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LOANS HELD FOR INVESTMENT - Portfolio Activity (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Sep. 30, 2023
Apr. 30, 2023
Jan. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Balance at the beginning of the period     $ 2,264,008 $ 2,264,008 $ 2,414,383
Initial funding       114,542 578,652
Origination fees and discounts, net of costs       (1,646) (9,577)
Additional funding       101,592 96,057
Amortizing payments       (16,169) (4,333)
Loan payoffs       (179,808) (821,513)
Loans sold to third parties       (41,489)  
Loans transferred to held for sale       (37,939)  
Loan converted to real estate owned (see Note 5)       (82,676)  
Origination fee and discount accretion       6,109 10,339
Balance at the end of the period       2,126,524 $ 2,264,008
Hotel | IL          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Loan payoffs $ 35,000        
Hotel | IL | Senior Mortgage Loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Mortgage loans on real estate loan, realized gain (loss)       (4,900)  
Residential | CA          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Loans sold to third parties     $ 14,300    
Residential | CA | Senior Mortgage Loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Mortgage loans on real estate loan, realized gain (loss)       5,600  
Office | IL | Senior Mortgage Loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Loans sold to third parties   $ 27,200      
Mixed-Use Property | CA | Senior Mortgage Loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Loans sold to third parties       37,900  
Mixed-use | CA | Senior Mortgage Loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Mortgage loans on real estate loan, realized gain (loss)       $ 995