v3.25.2
LOANS HELD-FOR-INVESTMENT - Schedule of Activity (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
loan
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance     $ 3,370,877
Loan originations, acquisitions and funding     310,715
Sale of loans     (5,275)
Principal repayments received     (321,656)
Transfer to real estate assets     (149,439)
Capitalized interest     8,055
Write-offs charged $ (480) $ (1,649) (90,846)
Deferred fees and other items     (5,163)
Accretion and amortization of fees and other items     5,820
Reversal of (provision for) credit losses     97,388
Ending balance     3,220,476
CRE Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance     3,085,104
Loan originations, acquisitions and funding     234,750
Sale of loans     0
Principal repayments received     (304,867)
Transfer to real estate assets     (149,439)
Capitalized interest     7,966
Write-offs charged     (87,475)
Deferred fees and other items     (3,906)
Accretion and amortization of fees and other items     4,639
Reversal of (provision for) credit losses     95,157
Ending balance     2,881,929
CRE Loans | First Mortgage      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Write-offs charged     $ (87,500)
Number of loan investments | loan     2
Liquid corporate senior loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance     $ 35,653
Loan originations, acquisitions and funding     1,282
Sale of loans     (5,275)
Principal repayments received     (4,945)
Transfer to real estate assets     0
Capitalized interest     14
Write-offs charged (480) (1,649) (3,371)
Deferred fees and other items     (30)
Accretion and amortization of fees and other items     254
Reversal of (provision for) credit losses     3,068
Ending balance     26,650
Liquid corporate senior loans | Senior Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Write-offs charged     $ (3,400)
Number of loan investments | loan     3
Corporate senior loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance     $ 250,120
Loan originations, acquisitions and funding     74,683
Sale of loans     0
Principal repayments received     (11,844)
Transfer to real estate assets     0
Capitalized interest     75
Write-offs charged $ 0 $ 0 0
Deferred fees and other items     (1,227)
Accretion and amortization of fees and other items     927
Reversal of (provision for) credit losses     (837)
Ending balance     $ 311,897