v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Preferred stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 25,000,000 25,000,000
Preferred stock, shares issued (in shares) 2,084,232 2,084,232
Preferred stock, shares outstanding (in shares) 2,084,232 2,084,232
Preferred stock, liquidation preference $ 52,106,000 $ 52,106,000
Common stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 125,000,000 125,000,000
Common stock, shares issued (in shares) 8,049,957 7,848,703
Common stock, shares outstanding (in shares) 7,772,564 7,571,699
Debt securities, available-for-sale, allowance for credit loss $ 0 $ 0
Investments at fair value 61,900,000 61,600,000
Unamortized financing costs 200,000 0.0
CMBS    
Amortized cost 84,300,000 273,400,000
Fair value 84,365,000 273,783,000
CMBS | Fair Value, Inputs, Level 2    
Fair value 84,365,000 273,783,000
RMBS    
Fair value 162,671,000 155,807,000
Debt securities, available-for-sale, allowance for credit loss 0  
RMBS | Fair Value, Inputs, Level 2    
Amortized cost 47,800,000 48,800,000
Fair value 47,990,000 49,237,000
Beneficial Interests    
Fair value 76,640,000 66,249,000
Debt securities, available-for-sale, allowance for credit loss 0.0 0
Residential Transition Loans    
Amortized cost 117,600,000  
Residential Transition Loans | Fair Value, Inputs, Level 2    
Fair value 0  
Mortgage loans    
Residential mortgage loans held-for-sale and held-for-investment $ 346,941,000 $ 361,608,000