v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 41,666,666 41,666,666
Common stock, shares issued (in shares) 7,131,101 6,887,451
Common stock, shares outstanding (in shares) 7,131,101 6,887,451
Common stock, shares issued, non-vested restricted shares (in shares) 572,236 328,586
Assets of consolidated variable interest entities ("VIEs") included in total assets above:    
Restricted cash $ 1,835 $ 2,190
Accrued interest receivable 30,042 27,259
CRE loans 2,183,406 1,809,969
Other assets 7,167 6,560
Total assets of consolidated VIEs 2,486,105 2,162,364
Accounts payable and other liabilities 7,631 7,482
Accrued interest payable 5,068 6,814
Borrowings 1,864,671 1,544,938
Total liabilities of consolidated VIEs $ 1,931,182 $ 1,611,772
8.625% Series C Preferred Stock    
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, liquidation preference (in dollars per share) $ 25 $ 25
Preferred stock, coupon authorized 8.625% 8.625%
Preferred stock, shares issued (in shares) 4,800,000 4,800,000
Preferred stock, shares outstanding (in shares) 4,800,000 4,800,000
7.875% Series D Preferred Stock    
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 6,800,000 6,800,000
Preferred stock, liquidation preference (in dollars per share) $ 25 $ 25
Preferred stock, coupon authorized 7.875% 7.875%
Preferred stock, shares issued (in shares) 4,507,857 4,507,857
Preferred stock, shares outstanding (in shares) 4,507,857 4,507,857
VIE, Primary Beneficiary    
Assets of consolidated variable interest entities ("VIEs") included in total assets above:    
Restricted cash $ 765 $ 0
Accrued interest receivable 4,048 0
Other assets 30 0
Total assets of consolidated VIEs 1,012,622 0
Accounts payable and other liabilities 243 0
Accrued interest payable 1,701 0
Borrowings 873,463 0
Total liabilities of consolidated VIEs 875,407 0
VIE, Primary Beneficiary | Pledged as Collateral    
Assets of consolidated variable interest entities ("VIEs") included in total assets above:    
CRE loans $ 1,007,779 $ 0