XML 101 R90.htm IDEA: XBRL DOCUMENT v3.24.3
MORTGAGE LOANS RECEIVABLE - Schedule of Mortgage Loans Receivable Held by Loan Type (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 413,240 $ 429,550
Mortgage loans receivable    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 2,786,758  
% of Portfolio 100.00%  
Loan Count | loan 1,564  
% of Portfolio 100.00%  
Weighted Average Yield 10.70%  
Weighted Average Original Life (Months) 20 years 2 months 12 days  
Mortgage loans receivable | Consolidated Entity, Excluding Consolidated VIE    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 1,869,852 $ 1,879,319
Mortgage loans receivable | Variable Interest Entity, Primary Beneficiary    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value 916,906  
Mortgage loans receivable | Construction    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 1,267,097  
% of Portfolio 42.50%  
Loan Count | loan 528  
% of Portfolio 33.80%  
Weighted Average Yield 11.30%  
Weighted Average Original Life (Months) 19 years 9 months 18 days  
Weighted average committed loan balance to value, LTC 72.20%  
Weighted average committed loan balance to value, LTARV 62.30%  
Mortgage loans receivable | Construction | Consolidated Entity, Excluding Consolidated VIE    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 795,156  
Mortgage loans receivable | Construction | Variable Interest Entity, Primary Beneficiary    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value 471,941  
Mortgage loans receivable | Bridge    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 1,160,230  
% of Portfolio 43.70%  
Loan Count | loan 538  
% of Portfolio 34.40%  
Weighted Average Yield 10.10%  
Weighted Average Original Life (Months) 26 years 1 month 6 days  
Weighted average committed loan balance to value 67.40%  
Mortgage loans receivable | Bridge | Consolidated Entity, Excluding Consolidated VIE    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 817,113  
Mortgage loans receivable | Bridge | Variable Interest Entity, Primary Beneficiary    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value 343,117  
Mortgage loans receivable | Renovation    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 359,431  
% of Portfolio 13.80%  
Loan Count | loan 498  
% of Portfolio 31.80%  
Weighted Average Yield 10.50%  
Weighted Average Original Life (Months) 12 years 10 months 24 days  
Weighted average committed loan balance to value, LTC 82.00%  
Weighted average committed loan balance to value, LTARV 67.60%  
Mortgage loans receivable | Renovation | Consolidated Entity, Excluding Consolidated VIE    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 257,583  
Mortgage loans receivable | Renovation | Variable Interest Entity, Primary Beneficiary    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total Carrying Value $ 101,848