v3.26.1
Loans Held-for-Investment, Net of Allowance for Credit Losses - Schedule of Loan Portfolio Activity (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Excluding Accrued Interest, And Allowance [Roll Forward]    
Balance at beginning of period $ 1,683,644 $ 2,097,375
Balance at beginning of period (145,912) (199,727)
Balance at beginning of period 1,537,732 1,897,648
Originations, additional fundings, upsizing of loans and capitalized deferred interest 14,279 10,475
Repayments (176,481) (83,781)
Transfers to loans held-for-sale, net of discount at time of transfer (12,873)  
Transfers to real estate owned   (63,353)
(Decrease) increase from net deferred fees (128) (329)
Amortization of net deferred origination fees 1,656 1,910
Provision for credit losses (1,086) (2,193)
Recoveries of previous write-offs (300)  
Write-offs   24,638
Balance at end of period 1,510,097 1,937,659
Balance at end of period (147,298) (177,282)
Balance at end of period 1,362,799 1,760,377
Loan assumed 1,400  
Transfers from loan held-for investment and receivables to real estate owned $ 0 71,000
Transfer to real estate owned   63,400
Accrued interest receivable   $ 7,600