COMMITMENTS AND CONTINGENCIES (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
COMMITMENTS AND CONTINGENCIES
Total commitments	$ 470,195	$ 405,695
Less: funded commitments	(413,229)	(356,930)
Total unfunded commitments	$ 56,966	$ 48,765

Represents the total commitments to fund various stretch senior and transitional mortgage loans, as well as subordinated debt investments.

No definition available.