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LOANS - Commercial Real Estate Held for Investment (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Allowance for loan losses    
Principal payments $ (621,804)  
Realized gain (106,481)  
Beginning allowance (20,100)  
Ending allowance (168,000) $ (20,100)
Commercial Mortgage    
Allowance for loan losses    
Beginning balance 1,606,091 1,296,803
Originations & advances 195,818 593,913
Principal payments (115,692) (316,663)
Principal write off (7,000)  
Transfers (3) (110,252) 40,058
Net (increase) decrease in origination fees (892) (4,384)
Realized gain 204  
Amortization of net origination fees 3,743 5,571
Net (increase) decrease in allowance   (9,207)
Beginning allowance (12,703)  
Current period allowance (131,482)  
Write offs 23,687  
Ending allowance (128,264) (12,703)
Ending balance 1,456,459 1,606,091
Mezzanine loans | Commercial Mortgage    
Allowance for loan losses    
Beginning balance 170,023 315,601
Originations & advances 12,206 21,709
Principal payments 0 (149,633)
Principal write off (7,000)  
Transfers (3) (7,100) (8,675)
Net (increase) decrease in origination fees (80) (184)
Realized gain 0  
Amortization of net origination fees 140 412
Net (increase) decrease in allowance   (9,207)
Beginning allowance (12,703)  
Current period allowance (67,213)  
Write offs 23,687  
Ending allowance (57,565) (12,703)
Ending balance 123,327 170,023
Impact of adopting CECL | Commercial Mortgage    
Allowance for loan losses    
Beginning allowance (7,766)  
Ending allowance   (7,766)
Impact of adopting CECL | Mezzanine loans | Commercial Mortgage    
Allowance for loan losses    
Beginning allowance (1,336)  
Ending allowance   (1,336)
CECL provision, adjusted balance | Commercial Mortgage    
Allowance for loan losses    
Beginning balance 1,618,794  
Ending balance   1,618,794
CECL provision, adjusted balance | Mezzanine loans | Commercial Mortgage    
Allowance for loan losses    
Beginning balance 182,726  
Ending balance   182,726
Senior Mortgages | Commercial Mortgage    
Allowance for loan losses    
Beginning balance 499,690 981,202
Originations & advances 183,612 572,204
Principal payments (59,675) (16,785)
Principal write off 0  
Transfers (3) (157,623) (1,034,754)
Net (increase) decrease in origination fees (812) (4,200)
Realized gain 204  
Amortization of net origination fees 1,695 2,023
Net (increase) decrease in allowance   0
Beginning allowance 0  
Current period allowance (14,650)  
Write offs 0  
Ending allowance (16,914) 0
Ending balance 450,177 499,690
Senior Mortgages | Impact of adopting CECL | Commercial Mortgage    
Allowance for loan losses    
Beginning allowance (2,264)  
Ending allowance   (2,264)
Senior Mortgages | CECL provision, adjusted balance | Commercial Mortgage    
Allowance for loan losses    
Beginning balance 499,690  
Ending balance   499,690
Senior Securitized Mortgages | Commercial Mortgage    
Allowance for loan losses    
Beginning balance 936,378 0
Originations & advances 0 0
Principal payments (56,017) (150,245)
Principal write off 0  
Transfers (3) 54,471 1,083,487
Net (increase) decrease in origination fees 0 0
Realized gain 0  
Amortization of net origination fees 1,908 3,136
Net (increase) decrease in allowance   0
Beginning allowance 0  
Current period allowance (49,619)  
Write offs 0  
Ending allowance (53,785) 0
Ending balance 882,955 936,378
Senior Securitized Mortgages | Impact of adopting CECL | Commercial Mortgage    
Allowance for loan losses    
Beginning allowance (4,166)  
Ending allowance   (4,166)
Senior Securitized Mortgages | CECL provision, adjusted balance | Commercial Mortgage    
Allowance for loan losses    
Beginning balance $ 936,378  
Ending balance   $ 936,378