LOANS HELD FOR INVESTMENT - Narrative (Details) |
9 Months Ended | |
|---|---|---|
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Sep. 30, 2024
USD ($)
loan
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Dec. 31, 2023
USD ($)
loan
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| SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||
| Number of loans originated or co-originated | loan | 40 | |
| Number of loans repaid or sold, since inception | loan | 174 | |
| Total commitment | $ 2,000,000,000.0 | |
| Loans held for investment | 1,800,000,000 | |
| Amount funded | 36,800,000 | |
| Amount of repayments | $ 202,800,000 | |
| Number of loans converted | 2 | |
| Loan, securitized or asset-backed financing arrangement, principal outstanding | $ 101,800,000 | |
| Percentage of loans held for investment having LIBOR floors | 66.10% | |
| Weighted average floor (as a percent) | 1.08% | |
| Impact of COVID-19 | ||
| SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||
| Number of loans in non-accrual status | loan | 5 | 9 |
| Financing receivable, non-accrual | $ 287,400,000 | $ 399,300,000 |
| X | ||||||||||
- Definition Represents the weighted average floor of the reference rate for the variable rate of the loans receivable, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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- Definition Mortgage Loans, Number Of Loans In Non-Accrual Status No definition available.
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- Definition Mortgage Loans On Real Estate Number Of Loans Converted No definition available.
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- Definition Mortgage Loans on Real Estate Number of Loans Repaid or Sold, Since Inception No definition available.
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- Definition Represents the total commitment amount of the mortgage loan. No definition available.
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- Definition Mortgage Loans On Real Estate Total Commitment Amount Excluding Noncontrolling Interest No definition available.
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- Definition The cash outflow associated with purchasing loans held for investment purposes during the period and including noncash upsize and excluding capitalized funding. No definition available.
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- Definition Represents the percentage of loans held for investment having LIBOR floors. No definition available.
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- Definition Amount of decrease in investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate, from collection of principal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of mortgage loans within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amortized cost of financing receivable on nonaccrual status. Excludes net investment in lease. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition This is the principal amount outstanding for securitized loans only (across all types of loans). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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