v3.26.1
Real Estate Loan Investments, at Fair Value - Schedule of Real Estate Loan Investments at Fair Value by Geographic Location (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 793,499 $ 561,965
Percentage 100.00% 100.00%
South    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 344,200 $ 292,200
Percentage 43.40% 52.00%
West    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 95,950 $ 44,650
Percentage 12.10% 8.00%
Midwest    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 118,833 $ 78,833
Percentage 15.00% 14.00%
North    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 234,516 $ 146,282
Percentage 29.60% 26.00%