Loan Receivables Held for Investment - Schedule Of Company's Investments In Loan Receivables Held For Investment (Detail) - USD ($)
$ in Thousands |
6 Months Ended |
12 Months Ended |
Jun. 30, 2025 |
Dec. 31, 2024 |
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Total Commitment |
$ 1,029,631
|
$ 905,954
|
| Loan Balance |
975,001
|
871,503
|
| Carrying Value |
$ 969,565
|
$ 867,687
|
| Loan 1 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
Loan origination
|
| Origination Date |
Dec. 17, 2021
|
Dec. 17, 2021
|
| Total Commitment |
$ 29,276
|
$ 29,276
|
| Loan Balance |
$ 29,276
|
$ 29,276
|
| Contractual Interest Rate |
SOFR + 3.06
|
SOFR + 3.06
|
| Loans receivable basis spread on variable rate |
3.06%
|
3.06%
|
| Carrying Value |
$ 29,276
|
$ 29,276
|
| Interest rate |
7.39%
|
7.54%
|
| Maturity Date |
Jan. 10, 2026
|
Jan. 10, 2026
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 1 [Member] | Multifamily [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Multifamily
|
Multifamily
|
| Loan 3 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
|
Loan origination
|
| Origination Date |
|
Feb. 14, 2022
|
| Total Commitment |
|
$ 42,750
|
| Loan Balance |
|
$ 41,000
|
| Contractual Interest Rate |
|
SOFR + 6.50
|
| Loans receivable basis spread on variable rate |
|
6.50%
|
| Carrying Value |
|
$ 40,971
|
| Interest rate |
|
10.98%
|
| Maturity Date |
|
Mar. 10, 2025
|
| Payment Terms |
|
Interest only
|
| Loan 3 [Member] | Hospitality [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
|
Hospitality
|
| Loan 5 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
Loan origination
|
| Origination Date |
Jul. 14, 2022
|
Jul. 14, 2022
|
| Total Commitment |
$ 55,935
|
$ 55,935
|
| Loan Balance |
$ 55,935
|
$ 55,935
|
| Contractual Interest Rate |
SOFR + 4.25
|
SOFR + 4.25
|
| Loans receivable basis spread on variable rate |
4.25%
|
4.25%
|
| Carrying Value |
$ 55,935
|
$ 55,935
|
| Interest rate |
8.57%
|
8.78%
|
| Maturity Date |
Aug. 05, 2025
|
Aug. 05, 2025
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 5 [Member] | Office [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Office
|
Office
|
| Loan 6 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Purchase
|
Purchase
|
| Origination Date |
Jul. 07, 2022
|
Jul. 07, 2022
|
| Total Commitment |
$ 27,748
|
$ 27,748
|
| Loan Balance |
$ 27,748
|
$ 27,748
|
| Contractual Interest Rate |
SOFR + 4.75
|
SOFR + 4.75
|
| Loans receivable basis spread on variable rate |
4.75%
|
4.75%
|
| Carrying Value |
$ 27,748
|
$ 27,715
|
| Interest rate |
9.07%
|
9.23%
|
| Maturity Date |
Jul. 05, 2025
|
Jul. 05, 2025
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 6 [Member] | Hospitality [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Hospitality
|
Hospitality
|
| Loan 7 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Purchase
|
Purchase
|
| Origination Date |
Nov. 22, 2022
|
Nov. 22, 2022
|
| Total Commitment |
$ 25,224
|
$ 25,224
|
| Loan Balance |
$ 19,847
|
$ 19,625
|
| Contractual Interest Rate |
SOFR + 9.05
|
SOFR + 9.05
|
| Loans receivable basis spread on variable rate |
9.05%
|
9.05%
|
| Carrying Value |
$ 19,847
|
$ 19,625
|
| Interest rate |
13.38%
|
13.53%
|
| Maturity Date |
Jul. 10, 2024
|
Jul. 10, 2024
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 7 [Member] | Mixed Use [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Mixed Use
|
Mixed Use
|
| Loan 8 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
Loan origination
|
| Origination Date |
Mar. 10, 2023
|
Mar. 10, 2023
|
| Total Commitment |
$ 35,800
|
$ 35,800
|
| Loan Balance |
$ 35,558
|
$ 34,692
|
| Contractual Interest Rate |
SOFR + 3.50
|
SOFR + 3.50
|
| Loans receivable basis spread on variable rate |
3.50%
|
3.50%
|
| Carrying Value |
$ 35,467
|
$ 34,540
|
| Interest rate |
7.82%
|
7.98%
|
| Maturity Date |
Mar. 10, 2026
|
Mar. 10, 2026
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 8 [Member] | Industrial Property [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Industrial
|
Industrial
|
| Loan 9 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Purchase
|
Purchase
|
| Origination Date |
Mar. 31, 2023
|
Mar. 31, 2023
|
| Total Commitment |
$ 121,870
|
$ 157,509
|
| Loan Balance |
$ 121,870
|
$ 157,509
|
| Contractual Interest Rate |
SOFR + 2.25
|
SOFR + 2.25
|
| Loans receivable basis spread on variable rate |
2.25%
|
2.25%
|
| Carrying Value |
$ 121,870
|
$ 157,509
|
| Interest rate |
6.57%
|
6.65%
|
| Maturity Date |
Aug. 09, 2025
|
Aug. 09, 2025
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 9 [Member] | Student Housing [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Student Housing
|
Student Housing
|
| Loan 10 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
|
Loan origination
|
| Origination Date |
|
Aug. 31, 2023
|
| Total Commitment |
|
$ 86,300
|
| Loan Balance |
|
$ 85,000
|
| Contractual Interest Rate |
|
SOFR + 2.90
|
| Loans receivable basis spread on variable rate |
|
2.90%
|
| Carrying Value |
|
$ 84,493
|
| Interest rate |
|
7.38%
|
| Maturity Date |
|
Sep. 10, 2026
|
| Payment Terms |
|
Interest only
|
| Loan 10 [Member] | Multifamily [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
|
Multifamily
|
| Loan 11 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
Loan origination
|
| Origination Date |
Nov. 02, 2023
|
Nov. 02, 2023
|
| Total Commitment |
$ 146,000
|
$ 146,000
|
| Loan Balance |
$ 136,440
|
$ 132,885
|
| Contractual Interest Rate |
SOFR + 5.50
|
SOFR + 5.50
|
| Loans receivable basis spread on variable rate |
5.50%
|
5.50%
|
| Carrying Value |
$ 136,159
|
$ 132,228
|
| Interest rate |
9.82%
|
9.98%
|
| Maturity Date |
Nov. 10, 2025
|
Nov. 10, 2025
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 11 [Member] | Mixed Use [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Mixed Use
|
Mixed Use
|
| Loan 12 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
Loan origination
|
| Origination Date |
May 07, 2024
|
May 07, 2024
|
| Total Commitment |
$ 30,000
|
$ 30,000
|
| Loan Balance |
$ 30,000
|
$ 30,000
|
| Contractual Interest Rate |
SOFR + 4.00
|
SOFR + 4.00
|
| Loans receivable basis spread on variable rate |
4.00%
|
4.00%
|
| Carrying Value |
$ 29,805
|
$ 29,758
|
| Interest rate |
8.32%
|
8.48%
|
| Maturity Date |
May 10, 2027
|
May 10, 2027
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 12 [Member] | Hospitality [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Hospitality
|
Hospitality
|
| Loan 13 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
|
Loan origination
|
| Origination Date |
|
May 16, 2024
|
| Total Commitment |
|
$ 110,000
|
| Loan Balance |
|
$ 100,063
|
| Contractual Interest Rate |
|
SOFR + 4.25
|
| Loans receivable basis spread on variable rate |
|
4.25%
|
| Carrying Value |
|
$ 99,275
|
| Interest rate |
|
8.73%
|
| Maturity Date |
|
Jun. 10, 2026
|
| Payment Terms |
|
Interest only
|
| Loan 13 [Member] | Mixed Use [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
|
Mixed Use
|
| Loan 14 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
Loan origination
|
| Origination Date |
Jun. 11, 2024
|
Jun. 11, 2024
|
| Total Commitment |
$ 100,000
|
$ 100,000
|
| Loan Balance |
$ 100,000
|
$ 98,770
|
| Contractual Interest Rate |
SOFR + 3.75
|
OFR + 3.75
|
| Loans receivable basis spread on variable rate |
3.75%
|
3.75%
|
| Carrying Value |
$ 99,337
|
$ 97,945
|
| Interest rate |
8.07%
|
8.23%
|
| Maturity Date |
Jul. 10, 2027
|
Jul. 10, 2027
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 14 [Member] | Multifamily [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Multifamily
|
Multifamily
|
| Loan 15 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
Loan origination
|
| Origination Date |
Dec. 17, 2024
|
Dec. 17, 2024
|
| Total Commitment |
$ 58,773
|
$ 59,412
|
| Loan Balance |
$ 58,721
|
$ 59,000
|
| Contractual Interest Rate |
SOFR + 4.50
|
SOFR + 4.50
|
| Loans receivable basis spread on variable rate |
4.50%
|
4.50%
|
| Carrying Value |
$ 58,265
|
$ 58,417
|
| Interest rate |
8.82%
|
8.88%
|
| Maturity Date |
Jan. 09, 2027
|
Jan. 09, 2027
|
| Payment Terms |
Interest only
|
Interest only
|
| Loan 15 [Member] | Office [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Office
|
Office
|
| Loan 16 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
|
| Origination Date |
Feb. 11, 2025
|
|
| Total Commitment |
$ 65,155
|
|
| Loan Balance |
$ 61,425
|
|
| Contractual Interest Rate |
SOFR + 2.35
|
|
| Loans receivable basis spread on variable rate |
2.35%
|
|
| Carrying Value |
$ 60,850
|
|
| Interest rate |
6.67%
|
|
| Maturity Date |
Mar. 09, 2027
|
|
| Payment Terms |
Interest only
|
|
| Loan 16 [Member] | Multifamily [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Multifamily
|
|
| Loan 17 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
|
| Origination Date |
Feb. 11, 2025
|
|
| Total Commitment |
$ 79,650
|
|
| Loan Balance |
$ 67,275
|
|
| Contractual Interest Rate |
SOFR + 2.45
|
|
| Loans receivable basis spread on variable rate |
2.45%
|
|
| Carrying Value |
$ 66,573
|
|
| Interest rate |
6.77%
|
|
| Maturity Date |
Mar. 09, 2027
|
|
| Payment Terms |
Interest only
|
|
| Loan 17 [Member] | Multifamily [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Multifamily
|
|
| Loan 18 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
|
| Origination Date |
Mar. 26, 2025
|
|
| Total Commitment |
$ 81,900
|
|
| Loan Balance |
$ 75,739
|
|
| Contractual Interest Rate |
SOFR + 2.35
|
|
| Loans receivable basis spread on variable rate |
2.35%
|
|
| Carrying Value |
$ 74,976
|
|
| Interest rate |
6.67%
|
|
| Maturity Date |
Apr. 09, 2028
|
|
| Payment Terms |
Interest only
|
|
| Loan 18 [Member] | Multifamily [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Multifamily
|
|
| Loan 19 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
|
| Origination Date |
Jun. 05, 2025
|
|
| Total Commitment |
$ 49,300
|
|
| Loan Balance |
$ 35,167
|
|
| Contractual Interest Rate |
SOFR + 4.15
|
|
| Loans receivable basis spread on variable rate |
4.15%
|
|
| Carrying Value |
$ 34,685
|
|
| Interest rate |
8.46%
|
|
| Maturity Date |
Jun. 09, 2028
|
|
| Payment Terms |
Interest only
|
|
| Loan 19 [Member] | Office [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Office
|
|
| Loan 20 [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Investment Type |
Loan origination
|
|
| Origination Date |
Jun. 30, 2025
|
|
| Total Commitment |
$ 123,000
|
|
| Loan Balance |
$ 120,000
|
|
| Contractual Interest Rate |
SOFR + 2.10
|
|
| Loans receivable basis spread on variable rate |
2.10%
|
|
| Carrying Value |
$ 118,772
|
|
| Interest rate |
6.43%
|
|
| Maturity Date |
Jul. 09, 2027
|
|
| Payment Terms |
Interest only
|
|
| Loan 20 [Member] | Industrial Property [Member] |
|
|
| Disclosure In Tabular Form Of Loans Receivable Held For Investment [Line Items] |
|
|
| Loan Type |
Industrial
|
|