v3.26.1
Commercial Real Estate Loans - Schedule of Loans Held-for-Investment and Loans Held-for-Sale (Details)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
loan
Dec. 31, 2025
USD ($)
loan
Investment Holdings [Line Items]    
Amortized Cost $ 4,373,120 $ 5,347,756
Carrying Value $ 4,081,204 $ 5,145,832
Loan count (in loans) | loan 47 53
Consolidated Entity, Excluding VIE    
Investment Holdings [Line Items]    
Amortized Cost $ 4,373,120 $ 5,347,756
Carrying Value 4,081,204 5,145,832
Commercial Loans Held For Investment and For Sale    
Investment Holdings [Line Items]    
Outstanding Principal 4,500,675  
Amortized Cost 4,488,226  
Carrying Value $ 4,151,559  
Loan count (in loans) | loan 48  
Floating Rate Loan % 98.30%  
Weighted average, coupon 6.60%  
Weighted average life (years) 1 year 10 months 24 days  
Commercial real estate loans, held-for-investment, net    
Investment Holdings [Line Items]    
Outstanding Principal $ 4,386,394 5,361,863
Amortized Cost $ 4,373,120 $ 5,347,756
Loan count (in loans) | loan 47 53
Commercial real estate loans, held-for-investment, net | Consolidated Entity, Excluding VIE    
Investment Holdings [Line Items]    
Outstanding Principal $ 4,386,394 $ 5,361,863
Amortized Cost 4,373,120 5,347,756
Carrying Value $ 4,081,204 $ 5,145,832
Loan count (in loans) | loan 47 53
Floating Rate Loan % 98.30% 98.60%
Weighted average, coupon 6.60% 7.00%
Weighted average life (years) 1 year 10 months 24 days 1 year 9 months 18 days
Commercial real estate loans, loan held-for-sale | Consolidated Entity, Excluding VIE    
Investment Holdings [Line Items]    
Outstanding Principal $ 114,281  
Amortized Cost 115,106  
Carrying Value $ 70,355  
Loan count (in loans) | loan 1  
Floating Rate Loan % 100.00%  
Weighted average, coupon 6.40%  
Weighted average life (years) 7 months 6 days