COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of loan commitments

As of March 31, 2023 and December 31, 2022, the Company had the following commitments to fund various senior mortgage loans, subordinated debt investments, as well as preferred equity investments accounted for as loans held for investment ($ in thousands):

	As of
	March 31, 2023		December 31, 2022
Total commitments	$	2,388,338	$	2,510,308
Less: funded commitments	(2,194,914)		(2,282,821)
Total unfunded commitments	$	193,424	$	227,487