Fair Value of Financial Instruments - Summary of Changes in Investments (Details) - USD ($) $ in Thousands	7 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2025
Fair Value, Net Asset (Liability) [Abstract]
Net realized loss on investments	$ 0	$ 0	$ (1,791)
Net unrealized gain (loss) on investments	306	306	(4,744)
Commercial Real Estate Loan Investments [Member]
Fair Value, Net Asset (Liability) [Abstract]
Beginning balance		0	370,401
Loan originations and fundings		370,401	1,829,737
Repayments		0	(23,111)
Return of capital		0	0
Net realized loss on investments		0	0
Net unrealized gain (loss) on investments		0	0
Ending balance	370,401	370,401	2,177,027
Mortgage Servicing Rights [Member]
Fair Value, Net Asset (Liability) [Abstract]
Beginning balance		0	9,835
Loan originations and fundings		9,604	74,202
Repayments		0	0
Return of capital		(75)	(4,373)
Net realized loss on investments		0	0
Net unrealized gain (loss) on investments		306	(4,816)
Ending balance	9,835	9,835	74,848
Residential Bridge Loans [Member]
Fair Value, Net Asset (Liability) [Abstract]
Beginning balance		0	2,750
Loan originations and fundings		2,750	37,657
Repayments		0	(12,672)
Return of capital		0	0
Net realized loss on investments		0	0
Net unrealized gain (loss) on investments		0	0
Ending balance	2,750	2,750	27,735
Tax Lien [Member]
Fair Value, Net Asset (Liability) [Abstract]
Beginning balance		0	68,082
Loan originations and fundings		97,965	540,440
Repayments		(29,883)	(237,860)
Return of capital		0	0
Net realized loss on investments		0	(1,791)
Net unrealized gain (loss) on investments		0	72
Ending balance	$ 68,082	$ 68,082	$ 368,943