v3.25.4
Transactions With Related Parties - Our Manager (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Related Party Transaction [Line Items]      
Management fee payable $ 16,434 $ 18,534  
Non-cash compensation expense $ 28,262 $ 31,828 $ 30,655
Common stock, shares outstanding (in shares) 168,259,023 172,792,094  
Restricted Class A Common Stock      
Related Party Transaction [Line Items]      
Number of shares of restricted class A common stock outstanding (in shares) 2,174,931 2,142,759 2,180,181
Restricted shares, vesting period (in years) 3 years    
Related Party      
Related Party Transaction [Line Items]      
Common stock, shares outstanding (in shares) 13,486,205    
Percentage of stock 8.00%    
Subsidiary of Common Parent      
Related Party Transaction [Line Items]      
Common stock, shares outstanding (in shares) 8,916,412    
Percentage of stock 5.30%    
Director | Deferred Stock Units      
Related Party Transaction [Line Items]      
Number of shares of restricted class A common stock outstanding (in shares) 340,029    
BXMT Advisors Limited Liability Company and Affiliates | Related Party      
Related Party Transaction [Line Items]      
Management fee payable $ 16,400 $ 18,500  
Manager | Related Party      
Related Party Transaction [Line Items]      
Renewal term (in years) 1 year    
Management fees paid to manager $ 69,700 82,600 $ 126,600
Expenses $ 1,800 1,600 3,400
Manager | Related Party | Restricted Class A Common Stock      
Related Party Transaction [Line Items]      
Number of shares of restricted class A common stock outstanding (in shares) 1,345,816    
Aggregate grant fair value $ 27,500    
Restricted shares, vesting period (in years) 3 years    
Non-cash compensation expense $ 13,600 $ 16,600 $ 14,600