v3.26.1
Variable Interest Entities and Collateralized Loan Obligations - Schedule of Borrowings and Corresponding Collateral (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
loan
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
loan
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
loan
Debt Instrument [Line Items]          
Count (in loans) | loan 52   52   50
Other real estate owned investments held by sub real estate investment trust $ 85,400   $ 85,400   $ 84,700
Interest expense 50,387 $ 45,524 98,849 $ 88,667  
Amortization of debt issuance costs and discounts     4,118 3,344  
Collateralized loan obligations          
Debt Instrument [Line Items]          
Interest expense 31,600 39,900 68,400 67,500  
Amortization of debt issuance costs and discounts 1,200 $ 700 2,300 $ 1,300  
Collateralized loan obligations | Collateral Assets          
Debt Instrument [Line Items]          
Outstanding principal balance 2,200,000   2,200,000   3,043,784
Carrying value $ 2,177,232   $ 2,177,232   $ 2,996,305
Collateralized loan obligations | Collateral loan investments          
Debt Instrument [Line Items]          
Count (in loans) | loan 40   40   59
Wtd. avg. spread 3.10%   3.10%   3.25%
Wtd. avg. maturity     3 years 4 months 24 days   3 years
Collateralized loan obligations | Debt          
Debt Instrument [Line Items]          
Count (in loans) | loan 2   2   3
Outstanding principal balance $ 1,919,500   $ 1,919,500   $ 2,595,316
Carrying value $ 1,905,790   $ 1,905,790   $ 2,579,920
Wtd. avg. spread 1.75%   1.75%   1.85%
Wtd. avg. maturity     16 years 7 months 6 days   16 years
Collateralized loan obligations | TRTX 2022-FL5 | Collateral Assets          
Debt Instrument [Line Items]          
Outstanding principal balance         $ 843,784
Carrying value         $ 822,488
Collateralized loan obligations | TRTX 2022-FL5 | Collateral loan investments          
Debt Instrument [Line Items]          
Count (in loans) | loan         19
Wtd. avg. spread         3.52%
Wtd. avg. maturity         1 year 6 months
Loans held for investment, aggregate unpaid principal balance percentage         20.50%
Collateralized loan obligations | TRTX 2022-FL5 | Debt          
Debt Instrument [Line Items]          
Count (in loans) | loan         1
Outstanding principal balance         $ 675,816
Carrying value         $ 675,816
Wtd. avg. spread         2.14%
Wtd. avg. maturity         13 years 1 month 6 days
Collateralized loan obligations | TRTX 2025-FL6 | Collateral Assets          
Debt Instrument [Line Items]          
Outstanding principal balance $ 1,100,000   $ 1,100,000   $ 1,100,000
Carrying value $ 1,088,272   $ 1,088,272   $ 1,086,326
Collateralized loan obligations | TRTX 2025-FL6 | Collateral loan investments          
Debt Instrument [Line Items]          
Count (in loans) | loan 19   19   19
Wtd. avg. spread 3.07%   3.07%   3.15%
Wtd. avg. maturity     3 years 3 months 18 days   3 years 3 months 18 days
Loans held for investment, aggregate unpaid principal balance percentage 25.40%   25.40%   26.60%
Collateralized loan obligations | TRTX 2025-FL6 | Debt          
Debt Instrument [Line Items]          
Count (in loans) | loan 1   1   1
Outstanding principal balance $ 962,500   $ 962,500   $ 962,500
Carrying value $ 955,110   $ 955,110   $ 954,133
Wtd. avg. spread 1.83%   1.83%   1.83%
Wtd. avg. maturity     16 years 2 months 12 days   16 years 8 months 12 days
Collateralized loan obligations | TRTX 2025-FL7 | Collateral Assets          
Debt Instrument [Line Items]          
Outstanding principal balance $ 1,100,000   $ 1,100,000   $ 1,100,000
Carrying value $ 1,088,960   $ 1,088,960   $ 1,087,491
Collateralized loan obligations | TRTX 2025-FL7 | Collateral loan investments          
Debt Instrument [Line Items]          
Count (in loans) | loan 21   21   21
Wtd. avg. spread 3.14%   3.14%   3.14%
Wtd. avg. maturity     3 years 4 months 24 days   3 years 10 months 24 days
Loans held for investment, aggregate unpaid principal balance percentage 25.30%   25.30%   26.70%
Collateralized loan obligations | TRTX 2025-FL7 | Debt          
Debt Instrument [Line Items]          
Count (in loans) | loan 1   1   1
Outstanding principal balance $ 957,000   $ 957,000   $ 957,000
Carrying value $ 950,680   $ 950,680   $ 949,971
Wtd. avg. spread 1.67%   1.67%   1.67%
Wtd. avg. maturity     16 years 10 months 24 days   17 years 4 months 24 days