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LOANS HELD FOR INVESTMENT - Schedule of Loans Held for Investment (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Carrying Value $ 1,748,835 $ 1,528,806
Outstanding Principal $ 1,840,169 $ 1,601,059
Mortgage Loans On Real Estate Unleveraged Effective Yield, Including Non-accrual Loans 5.70% 5.70%
Weighted Average Unleveraged Effective Yield, Excluding Non-accrual Loans 7.20% 7.40%
Weighted Average Remaining Life (in years) 1 year 4 months 24 days 1 year 3 months 18 days
Senior mortgage loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Carrying Value $ 1,729,417 $ 1,509,670
Outstanding Principal $ 1,818,946 $ 1,580,074
Mortgage Loans On Real Estate Unleveraged Effective Yield, Including Non-accrual Loans 5.80% 5.70%
Weighted Average Unleveraged Effective Yield, Excluding Non-accrual Loans 7.20% 7.40%
Weighted Average Remaining Life (in years) 1 year 4 months 24 days  
Subordinated debt and preferred equity investments    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Carrying Value $ 19,418 $ 19,136
Outstanding Principal $ 21,223 $ 20,985
Mortgage Loans On Real Estate Unleveraged Effective Yield, Including Non-accrual Loans 2.70% 2.70%
Weighted Average Unleveraged Effective Yield, Excluding Non-accrual Loans 6.60% 6.70%
Weighted Average Remaining Life (in years) 9 months 18 days 1 year 3 months 18 days