v3.26.1
TRANSACTIONS WITH RELATED PARTIES (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Related Party Transaction [Line Items]      
Fees receivables [1],[2] $ 153,250 $ 127,114  
Other assets [2] 54,165 26,365  
Accrued expenses and other liabilities 74,635 45,362  
Total revenue from fees [3] 1,261,341 1,004,550 $ 772,814
Variable Interest Entity, Not Primary Beneficiary      
Related Party Transaction [Line Items]      
Loan principal purchased 13,200 39,900 0
Financing receivable, credit loss, expense (reversal) 6,200 6,200  
Loss on loans purchased     36,400
Related Party      
Related Party Transaction [Line Items]      
Fees receivables 106,900 99,400  
Other assets 42,600 15,200  
Accrued expenses and other liabilities 10,600 3,000  
Total revenue from fees 652,700 679,100 622,200
Related Party | Securitization Vehicles      
Related Party Transaction [Line Items]      
Fees receivables 85,900 79,000  
Total revenue from fees 621,900 639,400 569,800
Related Party | Other Financing Vehicles      
Related Party Transaction [Line Items]      
Fees receivables 21,000 20,400  
Total revenue from fees $ 30,900 $ 39,700 $ 52,400
[1] Accrued interest receivable of $14.3 million, previously reported within “Fee receivables” as of December 31, 2024, has been reclassified to “Investment in loans and securities” to conform to the current period’s presentation.
[2] Includes related party fee receivables of $106.9 million and $99.4 million, and related party other assets of $42.6 million and $15.2 million, as of December 31, 2025 and 2024, respectively. See Note 17 for additional information regarding transactions with related parties.
[3] Includes related party revenues of $652.7 million, $679.1 million and $622.2 million for years ended December 31, 2025, 2024 and 2023, respectively. See Note 17 for additional information regarding transactions with related parties.