v3.26.1
Commercial Real Estate Loan Investments - Schedule of Investments in Senior Secured Commercial Real Estate Loans (Details) - Commercial Real Estate [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Real Estate [Line Items]    
Loan amount [1] $ 2,299,305 $ 387,415
Outstanding principal 2,177,027 370,401
Fair value $ 2,177,027 370,401
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Variable term of loan 1 month  
Weighted average rate floor 7.22%  
Senior Loans [Member]    
Real Estate [Line Items]    
Loan amount [1] $ 2,277,216 387,415
Outstanding principal 2,154,938 370,401
Fair value $ 2,154,938 $ 370,401
Weighted Average Interest Rate [2] 3.71% 3.91%
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember us-gaap:SecuredOvernightFinancingRateSofrMember
Weighted Average Maturity (years) 2 years 3 months 3 days 2 years 5 months 26 days
Weighted Average Maximum Maturity (years) [3] 4 years 1 month 13 days 4 years 8 months 4 days
Mezzanine Loan [Member]    
Real Estate [Line Items]    
Loan amount [1],[4] $ 22,089  
Outstanding principal [4] 22,089  
Fair value [4] $ 22,089  
Weighted Average Interest Rate [2],[4] 4.25%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Weighted Average Maturity (years) [4] 1 year  
Weighted Average Maximum Maturity (years) [3],[4] 3 years  
[1] Loan amount consists of outstanding principal balance plus unfunded loan commitments.
[2] Represents weighted average interest rate of the most recent interest period in effect for each loan as of period end. As of December 31, 2025, loans earn interest at the one-month term Secured Overnight Financing Rate (“SOFR”) plus a spread and are subject to a weighted average rate floor of 7.22%. Payment terms for all loans are interest only with principal due at maturity.
[3] Maximum maturity assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions as defined in the respective loan agreement.
[4] Mezzanine loan is subordinate to a senior loan held by the Company.