v3.25.4
MORTGAGE LOAN RECEIVABLES - Mortgage Loans (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
loan
Dec. 31, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding Face Amount $ 2,265,696 $ 1,627,627    
Allowance for credit losses (47,137) (52,323) $ (43,165) $ (20,755)
Carrying Value $ 2,198,224 $ 1,565,897    
Weighted average yield 7.71% 9.27%    
Remaining maturity 2 years 1 year    
Number of non-accrual loans | loan 4 2    
Principal balance of loans on non-accrual status $ 129,679 $ 76,875    
Deferred origination fees and other items 12,000 5,000    
First mortgage loans        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding Face Amount 2,227,024 1,584,674    
Carrying value gross, consumer and commercial real estate $ 2,210,062 $ 1,579,740    
Weighted average yield 7.74% 9.34%    
Remaining maturity 1 year 7 months 6 days 10 months 24 days    
Mezzanine loans        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding Face Amount $ 7,322 $ 11,603    
Carrying value gross, consumer and commercial real estate $ 7,313 $ 11,582    
Weighted average yield 11.24% 11.51%    
Remaining maturity 8 months 12 days 1 year 1 month 6 days    
Total mortgage loans receivable        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding Face Amount   $ 1,596,277    
Carrying value gross, consumer and commercial real estate $ 2,217,375 $ 1,591,322    
Weighted average yield 7.76% 9.36%    
Remaining maturity 1 year 7 months 6 days 10 months 24 days    
Total mortgage loan receivables held for investment, net, at amortized cost        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding Face Amount $ 2,234,346 $ 1,596,277    
Allowance for credit losses (47,137) (52,323) $ (43,165) $ (20,755)
Carrying Value $ 2,170,238 $ 1,538,999    
Remaining maturity 2 years 10 months 24 days 1 year 7 months 6 days    
First mortgage loans        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Outstanding Face Amount $ 31,350 $ 31,350    
Carrying Value $ 27,986 $ 26,898    
Weighted average yield 4.57% 4.57%    
Remaining maturity 6 years 10 months 24 days 7 years 2 months 12 days    
Cost or market adjustment of interest 4.94% 5.20%