Loans Held for Investment and the Allowance for Credit Losses - Schedule of Overall Statistics for Loan Held for Investment Portfolio (Details) $ in Thousands |
6 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2025
USD ($)
loan
|
Dec. 31, 2024
USD ($)
loan
|
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| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Number of loans | loan | 49 | 45 | ||
| Floating rate loans | 99.70% | 99.70% | ||
| Total loan commitment | $ 3,899,345 | $ 3,412,016 | ||
| Unpaid principal balance | 3,783,609 | 3,284,510 | ||
| Unfunded loan commitments | 116,428 | 127,866 | ||
| Amortized cost | [1] | $ 3,774,686 | $ 3,278,588 | |
| Weighted average credit spread | 3.50% | 3.70% | ||
| Weighted average all-in yield | 8.00% | 8.30% | ||
| Weighted average term to extended maturity (in years) | 2 years 8 months 12 days | 2 years 4 months 24 days | ||
| Accrued PIK interest | $ 700 | $ 400 | ||
| Percentage of loans subject to yield maintenance or other prepayment restrictions | 40.60% | |||
| Percentage of loans open to repayment by borrower without penalty | 59.40% | |||
| Subordinated and mezzanine loans | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Number of loans | loan | 49 | 45 | ||
| Floating rate loans | 99.70% | 99.70% | ||
| Total loan commitment | $ 3,899,345 | $ 3,412,016 | ||
| Unpaid principal balance | 3,783,609 | 3,284,510 | ||
| Unfunded loan commitments | 116,428 | 127,866 | ||
| Amortized cost | $ 3,774,686 | $ 3,278,588 | ||
| Weighted average credit spread | 3.50% | 3.70% | ||
| Weighted average all-in yield | 8.00% | 8.30% | ||
| Weighted average term to extended maturity (in years) | 2 years 8 months 12 days | 2 years 4 months 24 days | ||
| Fixed Rate Contiguous Mezzanine Loans | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Number of loans | loan | 1 | |||
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