v3.26.1
LOANS (Summary of Loans) (Details)
$ in Thousands
Jun. 30, 2026
USD ($)
Loan
Dec. 31, 2025
USD ($)
Loan
Dec. 31, 2024
USD ($)
Receivables With Imputed Interest [Line Items]      
Amortized Cost, Loans held for investment $ 2,128,879 $ 1,830,367  
Less: allowance for credit losses (21,114) (20,398) $ (32,847)
Commercial Real Estate Loans      
Receivables With Imputed Interest [Line Items]      
Principal, Loans held for investment 2,137,805 1,837,810  
Unamortized (Discount) Premium, net (8,926) (7,443)  
Amortized Cost, Loans held for investment 2,128,879 1,830,367  
Less: allowance for credit losses (21,114) (20,398)  
Carrying Value, Loans held for investment 2,107,765 1,809,969  
Loan origination fees 8,500 6,600  
Deferred amendment fees $ 434,000,000 $ 852  
Concentration of loan portfolio risk 100.00% 100.00%  
Commercial Real Estate Loans | Multifamily      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 1,703,301 $ 1,482,268  
Concentration of loan portfolio risk 80.80% 81.90%  
Commercial Real Estate Loans | Office      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 238,852 $ 230,385  
Concentration of loan portfolio risk 11.40% 12.70%  
Commercial Real Estate Loans | Hotel      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 101,584 $ 57,426  
Concentration of loan portfolio risk 4.80% 3.20%  
Commercial Real Estate Loans | Mixed-Use      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 48,882 $ 24,614  
Concentration of loan portfolio risk 2.30% 1.40%  
Commercial Real Estate Loans | Self Storage      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 15,146 $ 15,276  
Concentration of loan portfolio risk 0.70% 0.80%  
Commercial Real Estate Loans | Southeast      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 383,422 $ 373,256  
Concentration of loan portfolio risk 18.20% 20.60%  
Commercial Real Estate Loans | Southwest      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 342,912 $ 437,113  
Concentration of loan portfolio risk 16.30% 24.20%  
Commercial Real Estate Loans | East North Central      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 309,634 $ 72,720  
Concentration of loan portfolio risk 14.70% 4.00%  
Commercial Real Estate Loans | Mountain      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 285,743 $ 223,247  
Concentration of loan portfolio risk 13.50% 12.30%  
Commercial Real Estate Loans | Northeast      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 279,484 $ 163,724  
Concentration of loan portfolio risk 13.30% 9.10%  
Commercial Real Estate Loans | Mid Atlantic      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 233,446 $ 222,958  
Concentration of loan portfolio risk 11.10% 12.30%  
Commercial Real Estate Loans | Pacific      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 193,037 $ 253,558  
Concentration of loan portfolio risk 9.10% 14.00%  
Commercial Real Estate Loans | West North Central      
Receivables With Imputed Interest [Line Items]      
Carrying Value, Loans held for investment $ 80,087 $ 63,393  
Concentration of loan portfolio risk 3.80% 3.50%  
Commercial Real Estate Loans | Whole Loans      
Receivables With Imputed Interest [Line Items]      
Principal, Loans held for investment $ 2,127,806 $ 1,828,299  
Unamortized (Discount) Premium, net (8,855) (7,357)  
Amortized Cost, Loans held for investment 2,118,951 1,820,942  
Less: allowance for credit losses (20,877) (20,158)  
Carrying Value, Loans held for investment $ 2,098,074 $ 1,800,784  
Quantity | Loan 57 53  
Loans receivable, interest rate floor 3.64% 3.83%  
Loans held for investment, unfunded loan commitments $ 81,400 $ 88,600  
Commercial Real Estate Loans | Whole Loans | Minimum      
Receivables With Imputed Interest [Line Items]      
Contractual Interest Rates 2.50% 2.50%  
Commercial Real Estate Loans | Whole Loans | Maximum      
Receivables With Imputed Interest [Line Items]      
Contractual Interest Rates 7.00% 7.00%  
Commercial Real Estate Loans | Mezzanine loans      
Receivables With Imputed Interest [Line Items]      
Loans receivable, interest rate floor 2.22% 1.78%  
Mezzanine tranche $ 1,200 $ 17,800  
Fixed interest rate 15.00% 20.00%  
Commercial Real Estate Loans | Preferred equity investment      
Receivables With Imputed Interest [Line Items]      
Principal, Loans held for investment $ 9,999 $ 9,511  
Unamortized (Discount) Premium, net (71) (86)  
Amortized Cost, Loans held for investment 9,928 9,425  
Less: allowance for credit losses (237) (240)  
Carrying Value, Loans held for investment $ 9,691 $ 9,185  
Contractual Interest Rates 10.00% 10.00%  
Fixed interest rate 10.00% 4.00%  
Commercial Real Estate Loans | Whole Loans in Default      
Receivables With Imputed Interest [Line Items]      
Amortized Cost, Loans held for investment $ 108,400 $ 37,900  
Quantity | Loan 4 2