SECURED FINANCINGS - Schedule of Summarizes Secured Financing Agreements (Details) - Line of Credit $ in Thousands	5 Months Ended
	Dec. 31, 2025 USD ($)
Debt Instrument [Line Items]
Outstanding Face	$ 207,084
Carrying Value / Fair Value	207,084
Collateralized Debt Obligations
Debt Instrument [Line Items]
UPB	261,049
Fair Value	264,214
RTL-C Repurchase Agreement
Debt Instrument [Line Items]
Outstanding Face	135,182
Carrying Value / Fair Value	$ 135,182
Rate	2.30%
Weighted Average Rate	6.10%
RTL-C Repurchase Agreement | Collateralized Debt Obligations
Debt Instrument [Line Items]
UPB	$ 175,990
Fair Value	$ 176,584
Weighted Average Life (Years)	9 months 18 days
TRS-W Repurchase Agreement
Debt Instrument [Line Items]
Outstanding Face	$ 71,902
Carrying Value / Fair Value	$ 71,902
Rate	1.60%
Weighted Average Rate	5.40%
TRS-W Repurchase Agreement | Collateralized Debt Obligations
Debt Instrument [Line Items]
UPB	$ 85,059
Fair Value	$ 87,630
Weighted Average Life (Years)	5 years 3 months 18 days