v3.26.3
INVESTMENTS IN LOANS - Schedule of Loans, at Fair Value by Loan (Details)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2026
USD ($)
loan
Dec. 31, 2025
USD ($)
loan
RTLs    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
Carrying Value | $ $ 448,931 $ 176,584
% of Carrying Value 1.000 1.000
Loan Count | loan 205 116
% of Loan Count 1.000 1.000
Weighted Average Asset Yield 0.078 0.080
Weighted Average Original Life (Months) 11 months 10 months
Weighted Average Loan Balance to Value/After Repair Value 0.639 0.657
NQMs    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
Carrying Value | $ $ 214,359 $ 87,630
Loan Count | loan 484 172
Weighted Average Asset Yield 0.063 0.060
Weighted Average Loan Balance to Value/After Repair Value 0.721 0.730
Weighted Average Life (Years) 8 years 7 months 6 days 5 years 3 months 18 days
Construction | RTLs    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
Carrying Value | $ $ 206,040 $ 50,879
% of Carrying Value 0.458 0.288
Loan Count | loan 73 26
% of Loan Count 0.356 0.224
Weighted Average Asset Yield 0.077 0.082
Weighted Average Original Life (Months) 12 months 10 months
Weighted Average Loan Balance to Value/After Repair Value 0.640 0.634
Bridge | RTLs    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
Carrying Value | $ $ 175,319 $ 94,728
% of Carrying Value 0.391 0.537
Loan Count | loan 69 51
% of Loan Count 0.337 0.440
Weighted Average Asset Yield 0.080 0.080
Weighted Average Original Life (Months) 10 months 10 months
Weighted Average Loan Balance to Value/After Repair Value 0.622 0.661
Renovation | RTLs    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
Carrying Value | $ $ 67,572 $ 30,977
% of Carrying Value 0.151 0.175
Loan Count | loan 63 39
% of Loan Count 0.307 0.336
Weighted Average Asset Yield 0.078 0.078
Weighted Average Original Life (Months) 9 months 10 months
Weighted Average Loan Balance to Value/After Repair Value 0.681 0.682