VARIABLE INTEREST ENTITIES (Details) $ in Thousands	5 Months Ended	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)
Noncontrolling Interest [Line Items]
VIE's percentage		100.00%
Assets
Restricted cash	$ 7,007	$ 7,007
Accounts receivable and other assets	4,594	4,594
Total Assets	276,453	276,453
Liabilities
Secured financings, at fair value	207,084	207,084
Due to (from) related parties	11,134	11,134
Total Liabilities	$ 219,256	$ 219,256
Other Liability, Related Party [Extensible Enumeration]	Related Party	Related Party
Related Party
Liabilities
Due to (from) related parties	$ 11,134	$ 11,134
Variable Interest Entity, Not Primary Beneficiary | RTL-C LLC
Noncontrolling Interest [Line Items]
VIE's percentage	100.00%
Variable Interest Entity, Not Primary Beneficiary | RTLs VIE
Assets
Residential transition loans, at fair value	$ 176,584	176,584
Residential mortgage loans, at fair value	0	0
Restricted cash	7,007	7,007
Accounts receivable and other assets	1,420	1,420
Total Assets	185,011	185,011
Liabilities
Secured financings, at fair value	135,182	135,182
Accounts payable and other liabilities	704	704
Total Liabilities	143,784	143,784
Variable Interest Entity, Not Primary Beneficiary | RTLs VIE | Related Party
Liabilities
Due to (from) related parties	7,898	7,898
Variable Interest Entity, Not Primary Beneficiary | NQMs VIE
Assets
Residential transition loans, at fair value	0	0
Residential mortgage loans, at fair value	87,630	87,630
Restricted cash	0	0
Accounts receivable and other assets	3,173	3,173
Total Assets	90,803	90,803
Liabilities
Secured financings, at fair value	71,902	71,902
Accounts payable and other liabilities	334	334
Total Liabilities	71,811	71,811
Variable Interest Entity, Not Primary Beneficiary | NQMs VIE | Related Party
Liabilities
Due to (from) related parties	$ 425	$ 425
Other Liability, Related Party [Extensible Enumeration]	Related Party	Related Party