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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Apr. 30, 2012
Sep. 30, 2016
USD ($)
Joint_Venture
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
Joint_Venture
Sep. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Aug. 07, 2015
USD ($)
Mar. 22, 2013
Apr. 15, 2011
Schedule of Equity Method Investments [Line Items]                  
Investments in unconsolidated joint ventures   $ 33,860,000   $ 33,860,000   $ 33,797,000      
Number of unconsolidated joint ventures | Joint_Venture   1   1          
Management fee   $ 8,101,000 $ 3,483,000 $ 17,258,000 $ 10,857,000        
Expenses from investment   4,030,000 4,626,000 11,943,000 11,987,000        
Ladder Capital Realty Income Partnership I LP                  
Schedule of Equity Method Investments [Line Items]                  
Investments in unconsolidated joint ventures   0   0   49,000      
Minimum average net equity partnership investment as a basis for management fee reduction       100,000,000          
Management fee   0 $ 0 6,905 $ 77,447        
Ladder Capital Realty Income Partnership I LP | LP Units                  
Schedule of Equity Method Investments [Line Items]                  
Ownership interest (as a percent)                 10.00%
Grace Lake JV, LLC                  
Schedule of Equity Method Investments [Line Items]                  
Investments in unconsolidated joint ventures   $ 3,456,000   $ 3,456,000   2,891,000      
Percentage of equity kicker received with right to convert upon capital event 25.00%                
Preferred return used to determine distribution of excess cash flow (as a percent)       8.25%          
Percentage of distribution of all excess cash flows and all disposition proceeds upon any sale entitled after consideration of preferred return and return of equity remaining in the property to operating partner       25.00%          
Percentage of investment of operating partner       75.00%          
Grace Lake JV, LLC | LP Units                  
Schedule of Equity Method Investments [Line Items]                  
Ownership interest (as a percent)               25.00%  
Grace Lake JV, LLC | Limited liability company                  
Schedule of Equity Method Investments [Line Items]                  
Ownership interest (as a percent)   25.00%   25.00%          
24 Second Avenue Holdings LLC                  
Schedule of Equity Method Investments [Line Items]                  
Investments in unconsolidated joint ventures   $ 30,404,000   $ 30,404,000   $ 30,857,000      
Ownership interest (as a percent)             73.80%    
Amount contributed             $ 31,100,000    
Profit multiplier ratio             1.70    
Ownership percentage after achievement of profit multiplier ratio             50.00%    
Expenses from investment   400,000   1,100,000          
Interest costs capitalized   $ 200,000   $ 600,000          
24 Second Avenue Holdings LLC | Operating Partner                  
Schedule of Equity Method Investments [Line Items]                  
Ownership interest (as a percent)             26.20%    
Ownership percentage after achievement of profit multiplier ratio             50.00%