v3.26.1
Debt - Schedule of Collateralized Loan Obligations (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Assets        
Cash and cash equivalents $ 136,347 $ 167,292 $ 414,085 $ 184,443
Total commercial mortgage loans, held for investment, net [1] 4,275,122 4,383,134    
Accrued interest receivable 33,665 41,468    
Total assets 6,383,846 6,057,250    
Liabilities        
Notes payable 24,186 23,998    
Accrued interest payable 13,460 16,110    
Total liabilities 4,834,613 4,436,025    
Allowance for credit loss [1] 54,457 38,302    
U.S. Bank National Association | Secured debt        
Liabilities        
Notes payable 3,328,702 3,510,608    
Variable Interest Entity, Primary Beneficiary        
Assets        
Cash and cash equivalents 80,890 51,153    
Total commercial mortgage loans, held for investment, net 3,245,578 3,317,040    
Accrued interest receivable 14,654 18,302    
Total assets 3,341,122 3,386,495    
Liabilities        
Notes payable 3,244,040 3,123,046    
Accrued interest payable 7,829 8,857    
Total liabilities 3,251,869 3,131,903    
Restricted cash 80,200 50,500    
Allowance for credit loss 15,200 15,400    
Deferred financing cost and discount 23,400 21,300    
Variable Interest Entity, Primary Beneficiary | U.S. Bank National Association | Secured debt        
Liabilities        
Collateralized loan obligation excluded $ 277,000 $ 366,100    
[1] Includes pledged assets of $243.4 million and $329.2 million as of June 30, 2026 and December 31, 2025, respectively.