SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On February 20, 2026, the Company exercised its redemption option under the LMF 2023-1 Financing, and in connection therewith, all of the outstanding loans and notes of the LMF 2023-1 Financing held by third parties were repaid in full at par through a refinancing of the remaining underlying assets held for investment and real estate owned held for sale under its existing Secured Financing Agreements, except for one loan to be held unlevered on our balance sheet. On February 17, 2026, the Company entered into the Fifth Amendment extending the maturity date of the secured term loan provided under the Credit and Guaranty Agreement to February 20, 2026. On February 20, 2026, the Company and Guarantors entered into a further amendment (the "Sixth Amendment") to the Credit and Guaranty Agreement with the Agent and the lenders party thereto. The Sixth Amendment (1) provided the Company with an incremental secured term loan in the aggregate principal amount of $2.3 million, which the Company drew upon on February 23, 2026, (2) extended the maturity from February 20, 2026 to February 20, 2030, (3) amended certain terms applicable to borrowing base eligible assets, permitted debt and the advance rate applicable to borrowing base debt subsidiaries and (4) amended certain financial covenants, including the maximum total net leverage ratio and minimum tangible net worth, and included a minimum liquidity financial covenant. Borrowings under the Secured Term Loan bear interest at a fixed rate of 9.75% per annum, which is subject to step up by 0.50% per annum for the first three months after February 20, 2029, with further step ups of 0.50% per annum for every three months thereafter until the maturity date.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2025

On February 20, 2026, the Company exercised its redemption option under the LMF 2023-1 Financing, and in connection therewith, all of the outstanding loans and notes of the LMF 2023-1 Financing held by third parties were repaid in full at par through a refinancing of the remaining underlying assets held for investment and real estate owned held for sale under its existing Secured Financing Agreements, except for one loan to be held unlevered on our balance sheet.

On February 17, 2026, the Company entered into the Fifth Amendment extending the maturity date of the secured term loan provided under the Credit and Guaranty Agreement to February 20, 2026.

On February 20, 2026, the Company and Guarantors entered into a further amendment (the "Sixth Amendment") to the Credit and Guaranty Agreement with the Agent and the lenders party thereto. The Sixth Amendment (1) provided the Company with an incremental secured term loan in the aggregate principal amount of $2.3 million, which the Company drew upon on February 23, 2026, (2) extended the maturity from February 20, 2026 to February 20, 2030, (3) amended certain terms applicable to borrowing base eligible assets, permitted debt and the advance rate applicable to borrowing base debt subsidiaries and (4) amended certain financial covenants, including the maximum total net leverage ratio and minimum tangible net worth, and included a minimum liquidity financial covenant. Borrowings under the Secured Term Loan bear interest at a fixed rate of 9.75% per annum, which is subject to step up by 0.50% per annum for the first three months after February 20, 2029, with further step ups of 0.50% per annum for every three months thereafter until the maturity date.