v3.26.1
Loans and Investments - Non-performing Loans (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
loan
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
loan
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