v3.25.2
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS - Development and Property Management Agreements and Investments with Affiliates of the Manager (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 44 Months Ended
Jan. 09, 2025
Jan. 07, 2021
building
unit
Apr. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Oct. 31, 2021
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
property
loan
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
loan
Jun. 30, 2025
USD ($)
Sep. 30, 2021
USD ($)
Related Party Transaction [Line Items]                        
Number of real estate properties secured through foreclosure | property               2        
Management fees           $ 11,688 $ 12,613 $ 23,411 $ 25,304      
Payments to acquire finance receivables         $ 119,000              
Payments to acquire equity method investments               24,319 26,806      
Return of investment in unconsolidated entities               41,454 1,256      
Proceeds from sale of first mortgage loan               $ 4,788 120,015      
CLO subordinated note                        
Related Party Transaction [Line Items]                        
Investment in equity securities                   $ 27,600    
MT-FT JV                        
Related Party Transaction [Line Items]                        
Equity method investment, ownership percentage           50.00%   50.00%     50.00%  
Equity method investments           $ 212,500   $ 212,500     $ 212,500  
New Point JV, LLC                        
Related Party Transaction [Line Items]                        
Equity method investment, ownership percentage           46.00%   46.00%     46.00%  
Equity method investments           $ 165,500   $ 165,500   $ 181,400 $ 165,500  
Payments to acquire equity method investments                     $ 164,900  
N P J V Holdings                        
Related Party Transaction [Line Items]                        
Equity method investment, ownership percentage           50.00%   50.00%     50.00%  
Return of investment in unconsolidated entities               $ 38,000     $ 97,700  
Preferred equity security                        
Related Party Transaction [Line Items]                        
Related party investments                       $ 68,400
Mortgage Loan                        
Related Party Transaction [Line Items]                        
Related party investments           $ 199,900   $ 199,900     199,900 $ 138,800
Development Management Agreements                        
Related Party Transaction [Line Items]                        
Termination period (in days)               15 days        
Due to affiliates | Liquid corporate senior loans                        
Related Party Transaction [Line Items]                        
Number of liquid corporate senior loans closed | loan                   185    
Loan sales, traded                   $ 265,400    
Proceeds from sale of first mortgage loan                   259,700    
Loss on sale of loans receivable                   $ (2,900)    
CIM NY Management, LLC | Development Management Agreements                        
Related Party Transaction [Line Items]                        
Management fee, percentage 4.00% 4.00%                    
Management fees               $ 312 $ 413      
Termination period (in days) 15 days                      
Operating receipt percentage 1.50%                      
First Mortgage Loans                        
Related Party Transaction [Line Items]                        
Loans held-for-investment and related receivables, net         $ 130,000              
Payments to acquire finance receivables     $ 143,000                  
Advances to affiliate           98,000   98,000     98,000  
Equity method investments     $ 147,000                  
First Mortgage Loans | Third-Party, Number Two                        
Related Party Transaction [Line Items]                        
Advances to affiliate           120,000   120,000     120,000  
First Mortgage Loans | CIM Commercial Lending REIT (CLR)                        
Related Party Transaction [Line Items]                        
Proceeds from sale of first mortgage loan               120,000        
First Mortgage Loans | Due to affiliates                        
Related Party Transaction [Line Items]                        
Loans held-for-investment and related receivables, net       $ 155,000                
Payments to acquire finance receivables       $ 154,000                
First Mortgage Loans | Due to affiliates | Third-Party, Number One | Maximum                        
Related Party Transaction [Line Items]                        
Advances to affiliate           155,000   155,000     155,000  
Corporate senior loans | Investment in Corporate Senior Loans                        
Related Party Transaction [Line Items]                        
Loans held-for-investment and related receivables, net           13,000   13,000     13,000  
Advances to affiliate           154,500   $ 154,500     154,500  
Number of loans | loan               3        
Corporate senior loans | Investment in Corporate Senior Loans | CIM RACR                        
Related Party Transaction [Line Items]                        
Loans held-for-investment and related receivables, net           1,600   $ 1,600     1,600  
Advances to affiliate           $ 154,500   $ 154,500     $ 154,500  
Number of loans | loan               11        
Condominium Units | Foreclosure Of Mezzanine Loans | Consolidated Properties                        
Related Party Transaction [Line Items]                        
Number of real estate properties secured through foreclosure | unit   75                    
Rental Units | Foreclosure Of Mezzanine Loans | Consolidated Properties                        
Related Party Transaction [Line Items]                        
Number of real estate properties secured through foreclosure | unit   21                    
Buildings | Foreclosure Of Mezzanine Loans | Consolidated Properties                        
Related Party Transaction [Line Items]                        
Number of real estate properties secured through foreclosure | building   4