v3.25.3
LOANS HELD-FOR-INVESTMENT - Schedule of Activity (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Sep. 30, 2025
USD ($)
loan
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Beginning balance       $ 3,370,877
Loan originations, acquisitions and funding       366,005
Sale of loans       (5,275)
Principal repayments received       (401,866)
Transfer to real estate assets       (149,439)
Capitalized interest       12,131
Write-offs charged $ (2,860) $ (480) $ (1,649) (90,846)
Deferred fees and other items       (6,274)
Accretion and amortization of fees and other items       8,533
Reversal of (provision for) credit losses       90,233
Ending balance       3,194,079
CRE Loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Beginning balance       3,085,104
Loan originations, acquisitions and funding       265,628
Sale of loans       0
Principal repayments received       (380,865)
Transfer to real estate assets       (149,439)
Capitalized interest       11,972
Write-offs charged       (87,475)
Deferred fees and other items       (4,371)
Accretion and amortization of fees and other items       6,839
Reversal of (provision for) credit losses       90,786
Ending balance       2,838,179
CRE Loans | First Mortgage        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Write-offs charged       $ (87,500)
Number of loan investments | loan       2
Liquid corporate senior loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Beginning balance       $ 35,653
Loan originations, acquisitions and funding       1,282
Sale of loans       (5,275)
Principal repayments received       (5,023)
Transfer to real estate assets       0
Capitalized interest       19
Write-offs charged (2,860) (480) (1,649) (3,371)
Deferred fees and other items       (30)
Accretion and amortization of fees and other items       320
Reversal of (provision for) credit losses       629
Ending balance       24,204
Liquid corporate senior loans | Senior Loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Write-offs charged       $ (3,400)
Number of loan investments | loan       3
Corporate senior loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Beginning balance       $ 250,120
Loan originations, acquisitions and funding       99,095
Sale of loans       0
Principal repayments received       (15,978)
Transfer to real estate assets       0
Capitalized interest       140
Write-offs charged $ 0 $ 0 $ 0 0
Deferred fees and other items       (1,873)
Accretion and amortization of fees and other items       1,374
Reversal of (provision for) credit losses       (1,182)
Ending balance       $ 331,696