SHARE Notes 21 false false R22.htm 9952171 - Disclosure - INCOME TAXES Sheet http://www.fiveoaksinvestment.com/role/INCOMETAXES INCOME TAXES Notes 22 false false R23.htm 9952172 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.fiveoaksinvestment.com/role/SUBSEQUENTEVENTS SUBSEQUENT EVENTS Notes 23 false false R24.htm 995445 - Disclosure - Insider Trading Arrangements Sheet http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements Insider Trading Arrangements Notes 24 false false R25.htm 9955511 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.fiveoaksinvestment.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 25 false false R26.htm 9955512 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://www.fiveoaksinvestment.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://www.fiveoaksinvestment.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES 26 false false R27.htm 9955513 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT (Tables) Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENTTables COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT (Tables) Tables http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENT 27 false false R28.htm 9955514 - Disclosure - USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES (Tables) Sheet http://www.fiveoaksinvestment.com/role/USEOFSPECIALPURPOSEENTITIESANDVARIABLEINTERESTENTITIESTables USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES (Tables) Tables http://www.fiveoaksinvestment.com/role/USEOFSPECIALPURPOSEENTITIESANDVARIABLEINTERESTENTITIES 28 false false R29.htm 9955515 - Disclosure - REAL ESTATE OWNED (Tables) Sheet http://www.fiveoaksinvestment.com/role/REALESTATEOWNEDTables REAL ESTATE OWNED (Tables) Tables http://www.fiveoaksinvestment.com/role/REALESTATEOWNED 29 false false R30.htm 9955516 - Disclosure - SECURED FINANCING AGREEMENTS (Tables) Sheet http://www.fiveoaksinvestment.com/role/SECUREDFINANCINGAGREEMENTSTables SECURED FINANCING AGREEMENTS (Tables) Tables http://www.fiveoaksinvestment.com/role/SECUREDFINANCINGAGREEMENTS 30 false false R31.htm 9955517 - Disclosure - SECURED TERM LOAN (Tables) Sheet http://www.fiveoaksinvestment.com/role/SECUREDTERMLOANTables SECURED TERM LOAN (Tables) Tables http://www.fiveoaksinvestment.com/role/SECUREDTERMLOAN 31 false false R32.htm 9955518 - Disclosure - MORTGAGE SERVICING RIGHTS (Tables) Sheet http://www.fiveoaksinvestment.com/role/MORTGAGESERVICINGRIGHTSTables MORTGAGE SERVICING RIGHTS (Tables) Tables http://www.fiveoaksinvestment.com/role/MORTGAGESERVICINGRIGHTS 32 false false R33.htm 9955519 - Disclosure - FAIR VALUE (Tables) Sheet http://www.fiveoaksinvestment.com/role/FAIRVALUETables FAIR VALUE (Tables) Tables http://www.fiveoaksinvestment.com/role/FAIRVALUE 33 false false R34.htm 9955520 - Disclosure - EQUITY (Tables) Sheet http://www.fiveoaksinvestment.com/role/EQUITYTables EQUITY (Tables) Tables http://www.fiveoaksinvestment.com/role/EQUITY 34 false false R35.htm 9955521 - Disclosure - EARNINGS PER SHARE (Tables) Sheet http://www.fiveoaksinvestment.com/role/EARNINGSPERSHARETables EARNINGS PER SHARE (Tables) Tables http://www.fiveoaksinvestment.com/role/EARNINGSPERSHARE 35 false false R36.htm 9955522 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) Sheet http://www.fiveoaksinvestment.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESNarrativeDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) Details 36 false false R37.htm 9955523 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) Sheet http://www.fiveoaksinvestment.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESReconciliationofCashCashEquivalentsandRestrictedCashDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) Details 37 false false R38.htm 9955524 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Mortgage Loans (Details) Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENTSummaryofCommercialMortgageLoansDetails COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Mortgage Loans (Details) Details 38 false false R39.htm 9955525 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENTLoanPortfolioActivityDetails COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Loan Portfolio Activity (Details) Details 39 false false R40.htm 9955526 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Loan Risk Ratings (Details) Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENTSummaryofCommercialLoanRiskRatingsDetails COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Commercial Loan Risk Ratings (Details) Details 40 false false R41.htm 9955527 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Additional Information (Details) Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENTAdditionalInformationDetails COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Additional Information (Details) Details 41 false false R42.htm 9955528 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Concentration of Credit Risk (Details) Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENTSummaryofConcentrationofCreditRiskDetails COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Summary of Concentration of Credit Risk (Details) Details 42 false false R43.htm 9955529 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENTProvisionforCreditLossesDetails COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Provision for Credit Losses (Details) Details 43 false false R44.htm 9955530 - Disclosure - COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Allowance for Loan Losses (Details) Sheet http://www.fiveoaksinvestment.com/role/COMMERCIALMORTGAGELOANSHELDFORINVESTMENTAllowanceforLoanLossesDetails COMMERCIAL MORTGAGE LOANS HELD-FOR-INVESTMENT - Allowance for Loan Losses (Details) Details 44 false false R45.htm 9955531 - Disclosure - USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Narrative (Details) Sheet http://www.fiveoaksinvestment.com/role/USEOFSPECIALPURPOSEENTITIESANDVARIABLEINTERESTENTITIESNarrativeDetails USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Narrative (Details) Details http://www.fiveoaksinvestment.com/role/USEOFSPECIALPURPOSEENTITIESANDVARIABLEINTERESTENTITIESTables 45 false false R46.htm 9955532 - Disclosure - USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Balance Sheets (Details) Sheet http://www.fiveoaksinvestment.com/role/USEOFSPECIALPURPOSEENTITIESANDVARIABLEINTERESTENTITIESCondensedConsolidatedBalanceSheetsDetails USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Balance Sheets (Details) Details 46 false false R47.htm 9955533 - Disclosure - USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Summary of Loan and Borrowing Characteristics (Details) Sheet http://www.fiveoaksinvestment.com/role/USEOFSPECIALPURPOSEENTITIESANDVARIABLEINTERESTENTITIESSummaryofLoanandBorrowingCharacteristicsDetails USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Summary of Loan and Borrowing Characteristics (Details) Details 47 false false R48.htm 9955534 - Disclosure - USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) Sheet http://www.fiveoaksinvestment.com/role/USEOFSPECIALPURPOSEENTITIESANDVARIABLEINTERESTENTITIESCondensedConsolidatedStatementofOperationsDetails USE OF SPECIAL PURPOSE ENTITIES AND VARIABLE INTEREST ENTITIES - Condensed Consolidated Statement of Operations (Details) Details 48 false false R49.htm 9955535 - Disclosure - REAL ESTATE OWNED - Narrative (Details) Sheet http://www.fiveoaksinvestment.com/role/REALESTATEOWNEDNarrativeDetails REAL ESTATE OWNED - Narrative (Details) Details 49 false false R50.htm 9955536 - Disclosure - REAL ESTATE OWNED - Schedule of REO Assets (Details) Sheet http://www.fiveoaksinvestment.com/role/REALESTATEOWNEDScheduleofREOAssetsDetails REAL ESTATE OWNED - Schedule of REO Assets (Details) Details 50 false false R51.htm 9955537 - Disclosure - RESTRICTED CASH (Details) Sheet http://www.fiveoaksinvestment.com/role/RESTRICTEDCASHDetails RESTRICTED CASH (Details) Details http://www.fiveoaksinvestment.com/role/RESTRICTEDCASH 51 false false R52.htm 9955538 - Disclosure - SECURED FINANCING AGREEMENTS - Narrative (Details) Sheet http://www.fiveoaksinvestment.com/role/SECUREDFINANCINGAGREEMENTSNarrativeDetails SECURED FINANCING AGREEMENTS - Narrative (Details) Details 52 false false R53.htm 9955539 - Disclosure - SECURED FINANCING AGREEMENTS - Schedule of Repurchase Agreements and Weighted Average Interest Rates (Details) Sheet http://www.fiveoaksinvestment.com/role/SECUREDFINANCINGAGREEMENTSScheduleofRepurchaseAgreementsandWeightedAverageInterestRatesDetails SECURED FINANCING AGREEMENTS - Schedule of Repurchase Agreements and Weighted Average Interest Rates (Details) Details 53 false false R54.htm 9955540 - Disclosure - SECURED TERM LOAN - Additional Information (Details) Sheet http://www.fiveoaksinvestment.com/role/SECUREDTERMLOANAdditionalInformationDetails SECURED TERM LOAN - Additional Information (Details) Details 54 false false R55.htm 9955541 - Disclosure - SECURED TERM LOAN - Summary of Credit Agreement (Details) Sheet http://www.fiveoaksinvestment.com/role/SECUREDTERMLOANSummaryofCreditAgreementDetails SECURED TERM LOAN - Summary of Credit Agreement (Details) Details 55 false false R56.htm 9955542 - Disclosure - MORTGAGE SERVICING RIGHTS - Additional Information (Details) Sheet http://www.fiveoaksinvestment.com/role/MORTGAGESERVICINGRIGHTSAdditionalInformationDetails MORTGAGE SERVICING RIGHTS - Additional Information (Details) Details 56 false false R57.htm 9955543 - Disclosure - MORTGAGE SERVICING RIGHTS - MSR Activity (Details) Sheet http://www.fiveoaksinvestment.com/role/MORTGAGESERVICINGRIGHTSMSRActivityDetails MORTGAGE SERVICING RIGHTS - MSR Activity (Details) Details 57 false false R58.htm 9955544 - Disclosure - MORTGAGE SERVICING RIGHTS - Components of Servicing Income (Details) Sheet http://www.fiveoaksinvestment.com/role/MORTGAGESERVICINGRIGHTSComponentsofServicingIncomeDetails MORTGAGE SERVICING RIGHTS - Components of Servicing Income (Details) Details 58 false false R59.htm 9955545 - Disclosure - FAIR VALUE - Assets and Liabilities at Fair Value (Details) Sheet http://www.fiveoaksinvestment.com/role/FAIRVALUEAssetsandLiabilitiesatFairValueDetails FAIR VALUE - Assets and Liabilities at Fair Value (Details) Details 59 false false R60.htm 9955546 - Disclosure - FAIR VALUE - Additional Information (Details) Sheet http://www.fiveoaksinvestment.com/role/FAIRVALUEAdditionalInformationDetails FAIR VALUE - Additional Information (Details) Details 60 false false R61.htm 9955547 - Disclosure - FAIR VALUE - Unobservable Inputs Information (Details) Sheet http://www.fiveoaksinvestment.com/role/FAIRVALUEUnobservableInputsInformationDetails FAIR VALUE - Unobservable Inputs Information (Details) Details 61 false false R62.htm 9955548 - Disclosure - FAIR VALUE - Fair Value Information on Financial Instruments (Details) Sheet http://www.fiveoaksinvestment.com/role/FAIRVALUEFairValueInformationonFinancialInstrumentsDetails FAIR VALUE - Fair Value Information on Financial Instruments (Details) Details 62 false false R63.htm 9955549 - Disclosure - RELATED PARTY TRANSACTIONS (Details) Sheet http://www.fiveoaksinvestment.com/role/RELATEDPARTYTRANSACTIONSDetails RELATED PARTY TRANSACTIONS (Details) Details http://www.fiveoaksinvestment.com/role/RELATEDPARTYTRANSACTIONS 63 false false R64.htm 9955550 - Disclosure - GUARANTEES (Details) Sheet http://www.fiveoaksinvestment.com/role/GUARANTEESDetails GUARANTEES (Details) Details http://www.fiveoaksinvestment.com/role/GUARANTEES 64 false false R65.htm 9955551 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) Sheet http://www.fiveoaksinvestment.com/role/COMMITMENTSANDCONTINGENCIESDetails COMMITMENTS AND CONTINGENCIES (Details) Details http://www.fiveoaksinvestment.com/role/COMMITMENTSANDCONTINGENCIES 65 false false R66.htm 9955552 - Disclosure - EQUITY - Additional Information (Details) Sheet http://www.fiveoaksinvestment.com/role/EQUITYAdditionalInformationDetails EQUITY - Additional Information (Details) Details 66 false false R67.htm 9955553 - Disclosure - EQUITY - Dividends Declared (Details) Sheet http://www.fiveoaksinvestment.com/role/EQUITYDividendsDeclaredDetails EQUITY - Dividends Declared (Details) Details 67 false false R68.htm 9955554 - Disclosure - EARNINGS PER SHARE - Earnings per Share (Details) Sheet http://www.fiveoaksinvestment.com/role/EARNINGSPERSHAREEarningsperShareDetails EARNINGS PER SHARE - Earnings per Share (Details) Details 68 false false R69.htm 9955555 - Disclosure - SUBSEQUENT EVENTS (Details) Sheet http://www.fiveoaksinvestment.com/role/SUBSEQUENTEVENTSDetails SUBSEQUENT EVENTS (Details) Details http://www.fiveoaksinvestment.com/role/SUBSEQUENTEVENTS 69 false false All Reports Book All Reports oaks-20260331.htm oaks-20260331.xsd oaks-20260331_cal.xml oaks-20260331_def.xml oaks-20260331_lab.xml oaks-20260331_pre.xml oaks-20260331_g1.jpg http://fasb.org/srt/2025 http://fasb.org/us-gaap/2025 http://xbrl.sec.gov/dei/2025 http://xbrl.sec.gov/ecd/2025 true true