v3.25.2
BORROWINGS (Senior Secured Financing Facility Term Warehouse Financing Facilities, Mortgage Payable) (Details)
$ in Thousands
Jun. 30, 2025
USD ($)
Loan
Dec. 31, 2024
USD ($)
Loan
Debt Instrument [Line Items]    
Outstanding Borrowings $ 1,108,582 $ 297,205
Value of Collateral $ 1,596,211 $ 539,099
Weighted Average Interest Rate 6.44% 6.66%
CRE - Term Reinvestment Financing Facility | JP Morgan Chase Bank, N.A.    
Debt Instrument [Line Items]    
Outstanding Borrowings, Unamortized Issuance Costs and Discounts $ 885,664  
Value of Collateral $ 1,192,073  
Number of Positions as Collateral | Loan 39  
Weighted Average Interest Rate 6.06%  
Senior Secured Financing Facility | Massachusetts Mutual Life Insurance Company    
Debt Instrument [Line Items]    
Outstanding Borrowings, Unamortized Issuance Costs and Discounts $ 61,275 $ 60,910
Value of Collateral $ 165,553 $ 162,578
Number of Positions as Collateral | Loan 6 6
Weighted Average Interest Rate 8.10% 8.22%
CRE - Term Warehouse Financing Facilities | JP Morgan Chase Bank, N.A.    
Debt Instrument [Line Items]    
Outstanding Borrowings   $ 90,995
Value of Collateral   $ 158,639
Number of Positions as Collateral | Loan   5
Weighted Average Interest Rate   6.87%
CRE - Term Warehouse Financing Facilities | Morgan Stanley Mortgage Capital Holdings LLC    
Debt Instrument [Line Items]    
Outstanding Borrowings $ 82,067 $ 65,744
Value of Collateral $ 119,084 $ 98,373
Number of Positions as Collateral | Loan 3 5
Weighted Average Interest Rate 6.55% 7.22%
Mortgages Payable | ReadyCap Commercial, LLC    
Debt Instrument [Line Items]    
Outstanding Borrowings $ 20,292 $ 20,240
Value of Collateral $ 26,969 $ 26,960
Number of Positions as Collateral | Loan 1 1
Weighted Average Interest Rate 8.11% 8.28%
Mortgages Payable | Oceanview Life and Annuity Company    
Debt Instrument [Line Items]    
Outstanding Borrowings, Unamortized Issuance Costs and Discounts $ 44,171 $ 44,211
Value of Collateral $ 92,532 $ 92,549
Number of Positions as Collateral | Loan 1 1
Weighted Average Interest Rate 10.32% 10.40%
Mortgages Payable | Florida Pace Funding Agency    
Debt Instrument [Line Items]    
Outstanding Borrowings, Unamortized Issuance Costs and Discounts $ 15,113 $ 15,105
Weighted Average Interest Rate 7.26% 7.26%