v3.26.1
Commercial Mortgage Loans, Held for Investment - Narrative (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
loan
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
rating
loan
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
rating
loan
Dec. 31, 2024
USD ($)
Oct. 31, 2022
USD ($)
Jun. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Nov. 30, 2021
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost $ 22,300,000     $ 22,300,000   $ 21,600,000          
Less: Allowance for credit losses [1] 54,457     54,457   38,302          
Provision/(benefit) for credit losses 7,235   $ (1,487) 18,626 $ (3,385)            
Commercial Portfolio Segment                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses 54,682 $ 49,507   54,682   38,598          
Provision/(benefit) for credit losses 5,175 13,526                  
Commercial Portfolio Segment | Specific allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses 17,842 16,335   17,842   4,106          
Provision/(benefit) for credit losses 1,507 14,846                  
Commercial Portfolio Segment | General allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses 36,840 33,172   36,840   $ 34,492          
Provision/(benefit) for credit losses $ 3,668 (1,320)   $ 2,300              
Minimum                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Exit capitalization rate       5.00%              
Maximum                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Exit capitalization rate       9.25%              
Commercial Mortgage Receivable, Held-For-Investment                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Number of loans | loan 172     172   169          
Amortized cost $ 4,329,579     $ 4,329,579   $ 4,421,436          
Less: Allowance for credit losses 54,457     $ 54,457   $ 38,302 $ 78,083        
Initial risk rating | rating       2   2          
Weighted average risk rating of loans | rating       2.4   2.4          
Commercial Mortgage Receivable, Held-For-Investment | Specific allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses 17,842     $ 17,842   $ 4,106          
Provision/(benefit) for credit losses       16,353   5,748          
Commercial Mortgage Receivable, Held-For-Investment | General allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses 36,615     36,615   34,196          
Provision/(benefit) for credit losses       2,419   (12,669)          
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost 4,329,579     4,329,579   4,421,436          
Less: Allowance for credit losses $ 54,457     $ 54,457   $ 38,302          
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | Nonperforming Financial Instruments                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Number of loans | loan 9     9   7          
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | Multifamily | GEORGIA                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost                   $ 23,000  
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | Multifamily | GEORGIA | Nonperforming Financial Instruments                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost           $ 21,700          
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | Multifamily | GEORGIA | Nonperforming Financial Instruments | Specific allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses   $ 600       $ 2,000          
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | Hospitality Property | ARIZONA                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost                     $ 39,000
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | Hospitality Property | ARIZONA | Nonperforming Financial Instruments                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost $ 36,800     $ 36,800              
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | Hospitality Property | ARIZONA | Nonperforming Financial Instruments | Specific allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses 3,100     3,100              
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | June 2021 Multifamily | NORTH CAROLINA                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost                 $ 46,000    
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | June 2021 Multifamily | NORTH CAROLINA | Nonperforming Financial Instruments                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost 44,000     44,000              
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | June 2021 Multifamily | NORTH CAROLINA | Nonperforming Financial Instruments | Specific allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses 1,100     1,100              
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | December 2021 Multifamily | NORTH CAROLINA                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost                   $ 82,900  
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | December 2021 Multifamily | NORTH CAROLINA | Nonperforming Financial Instruments                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost 79,800     79,800              
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | December 2021 Multifamily | NORTH CAROLINA | Nonperforming Financial Instruments | Specific allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses 13,200     13,200              
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | October 2022 Multifamily | NORTH CAROLINA                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost               $ 34,300      
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | October 2022 Multifamily | NORTH CAROLINA | Nonperforming Financial Instruments                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Amortized cost 30,400     30,400              
Commercial Mortgage Receivable, Held-For-Investment | Commercial Portfolio Segment | October 2022 Multifamily | NORTH CAROLINA | Nonperforming Financial Instruments | Specific allowance for credit losses                      
Accounts, Notes, Loans and Financing Receivable [Line Items]                      
Less: Allowance for credit losses $ 400     $ 400              
[1] Includes pledged assets of $243.4 million and $329.2 million as of June 30, 2026 and December 31, 2025, respectively.