v3.25.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 41,666,666 41,666,666
Common stock, shares issued (in shares) 7,142,255 7,634,004
Common stock, shares outstanding (in shares) 7,142,255 7,634,004
Common stock, shares issued, non-vested restricted shares (in shares) 328,586 574,538
Assets of consolidated variable interest entities ("VIEs") included in total assets above:    
Restricted cash $ 2,103 $ 890
Accrued interest receivable 19,093 14,655
CRE loans 1,361,648 1,454,545
Loan held for sale 45,800 11,100
Other assets 6,078 6,400
Total assets of consolidated VIEs 1,818,308 1,881,467
Accounts payable and other liabilities 14,203 11,817
Accrued interest payable 6,574 6,958
Borrowings 1,309,296 1,360,371
Total liabilities of consolidated VIEs $ 1,382,906 $ 1,431,805
8.625% Series C Preferred Stock    
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, liquidation preference (in dollars per share) $ 25 $ 25
Preferred stock, coupon authorized 8.625% 8.625%
Preferred stock, shares issued (in shares) 4,800,000 4,800,000
Preferred stock, shares outstanding (in shares) 4,800,000 4,800,000
7.875% Series D Preferred Stock    
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 6,800,000 6,800,000
Preferred stock, liquidation preference (in dollars per share) $ 25 $ 25
Preferred stock, coupon authorized 7.875% 7.875%
Preferred stock, shares issued (in shares) 4,507,857 4,507,857
Preferred stock, shares outstanding (in shares) 4,507,857 4,507,857
VIE, Primary Beneficiary    
Assets of consolidated variable interest entities ("VIEs") included in total assets above:    
Restricted cash $ 0 $ 190
Accrued interest receivable 0 10,733
Loan held for sale 0 9,469
Other assets 0 117
Total assets of consolidated VIEs 0 1,135,672
Accounts payable and other liabilities 0 73
Accrued interest payable 0 2,111
Borrowings 0 862,804
Total liabilities of consolidated VIEs 0 864,988
VIE, Primary Beneficiary | Pledged as Collateral    
Assets of consolidated variable interest entities ("VIEs") included in total assets above:    
CRE loans $ 0 $ 1,115,163