v3.26.1
Loans Receivable, at Fair Value - Schedule of Property Type And Geographic Distribution Loans Receivable, at Fair Value (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 1,570,361 $ 1,392,131 $ 936,846 $ 828,215
Percentage 100.00% 100.00%    
Multifamily [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 890,218 $ 765,561    
Percentage 57.00% 55.00%    
Industrial [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 680,143 $ 626,570    
Percentage 43.00% 45.00%    
West [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 446,599 $ 446,203    
Percentage 28.00% 32.00%    
Southeast [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 427,197 $ 370,154    
Percentage 27.00% 27.00%    
International [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 196,387 $ 200,090    
Percentage 13.00% 14.00%    
Southwest [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 152,545 $ 152,335    
Percentage 10.00% 11.00%    
Midwest [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 144,000 $ 0    
Percentage 9.00% 0.00%    
Mid-Atlantic [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 139,633 $ 139,400    
Percentage 9.00% 10.00%    
Northeast [Member]        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Fair Value $ 64,000 $ 83,949    
Percentage 4.00% 6.00%