v3.26.1
FAIR VALUE MEASUREMENTS - Schedule of Level 3 Reconciliation (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
loan
Total gains and losses:    
Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Other Comprehensive Income Extensible List Not Disclosed Flag Unrealized gain on CMBS included in other comprehensive income (loss), net Unrealized loss on CMBS included in other comprehensive income (loss), net
Level 3    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance $ 72,940 $ 129,081
Total gains and losses:    
Unrealized gain on CMBS included in other comprehensive income (loss), net 697 (12,486)
Current expected credit losses (1,020) (74,254)
Purchases and payments received:    
Conversion to equity security   654
Investment in CLO subordinated note   31,825
Accreted interest income 4,072 1,572
Discounts, net 1,278 (2,349)
Capitalized interest income 1,271 1,214
Ending balance 67,819 $ 72,940
Equitization of securities, number of positions | loan   2
Level 3 | Unrealized loss on CLO subordinated note    
Total gains and losses:    
Unrealized gain on CMBS included in other comprehensive income (loss), net (5,349) $ (2,317)
Purchases and payments received:    
Proceeds from the repayment on the CLO subordinated note $ (6,070)