Concentration of Credit Risk - Schedule of Loans Held for Investment Portfolio by Loan Category Type (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Concentration Risk [Line Items] | ||
| Loan commitment | $ 3,899,345 | $ 3,412,016 |
| Unfunded commitment | $ 116,428 | $ 127,866 |
| % of loan commitment | 100.00% | 100.00% |
| Total unpaid principal balance | $ 3,783,609 | $ 3,284,510 |
| % of loan UPB | 100.00% | 100.00% |
| Bridge | ||
| Concentration Risk [Line Items] | ||
| Loan commitment | $ 2,014,274 | $ 1,522,789 |
| Unfunded commitment | $ 41,639 | $ 27,472 |
| % of loan commitment | 51.70% | 44.60% |
| Total unpaid principal balance | $ 1,973,327 | $ 1,495,677 |
| % of loan UPB | 52.20% | 45.50% |
| Moderate Transitional | ||
| Concentration Risk [Line Items] | ||
| Loan commitment | $ 967,018 | $ 1,009,038 |
| Unfunded commitment | $ 40,964 | $ 63,063 |
| % of loan commitment | 24.80% | 29.60% |
| Total unpaid principal balance | $ 926,054 | $ 945,975 |
| % of loan UPB | 24.40% | 28.80% |
| Light Transitional | ||
| Concentration Risk [Line Items] | ||
| Loan commitment | $ 918,053 | $ 880,189 |
| Unfunded commitment | $ 33,825 | $ 37,331 |
| % of loan commitment | 23.50% | 25.80% |
| Total unpaid principal balance | $ 884,228 | $ 842,858 |
| % of loan UPB | 23.40% | 25.70% |