v3.25.4
Summary of Significant Accounting Policies - Summary of Assets Measured at Fair Value on a Recurring Basis Using Level 3 Input (Details) - Fair Value, Recurring [Member] - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Commercial Real Estate Loans    
Assets:    
Beginning Balance $ 887,186  
Ending Balance 1,206,847 $ 887,186
Level 3 | Commercial Real Estate Loans    
Assets:    
Beginning Balance 814,066  
Ending Balance 1,085,326 814,066
Level 3 | Investments In Real Estates Debt    
Assets:    
Beginning Balance 814,066 302,868
Originations, acquisitions, and add on fundings 534,082 511,374
Repayments (263,556)  
Amortization of discount/premium and payment-in-kind interest 731 178
Unrealized gain/(loss) from investments in real estate debt 3 (354)
Ending Balance $ 1,085,326 $ 814,066