Loans and Investments - Non-performing Loans (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||
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Jun. 30, 2026
USD ($)
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Jun. 30, 2025
USD ($)
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Jun. 30, 2026
USD ($)
loan
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Jun. 30, 2025
USD ($)
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Dec. 31, 2025
USD ($)
loan
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| Loans and Investments | |||||
| Number of loans | loan | 490 | 632 | |||
| Bridge loans, total UPB | $ 440,799 | $ 384,930 | |||
| Interest income recognized on nonaccrual loans | $ 1,300 | $ 4,100 | $ 8,000 | $ 9,900 | |
| Non-performing loans | |||||
| Loans and Investments | |||||
| Number of loans | loan | 19 | 26 | |||
| Carrying value of loans | 396,400 | $ 396,400 | $ 545,000 | ||
| Loan loss reserves | 31,100 | 31,100 | 10,200 | ||
| Bridge loans, total UPB | 428,845 | 569,137 | |||
| Non-performing loans | Financial Asset, Greater Than 60 Days Past Due | |||||
| Loans and Investments | |||||
| Bridge loans, total UPB | 91,200 | 237,000 | |||
| Interest receivable | 1,900 | 1,900 | $ 6,600 | ||
| Non-performing loans | Financial Asset, Greater Than 60 Days Past Due in Loan Modification In Progress | |||||
| Loans and Investments | |||||
| Bridge loans, total UPB | 58,600 | ||||
| Interest receivable | $ 1,600 | $ 1,600 | |||
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- Definition Number of mortgage loans within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income on financing receivable on nonaccrual status. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount at par value of financing receivable purchased with credit deterioration. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate, written down. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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