v3.25.2
Commercial Real Estate Loan Investments - Investments in Commercial Real Estate Loans (Details) - Commercial Real Estate Loan Investments - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Fair Value, Option, Quantitative Disclosures [Line Items]    
Loan amount $ 3,851,789 $ 2,688,628
Principal Balance Outstanding 3,546,862 2,390,362
Fair Value $ 3,550,378 $ 2,391,078
Weighted Average Interest Rate (in percent) 7.13% 7.38%
Weighted Average Life (years) 3 years 11 months 19 days 4 years 3 months 7 days
Senior loans    
Fair Value, Option, Quantitative Disclosures [Line Items]    
Loan amount $ 3,821,789 $ 2,658,628
Principal Balance Outstanding 3,525,717 2,385,124
Fair Value $ 3,529,233 $ 2,385,840
Weighted Average Interest Rate (in percent) 7.10% 7.37%
Weighted Average Life (years) 3 years 11 months 19 days 4 years 3 months 3 days
Mezzanine loans    
Fair Value, Option, Quantitative Disclosures [Line Items]    
Loan amount $ 30,000 $ 30,000
Principal Balance Outstanding 21,145 5,238
Fair Value $ 21,145 $ 5,238
Weighted Average Interest Rate (in percent) 12.07% 12.23%
Weighted Average Life (years) 4 years 4 months 2 days 4 years 10 months 2 days