XML 104 R92.htm IDEA: XBRL DOCUMENT v3.24.2.u1
MORTGAGE LOANS RECEIVABLE - Schedule of Mortgage Loans Receivable Held by Loan Type (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 394,091 $ 429,550
Mortgage Loans Receivable    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 2,541,369  
% of Portfolio 100.00%  
Loan Count | loan 1,397  
% of Portfolio 100.00%  
Weighted Average Yield 10.60%  
Weighted Average Original Life (Months) 20 years 4 months 24 days  
Mortgage Loans Receivable | Consolidated Entity, Excluding Consolidated VIE    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 2,049,266 $ 1,879,319
Mortgage Loans Receivable | Variable Interest Entity, Primary Beneficiary    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value 492,103  
Mortgage Loans Receivable | Construction    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 1,097,543  
% of Portfolio 43.30%  
Loan Count | loan 396  
% of Portfolio 28.30%  
Weighted Average Yield 11.20%  
Weighted Average Original Life (Months) 18 years 3 months 18 days  
Weighted average committed loan balance to value, LTC 72.80%  
Weighted average committed loan balance to value, LTARV 62.30%  
Mortgage Loans Receivable | Construction | Consolidated Entity, Excluding Consolidated VIE    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 886,359  
Mortgage Loans Receivable | Construction | Variable Interest Entity, Primary Beneficiary    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value 211,184  
Mortgage Loans Receivable | Bridge    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 1,118,377  
% of Portfolio 43.80%  
Loan Count | loan 575  
% of Portfolio 41.20%  
Weighted Average Yield 10.10%  
Weighted Average Original Life (Months) 24 years 7 months 6 days  
Weighted average committed loan balance to value 67.70%  
Mortgage Loans Receivable | Bridge | Consolidated Entity, Excluding Consolidated VIE    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 898,306  
Mortgage Loans Receivable | Bridge | Variable Interest Entity, Primary Beneficiary    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value 220,071  
Mortgage Loans Receivable | Renovation    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 325,449  
% of Portfolio 12.90%  
Loan Count | loan 426  
% of Portfolio 30.50%  
Weighted Average Yield 10.50%  
Weighted Average Original Life (Months) 12 years 6 months  
Weighted average committed loan balance to value, LTC 81.70%  
Weighted average committed loan balance to value, LTARV 67.40%  
Mortgage Loans Receivable | Renovation | Consolidated Entity, Excluding Consolidated VIE    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 264,601  
Mortgage Loans Receivable | Renovation | Variable Interest Entity, Primary Beneficiary    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 60,848