v3.26.1
Commercial Real Estate Loans - Schedule of Amortized Cost of Loan Portfolio (Details)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
loan
Dec. 31, 2025
USD ($)
loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 47 53
Total $ 4,373,120 $ 5,347,756
Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 47 53
Outstanding Principal $ 4,386,394 $ 5,361,863
Current fiscal year 561,526 996,802
Year one 930,122 86,039
Year two 93,683 205,777
Year three 90,671 1,397,773
Year four 1,139,180 2,333,079
Year five 1,557,938 328,286
Total 4,373,120 5,347,756
Current year, write-off 0 0
Year one, write-off 0 0
Year two, write-off 0 0
Year three, write-off 0 34,828
Year four, write-off 0 0
Prior, write-off 59,629 0
Notes receivable, gross write-off $ 59,629 $ 34,828
Very Low Risk    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 0 0
Total $ 0 $ 0
Very Low Risk | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 0 0
Outstanding Principal $ 0 $ 0
Current fiscal year 0 0
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Total $ 0 $ 0
Low Risk    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 2 2
Total $ 283,906 $ 283,816
Low Risk | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 2 2
Outstanding Principal $ 283,906 $ 283,906
Current fiscal year 0 0
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 283,816
Year five 283,906 0
Total $ 283,906 $ 283,816
Average Risk    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 39 46
Total $ 3,377,069 $ 4,405,274
Average Risk | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 39 46
Outstanding Principal $ 3,386,003 $ 4,415,095
Current fiscal year 561,526 996,802
Year one 930,122 86,039
Year two 93,683 115,106
Year three 0 1,397,773
Year four 823,530 1,671,380
Year five 968,208 138,174
Total $ 3,377,069 $ 4,405,274
High Risk/Potential for Loss    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 1 1
Total $ 42,627 $ 90,671
High Risk/Potential for Loss | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 1 1
Outstanding Principal $ 42,415 $ 90,671
Current fiscal year 0 0
Year one 0 0
Year two 0 90,671
Year three 0 0
Year four 42,627 0
Year five 0 0
Total $ 42,627 $ 90,671
Impaired/Loss Likely    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 5 4
Total $ 669,518 $ 567,995
Impaired/Loss Likely | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans (in loans) | loan 5 4
Outstanding Principal $ 674,070 $ 572,191
Current fiscal year 0 0
Year one 0 0
Year two 0 0
Year three 90,671 0
Year four 273,023 377,883
Year five 305,824 190,112
Total $ 669,518 $ 567,995