v3.26.1
Real Estate Securities - Schedule of Securities Classified As Available For Sale (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
bond
Dec. 31, 2025
USD ($)
bond
Debt Securities, Available-for-sale [Line Items]    
Fair Value [1] $ 178,712 $ 151,662
CMBS Bonds    
Debt Securities, Available-for-sale [Line Items]    
Number of Bonds | bond 12 10
Weighted Average Interest Rate 6.59% 6.61%
Weighted Average Contractual Maturity (years) 9 years 8 months 12 days 8 years 4 months 24 days
Par Value $ 179,051 $ 151,362
Fair Value $ 178,712 $ 151,662
[1] Includes pledged assets of $178.7 million and $151.7 million as of March 31, 2026 and December 31, 2025, respectively.