v3.26.1
Notes Payable - Summary of Notes Payable (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2023
Nov. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Debt Instrument [Line Items]                
Real estate loan premium $ 2,662 $ 0            
Excluding consolidated VIE                
Debt Instrument [Line Items]                
Notes payable, net 42,946 46,946            
Deferred financing costs, net (160) (185)            
Discount on corporate note (345) (414)            
Total 42,441 46,347            
Excluding consolidated VIE | Corporate notes                
Debt Instrument [Line Items]                
Notes payable, net $ 25,518 28,698            
Interest rate 10.98%              
Total $ 26,200 29,600 $ 33,200          
Excluding consolidated VIE | Convertible corporate notes                
Debt Instrument [Line Items]                
Notes payable, net $ 640 910            
Interest rate 8.25%              
Excluding consolidated VIE | Real estate loans                
Debt Instrument [Line Items]                
Notes payable, net $ 16,730 16,893            
Interest rate 4.70%              
Excluding consolidated VIE | Other loans                
Debt Instrument [Line Items]                
Notes payable, net $ 58 445            
Interest rate 11.99%              
VIE, primary beneficiary                
Debt Instrument [Line Items]                
Notes payable, net $ 65,383 33,779            
Deferred financing costs, net (1,525) (174)            
Total 66,520 33,605            
VIE, primary beneficiary | Real estate loans                
Debt Instrument [Line Items]                
Notes payable, net 52,459 20,855            
VIE, primary beneficiary | Real estate loans | Commons Fundco, LLC                
Debt Instrument [Line Items]                
Notes payable, net $ 31,621 0            
Interest rate 7.75%              
VIE, primary beneficiary | Real estate loans | Riverwalk                
Debt Instrument [Line Items]                
Notes payable, net $ 14,750 14,750            
Interest rate 7.92%              
VIE, primary beneficiary | Real estate loans | Southpointe Fundco, LLC                
Debt Instrument [Line Items]                
Notes payable, net $ 1,050 1,050            
Interest rate 11.99%       11.99%     9.99%
Total $ 5,600              
VIE, primary beneficiary | Real estate loans | West Frontier Holdco, LLC                
Debt Instrument [Line Items]                
Notes payable, net $ 5,038 5,055            
Interest rate 6.35%         6.35%    
VIE, primary beneficiary | Member notes                
Debt Instrument [Line Items]                
Notes payable, net $ 12,924 $ 12,924            
Interest rate 10.00%     10.00%     10.00%  
Total $ 5,500