v3.26.1
Condensed Consolidated Statements of Financial Condition - Variable Interest Entities - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Restricted cash $ 268,950 $ 235,143
Loans held for investment, subject to nonrecourse debt, at fair value 10,769,209 10,026,177
Loans held for investment, at fair value 454,245 870,081
Other assets, net (includes $64,197 and $11,838 at fair value) 236,496 197,376
TOTAL ASSETS 31,328,139 30,733,298
LIABILITIES    
Nonrecourse debt, at fair value 10,450,834 9,736,493
Other financing lines of credit 899,338 1,187,699
TOTAL LIABILITIES 30,890,025 30,337,671
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Restricted cash 258,964 227,489
Loans held for investment, subject to nonrecourse debt, at fair value 10,769,209 9,630,812
Loans held for investment, at fair value 113,084 432,724
Other assets, net (includes $64,197 and $11,838 at fair value) 130,181 80,738
TOTAL ASSETS 11,271,438 10,371,763
LIABILITIES    
Nonrecourse debt, at fair value 10,450,834 9,359,493
Other financing lines of credit 122,710 313,699
Payables and other liabilities 1,811 3,784
TOTAL LIABILITIES 10,575,355 9,676,976
NET CARRYING VALUE OF ASSETS IN VIEs $ 696,083 $ 694,787