v3.25.2
Investment Portfolio Financing - Schedule of Asset-Specific Financing Arrangements (Details)
$ in Thousands
Jun. 30, 2025
USD ($)
loan
Dec. 31, 2024
USD ($)
loan
Debt Instrument [Line Items]    
Outstanding principal balance $ 3,037,239 $ 2,571,655
Carrying value $ 3,037,239  
Number of loans | loan 49 45
Unamortized deferred financing costs $ (8,900) $ (5,900)
Asset-specific financing arrangements    
Debt Instrument [Line Items]    
Outstanding principal balance 29,110 186,500
Carrying value 29,110  
Asset-specific financing arrangements | Financing    
Debt Instrument [Line Items]    
Commitment amount 200,000 367,364
Outstanding principal balance 29,110 186,500
Carrying value $ 29,097 $ 185,741
Wtd. avg. credit spread 2.00% 2.10%
Wtd. avg. term 2 years 2 months 12 days 3 years 4 months 24 days
Unamortized deferred financing costs $ 10 $ 800
Asset-specific financing arrangements | Financing | HSBC Facility    
Debt Instrument [Line Items]    
Commitment amount   144,114
Outstanding principal balance   136,011
Carrying value   $ 135,451
Wtd. avg. credit spread   2.00%
Wtd. avg. term   3 years 7 months 6 days
Asset-specific financing arrangements | Financing | BMO Facility    
Debt Instrument [Line Items]    
Commitment amount 200,000 $ 200,000
Outstanding principal balance 29,110 29,110
Carrying value $ 29,097 $ 29,046
Wtd. avg. credit spread 2.00% 2.00%
Wtd. avg. term 2 years 2 months 12 days 2 years 8 months 12 days
Asset-specific financing arrangements | Financing | Customers Bank    
Debt Instrument [Line Items]    
Commitment amount   $ 23,250
Outstanding principal balance   21,379
Carrying value   $ 21,244
Wtd. avg. credit spread   2.50%
Wtd. avg. term   2 years 8 months 12 days
Asset-specific financing arrangements | Collateral    
Debt Instrument [Line Items]    
Outstanding principal balance $ 39,768 $ 256,880
Wtd. avg. term 2 years 2 months 12 days 3 years 4 months 24 days
Amortized cost of collateral $ 39,739 $ 255,669
Asset-specific financing arrangements | Collateral | HSBC Facility    
Debt Instrument [Line Items]    
Outstanding principal balance   $ 188,995
Wtd. avg. term   3 years 7 months 6 days
Amortized cost of collateral   $ 187,958
Asset-specific financing arrangements | Collateral | BMO Facility    
Debt Instrument [Line Items]    
Outstanding principal balance $ 39,768 $ 38,468
Wtd. avg. term 2 years 2 months 12 days 2 years 8 months 12 days
Amortized cost of collateral $ 39,739 $ 38,365
Asset-specific financing arrangements | Collateral | Customers Bank    
Debt Instrument [Line Items]    
Outstanding principal balance   $ 29,417
Wtd. avg. term   2 years 8 months 12 days
Amortized cost of collateral   $ 29,346
Asset-specific financing arrangements | Office Property Mortgage Loan | HSBC Facility    
Debt Instrument [Line Items]    
Number of asset-specific financing arrangements | loan   1
Number of loans | loan   3
Asset-specific financing arrangements | Office Property Mortgage Loan | BMO Facility    
Debt Instrument [Line Items]    
Number of asset-specific financing arrangements | loan 1 1
Number of loans | loan 1 1
Asset-specific financing arrangements | Office Property Mortgage Loan | Customers Bank    
Debt Instrument [Line Items]    
Number of asset-specific financing arrangements | loan   1
Number of loans | loan   1