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REAL ESTATE OWNED - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Sep. 19, 2024
Jun. 12, 2024
Sep. 08, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Outstanding Principal $ 1,848,416 $ 1,848,416   $ 2,158,045      
Real estate owned held for investment, net 140,912 140,912   $ 83,284      
Operating assets 781,000 781,000          
Operating liabilities 1,000 1,000          
Disposal group, cash and cash equivalents 748 748          
Depreciation and amortization of real estate owned 967 2,521 $ 206        
Office | Senior Mortgage Loans | CA              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Outstanding Principal           $ 33,200  
Debt derecognized           $ 33,200  
Mortgage loans on real estate loan, realized loss 16,400 16,400          
Real estate owned held for investment, net 14,500 14,500          
Total real estate owned held for investment 30,800 30,800          
Other repossessed hotel assets (67) (67)          
Office | Senior Mortgage Loans | NC              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Outstanding Principal         $ 68,600    
Mortgage loans on real estate loan, realized loss 5,800 5,800          
Real estate owned held for investment, net 60,200 60,200          
Total real estate owned held for investment 65,800 65,800          
Other repossessed hotel assets $ (201) $ (201)          
Mixed-Use Property              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Weighted-average amortization periods 5 years 5 years   9 years 3 months 18 days      
Mixed-Use Property | FL              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Real estate owned held for investment, net $ 140,912 $ 140,912   $ 83,284      
Total real estate owned held for investment $ 144,450 144,450   84,300      
Impairment charges   $ 0   $ 0      
Mixed-Use Property | Senior Mortgage Loans | FL              
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]              
Outstanding Principal             $ 82,900
Debt derecognized             82,900
Real estate owned held for investment, net             84,300
Total real estate owned held for investment             82,900
Other repossessed hotel assets             $ (1,400)