v3.26.1
Debt - Schedule of Repurchase Agreements (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Assets Sold under Agreements to Repurchase [Line Items]    
Real estate securities, available for sale, measured at fair value [1] $ 187,247 $ 151,662
MRAs    
Assets Sold under Agreements to Repurchase [Line Items]    
Amount Outstanding 196,538 187,371
Interest Expense $ 4,599 $ 8,014
Weighted Average Interest Rate 4.50% 4.65%
Weighted Average Days to Maturity 12 days 16 days
MRAs | Securities Sold under Agreements to Repurchase | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
Collateral Pledged $ 236,218 $ 225,844
MRAs | JP Morgan Securities LLC    
Assets Sold under Agreements to Repurchase [Line Items]    
Amount Outstanding 31,714 7,856
Interest Expense $ 590 $ 1,278
Weighted Average Interest Rate 4.52% 4.63%
Weighted Average Days to Maturity 10 days 29 days
MRAs | JP Morgan Securities LLC | Securities Sold under Agreements to Repurchase | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
Collateral Pledged $ 38,041 $ 9,254
MRAs | Wells Fargo Securities, LLC    
Assets Sold under Agreements to Repurchase [Line Items]    
Amount Outstanding 0 0
Interest Expense $ 0 $ 2,288
Weighted Average Interest Rate 0.00% 0.00%
Weighted Average Days to Maturity 0 days 0 days
MRAs | Wells Fargo Securities, LLC | Securities Sold under Agreements to Repurchase | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
Collateral Pledged $ 0 $ 0
MRAs | Barclays Capital Inc.    
Assets Sold under Agreements to Repurchase [Line Items]    
Amount Outstanding 30,688 25,044
Interest Expense $ 623 $ 1,510
Weighted Average Interest Rate 4.75% 4.83%
Weighted Average Days to Maturity 8 days 25 days
MRAs | Barclays Capital Inc. | Securities Sold under Agreements to Repurchase | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
Collateral Pledged $ 38,448 $ 31,386
MRAs | Lucid Prime Fund    
Assets Sold under Agreements to Repurchase [Line Items]    
Amount Outstanding 36,314 54,718
Interest Expense $ 1,270 $ 1,644
Weighted Average Interest Rate 4.44% 4.67%
Weighted Average Days to Maturity 16 days 15 days
MRAs | Lucid Prime Fund | Securities Sold under Agreements to Repurchase | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
Collateral Pledged $ 42,779 $ 65,324
MRAs | Santander Securities    
Assets Sold under Agreements to Repurchase [Line Items]    
Amount Outstanding 97,822 99,753
Interest Expense $ 2,116 $ 1,294
Weighted Average Interest Rate 4.43% 4.60%
Weighted Average Days to Maturity 12 days 14 days
MRAs | Santander Securities | Securities Sold under Agreements to Repurchase | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
Collateral Pledged $ 116,950 $ 119,880
Secured debt | Securities Sold under Agreements to Repurchase | Asset Pledged as Collateral | U.S. Bank National Association    
Assets Sold under Agreements to Repurchase [Line Items]    
Real estate securities, available for sale, measured at fair value $ 49,000 $ 74,200
[1] Includes pledged assets of $187.2 million and $151.7 million as of June 30, 2026 and December 31, 2025, respectively.